At a Glance
- Tasks: Support compliance with regulations and internal policies while conducting audits and risk assessments.
- Company: Join a rapidly growing Insurance Group known for its underwriting and claims services.
- Benefits: Enjoy hybrid working options and occasional travel opportunities within the UK and abroad.
- Why this job: Be part of a vital role that shapes compliance culture and impacts business success.
- Qualifications: Experience in compliance within Insurance or Financial Services and knowledge of UK GDPR required.
- Other info: Opportunity to train and support employees on data protection compliance.
The predicted salary is between 36000 - 60000 £ per year.
This vital role supports this Insurance Group with its responsibilities to comply with regulatory requirements, internal policies and procedures, and meeting the expectations of business partners through due-diligence requests and audits. Indicative of the importance of this role to the business, this is an additional role to support the Compliance Manager.
As Compliance Officer you will support our rapidly growing Insurance Client who provides underwriting and claims services. It is possible to work on a hybrid basis, balancing between working at home and in the office. There may be a requirement to travel occasionally to other offices in the UK and overseas.
The main tasks of the Compliance Officer role include:
- Identification, monitoring and mitigation of compliance, and data protection risks across the business.
- Compliance monitoring reviews in accordance with the annual compliance monitoring programme.
- Audits and risk assessments to help the business understand compliance risk, scope, and significance.
- Review and provide feedback to the business on breaches and incidents.
- Support the review, maintenance, and organisation of related compliance policies and ensuring the policies are up to date with the relevant laws.
- Collaborate with stakeholders to help create a culture of compliance.
- Provide real-time compliance advice, with regards to the rules, regulation and internal policies that govern the business.
- Prepare compliance related management information for senior management.
- Undertake business reviews to determine compliance with data protection regulations, data security and other related areas, recommending process improvements.
- Draft and review data protection-related documents and contracts, as required.
- Provide knowledge and understanding to train, coach, and support employees on data protection compliance requirements, where required.
To be successful as Compliance Officer you will demonstrate:
- Compliance experience within the Insurance or Financial Services Industry.
- Good understanding of relevant legislation including the UK GDPR.
- Ability to simplify and effectively communicate applicable legislation, regulations, and policies.
- Critical problem solving ability.
- Excellent verbal and written communication and the ability to challenge at all levels.
- Ability to build relationships with other business units.
- Strong report writing and presentation skills.
Compliance Officer in Norwich employer: Employment Specialist
Contact Detail:
Employment Specialist Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Officer in Norwich
✨Tip Number 1
Familiarise yourself with the specific compliance regulations relevant to the insurance industry, particularly the UK GDPR. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the role.
✨Tip Number 2
Network with professionals in the compliance field, especially those working in insurance or financial services. Attend industry events or join online forums to gain insights and potentially get referrals that could lead to an interview.
✨Tip Number 3
Prepare to discuss real-life scenarios where you've identified and mitigated compliance risks. Having concrete examples ready will showcase your problem-solving skills and your ability to apply your knowledge practically.
✨Tip Number 4
Research StudySmarter and our values, particularly how we approach compliance and data protection. Tailoring your conversation to align with our mission can make a strong impression during the interview process.
We think you need these skills to ace Compliance Officer in Norwich
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Compliance Officer in the insurance sector. Familiarise yourself with compliance regulations, especially UK GDPR, and how they apply to the role.
Tailor Your CV: Highlight your relevant experience in compliance within the insurance or financial services industry. Emphasise your understanding of legislation and your ability to communicate complex regulations clearly.
Craft a Strong Cover Letter: In your cover letter, explain why you're passionate about compliance and how your skills align with the job requirements. Mention specific examples of how you've successfully managed compliance risks or improved processes in previous roles.
Proofread Your Application: Ensure that your CV and cover letter are free from errors. A well-written application reflects your attention to detail, which is crucial for a Compliance Officer. Consider asking someone else to review your documents before submission.
How to prepare for a job interview at Employment Specialist
✨Know Your Compliance Legislation
Make sure you have a solid understanding of the UK GDPR and other relevant regulations. Be prepared to discuss how these laws impact the insurance industry and provide examples of how you've applied this knowledge in previous roles.
✨Demonstrate Problem-Solving Skills
Prepare to showcase your critical problem-solving abilities. Think of specific instances where you've identified compliance risks and successfully mitigated them, as this will highlight your proactive approach to compliance.
✨Communicate Clearly and Effectively
Since excellent verbal and written communication is key for this role, practice articulating complex compliance concepts in simple terms. This will demonstrate your ability to communicate effectively with stakeholders at all levels.
✨Showcase Your Relationship-Building Skills
Be ready to discuss how you've built relationships with other business units in the past. Highlight any collaborative projects that required you to work closely with different teams to foster a culture of compliance.