At a Glance
- Tasks: Be the go-to compliance guru for product development in a dynamic insurance environment.
- Company: Join HDI, a global leader in corporate specialty insurance with over 120 years of experience.
- Benefits: Enjoy competitive pay, career growth, and the chance to work with a diverse team worldwide.
- Other info: Work in a supportive culture that values your insights and fosters professional development.
- Why this job: Make a real impact by ensuring innovative products meet regulatory standards from day one.
- Qualifications: Experience in compliance and a passion for product development in regulated environments.
The predicted salary is between 60000 - 80000 £ per year.
About us HDI is a Corporate Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.
The role involves acting as a trusted compliance adviser and business partner, specialising in product development compliance within a UK FCA/PRA regulated environment. Working directly with underwriting teams, this role provides expert guidance to ensure that new products, product changes, and distribution strategies meet regulatory requirements from design through to launch.
Responsible for embedding regulatory requirements into product development processes and ensuring all activities performed by the HDI businesses in the UK and Ireland are conducted in accordance with relevant regulations and required standards of legal compliance.
Key accountabilities
- Primary Focus: Product Development Compliance
- Serve as the primary compliance contact for underwriting teams (initially Accident Health and Delegated Authority) on all product development and product change initiatives.
- Review new products, product changes, and distribution strategies from a compliance perspective, ensuring regulatory expectations are met from design through to launch.
- Assist underwriting teams in completing New Product Risk Assessments and applying relevant internal controls.
Compliance Business Partner employer: Avencia Consulting
HDI is an exceptional employer that values compliance and innovation within the insurance sector, offering a dynamic work environment where employees can thrive. With a strong commitment to professional development, employees are encouraged to grow their expertise in a supportive culture that prioritises collaboration and integrity. Located in the UK, HDI provides unique opportunities to engage with diverse teams across a global network, making it an ideal place for those seeking meaningful and rewarding careers in compliance.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Business Partner
✨Tip Number 1
Network like a pro! Reach out to people in the compliance field, especially those working at HDI 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 interviews by brushing up on your knowledge of FCA/PRA regulations. We want to see that you’re not just familiar with compliance but that you can talk about it confidently and apply it to real-world scenarios.
✨Tip Number 3
Showcase your problem-solving skills! During interviews, be ready to discuss how you've tackled compliance challenges in the past. We love hearing about your thought process and how you ensure regulatory requirements are met.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we often have exclusive roles listed there that you won’t find anywhere else.
We think you need these skills to ace Compliance Business Partner
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Compliance Business Partner role. Highlight your experience in product development compliance and any relevant regulatory knowledge that aligns with what HDI is looking for.
Showcase Your Expertise:Use specific examples from your past work to demonstrate your understanding of FCA/PRA regulations. We want to see how you've successfully navigated compliance challenges in previous roles, so don’t hold back!
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use clear language to explain your qualifications and how they relate to the key accountabilities of the role. We appreciate clarity!
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Avencia Consulting
✨Know Your Compliance Stuff
Make sure you brush up on the latest UK FCA/PRA regulations. Understand how they apply to product development and be ready to discuss specific examples of how you've navigated compliance challenges in the past.
✨Showcase Your Partnership Skills
This role is all about collaboration with underwriting teams. Prepare to share instances where you've successfully partnered with other departments to achieve compliance goals. Highlight your communication skills and ability to influence others.
✨Be Ready for Scenario Questions
Expect questions that put you in hypothetical situations related to product development compliance. Think through how you would handle potential compliance issues and be prepared to articulate your thought process clearly.
✨Demonstrate Your Problem-Solving Abilities
Compliance can often involve navigating complex issues. Be ready to discuss how you've approached problem-solving in previous roles, especially in relation to regulatory requirements and product changes.
