Compliance Assurance Manager UK
Compliance Assurance Manager UK

Compliance Assurance Manager UK

Croydon Full-Time 43200 - 72000 Β£ / year (est.) No home office possible
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Allianz

At a Glance

  • Tasks: Lead compliance assurance programs and ensure adherence to regulatory obligations.
  • Company: Join Allianz Partners, a global leader in insurance and assistance services focused on innovation and customer satisfaction.
  • Benefits: Enjoy flexible working hours, mental health support, and career development opportunities.
  • Why this job: Make a meaningful impact while working in a vibrant, inclusive environment that values innovation.
  • Qualifications: 5+ years in compliance, strong communication skills, and knowledge of FCA regulations required.
  • Other info: Be part of a diverse team committed to excellence and social responsibility.

The predicted salary is between 43200 - 72000 Β£ per year.

About us

Allianz Partners is a Global leader in insurance and assistance services, dedicated to innovation and customer satisfaction. Allianz aims to be a trusted partner for its clients, offering stability and reliability through its expertise and global presence. The company is committed to delivering top-tier service and creating sustainable value for all stakeholders. Allianz emphasizes customer-centricity, integrity, and excellence in all its operations, striving to make a positive impact on society and the environment. We believe in fostering a vibrant and inclusive workplace where innovation thrives and employees are empowered to achieve their best. Join us on our journey to make a meaningful impact in the world.

What you do

The role reports to the UK Compliance Director and is part of the regional and global compliance team which actively supports and oversees the UK and Ireland business in managing its regulatory risk profile. Key responsibilities of this role include the following:

  • Building, maintaining and progressively improving a UK compliance assurance program.
  • Providing an independent second line view of the systems, processes and controls in place to foster adherence with Allianz Partners UK and Ireland's regulatory obligations and relevant rules and procedures, with a strong focus on customer outcomes.
  • Close alignment with the global AzP Compliance Quality Assurance team.
  • Providing timely and considered assurance to the first line of defense on a range of general insurance topics, including, but not limited to: ICOBS, DISP, customers in vulnerable circumstances and Consumer Duty rules and principles.
  • Developing annual UK assurance plans, preparing local compliance reports, and communicating findings to senior management, in close alignment with the global AzP Compliance Quality Assurance team.
  • Partnering with other Compliance team members and first line colleagues to identify areas of high regulatory and conduct risk and supporting the continued evolution of a proportionate control environment so that UK key regulatory risks are appropriately managed.
  • Collaborating with other UK Control Functions (i.e. Legal, Risk, Internal Audit) for a unified UK compliance approach.

What you bring

The role requires a strategic approach, resilience, strong stakeholder management skills and solid experience of applying different compliance assurance methodologies, ideally in a general insurance setting. The following requirements are key to successfully executing the role:

  • Required Experience: Specific experience of leading compliance assurance programs, ideally in a general insurance context. 5+ years of experience within a Compliance function.
  • Required Education: A sound knowledge of FCA regulatory requirements and key conduct related priorities within insurance, especially DISP, ICOBS, vulnerability and Consumer Duty.
  • General skills: Excellent verbal and written communication skills. Ability to take complex points and communicate them in a simple, easily understood way. Can independently manage a portfolio of work and balance the demands of maintaining high quality work and delivering to deadlines. Pro-active, resilient and not afraid to challenge the status quo.
  • Functional skills: Fully understands the concepts of risk, controls and materiality and can be proportionate when making decisions. Quickly masters unfamiliar businesses, process or products; able to logically analyze and assess them. Can challenge and raise points of view with senior individuals and maintain a position constructively.
  • People attributes: Strong stakeholder management skills with a view to building successful and lasting relationships across all functions and lines of defense. Empathy, including the ability to anticipate the impact of our activities for retail customers. A professional approach and delivery of work product with a key focus on timely delivery of quality outputs.

What we offer

  • Work flexibly according to internal guidelines (e.g., hybrid model/ flexible working hours).
  • Access to pension/ savings plans/ Allianz products.
  • Company share purchasing plan.
  • Mental health and wellbeing programs.
  • Career opportunities within the entire Allianz Group.
  • Comprehensive learning and development offerings, including certifications and professional qualifications.

