At a Glance
- Tasks: Join our UK Compliance Team to manage compliance activities and support business units.
- Company: Chubb is a leading global insurance provider with a commitment to compliance and customer service.
- Benefits: Enjoy flexible working options, professional development opportunities, and a supportive team culture.
- Why this job: Make a real impact by ensuring compliance and shaping the future of insurance products.
- Qualifications: Experience in the insurance industry and knowledge of UK regulations are essential.
- Other info: Opportunity to work collaboratively with key stakeholders and develop your career in compliance.
The predicted salary is between 36000 - 60000 £ per year.
Part of the UK Compliance Team, with responsibility for the performance of the Compliance function in the UK. The role holder will manage and coordinate compliance activity acting as compliance business partner to assigned business units and/or functions.
Areas of responsibility will include:
- Proactive and reactive advice
- Breach and incident management
- Regulatory change
- Regulatory liaison
- The Business Compliance Framework
- Training
Specific areas of responsibility will include the ongoing management and support for Chubb's:
- Appointed Representatives
- Consumer products including Mobile Phone Insurance, Gadget Insurance and Travel Insurance
Key Responsibilities:
- Business Partnering: Proactively engage with key stakeholders within your areas of the Chubb UK business to maintain a culture of compliance throughout Chubb's UK operations, ensure the organisation adheres to regulatory requirements and Chubb policies, and ensure compliance and regulatory matters are raised and resolved.
- Advice: Provide advice in response to queries regarding legal and regulatory obligations, internal policies and protocols, and new products and distribution arrangements in your areas of the Chubb business. Ensure that records of compliance advice are retained and regularly reviewed to deliver a proactive response to key compliance themes and issues.
- Breach and Incident Management: Support the timely identification, reporting, management and resolution of breaches and incidents for your business area.
- Regulatory Relationship Management: Work collaboratively with the Regulatory Services Team to support the maintenance of Chubb's positive and open regulatory relationship with the PRA, FCA and Lloyd's. Support the submission of UK regulatory requests, reports, and preparation and attendance at meetings with regulators.
- Regulatory Change: Maintain an excellent technical knowledge of UK regulations, keeping up to speed with new developments and the latest regulatory position. Share this knowledge across the team. Provide guidance to the business in understanding evolving regulations to ensure that they adapt and comply.
- Compliance Plans: Support production and delivery of a UK specific Compliance Plan.
- Projects and Programmes: Support compliance and business projects and programmes. Work collaboratively with the other areas of the Legal and Compliance Team and business on compliance or business projects and programmes.
- Governance and Reporting: Act as a Compliance representative on committees, councils and other meetings within Chubb.
- Business Compliance Framework: Support the ongoing maintenance of the Business Compliance Framework in the UK. Work with your areas of the Chubb business to ensure that Business Compliance Profiles and Compliance Risk Registers are documented and maintained.
- Training and Communication: Support the compliance training and awareness plan, including developing and delivering briefings or training in the UK, as necessary.
- Additional Support: Provide support to and carry out work as directed by the Head of Compliance - UK. Deputise as required.
Qualifications:
- Experience of insurance industry and UK regulatory regimes is very important.
- Industry qualifications are helpful though not essential.
- Languages: English fluent.
- Experience: The candidate should have a strong knowledge of the insurance industry and an excellent understanding of the UK regulatory environment, particularly in relation to the requirements for Appointed Representatives and Consumer products.
- The candidate should have the ability to work within a team and be able to proactively manage their own workload, adept at managing competing priorities with excellent time management and organisation skills.
- The candidate should also have strong interpersonal skills and be skilled at communicating compliance and regulatory issues to key stakeholders, both verbally and in writing.
Compliance Manager, UK employer: Chubb
Contact Detail:
Chubb Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Manager, UK
✨Tip Number 1
Familiarise yourself with the specific regulatory frameworks that govern the insurance industry in the UK. Understanding the nuances of regulations related to Appointed Representatives and consumer products like Mobile Phone Insurance will give you an edge in discussions during interviews.
✨Tip Number 2
Network with professionals in the compliance field, especially those who work within the insurance sector. Attend industry events or webinars to connect with potential colleagues and learn about current trends and challenges in compliance management.
✨Tip Number 3
Prepare to discuss real-life scenarios where you've successfully managed compliance issues or regulatory changes. Having concrete examples ready will demonstrate your practical experience and problem-solving skills to the interviewers.
✨Tip Number 4
Stay updated on recent developments in UK insurance regulations and compliance practices. Being knowledgeable about the latest changes will not only help you in interviews but also show your commitment to the role and the industry.
We think you need these skills to ace Compliance Manager, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the insurance industry and your understanding of UK regulatory regimes. Use specific examples that demonstrate your ability to manage compliance activities and engage with stakeholders.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Compliance Manager role at Chubb. Discuss how your skills align with the key responsibilities outlined in the job description, particularly in breach management and regulatory relationship management.
Showcase Relevant Qualifications: If you have any industry qualifications, be sure to mention them in your application. Even if they are not essential, they can strengthen your candidacy and show your commitment to the field.
Highlight Communication Skills: Since the role requires strong interpersonal skills, provide examples of how you've effectively communicated compliance issues to stakeholders in the past. This could include written reports or presentations you've delivered.
How to prepare for a job interview at Chubb
✨Know Your Regulations
Make sure you have a solid understanding of the UK regulatory environment, especially regarding insurance and consumer products. Brush up on the latest changes and be ready to discuss how they impact compliance.
✨Showcase Your Stakeholder Engagement Skills
Prepare examples of how you've successfully engaged with stakeholders in previous roles. Highlight your ability to maintain a culture of compliance and resolve regulatory matters effectively.
✨Demonstrate Breach Management Experience
Be ready to talk about your experience with breach and incident management. Share specific instances where you've identified, reported, and resolved compliance issues, showcasing your proactive approach.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills in compliance situations. Think through potential challenges you might face in the role and how you would address them.