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- Tasks: Support compliance across Yorkshire and the Northeast, ensuring robust risk management and regulatory adherence.
- Company: Join a leading global insurance firm committed to excellence and integrity in compliance.
- Benefits: Enjoy hybrid working, travel opportunities, and a supportive team environment.
- Why this job: Make a real impact on customer outcomes while developing your skills in a dynamic industry.
- Qualifications: Experience in compliance within insurance and a solid understanding of FCA rules are essential.
- Other info: Opportunity to present at Board level and engage with senior stakeholders.
The predicted salary is between 36000 - 60000 £ per year.
Global Insurance firm is currently looking to expand their UK Compliance division with the addition of a Compliance Business Partner to support the firms’ businesses located across Yorkshire and the Northeast. The position will operate a hybrid working policy with the week split between the office and home and will include some travel.
Role responsibilities:
- Ensure robust monitoring and challenging in the implementation and embedding of the Retail Division key controls. Where concerns and/or breaches are identified, ensure appropriate remediation action is undertaken.
- Ensure the effective and robust operation of the risk management framework, including the identification, monitoring and reporting of key risks and related controls.
- Regularly review Customer Experience MI to identify risks, regulatory concerns and key control inadequacies. Escalate to senior stakeholders, ensuring management are provided with appropriate assistance, as required, to address risks of poor outcomes to customers.
- Proactive engagement with management to drive improvement in key risk indicators such as, but not limited to, file audit completion and pass rates, complaints outcomes, AR oversight, regulatory breaches.
- Ensure effective reporting on risk and compliance matters, ensuring the key issues are raised.
- Present at Board on risk and compliance matters, as required.
- Perform an appropriate level of sample checking of adherence to regulatory requirements and key controls, to identify aspects of non-compliance and assist with the actions to address, as appropriate.
- Build strong relationships with the leaders of the individual businesses.
- Assist with the implementation of regulatory change, including ensuring teammates are provided with guidance on the application of relevant laws, regulations and standards.
- Ensure that teammates are provided with sufficient and appropriate training on risk and regulatory topics.
Personal Attributes & Experience:
- A solid understanding of FCA rules and procedures from either an Insurer or Broker background.
- Prior compliance experience within insurance is essential.
- Expertise offering regulatory advice.
- A skill set that includes high level stakeholder management, analytical, reasoning and IT Skills.
- Ideally qualified to relevant level (Degree / CII Exams).
Contact Detail:
MERJE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Business Partner
✨Tip Number 1
Familiarise yourself with the FCA rules and procedures, as this role requires a solid understanding of them. Consider reviewing recent regulatory changes and how they impact the insurance sector to demonstrate your up-to-date knowledge during discussions.
✨Tip Number 2
Network with professionals in the compliance field, especially those with experience in insurance. Attend industry events or join relevant online forums to build connections that could provide insights into the role and potentially refer you.
✨Tip Number 3
Prepare to discuss your previous compliance experiences in detail, particularly any instances where you identified risks or implemented controls. Use specific examples to showcase your analytical skills and stakeholder management abilities.
✨Tip Number 4
Research the company’s culture and values, as well as their approach to compliance. Tailor your conversations to reflect how your personal attributes align with their mission, which can help you stand out as a candidate who fits well within their team.
We think you need these skills to ace Compliance Business Partner
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to grasp the responsibilities and requirements of the Compliance Business Partner position. Tailor your application to highlight how your experience aligns with their needs.
Highlight Relevant Experience: Emphasise your prior compliance experience within insurance, particularly your understanding of FCA rules and procedures. Use specific examples to demonstrate your expertise in regulatory advice and stakeholder management.
Showcase Analytical Skills: Since the role requires strong analytical and reasoning skills, include instances where you've successfully identified risks or implemented key controls. This will show your capability in monitoring and reporting on compliance matters.
Craft a Strong Cover Letter: Write a compelling cover letter that not only summarises your qualifications but also expresses your enthusiasm for the role. Mention your ability to build relationships with business leaders and your commitment to driving improvements in risk indicators.
How to prepare for a job interview at MERJE
✨Know Your Compliance Stuff
Make sure you have a solid understanding of FCA rules and procedures, especially as they relate to the insurance sector. Brush up on your knowledge of compliance frameworks and be ready to discuss how you've applied this in previous roles.
✨Showcase Your Stakeholder Management Skills
This role requires high-level stakeholder management, so prepare examples of how you've successfully engaged with senior management in the past. Think about specific situations where you influenced decisions or drove improvements.
✨Demonstrate Analytical Thinking
Be ready to showcase your analytical skills by discussing how you've identified risks and implemented controls in previous positions. Use concrete examples to illustrate your problem-solving abilities and how you approach risk management.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your ability to handle compliance breaches or regulatory changes. Practice articulating your thought process and the steps you would take to address these situations effectively.
