At a Glance
- Tasks: Ensure compliance with regulations and manage delegated agreements in a dynamic insurance environment.
- Company: Join a top-performing specialty insurer with a strong reputation.
- Benefits: Competitive salary, potential for permanent role, and professional development opportunities.
- Other info: Collaborative team culture with opportunities for growth and learning.
- Why this job: Make a real impact by ensuring compliance and supporting business activities.
- Qualifications: 5+ years in compliance, insurance knowledge, and relevant qualifications preferred.
The predicted salary is between 36000 - 60000 £ per year.
Newly created Compliance Officer vacancy working with a top-performing specialty insurance group operating within the Lloyd’s Market. Reporting into the Head of Compliance, you will provide second-line compliance oversight of delegated authority and MGA arrangements, ensuring adherence to FCA, PRA, and Lloyd’s regulatory requirements.
Key Responsibilities:
- Support and enhance compliance and delegated authority oversight frameworks.
- Deliver second-line oversight of MGA/delegated underwriting, claims, and distribution activities, ensuring FCA and PRA compliance.
- Support onboarding, due diligence, and governance approvals for MGA and delegated authority arrangements.
- Review MI, monitor regulatory and conduct risks, and escalate material issues where appropriate.
- Conduct compliance monitoring, thematic reviews, and maintain compliance systems, procedures, and registers.
- Assess regulatory developments, conflicts of interest, and AR structures to mitigate compliance risk.
- Promote a strong compliance culture and support the wider Compliance team.
Key Experience and Skills:
- Experienced in carrying out due diligence of onboarding MGA’s, Coverholders and AR’s;
- Insurance industry knowledge is essential, ideally within the London Market.
Compliance Officer in Slough employer: Edenbrook
Edenbrook is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for professionals in the financial reporting sector. With a strong commitment to employee development, we offer numerous growth opportunities and support for continuous learning, all while working in a dynamic environment that values integrity and excellence. Located in a vibrant area, our team enjoys a balanced work-life experience alongside competitive benefits tailored to enhance both personal and professional well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Officer in Slough
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry and let them know you're on the hunt for a Compliance Officer role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the FCA Handbook and related regulations. We want you to be able to discuss compliance issues confidently, so practice answering common interview questions and think about how your experience aligns with the job description.
✨Tip Number 3
Showcase your skills! When you get the chance to meet potential employers, highlight your experience with compliance monitoring systems and your ability to manage delegated agreements. We want them to see how you can add value to their team right away.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged in their job search.
We think you need these skills to ace Compliance Officer in Slough
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Compliance Officer role. Highlight your experience in compliance, especially within insurance, and any relevant qualifications you have. We want to see how your skills match what we're looking for!
Showcase Your Knowledge:In your cover letter, showcase your knowledge of the FCA Handbook and other relevant regulations. We love seeing candidates who understand the ins and outs of compliance, so don’t hold back on sharing your expertise!
Be Clear and Concise:When writing your application, keep it clear and concise. Use bullet points where possible to make it easy for us to read. We appreciate straightforward communication, especially when it comes to compliance matters!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at Edenbrook
✨Know Your Regulations
Make sure you brush up on the FCA Handbook, FSMA, and any other relevant regulations before your interview. Being able to discuss these confidently will show that you’re not just familiar with compliance but that you’re passionate about it.
✨Showcase Your Experience
Prepare specific examples from your past roles where you successfully managed compliance risks or improved processes. This will help demonstrate your hands-on experience and how you can bring value to their team.
✨Ask Insightful Questions
Think of questions that show your interest in the company’s compliance culture and challenges. For instance, ask about their current compliance monitoring systems or how they handle regulatory changes. This shows you’re proactive and engaged.
✨Be Ready for Scenario-Based Questions
Expect to be asked how you would handle specific compliance scenarios. Prepare by thinking through potential challenges you might face in the role and how you would address them. This will highlight your problem-solving skills and readiness for the position.
