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- Tasks: Join our Risk & Compliance team to ensure regulatory compliance and manage conduct risk.
- Company: We're a leading insurance client focused on growth and compliance excellence.
- Benefits: Enjoy a hybrid work model with flexibility and corporate perks.
- Why this job: Be part of a dynamic team that prioritizes customer-centric solutions and professional development.
- Qualifications: 3+ years in compliance within financial services; knowledge of FCA rules is a plus.
- Other info: Opportunity for growth and impact in a supportive work environment.
The predicted salary is between 36000 - 60000 ÂŁ per year.
We are delighted to be working on behalf of a key insurance client on an exclusive basis, to help bolster their Risk & Compliance team during a period of continued growth. This is a hybrid role with the expectation of working in the office 2 days a week.
Role Purpose
- Advise on day-to-day compliance with FCA and other regulatory, and legislative requirements.
- Assist with all aspects of compliance monitoring, investigation, and resolution, including liaison with Third Party Agencies (TPAs) to ensure the business’ adherence to regulatory standards and Group requirements.
- Work in line with established controls that enable the business and clients to manage conduct risk and Consumer Duty requirements and keep the customers at the centre of firms and clients’ businesses.
- Demonstrate a high work ethic and possess core knowledge and skills to support strategic objectives.
Duties and Responsibilities
- Assist with identification, investigation, and reporting of breaches or near misses and escalate as appropriate.
- Assist with preparation of compliance board report, including gathering of relevant management information.
- Assist with annual review of policies and procedures to ensure they are up to date from a regulatory and business perspective.
- Assist with review of Annual Review Questionnaires (“ARQs”) received from clients and follow up as appropriate.
- Assist with compliance due diligence/ onboarding checks of new business partners or product lines.
- Assist with timely and accurate submission of regulatory filings and other documents to regulators.
- Assist with horizon scanning and business impact analysis and communicate the impact to relevant stakeholders.
- Assist with ad hoc compliance operational tasks as required.
- Liaise and communicate with group colleagues as appropriate.
- Perform sanctions checks and assist with investigation of escalated cases.
- Assist the Data Protection Officer with all matters in relation to UK GDPR and DPA 2018, including but not limited to data breach investigations, data protection impact assessments, data subject access request, RoPA and update of relevant policies and procedures.
- Manage the execution of mandatory compliance training and ensure all joiner, movers and leavers have been correctly managed in MGAA and relevant training has been allocated. Gather training MI, analyse training MI and report on training completions, issue training reminders where necessary.
Requirements and Skills
- 3 years+ experience in a compliance function within the financial services sector (general insurance experience would be advantageous).
- A working knowledge of FCA key applicable rules such as PRIN, ICOBS, SYSC, PROD, DISP and SUP.
- Strong analytical and problem-solving skills, attention to detail and ability to exercise balanced judgement and decision-making.
- Positive attitude, enthusiastic, professional, with a strong work ethic.
- Proactive and self-motivated with ability to advance where appropriate. Highly self-motivated, possessing strong written and verbal communication skills, with ability to communicate effectively at all levels.
- Commercial awareness and the ability to understand broad business issues.
- Understanding of current regulatory landscape and regulatory requirements impacting the business.
Risk & Compliance Analyst employer: Birchlake Recruitment
Contact Detail:
Birchlake Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk & Compliance Analyst
✨Tip Number 1
Familiarize yourself with the FCA regulations and key applicable rules such as PRIN, ICOBS, SYSC, PROD, DISP, and SUP. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the compliance landscape.
✨Tip Number 2
Highlight any experience you have with compliance monitoring and investigations. Be prepared to discuss specific examples where you've successfully identified and resolved compliance issues, as this will showcase your practical skills in the role.
✨Tip Number 3
Showcase your analytical and problem-solving skills by preparing to discuss how you've approached complex compliance challenges in the past. Think of scenarios where your attention to detail made a significant difference in outcomes.
✨Tip Number 4
Demonstrate your proactive attitude and self-motivation by sharing instances where you've taken the initiative to improve compliance processes or training within your previous roles. This will align well with the expectations of the position.
We think you need these skills to ace Risk & Compliance Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance functions, especially within the financial services sector. Emphasize your knowledge of FCA rules and any specific achievements that demonstrate your analytical and problem-solving skills.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the responsibilities listed in the job description, particularly your experience with compliance monitoring and regulatory requirements.
Showcase Relevant Skills: Clearly outline your strong written and verbal communication skills in your application. Provide examples of how you've effectively communicated compliance issues or collaborated with stakeholders in previous roles.
Highlight Continuous Learning: Mention any ongoing education or training related to compliance and regulatory standards. This shows your proactive attitude and commitment to staying updated on the current regulatory landscape.
How to prepare for a job interview at Birchlake Recruitment
✨Show Your Compliance Knowledge
Make sure to brush up on your knowledge of FCA regulations and key applicable rules like PRIN, ICOBS, and SYSC. Being able to discuss these confidently will demonstrate your expertise and readiness for the role.
✨Highlight Your Analytical Skills
Prepare examples that showcase your strong analytical and problem-solving skills. Discuss specific instances where you identified compliance issues and how you resolved them, as this will illustrate your attention to detail and decision-making abilities.
✨Demonstrate a Proactive Attitude
Employers are looking for candidates who are self-motivated and proactive. Share experiences where you took the initiative to improve compliance processes or training programs, showing that you can advance the team's objectives.
✨Communicate Effectively
Since the role involves liaising with various stakeholders, practice articulating your thoughts clearly and concisely. Be prepared to discuss how you've effectively communicated compliance matters in previous roles, ensuring you convey your strong verbal and written communication skills.