As an equal opportunity employer, Allianz Partners recognizes that our strength lies in our people, and we are committed to diversity and inclusivity. If you want to be part of a global company that offers international career opportunities, kick-start your career and dare to join us!

For more information, please visit: www.allianzcare.com.

Compliance Assurance Manager UK employer: Allianz

Allianz Partners is an exceptional employer that prioritises innovation, customer satisfaction, and employee empowerment within a vibrant and inclusive workplace. With a strong commitment to professional development, employees benefit from flexible working arrangements, comprehensive learning opportunities, and a focus on mental health and wellbeing. Join us in making a meaningful impact while enjoying the stability and reliability of a global leader in insurance and assistance services.
Allianz

Contact Detail:

Allianz Recruiting Team

StudySmarter Expert Advice 🀫

We think this is how you could land Compliance Assurance Manager UK

✨Tip Number 1

Familiarise yourself with the FCA regulatory requirements and key conduct priorities, especially around DISP, ICOBS, and Consumer Duty. This knowledge will not only help you understand the role better but also demonstrate your commitment to compliance during discussions.

✨Tip Number 2

Network with professionals in the compliance field, particularly those with experience in general insurance. Engaging with industry peers can provide insights into best practices and may even lead to referrals or recommendations for the position.

✨Tip Number 3

Prepare to discuss your experience in leading compliance assurance programmes. Be ready to share specific examples of how you've successfully managed regulatory risks and improved compliance processes in previous roles.

✨Tip Number 4

Showcase your stakeholder management skills by preparing to discuss how you've built relationships across different functions. Highlighting your ability to collaborate effectively will resonate well with the team-oriented culture at Allianz Partners.

We think you need these skills to ace Compliance Assurance Manager UK

Compliance Assurance Program Development
Regulatory Knowledge (FCA, ICOBS, DISP)
Stakeholder Management
Risk Assessment and Control Evaluation
Strong Verbal and Written Communication
Analytical Skills
Project Management
Ability to Simplify Complex Information
Proactive Problem Solving
Empathy and Customer Focus
Collaboration with Cross-Functional Teams
Resilience in Challenging Situations
Experience in General Insurance Compliance
Adaptability to New Processes and Products

Some tips for your application 🫑

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Compliance Assurance Manager position. Tailor your application to highlight relevant experience in compliance assurance, particularly in a general insurance context.

Highlight Relevant Experience: In your CV and cover letter, emphasise your 5+ years of experience within a Compliance function. Be specific about your experience leading compliance assurance programmes and your knowledge of FCA regulatory requirements, especially in areas like DISP, ICOBS, and Consumer Duty.

Showcase Communication Skills: Given the importance of excellent verbal and written communication skills for this role, provide examples in your application that demonstrate your ability to simplify complex information and effectively communicate with stakeholders at all levels.

Demonstrate Stakeholder Management: Illustrate your strong stakeholder management skills by including examples of how you've built successful relationships across different functions. Highlight your ability to empathise and anticipate the impact of compliance activities on retail customers.

How to prepare for a job interview at Allianz

✨Understand the Regulatory Landscape

Make sure you have a solid grasp of FCA regulatory requirements, especially around DISP, ICOBS, and Consumer Duty. Being able to discuss these topics confidently will show your expertise and readiness for the role.

✨Demonstrate Stakeholder Management Skills

Prepare examples of how you've successfully managed relationships with various stakeholders in previous roles. Highlight your ability to communicate complex compliance issues in a straightforward manner, as this is crucial for the position.

✨Showcase Your Compliance Assurance Experience

Be ready to discuss your experience in leading compliance assurance programmes, particularly in a general insurance context. Share specific examples of how you've improved compliance processes and ensured adherence to regulations.

✨Exhibit Proactivity and Resilience

During the interview, convey your proactive approach to identifying regulatory risks and your resilience in challenging situations. Employers value candidates who can think critically and adapt to changing environments.

Compliance Assurance Manager UK
Allianz
Location: Croydon
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