At a Glance
- Tasks: Lead compliance assurance reviews and ensure RSA meets regulatory standards.
- Company: Join RSA, a people-focused insurance company transforming the industry with a strong presence in Europe and North America.
- Benefits: Enjoy hybrid working, up to 11% pension contributions, and continuous development opportunities.
- Why this job: Be part of a diverse team making a meaningful impact in the insurance sector.
- Qualifications: Prior experience in compliance, risk, or audit is essential; understanding of commercial regulations is required.
- Other info: We celebrate individuality and support flexible working arrangements.
The predicted salary is between 43200 - 72000 £ per year.
At RSA, we believe insurance is about people, not things. We provide our inspiring colleagues the support and opportunity to grow together, shape the future, and win as a team. We are going through a transformation journey, providing our people with the opportunity to be integral to improving our service and delivering better products to brokers and customers. We are a proud member of the Intact family, feeling part of something bigger, with a presence in North America, the UK, and Europe. We have a bold ambition to become the best Commercial Lines business in the UK, demonstrated by our recent acquisition of NIG and Farmweb, allowing us to scale by leveraging our combined financial strength and ensuring our people feel the benefits of our joint capabilities.
Your role
As a Senior Compliance Assurance Manager, you will assist the UK Chief Compliance Officer and the Head of Regulatory Affairs and Assurance (UK) in delivering risk-based assurance activity across the UK business. The role is key to ensuring that the business operates within the law and regulations that apply to RSA. You will support and collaborate with the Head of Regulatory Affairs and Assurance (UK) on the assurance framework and priorities. You will be responsible for conducting compliance assurance reviews of differing levels of complexity across a range of business areas. You will test the business’s compliance with FCA, PRA, and outcome regulation, highlighting gaps or weaknesses as part of your reviews. You will analyse regulatory themes and trends and identify opportunities across the UK business for improving operational efficiency and mitigating regulatory risk. You will have an external lens into regulatory developments in the insurance industry and accompanying best practices.
About you
You will be responsible for planning and delivering assurance reviews of differing levels of complexity across a range of business areas, developing and completing test plans, maintaining evidence of findings, and ensuring the implementation of practical, proportionate, and sustainable remedial solutions identified in the course of monitoring is delivered in line with the defined requirements. You will take a range of approaches to assurance and will carry out traditional, data-led, short, sharp, and ongoing reviews as appropriate. Prior relevant industry experience in compliance, risk, audit, or similar assurance functions is essential. A good understanding of the regulatory provisions applying to commercial and specialty lines is required.
What we offer you
At RSA, we put our people first. We have adopted hybrid working as standard, to give you a better work/life balance and an excellent flexible working mindset. That is on top of a comprehensive range of benefits, including pension contributions of up to 11% looking after you now and in the future. We’ll give you countless opportunities to continuously develop, alongside a diverse and passionate community of experts – the best the industry has to offer. You’ll be empowered to be your best self, do your best work, and make a meaningful impact. Our employee promise allows you to shape the future, win as a team, and grow with us.
About Us
We celebrate individuality, and it’s important to us that we have a culture where our people feel respected and valued for who they are. We pride ourselves on being accessible and encourage inclusive environments where our people can always give and show the very best of themselves. We understand that home life is a priority and are happy to consider reduced hours or job shares. If you think you would be a great fit for us, but don’t meet all the requirements of the role, please contact us as we’d love to discuss how RSA could be the next step in your career journey. Please let us know if there are any changes we could make to the application process to make it easier and more comfortable for you. Contact our recruitment team so we can work with you to support you throughout your application.
Senior Compliance Assurance Manager employer: RSA Group
Contact Detail:
RSA Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compliance Assurance Manager
✨Tip Number 1
Familiarise yourself with the latest FCA and PRA regulations, as well as any recent changes in compliance standards within the insurance industry. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the compliance and regulatory affairs sectors. Attend industry events or webinars to connect with others in the field, which can provide valuable insights and potentially lead to referrals for the Senior Compliance Assurance Manager position.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully conducted compliance assurance reviews in the past. Highlight your analytical skills and ability to identify regulatory gaps, as these are crucial for the role at RSA.
✨Tip Number 4
Research RSA's recent acquisitions and their impact on the compliance landscape. Understanding how these changes affect the business will allow you to speak knowledgeably about the company's direction and how you can contribute to its goals.
We think you need these skills to ace Senior Compliance Assurance Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Senior Compliance Assurance Manager. Familiarise yourself with compliance frameworks and regulatory requirements relevant to the insurance industry.
Tailor Your CV: Highlight your relevant experience in compliance, risk, or audit functions. Use specific examples that demonstrate your ability to conduct assurance reviews and implement remedial solutions effectively.
Craft a Compelling Cover Letter: In your cover letter, express your passion for compliance and how your skills align with RSA's mission. Mention your understanding of the regulatory landscape and how you can contribute to improving operational efficiency.
Showcase Your Soft Skills: Emphasise your collaboration and communication skills, as these are crucial for working with various teams. Provide examples of how you've successfully worked in a team environment to achieve compliance goals.
How to prepare for a job interview at RSA Group
✨Understand the Regulatory Landscape
Familiarise yourself with the FCA, PRA, and other relevant regulations that apply to the insurance industry. Being able to discuss these regulations and their implications during your interview will demonstrate your expertise and readiness for the role.
✨Showcase Your Assurance Experience
Prepare specific examples from your previous roles where you conducted compliance assurance reviews or audits. Highlight the methodologies you used and the outcomes of your reviews to illustrate your capability in delivering effective compliance solutions.
✨Emphasise Collaboration Skills
Since the role involves working closely with the Chief Compliance Officer and other stakeholders, be ready to discuss how you have successfully collaborated with teams in the past. Share examples of how you’ve built relationships and worked towards common goals.
✨Demonstrate a Growth Mindset
RSA values continuous development, so express your enthusiasm for learning and adapting to new regulatory changes. Discuss any recent training or certifications you've pursued that relate to compliance and risk management to show your commitment to professional growth.