At a Glance
- Tasks: Support compliance monitoring and regulatory reporting while gaining broad exposure across the compliance function.
- Company: Specialist London Market insurance broker with a strong international presence.
- Benefits: Competitive salary, hybrid work model, and clear career progression opportunities.
- Other info: Pathway to progress into a Compliance Officer role with ongoing professional development.
- Why this job: Kickstart your compliance career in a dynamic environment with real impact on the insurance industry.
- Qualifications: Experience in commercial insurance broking and a keen interest in compliance.
The predicted salary is between 40500 - 49500 £ per year.
An excellent opportunity has arisen with a specialist London Market insurance broker, part of a wider international insurance group, for a Compliance Analyst to join its growing compliance function.
This is a particularly good opportunity for someone with insurance broking experience who has developed an interest in compliance and is looking to build a long-term career within the function.
The role will work closely with the existing Compliance Officer, supporting the delivery of the Compliance Monitoring Plan, Quality Assurance framework, regulatory reporting and management information across the business. Crucially, there is a clear pathway to progress into a Compliance Officer position. This role is designed for someone who wants to develop their technical compliance knowledge, take on increasing responsibility and progress their career rather than remain at an analyst level.
What you'll be doing
- Supporting the Compliance Monitoring Plan, particularly Quality Assurance across broking, claims and underwriting
- Monitoring compliance with FCA, Group and internal policies and procedures
- Supporting regulatory horizon scanning and assessing the impact of regulatory change
- Supporting Consumer Duty and Product Governance activity
- Assisting with FCA regulatory reporting and management information
- Preparing MI and reports for senior management and Board-level stakeholders
- Supporting product reviews and Product Governance data collection
- Monitoring financial crime, sanctions, financial promotions and conflicts of interest
- Supporting the investigation and management of complaints, breaches and errors & omissions
- Maintaining risk and control registers
- Supporting compliance training across the business
- Attending the monthly Quality Assurance Committee
- Helping maintain effective systems and controls across the business
What we're looking for
- Insurance broking experience is important for this role.
- We're particularly interested in candidates who understand how a commercial insurance broker operates, how risks are placed and distributed, and the regulatory considerations that come with working within the London Market.
- You may already be working in a compliance role, or you could be coming from a broking, QA, risk or governance background and looking to make a move into compliance.
- Experience within commercial insurance broking / the London Market
- An understanding of how commercial insurance is placed and the distribution chain
- Some exposure to compliance monitoring, QA, risk or governance
- An understanding of the key regulatory risks facing insurance brokers
- Good communication skills and the confidence to work with stakeholders across the business
- A genuine interest in developing a career in compliance
Compliance Analyst in Slough employer: IDEX Consulting Ltd
IDEX Consulting Ltd is an excellent employer that values innovation and integrity, offering a dynamic work culture where compliance and operational excellence are at the forefront of business growth. With flexible working arrangements and a commitment to employee development, team members are empowered to shape processes and drive meaningful change within the insurance sector. Join us in a role that not only challenges you but also rewards your contributions in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Analyst in Slough
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like IDEX Consulting Ltd looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Analyst in Slough
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at IDEX Consulting Ltd. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at IDEX Consulting Ltd
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with IDEX Consulting Ltd’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
