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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: Gain valuable experience in compliance while working in a supportive and dynamic environment.
- Qualifications: A degree-level qualification is required; prior insurance or financial services experience is a plus.
- Other info: This role offers a chance to learn about FCA regulations and develop essential skills.
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
Compliance and Administration Assistant employer: Direct Commercial Limited
Contact Detail:
Direct Commercial Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance and Administration Assistant
✨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, as they are crucial for the Compliance Admin Assistant role.
✨Tip Number 4
Demonstrate your willingness to learn by researching current trends in compliance and administration within the insurance sector. Being knowledgeable about recent changes can set you apart from other candidates and show your proactive approach.
We think you need these skills to ace Compliance and Administration Assistant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Compliance and Administration Assistant role. Emphasise any previous work in compliance, administration, or the insurance sector, even if it's not extensive.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the responsibilities and skills mentioned in the job description. Show your enthusiasm for the role and how your background makes you a great fit for Direct Commercial.
Highlight Relevant Skills: In your application, focus on your organisational skills, ability to work in a team, and willingness to learn. Provide examples of how you've demonstrated these skills in past roles or experiences.
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 Compliance Landscape
Familiarise yourself with FCA regulations and the specific compliance requirements for insurance firms. Showing that you have done your homework on these topics will demonstrate your commitment to the role.
✨Highlight Your Organisational Skills
Be prepared to discuss how you manage multiple tasks and prioritise effectively. Use examples from your past experiences to illustrate your organisational abilities, as this is crucial for the role.
✨Showcase Teamwork and Communication
Since the role requires collaboration, be ready to share instances where you successfully worked in a team. Emphasise your communication skills, both written and verbal, as they are essential for this position.
✨Demonstrate a Willingness to Learn
Express your eagerness to learn about compliance and administration processes. Mention any relevant courses or training you've undertaken, and convey your enthusiasm for upskilling in the insurance sector.
