At a Glance
- Tasks: Ensure compliance and manage risks in business partner relationships.
- Company: ARAG UK, a leader in regulatory compliance and risk management.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Join a dynamic team focused on driving customer awareness and accessibility.
- Why this job: Make a real impact by minimising risks and maximising opportunities for customers.
- Qualifications: Experience in financial services or legal industry, with strong analytical and communication 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 in West Bromwich 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 opportunities for professional advancement and a commitment to maintaining a positive market reputation, ARAG UK offers a meaningful and rewarding career path.
StudySmarter Expert Advice🤫
We think this is how you could land Distribution Assurance Officer in West Bromwich
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you tailor your responses and show that you're genuinely interested in the role.
✨Tip Number 3
Practice your communication skills! Whether it's answering common interview questions or discussing your experience, being clear and confident is key. Consider doing mock interviews with friends or using online resources.
✨Tip Number 4
Don't forget to apply through our website! We love seeing applications directly from candidates who are excited about joining us. Plus, it shows initiative and enthusiasm for the role.
We think you need these skills to ace Distribution Assurance Officer in West Bromwich
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 regulatory knowledge you have. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Be sure to mention your problem-solving skills and ability to work collaboratively with stakeholders, as these are key for us.
Showcase Your Communication Skills:Since the role involves a lot of communication with internal stakeholders and business partners, make sure to demonstrate your strong communication skills in your application. Use clear and concise language, and maybe even share an example of how you've effectively influenced others in the past.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
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 the FCA guidelines like ICOBS, IDD, and PROD Manual. Being able to discuss these confidently will show that you understand the compliance landscape and can navigate it effectively.
✨Showcase Your Analytical Skills
Prepare examples of how you've analysed data in previous roles, particularly in identifying risks or compliance issues. Be ready to explain your thought process and how your analysis led to actionable recommendations.
✨Communicate Clearly and Confidently
Practice articulating your thoughts clearly, especially when discussing complex topics. Tailor your communication style to suit different audiences, as this role requires effective collaboration with various stakeholders.
✨Demonstrate Problem-Solving Prowess
Think of specific instances where you've tackled challenges in compliance or audit functions. Highlight your decision-making process and how you influenced outcomes positively, as this will resonate well with the interviewers.
