Compliance Assurance Officer - York
Compliance Assurance Officer - York

Compliance Assurance Officer - York

Full-Time 45000 - 63000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Ensure compliance with regulations and improve customer experiences through second line assurance activities.
  • Company: Join Benenden Health, a community-focused organisation with over 850,000 members and a rich 119-year history.
  • Benefits: Enjoy hybrid working, up to 35 days holiday, free health membership, and discounts on retailers.
  • Why this job: Be part of a team dedicated to doing the right thing and making a positive impact.
  • Qualifications: Experience in compliance, strong communication skills, and attention to detail are essential.
  • Other info: Weekly office attendance required; enjoy a vibrant workplace culture with various employee engagement events.

The predicted salary is between 45000 - 63000 £ per year.

Do you want a career within a business that is not driven by profit, but by providing excellent service? A career within a business that is sustained by a genuine community, with everyone coming together to support each other? A career with an amazing history and a bright future? With a 119-year history, a mutual ethos and over 850,000 members, Benenden Health is a unique place to work. Whatever the department, no 2 days are ever the same and the opportunities are as diverse as the members we serve.

Benenden Health has exciting opportunities within its Governance and Assurance team for a Senior Compliance Manager. This role will provide second line assurance that the regulated businesses are complying with FCA/PRA obligations, with a specific focus on the Consumer Duty, and to drive conversions with first line that deliver good consumer outcomes and improve consumer experiences.

The postholder will:

  • Carry out risk-based second line assurance activities, including:
  • Delivery of the Compliance Monitoring Plan
  • Feedback to the 1st line on the Consumer Duty Management Pack
  • Compliance oversight and input to the annual Board Consumer Duty report
  • Act as the primary point of contact for all Consumer Duty matters
  • Ensure that any Consumer Duty related issues are identified, addressed and appropriate actions are taken to ensure good customer outcomes are achieved
  • Support reporting requirements to the relevant Executive and Board Committees
  • Support the review of compliance policies and processes
  • Support with the review and approval of financial promotions
  • Represent the Compliance team on new product development projects
  • Drive continuous improvement across the business, adding value to improve regulatory and customer outcomes
  • Maintain regulatory knowledge and good practice
  • You will have skills and experience in:

    • Compliance, preferably within the insurance sector
    • Strong communication skills with the ability to build and develop relationships at all levels
    • Investigation skills, with the tenacity to get to the root of any concerns
    • Attention to detail with the ability to summarise monitoring and assessment findings in written reports
    • Ability to analyse a range of data, complete root cause analysis and share findings with management
    • Detailed understanding of FCA handbook

    The Benenden Health office is based in York and whilst there will be an opportunity to work from home, this role is offered on a hybrid basis and there will be a requirement of weekly attendance at the office.

    Working for a business with such a strong commitment to ‘doing the right thing’, you can expect a broad range of benefits, including:

    • Free Corporate Benenden Health membership
    • Free Corporate Benenden Cash plan (helps towards Dental, optical and complimentary therapies)
    • Free onsite car parking
    • Up to 35 days’ holiday including bank holiday and no weekend or bank holidays working
    • Pension with up to 10% employer contributions
    • Discount available on other Benenden products
    • Employee Assistance Program
    • Unlimited access to £500 Refer a Friend Bonus Scheme
    • Discount and cash back on hundreds of high-street retailers
    • Opportunity for hybrid working
    • Excellent training and career progression opportunities
    • Cycle to work scheme
    • Free hot drinks
    • Free fruit
    • Employee engagement events
    • Supporting local charities
    • Onsite First Aiders and Mental Health First Aiders
    • Free onsite gym

    For further information on this role, please refer to the Role Profile.

    Compliance Assurance Officer - York employer: Benenden Health

    Benenden Health is an exceptional employer, deeply rooted in a mutual ethos and dedicated to providing outstanding service to its 850,000 members. Located in the vibrant city of York, employees benefit from a supportive work culture that prioritises community, well-being, and professional growth, alongside a comprehensive benefits package including generous holiday allowances, free health memberships, and hybrid working options. With a commitment to continuous improvement and employee engagement, Benenden Health offers a fulfilling career path for those looking to make a meaningful impact in the compliance sector.
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    Contact Detail:

    Benenden Health Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Compliance Assurance Officer - York

    ✨Tip Number 1

    Familiarise yourself with the FCA and PRA regulations, especially the Consumer Duty. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to compliance and consumer outcomes.

    ✨Tip Number 2

    Network with professionals in the compliance field, particularly those who have experience in the insurance sector. Engaging with industry peers can provide insights into best practices and may even lead to referrals for the position.

    ✨Tip Number 3

    Prepare to discuss specific examples of how you've driven compliance improvements in previous roles. Highlighting your investigation skills and attention to detail will showcase your ability to contribute effectively to the Compliance Assurance team.

    ✨Tip Number 4

    Research Benenden Health's values and community focus. Being able to articulate how your personal values align with their mission will set you apart as a candidate who is genuinely interested in contributing to their unique culture.

    We think you need these skills to ace Compliance Assurance Officer - York

    Compliance Knowledge
    FCA Handbook Understanding
    Risk Assessment Skills
    Communication Skills
    Relationship Building
    Investigation Skills
    Attention to Detail
    Data Analysis
    Root Cause Analysis
    Report Writing
    Regulatory Knowledge
    Continuous Improvement Mindset
    Project Management
    Consumer Duty Expertise

    Some tips for your application 🫡

    Understand the Role: Thoroughly read the job description for the Compliance Assurance Officer position. Make sure you understand the key responsibilities and required skills, particularly those related to compliance and consumer duty.

    Tailor Your CV: Customise your CV to highlight relevant experience in compliance, especially within the insurance sector. Emphasise your communication skills, attention to detail, and any specific achievements that align with the role's requirements.

    Craft a Compelling Cover Letter: Write a cover letter that reflects your passion for the role and the values of Benenden Health. Discuss how your background and skills make you a perfect fit for the Compliance Assurance Officer position, and mention your commitment to delivering good consumer outcomes.

    Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application demonstrates professionalism and attention to detail, which are crucial for this role.

    How to prepare for a job interview at Benenden Health

    ✨Understand the Compliance Landscape

    Familiarise yourself with the FCA and PRA regulations, especially the Consumer Duty. Being able to discuss these topics confidently will show your commitment to compliance and your understanding of the role.

    ✨Demonstrate Strong Communication Skills

    Prepare examples of how you've effectively communicated complex compliance issues in the past. This role requires building relationships at all levels, so showcasing your interpersonal skills is key.

    ✨Showcase Your Investigation Skills

    Be ready to discuss specific instances where you've identified compliance issues and how you addressed them. Highlight your tenacity in getting to the root of concerns, as this is crucial for the position.

    ✨Prepare for Scenario-Based Questions

    Think about potential scenarios related to compliance challenges and how you would handle them. This will demonstrate your analytical skills and ability to apply your knowledge in real-world situations.

    Compliance Assurance Officer - York
    Benenden Health
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    • Compliance Assurance Officer - York

      Full-Time
      45000 - 63000 £ / year (est.)

      Application deadline: 2027-04-01

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      Benenden Health

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