At a Glance
- Tasks: Evaluate risks and ensure compliance in business partner relationships.
- Company: ARAG UK, a leader in regulatory compliance and risk management.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Dynamic role with opportunities for growth and influence across the organisation.
- Why this job: Make a real impact by minimising risks and maximising opportunities for customers.
- Qualifications: Experience in compliance, audit, or QA within financial services or legal sectors.
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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Distribution 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 Distribution Assurance Officer
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Das Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Distribution Assurance Officer
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Das Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Das Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Das Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Das Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Das Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Das Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
