Senior Compliance Specialist, UK

About The Role

Coalition’s Legal and Compliance Department is seeking an experienced and highly motivated Risk and Compliance Specialist to join its fast-moving and growing team. The Risk and Compliance Specialist will be responsible for working with other legal and compliance professionals in monitoring and ensuring adherence to regulatory requirements and procedures throughout Coalition’s organization. The successful candidate will handle a full range of regulatory and compliance matters and serve as a key partner to provide advice to the legal and compliance team, business partners, and insurance and corporate functions. Reporting to Coalition’s Director of Compliance and working with a global team, the candidate will be able to work independently in a fast paced, dynamic environment, with the ability to flex with shifting responsibilities and priorities, and have demonstrated relationship building capabilities, strong operational skills, interpersonal skills, and analytical capabilities. This is a remote opportunity that can be based anywhere in the UK with the ability to travel to our London office occasionally.

Responsibilities

• Review, analyse, and evaluate regulatory developments, newly enacted laws, and other significant industry events, to determine the impact on the business, and communicate the necessary changes to ensure correct implementation is achieved.
• Assess risks and identify potential areas of compliance vulnerability throughout the enterprise.
• Maintain our Risk Register, providing an appropriate challenge to risks, their assessments, and controls, ensuring timely actions are taken to manage all risks within appetite.
• Oversee regulatory breaches, complaints, data protection, financial crime, compliance training, and all other relevant regulatory and legislative requirements.
• Review marketing materials for accuracy and compliance with regulatory requirements.
• Prepare comprehensive reports for the Board and Executive team regarding Risk and Compliance issues.
• Respond to business inquiries by providing sound risk based compliance advice.
• Drive direct authorisation application with the FCA, including using the FCA Connect System, RMAR reporting, and CASS requirements.
• Serve as a Certified Function under SM&CR, accountable for compliance-related activities, including adherence to Individual Conduct Rules.
• Ensure company policies and procedures are effective, monitored, and proportionate, and adhere to applicable laws and regulations, e.g. IDD, GDPR & CPD.
• Provide oversight of corrective action plans developed through business unit self-audits and Compliance audits.
• Test and validate corrective actions to confirm mitigation plans have been properly implemented.
• Prepare accurate and timely responses to insurance consumer complaints received directly from consumers or regulators.
• Participate in preparing materials and information required in response to internal and external carrier or regulatory audits and assist in preparing communication of responses.
• Manage workload, prioritise, and elevate issues where appropriate with little direction.
• Participate in International expansion efforts supporting Compliance and Regulatory obligations.

Skills and Qualifications

• 5+ years of experience in an insurtech or insurance industry; commercial experience preferred (cyber insurance experience a plus).
• High work standards, with the ability to multitask, meet deadlines, and effectively navigate a remote working environment.
• Demonstrated ability to perform legal research of statutory/regulatory requirements.
• Extensive knowledge of regulatory compliance in the UK insurance sector (Consumer Duty, ICOBS, PROD, DISP, SM&CR), including Data Protection laws.
• European insurance experience preferred.
• Experience in 2LOD monitoring, working through the audit process, and directly with regulators.
• Excellent oral and written communication skills, with a track record of presenting to internal stakeholders.
• Strong insurance-related compliance experience in risk assessment, testing, and monitoring, including knowledge of business processes and technologies.
• Previous experience acting in a Certified Function under SM&CR preferred.
• Bachelor’s Degree or equivalent work experience preferred.
• Relevant risk & compliance qualifications (e.g ICA) preferred.

Benefits

• 100% medical coverage, including outpatient care.
• Life insurance.
• 25+ paid holidays.
• Annual home office stipend.
• 7% employer pension contribution.
• Mental and physical health wellness programs like Headspace, Wellhub.
• Competitive compensation and opportunity for advancement.

Anti-Discrimination Notice

Coalition is proud to be an Equal Opportunity employer. Our policy is to provide equal employment opportunities to all individuals, without discrimination or harassment on the basis of any characteristic protected by applicable laws in each country where we operate. This commitment includes, but is not limited to, ensuring equal treatment in recruitment, selection, training, promotion, transfer, compensation, and all other aspects of employment. Coalition does not tolerate discrimination or harassment of any kind, and we are dedicated to fostering an inclusive and supportive workplace.