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For Companies At a Glance
- Tasks: Be the go-to compliance guru for product development in a dynamic insurance environment.
- Company: Join HDI, a global leader in corporate and specialty insurance with over 120 years of experience.
- Benefits: Enjoy competitive pay, inclusive culture, and opportunities for professional growth.
- Other info: Embrace a diverse workplace that values creativity and collaboration.
- Why this job: Make a real impact by ensuring innovative products meet regulatory standards.
- Qualifications: Experience in product governance and a knack for problem-solving is essential.
The predicted salary is between 60000 - 75000 £ per year.
About us
HDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.
The role
Act as a trusted compliance adviser and business partner, specialising in product development compliance within a UK FCA/PRA regulated environment. Working directly with underwriting teams, this role provides expert guidance to ensure that new products, product changes, and distribution strategies meet regulatory requirements from design through to launch. Responsible for embedding regulatory requirements into product development processes and ensuring all activities performed by the HDI businesses in the UK & Ireland are conducted in accordance with relevant regulations and required standards of legal compliance.
Key accountabilities
- Primary Focus: Product Development Compliance
- Serve as the primary compliance contact for underwriting teams (initially Accident & Health and Delegated Authority) on all product development and product change initiatives.
- Review new products, product changes, and distribution strategies from a compliance perspective, ensuring regulatory expectations are met from design through to launch.
- Assist underwriting teams in completing New Product Risk Assessments and applying relevant internal guidelines impacting product development.
- Embed FCA/PRA regulatory requirements, Consumer Duty obligations, and conduct risk expectations into day-to-day product development processes.
- Advise on the interpretation and practical application of regulatory rules within real-world product development scenarios.
- Maintain accurate and complete documentation of compliance processes, controls, and decision-making within the product development space.
- Escalate material regulatory risks and issues arising from product development appropriately.
- Secondary Focus: Broader Compliance Support
- Provide general advice on FCA regulation, Consumer Duty, and conduct risk as required.
- Support the broader business in understanding and applying regulatory requirements to customer journey activities including design, pricing, distribution, claims, and complaints.
- Deliver compliance training and promote a strong compliance culture across the business.
- Act as a trusted adviser and role model for first-line accountability, promoting good conduct across the business.
Skills & experience
- Experience: Significant experience within product governance and conduct risk; systems, problem solving, negotiation, influencing, sales. Experience within general insurance, preferably specialty lines.
- Problem Solving: Uncovers information to identify causal links. Uses a variety of tools and techniques to break down complex issues and spots trends, patterns, and interdependencies. Assesses risks and identifies solutions.
- Delivery and Accountability: Accountable for own delivery to support overall branch priorities and objectives. Identifies roadblocks that might impact delivery and remains accountable for performance.
- Communicating and Influencing: Positively impacts the actions and decisions of stakeholders, ensuring they are involved throughout. Negotiates confidently without damaging relationships whilst building support and buy-in for ideas. Adapts communication style depending on audience.
- Customer Focus: Develops a deep understanding of the true nature of the customer business and uses this to implement ideas and technical expertise. Ensures customer feedback is acted on so that customer service excellence is not affected. Builds sustainable long-term relationships and spots opportunities to develop business.
Other
As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.
Compliance Business Partner in London employer: HDI
Contact Detail:
HDI Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Business Partner in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at HDI. A friendly chat can open doors and give you insider info on what they're really looking for.
✨Tip Number 2
Prepare for interviews by diving deep into compliance topics relevant to the role. Brush up on FCA/PRA regulations and think of real-world examples where you've tackled compliance challenges. We want to see your expertise shine!
✨Tip Number 3
Showcase your problem-solving skills! Be ready to discuss how you've navigated complex issues in product development or compliance before. We love candidates who can think on their feet and come up with creative solutions.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at HDI.
We think you need these skills to ace Compliance Business Partner in London
Some tips for your application 🫡
Know Your Stuff: Before you start writing, make sure you understand the role and the company. Dive into the job description and highlight key responsibilities and skills. This will help you tailor your application to show how you fit right in with us at HDI.
Be Authentic: We want to see the real you! Don’t just regurgitate your CV; share your experiences and how they relate to the role. Use examples that showcase your problem-solving skills and your understanding of compliance in product development.
Keep It Clear and Concise: While we love a good story, keep your application focused. Use clear language and avoid jargon unless it’s relevant. Make sure your points are easy to follow, so we can quickly see why you’re the perfect fit for our team.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way to ensure it gets to the right people. Plus, you’ll find all the info you need about the role and our company culture there.
How to prepare for a job interview at HDI
✨Know Your Regulations
Make sure you brush up on FCA and PRA regulations before the interview. Understanding these regulations will not only help you answer questions confidently but also show that you're serious about compliance in product development.
✨Showcase Your Problem-Solving Skills
Prepare examples of how you've tackled complex compliance issues in the past. Use the STAR method (Situation, Task, Action, Result) to structure your answers, highlighting your ability to identify risks and implement solutions effectively.
✨Communicate Clearly
Practice articulating your thoughts clearly and concisely. Since the role involves advising underwriting teams, being able to communicate complex regulatory requirements in an understandable way is crucial. Consider doing mock interviews with a friend to refine your delivery.
✨Demonstrate Customer Focus
Be ready to discuss how you’ve used customer feedback to improve compliance processes or product development. This shows that you understand the importance of aligning compliance with customer needs, which is key for this role.