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For Companies At a Glance
- Tasks: Monitor FCA regulations, conduct audits, and support compliance processes.
- Company: Join a dynamic team focused on risk and compliance in the insurance sector.
- Benefits: Enjoy 25 days holiday, pension contributions, and discounts on gym memberships.
- Why this job: Take your compliance career to the next level with impactful responsibilities.
- Qualifications: 2+ years in FCA compliance or audit roles, strong communication skills required.
- Other info: Hybrid work model with excellent growth opportunities and supportive culture.
12 MONTH FTC
£45,000
Hybrid 3 days office-based Monday to Friday 37.5 hours a week
The Role
We are looking for a FCA Compliance Officer to support the Head of Risk & Compliance in providing oversight and MI Quality Compliance recording with all FCA requirements for their Insurance Dealership suppliers. This is an excellent opportunity for someone with experience in FCA Quality Compliance or MI Compliance related roles who is ready to take the next step in their career.
Responsibilities FOR FCA Audit & Compliance Officer
- Monitoring & keep up to date with upcoming changes to regulations applicable FCA legislation, codes of practice, industry guidelines and best practices.
- Work to help reduce risk to the business and make recommendations to enhance the compliance and policies currently in place.
- Support the Compliance Distribution Managers to help ensure their dealerships are working within FCA guidelines.
- Managing 12 month & QTR Audits processes.
- Identify situations that may pose significant compliance and conduct risks and ensure the Dealership Managers and Head of Risk & Compliance are informed.
- Audits: Carry out an agreed number of FCA audits, delivering prompt and clear feedback to the managers in a timely manner and maintain accurate records of all completed audits & highlight any training requirements or action needed.
- Fraud: Support the Compliance team to ensure staff are fully aware of fraud and money laundering rules through regular feedback and training and ensure that the AML processes in place are followed.
- Due Diligence: conduct Due diligence checks for the lenders and introducers.
- Assist the DM’s day to day compliance processes, such as breach investigations, suspicious activity investigations and reporting to the relevant authorities, lender declines etc.
- Support the Head of Risk & Compliance with collating management information (MI) for the monthly and quarterly reports.
Experience
- FCA background ideally with a minimum of 2 years experience in a compliance audit MI role.
- Excellent communication skills, both written and verbal.
- Strong attention to detail, with the ability to work independently and manage multiple priorities.
Superb Benefits Available:
- 25 days base holiday (plus bank holidays) with the option to buy 5 more or carry them over.
- Pension contribution 5% employer.
- Up to 10 additional holiday days on top of your allowance.
- Discounts on products and gym membership discounts through Gym Flex.
- Free flu vouchers in winter, Christmas voucher, and free eye tests every 2 years.
- Cycle to work scheme and a £625 bonus for referring a friend.
- Excellent pension match benefits and private healthcare with Bupa.
- Discounts at local retail outlets and opportunities to win tickets to events.
- Free parking onsite.
Please feel free to contact me directly to discuss the role in more details and the client. I look forward to reviewing your application.
Lisa Farr Associates Recruitment Specialist
FCA Audit & Compliance Officer employer: Farr Associates Recruitment limited
Contact Detail:
Farr Associates Recruitment limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land FCA Audit & Compliance Officer
✨Tip Number 1
Network like a pro! Reach out to your connections in the FCA compliance space. Attend industry events or webinars to meet potential employers and get your name out there. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by brushing up on FCA regulations and compliance best practices. Be ready to discuss how you've tackled compliance challenges in the past. Show them you’re not just a candidate, but the right fit for their team!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. It shows your enthusiasm for the role and reinforces your professionalism.
✨Tip Number 4
Apply through our website for the best chance at landing that FCA Audit & Compliance Officer role. We want to see your application and help you take that next step in your career!
We think you need these skills to ace FCA Audit & Compliance Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the FCA Audit & Compliance Officer role. Highlight your relevant experience in FCA compliance and MI roles, and don’t forget to showcase your attention to detail and communication skills!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to the responsibilities listed in the job description, and show us your enthusiasm for the position.
Showcase Your Regulatory Knowledge: Since this role involves keeping up with FCA regulations, make sure to mention any relevant training or certifications you have. We want to see that you’re proactive about staying informed on industry guidelines and best practices.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Farr Associates Recruitment limited
✨Know Your FCA Regulations
Make sure you brush up on the latest FCA regulations and guidelines relevant to the role. Being able to discuss recent changes or updates shows that you're proactive and genuinely interested in compliance.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific compliance scenarios. Think of examples from your past experience where you identified risks or improved processes, and be ready to share those stories.
✨Showcase Your Attention to Detail
In a compliance role, attention to detail is crucial. During the interview, highlight instances where your meticulous nature helped prevent issues or improved compliance outcomes. This will demonstrate your fit for the position.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's compliance culture and how they handle audits. This not only shows your interest but also helps you gauge if the company aligns with your values and work style.
