Compliance Officer (Insurance) in Plymouth

My client, a specialist Motor Insurance provider, is recruiting for a COMPLIANCE OFFICER to ensure business activity is compliant with relevant laws and regulation.

The successful incumbent will play a critical role in protecting the business, adding value through improving internal processes, policies and procedures, and evaluating the effectiveness of risk management across the business.

This position will require travel to their North West office twice per month.

Key Responsibilities:

• Implement the effective operational implementation of FCA rules and regulation, subsequently monitoring ongoing adherence to this as required
• Oversee the Compliance Monitoring Programme, ensuring all regulated business activities are fulfilled correctly and on time
• Provide operational compliance advice/approval to business functions in efficient and effective manner, ensuring the operational activity in question is understood fully before providing advice, and keeping detailed records of all compliance approvals provided
• Identify potential compliance and risk issues, providing solutions in a timely manner
• Regularly review existing products, services and materials to ensure ongoing compliance
• Ensure all staff are aware of, and compliant with, the firm’s procedures and all relevant FCA requirements in relation to its selling practices
• Ensure appropriate operational controls are in place to manage conduct risk
• Maintain regulatory policies, procedures and processes to ensure they support the business in satisfying compliance requirements and reflects operations appropriately
• Provide regular updates and MI on compliance matters to senior management
• Ensure compliance information is cascaded down to all operational staff, whilst ensuring compliance is also covered appropriately in the training programme
• Carry out periodic compliance and thematic reviews of operational activities, including those of outsourced activities and suppliers
• Record and manage any non-compliance incidents, notifiable breaches and/or risk incidents, reporting to the Compliance Officer and ensuring the incident log is up to date
• Perform risk assessments on compliance matters across operational business functions
• Ensure effective compliance and risk controls are effective in respect of sub-broker and appointed representative activities
• Keep up to date with industry knowledge to ensure appropriate competency levels are maintained including, keeping abreast of FCA and other applicable regulatory developments
• Identify opportunities to enhance operational efficiency and effectiveness
• Ensure compliance projects are delivered on time, fully documented, and have received appropriate approval from the senior leadership team
• Build and maintain strong working relationships, both internally and externally
• Promote healthy compliance culture and risk-awareness at all times

Key Role Requirements:

• Compliance experience within the Insurance industry is essential
• Detailed knowledge of FCA regulations, especially relating to insurance products
• Ability to support and influence colleagues with their compliance and risk responsibilities
• Experience of working in highly effective teams; identifying and implementing improvements to operating methodologies and inspiring excellent performance
• Tenacity to investigate areas of concern across all business functions
• An ability to interpret, understand, maintain and advise the business on a broad range or legal and regulatory issues, with strong reporting skills
• Good at cultivating relationships with stakeholders, building trust that facilitates an open mindset and free exchange of information
• Function independently, on own initiative and multi-task in a dynamic environment
• Excellent presentation and communication (oral and written), and project management skills
• Ability to adapt communication style to tailor approach to suit varied stakeholder needs

To express an interest in this opportunity, please apply via Linkedin today or contact Terry Wetters (Founder / Director of Barleycorn) for further details:

07891 708 941 /