At a Glance
- Tasks: Design and execute compliance monitoring plans to ensure regulatory adherence.
- Company: Join a leading insurance firm focused on compliance and quality assurance.
- Benefits: Competitive salary, career development opportunities, and a supportive work environment.
- Why this job: Make a real impact by ensuring the business meets its regulatory obligations.
- Qualifications: Experience in compliance monitoring and strong knowledge of FCA rules required.
- Other info: Dynamic role with opportunities for growth in the UK General Insurance sector.
The predicted salary is between 36000 - 60000 £ per year.
My client is seeking an experienced Compliance Monitoring Business Partner to play a critical role in delivering assurance that the business meets its regulatory obligations. The successful role holder will focus on designing and executing the compliance monitoring plan, supporting Quality Assurance second line testing, identifying risks, and providing actionable insights to strengthen controls across the business.
Key Role Responsibilities:
- Support the development and execution of the annual Compliance Monitoring Plan, ensuring alignment with regulatory priorities and business risk.
- Deliver robust monitoring and assurance activities to assess adherence to Consumer Duty, SM&CR, ICOBS, and other FCA requirements.
- Conduct a variety of monitoring reviews, including targeted, thematic, and recurring assessments, alongside testing of key controls across critical business processes.
- Provide assurance on product governance, fair value assessments, pricing/GIPP adherence, sales practices, marketing and promotion materials and documentation.
- Identify gaps through root cause analysis - producing clear, insightful reports with practical recommendations and agreed remedial actions.
- Support the team to provide second-line assurance over the Commercial department, supporting continuous improvement and regulatory compliance.
- Maintain comprehensive evidence and reporting for all monitoring activities, ensuring accurate action tracking and timely follow-up on remedial actions.
- Produce clear, actionable reporting for the Board, ExCo, and Risk Committee.
Key Skills & Knowledge Required:
- Strong knowledge of FCA rules: SM&CR, PRIN, ICOBS, PROD, SYSC, Consumer Duty, DISP.
- Proven experience in compliance monitoring, testing, and assurance activities.
- Excellent analytical, report writing, influencing and stakeholder engagement skills.
- Considerable experience within the UK General Insurance (GI) sector is preferred.
Compliance Monitoring Business Partner (Insurance) in Manchester employer: Barleycorn
Contact Detail:
Barleycorn Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Monitoring Business Partner (Insurance) in Manchester
✨Tip Number 1
Network like a pro! Reach out to folks in the insurance and compliance sectors on LinkedIn. Join relevant groups and engage in discussions. You never know who might have a lead on your dream job!
✨Tip Number 2
Prepare for interviews by brushing up on FCA rules and regulations. Make sure you can discuss how your experience aligns with the key responsibilities of the role. We want you to shine when it comes to showcasing your skills!
✨Tip Number 3
Don’t just apply and wait! Follow up on your applications after a week or so. A quick email can show your enthusiasm and keep you on their radar. We believe persistence pays off!
✨Tip Number 4
Utilise our website to find roles that match your skills. We’ve got a range of opportunities waiting for you, so don’t hesitate to explore and apply directly through us!
We think you need these skills to ace Compliance Monitoring Business Partner (Insurance) in Manchester
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience with FCA rules and compliance monitoring. We want to see how your skills align with the specific requirements of the Compliance Monitoring Business Partner role.
Showcase Your Analytical Skills: Since this role involves a lot of analysis and reporting, be sure to include examples of your analytical work. We love seeing how you've identified risks and provided actionable insights in your previous roles.
Be Clear and Concise: When writing your application, keep it straightforward and to the point. We appreciate clarity, so make sure your key achievements and experiences stand out without unnecessary fluff.
Apply Through Our Website: We encourage you to apply directly through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss any important updates from us!
How to prepare for a job interview at Barleycorn
✨Know Your Regulations
Make sure you brush up on the FCA rules relevant to the role, like SM&CR and Consumer Duty. Being able to discuss these regulations confidently will show that you’re not just familiar with them, but that you understand their implications for the business.
✨Showcase Your Analytical Skills
Prepare examples of how you've conducted compliance monitoring or testing in the past. Be ready to discuss specific instances where your analytical skills helped identify risks or improve controls. This will demonstrate your hands-on experience and problem-solving abilities.
✨Engage Stakeholders Effectively
Think about how you’ve influenced stakeholders in previous roles. Prepare to share stories that highlight your communication and engagement skills, especially in challenging situations. This will illustrate your ability to work collaboratively across departments.
✨Prepare Insightful Questions
Have a few thoughtful questions ready about the company’s compliance strategies or challenges they face. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.