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- Tasks: Support compliance with regulations and internal policies while conducting audits and risk assessments.
- Company: Join a rapidly growing Insurance Group providing underwriting and claims services.
- Benefits: Enjoy hybrid work options and occasional travel opportunities within the UK and overseas.
- Why this job: Be part of a crucial role that shapes compliance culture and impacts business success.
- Qualifications: Experience in compliance within Insurance or Financial Services and knowledge of UK GDPR required.
- Other info: Opportunity to train and support employees on data protection compliance.
The predicted salary is between 28800 - 48000 £ per year.
This vital role supports this Insurance Group with its responsibilities to comply with Regulatory requirements, internal policies and procedures and meeting the expectations of business partners through due-diligence requests and audits. Indicative of the importance of this role to the business, this is an additional role to support the Compliance Manager. As Compliance Officer you will support our rapidly growing Insurance Client who provides underwriting and claims services. It is possible to work on a hybrid basis, balancing between working at home and in the office. There may be a requirement to travel occasionally to other offices in the UK and overseas. The main tasks of the Compliance Officer role include: Identification, monitoring and mitigation of compliance, and data protection risks across the business. Compliance monitoring reviews in accordance with the annual compliance monitoring programme. Audits and risk assessments to help the business understand compliance risk, scope, and significance. Review and provide feedback to the business on breaches and incidents. Support the review, maintenance, and organisation of related compliance policies and ensuring the policies are up to date with the relevant laws. Collaborate with Stakeholders to help create a culture of compliance. Provide real-time compliance advice, with regards to the rules, regulation and internal policies that govern the business. Prepare compliance related Management Information for Senior Management. Undertake business reviews to determine compliance with data protection regulations, data security and other related areas, recommending process improvements. Draft and review data protection-related documents and contracts, as required. Provide knowledge and understanding to train, coach, and support employees on data protection compliance requirements, where required.To be successful as Compliance Officer you will demonstrate: Compliance experience within the Insurance or Financial Services Industry. Good understanding of relevant legislation including the UK GDPR. Ability to simplify and effectively communicate applicable legislation, regulations, and policies. Critical problem solving ability. Excellent verbal and written communication and the ability to challenge at all levels. Ability to build relationships with other Business Units. Strong report writing and presentation skills
Compliance Officer employer: Employment Specialists Ltd
Contact Detail:
Employment Specialists Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Officer
✨Tip Number 1
Familiarize yourself with the specific compliance regulations and standards relevant to the insurance industry, especially the UK GDPR. This knowledge will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the compliance field, particularly those working in insurance or financial services. Attend industry events or join online forums to gain insights and potentially get referrals.
✨Tip Number 3
Prepare to discuss real-life scenarios where you've identified and mitigated compliance risks. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively during interviews.
✨Tip Number 4
Showcase your ability to communicate complex compliance issues clearly. Practice explaining compliance concepts to someone without a compliance background, as this skill is crucial for the role.
We think you need these skills to ace Compliance Officer
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Compliance Officer position. Understand the key responsibilities and required skills, such as compliance experience in the Insurance or Financial Services Industry and knowledge of UK GDPR.
Tailor Your CV: Customize your CV to highlight relevant experience and skills that align with the Compliance Officer role. Emphasize your compliance experience, understanding of legislation, and any previous roles that involved risk assessments or audits.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for compliance and your ability to communicate complex regulations effectively. Mention specific examples from your past experiences that demonstrate your problem-solving skills and ability to build relationships.
Highlight Communication Skills: Since excellent verbal and written communication is crucial for this role, ensure that your application reflects your ability to communicate clearly. Use concise language and provide examples of how you've successfully communicated compliance-related information in previous positions.
How to prepare for a job interview at Employment Specialists Ltd
✨Show Your Compliance Knowledge
Make sure to brush up on your understanding of UK GDPR and other relevant legislation. Be prepared to discuss how these regulations impact the insurance industry and provide examples of how you've applied this knowledge in previous roles.
✨Demonstrate Problem-Solving Skills
Prepare to share specific instances where you've identified compliance risks and implemented solutions. Highlight your critical thinking abilities and how you approach complex problems, as this is crucial for the role.
✨Communicate Effectively
Since excellent verbal and written communication skills are essential, practice articulating your thoughts clearly. Be ready to explain complex compliance concepts in simple terms, showcasing your ability to communicate with various stakeholders.
✨Build Rapport with Stakeholders
Think about how you can demonstrate your relationship-building skills during the interview. Share examples of how you've collaborated with different business units to foster a culture of compliance and ensure everyone understands their responsibilities.
