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- Tasks: Support compliance and risk management while ensuring legal obligations are met.
- Company: Join a leading firm in the insurance sector, committed to regulatory excellence.
- Benefits: Enjoy flexible working with 2-3 days in London and competitive salary.
- Why this job: Be a key player in shaping compliance strategies and making a real impact.
- Qualifications: Experience in regulated environments, especially in insurance, is essential.
- Other info: Must have a notice period of 6 weeks or shorter; recent insurance expertise required.
The predicted salary is between 40000 - 56000 £ per year.
Job Title: Senior Compliance Analyst
Duration: 12 month fixed-term contract
Rate/Salary: £50,000-70,000 annual salary
Location: London/home based (2-3 days in the central London office per week plus home working)
The Role:
The purpose of this position is to support the Risk Management & Compliance Department and Board of Management in advising the business and delivering key legal and regulatory obligations to ensure that the company continues to meet its legal and regulatory requirements.
- Guide and assist the business in delivering the correct outcomes for our clients and important partners whilst ensuring the appropriate balance is struck between the commercial interests of the goals of the FCA and the interests of our clients.
- Conduct horizon scanning, notably UK and US regulation, to identify any regulatory change.
- Work with the Head of Risk & Compliance and the business to implement, embed and provide ongoing monitoring of legal and regulatory developments.
- Be the subject matter expert and lead the project to implement additional regulatory requirements under the Senior Managers & Certification Regime for Enhanced Scope firms within the transitional period.
- Be the subject matter expert, and lead the project to implement the FCA\’s upcoming rule changes on Non-Financial Misconduct.
- Draft and maintain policies and procedures following regulatory obligations.
- Help with the oversight and ongoing monitoring of Line One processes, identifying where remediation activity may ensure compliance with internal processes and regulatory obligations, and working with the business to implement these.
- Complete allocated tasks outlined in the Annual Compliance Plan.
- Assist the Head of Risk & Compliance in compiling the Compliance Monitoring Plan. Deliver compliance monitoring reviews (business unit and thematic).
- Help produce periodical internal reports to Committees of the Board of Management, and KPI monitoring to Group Compliance, and external reports to key stakeholders.
Experience Required:
- Experience working in a regulated environment is essential, preferably within an insurance intermediary or insurance company.
- In-depth understanding of the insurance market and placing process is necessary.
- In-depth understanding of the FCA handbook as it relates to solo-regulated insurance intermediaries is essential, in particular PRIN, SYSC, COCON, COND, FIT, TC, PROD, ICOBS and SUP.
- Excellent interpersonal and communication skills with the ability to influence decision makers.
- Able to research, analyse and interpret regulatory requirements, presenting findings and making recommendations that are both compliant and proportionate to facilitate decision-making.
- Conscientious, positive attitude and self-motivated, with excellent organisational skills and a good eye for detail.
- Experience with US surplus lines business is preferred but not essential.
- Knowledge of Microsoft products.
If the above role is of interest and you fit the following criteria, please apply online for consideration. Please note that applicants must have a notice period of 6 weeks or shorter to be considered.
Please note that applicants must have recent Insurance industry expertise in order to be successful.
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Senior Compliance Analyst FTC employer: Oliver James Associates Ltd.
Contact Detail:
Oliver James Associates Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compliance Analyst FTC
✨Tip Number 1
Network with professionals in the insurance and compliance sectors. Attend industry events or webinars to connect with potential colleagues and learn about the latest regulatory changes. This can help you gain insights into the role and demonstrate your commitment to staying informed.
✨Tip Number 2
Familiarise yourself with the FCA handbook, especially the sections relevant to solo-regulated insurance intermediaries. Being able to discuss specific regulations during interviews will show your expertise and readiness for the role.
✨Tip Number 3
Prepare to discuss your experience in conducting compliance monitoring reviews. Think of examples where you've successfully identified compliance issues and implemented solutions, as this will highlight your practical knowledge and problem-solving skills.
✨Tip Number 4
Stay updated on recent developments in both UK and US regulations that may impact the insurance industry. Being knowledgeable about current trends will not only prepare you for the role but also impress interviewers with your proactive approach.
We think you need these skills to ace Senior Compliance Analyst FTC
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance and risk management, particularly within the insurance sector. Emphasise your understanding of the FCA handbook and any specific regulations mentioned in the job description.
Craft a Compelling Cover Letter: Write a cover letter that directly addresses the key responsibilities and requirements of the role. Use specific examples from your past experience to demonstrate how you meet the criteria, especially your ability to influence decision-makers and manage compliance projects.
Highlight Relevant Skills: In your application, focus on your interpersonal and communication skills, as well as your analytical abilities. Mention any experience with regulatory changes and how you've successfully implemented compliance measures in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a compliance role.
How to prepare for a job interview at Oliver James Associates Ltd.
✨Know Your Regulations
Make sure you have a solid understanding of the FCA handbook and relevant regulations. Be prepared to discuss how these regulations impact the insurance market and your previous experiences in navigating them.
✨Demonstrate Your Analytical Skills
Be ready to showcase your ability to research, analyse, and interpret regulatory requirements. Prepare examples of how you've presented findings and made recommendations in past roles.
✨Showcase Your Interpersonal Skills
Since this role requires influencing decision-makers, think of instances where you've successfully communicated complex compliance issues to non-compliance professionals. Highlight your communication style and how it fosters collaboration.
✨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 effectively.
