At a Glance
- Tasks: Ensure compliance and manage risks in business partner relationships.
- Company: Join a leading firm focused on regulatory excellence and customer accessibility.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Dynamic role with opportunities for growth and influence across the organisation.
- Why this job: Make a real impact by minimising risks and maximising opportunities for customers.
- Qualifications: Experience in financial services or legal compliance, strong analytical skills.
The predicted salary is between 40000 - 50000 £ per year.
As the Distribution Assurance Officer you will be part of the 2LoD oversight and governance of the regulatory and business risks relating to our business partner relationships in accordance with a risk-based methodology and plan, to maintain the regulatory compliance and market reputation of ARAG UK. Working closely with key internal stakeholders, the Distribution Assurance Officer will identify risk, evaluate impact and plan an appropriate risk assessment strategy, which may include a full on-site review of the business partner’s controls. The Distribution Assurance Officer will evaluate findings, identify recommendations and effectively communicate output to business partners and internal stakeholders. Working with internal stakeholders, they will ensure recommendations and actions are actively progressed and risk is managed. The role is an important function for providing positive challenge to ensure that we are minimising risks and maximising opportunities to drive customer awareness, understanding and accessibility of our products in partnership with our BPs and in line with our regulatory responsibilities.
Key responsibilities:
- Work closely and collaboratively with internal stakeholders and analyse business data to identify risk associated with our business partner and distributor arrangements and, using a risk-based methodology, assist the Distribution Assurance Manager to plan an assessment strategy appropriate to the level of risk presented.
- Complete reviews and analysis of ARAG UK business partners and distributors in accordance with the risk-based distribution oversight methodology. This will include, amongst other things:
- reviewing the distributors compliance policies and processes
- carrying out website audits
- auditing call centre activity
About You
- Experience working in the financial services or legal industry, in either a compliance, audit, or QA function.
- Evidence of auditing and feedback experience.
- Evidence of effective problem solving and decision-making skills.
- Evidence of ability to analyse and interpret data from customer, and financial and operational data.
- Understanding of the UK regulatory framework for financial services, in particular the FCA, including ICOBS, IDD & PROD Manual.
- Experience of influencing and effective collaboration with functions and stakeholders outside of immediate control.
- Strong communication and relationship building skills including inspiring trust and influencing; constructively challenging points of view; communicating information in a clear and commercial manner; adapting style and content for different audiences.
- A tenacious and effective approach to exceeding targets (both individually and through a team).
- Evident passion for area of expertise, delivery and sharing of best practice.
- Business acumen (including good understanding of internal and external markets and best practice) and strong commercial awareness.
- Drives delivery when working with ambiguity and change.
If you think you would be a good match for this role and can demonstrate some transferable experience please apply, regardless of whether you meet all the criteria listed above.
Distribution Assurance Officer employer: ARAG Legal Services UK
ARAG UK is an exceptional employer that prioritises employee growth and development within a collaborative work culture. As a Distribution Assurance Officer, you will benefit from a supportive environment that encourages innovation and effective problem-solving, while also enjoying the advantages of working in a dynamic sector that values regulatory compliance and customer engagement. With a focus on maximising opportunities and minimising risks, ARAG UK offers a meaningful career path where your contributions directly impact the company's success and reputation.
StudySmarter Expert Advice🤫
We think this is how you could land Distribution Assurance Officer
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at ARAG UK or similar companies. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by researching common questions for roles like Distribution Assurance Officer. Think about how your experience aligns with the job description and be ready to share specific examples that showcase your skills.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a quick thank-you email to express your appreciation. It shows your enthusiasm and keeps you fresh in their minds.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of our team at StudySmarter.
We think you need these skills to ace Distribution Assurance Officer
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Distribution Assurance Officer. Highlight your experience in compliance, audit, or QA functions, and don’t forget to mention any relevant skills that align with the job description.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your background makes you a perfect fit. Be sure to mention your understanding of the UK regulatory framework and your problem-solving skills.
Showcase Your Communication Skills:Since this role involves working closely with internal stakeholders, make sure to highlight your strong communication and relationship-building skills. Give examples of how you've influenced others or navigated challenging conversations in the past.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at ARAG Legal Services UK
✨Know Your Regulatory Stuff
Make sure you brush up on the UK regulatory framework, especially FCA guidelines like ICOBS, IDD, and PROD. Being able to discuss these confidently will show that you understand the landscape and can navigate it effectively.
✨Showcase Your Analytical Skills
Prepare examples of how you've analysed data in previous roles. Be ready to discuss specific instances where your analysis led to identifying risks or improving processes. This will demonstrate your problem-solving abilities and decision-making skills.
✨Build Rapport with Stakeholders
Think about how you can effectively communicate and build relationships with various stakeholders. Have a few strategies in mind for how you’ve influenced others in the past, as this role requires strong collaboration and trust-building.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific risk scenarios or compliance challenges. Practise articulating your thought process and the steps you would take to assess and mitigate risks, showcasing your tenacity and strategic thinking.
