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- Tasks: Join our Compliance team to ensure adherence to regulations and assist with various compliance tasks.
- Company: Direct Commercial is an award-winning motor insurer experiencing exciting growth in Chelmsford.
- Benefits: Enjoy a fully office-based role with opportunities for professional development and teamwork.
- Why this job: Be part of a dynamic team, learn about FCA regulations, and contribute to meaningful compliance efforts.
- Qualifications: A degree-level qualification is required; prior insurance or financial services experience is a plus.
- Other info: This role offers a chance to develop valuable skills in a supportive environment.
The predicted salary is between 30000 - 42000 £ per year.
Direct Commercial are an award-winning commercial motor insurer entering an exciting period of growth. We are looking for a Compliance Admin Assistant based in or around Chelmsford to join our existing Compliance team. We are fully office based at our Chelmsford office.
Business management responsibilities:
- Adhere to Company Policies and Procedures at all times
- Undertake all activities in a professional and ethical manner
- Attend and actively participate in internal meetings (as required)
Individual Conduct Rules:
- To act with integrity.
- To act with due care, skill and diligence.
Role Overview & Responsibilities:
- Active involvement in DCL’s ongoing compliance function including monitoring upcoming regulatory changes and the annual review of DCL’s policies and procedures;
- Develop (over time) an understanding of FCA regulation and its application to UK insurance firms;
- Assist with the administration of DCL’s Complaints Handling process;
- Develop an understanding of the FCA’s Complaint Handling rules (DISP rules);
- Develop an understanding of the Senior Managers and Certification Regime (SMCR);
- Assist with oversight of any changes to Company stationery/e-mail footers in line with Company legislation and FCA regulations;
- Assist with oversight of COI policy and ensure logging of all COI and gifts in accordance with Company procedure and Bribery Act 2010;
- Assist with the ongoing maintenance of the Senior Managers and Certification Regime (SMCR);
- Assist with allocating mandatory compliance training to relevant staff including maintenance of Broker Assess;
- Assist with the preparation of monthly reporting (to management and Insurer partners) as required;
- Undertake ad-hoc Compliance tasks as required.
Skills:
- Excellent team player with the ability to work closely with others to deliver results, identify and resolve issues;
- Excellent organisational skills (ability to prioritise and manage various tasks simultaneously);
- The ability and willingness to learn new skills and upskill quickly to new requirements;
- Excellent written and verbal communication skills;
- Prior experience of the insurance sector or the Financial Services sector desirable but not essential.
Qualifications:
- Degree level qualification required.
Locations
Contact Detail:
Direct Commercial Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Administration & Compliance Assistant Job
✨Tip Number 1
Familiarise yourself with FCA regulations and the Senior Managers and Certification Regime (SMCR). Understanding these frameworks will not only help you in the role but also demonstrate your commitment to compliance during interviews.
✨Tip Number 2
Network with professionals in the insurance and financial services sectors. Attend local industry events or join relevant online forums to connect with others who can provide insights and potentially refer you to opportunities at Direct Commercial.
✨Tip Number 3
Showcase your organisational skills by preparing examples of how you've managed multiple tasks or projects in the past. Be ready to discuss these experiences in detail during any interviews, as they align closely with the responsibilities of the role.
✨Tip Number 4
Demonstrate your willingness to learn by researching current trends in compliance and insurance. Being knowledgeable about recent changes or challenges in the industry can set you apart from other candidates and show your proactive approach.
We think you need these skills to ace Administration & Compliance Assistant Job
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the responsibilities of the Administration & Compliance Assistant role. Emphasise any previous work in compliance, administration, or the insurance sector.
Craft a Strong Cover Letter: Write a cover letter that showcases your understanding of FCA regulations and your enthusiasm for the role. Mention specific examples of how you have demonstrated integrity, diligence, and teamwork in past positions.
Highlight Relevant Skills: In your application, clearly outline your organisational skills and ability to manage multiple tasks. Provide examples of situations where you successfully resolved issues or improved processes.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a compliance role.
How to prepare for a job interview at Direct Commercial Limited
✨Understand the Company and Its Values
Before your interview, take some time to research Direct Commercial and their approach to compliance in the insurance sector. Familiarise yourself with their company policies and values, as this will help you demonstrate your alignment with their culture during the interview.
✨Showcase Your Organisational Skills
Given the role's emphasis on managing various tasks simultaneously, be prepared to discuss specific examples from your past experiences where you successfully prioritised and organised multiple responsibilities. This will highlight your ability to handle the demands of the position.
✨Demonstrate Your Willingness to Learn
The job requires a willingness to learn new skills and adapt quickly. Be ready to share instances where you have taken the initiative to upskill or learn about new regulations, especially in relation to FCA rules or compliance processes.
✨Prepare Questions About Compliance Processes
Prepare thoughtful questions regarding the compliance function at Direct Commercial, such as how they monitor regulatory changes or handle complaints. This shows your genuine interest in the role and your proactive approach to understanding their operations.
