At a Glance
- Tasks: Ensure compliance and manage risks in business partner relationships.
- Company: Join a leading firm focused on regulatory excellence and market reputation.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on innovation and continuous improvement.
- Why this job: Make a real impact by driving compliance and enhancing customer awareness.
- Qualifications: Experience in compliance or audit within financial services; strong analytical skills.
The predicted salary is between 49500 - 60500 £ per year.
As the Distribution Assurance Officer you will be part of the 2Lo D oversight and governance of the regulatory and business risks relating to our business partner relationships in accordance with a risk-based methodology and plan, to maintain the regulatory compliance and market reputation of ARAG UK.
Working closely with key internal stakeholders, the Distribution Assurance Officer will identify risk, evaluate impact and plan an appropriate risk assessment strategy, which may include a full on-site review of the business partner’s controls.
The Distribution Assurance Officer will evaluate findings, identify recommendations and effectively communicate output to business partners and internal stakeholders.
Working with internal stakeholders, they will ensure recommendations and actions are actively progressed and risk is managed.
The role is an important function for providing positive challenge to ensure that we are minimising risks and maximising opportunities to drive customer awareness, understanding and accessibility of our products in partnership with our BPs and in line with our regulatory responsibilities.
Key responsibilities
- Work closely and collaboratively with internal stakeholders and analyse business data to identify risk associated with our business partner and distributor arrangements and, using a risk-based methodology, assist the Distribution Assurance Manager to plan an assessment strategy appropriate to the level of risk presented.
- Complete reviews and analysis of ARAG UK business partners and distributors in accordance with the risk-based distribution oversight methodology.
- This will include, amongst other things;
- reviewing the distributors compliance policies and processes
- carrying out website audits
- auditing call centre activity
- Experience working in the financial services or legal industry, in either a compliance, audit, or QA function.
- Evidence of auditing and feedback experience.
- Evidence of effective problem solving and decision-making skills.
- Evidence of ability to analyse and interpret data from customer, and financial and operational data.
- Understanding of the UK regulatory framework for financial services, in particular the FCA, including ICOBS, IDD & PROD Manual.
- Experience of influencing and effective collaboration with functions and stakeholders outside of immediate control
- Strong communication and relationship building skills including inspiring trust and influencing; constructively challenging points of view; communicating information in a clear and commercial manner; adapting style and content for different audiences.
- A tenacious and effective approach to exceeding targets (both individually and through a team).
- Evident passion for area of expertise, delivery and sharing of best practice.
- Business acumen (including good understanding of internal and external markets and best practice) and strong commercial awareness.
- Drives delivery when working with ambiguity and change.
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Compliance Assurance Officer employer: Das Group
Das Group is an excellent employer, offering a dynamic work culture in Bristol that fosters innovation and collaboration. Employees benefit from continuous growth opportunities and a supportive environment where their contributions are valued, making it an ideal place for those looking to make a meaningful impact through technology.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Assurance Officer
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Das Group looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Assurance Officer
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Das Group. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Das Group
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Das Group’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
