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- Tasks: Monitor and support compliance with data protection policies, conduct audits, and provide training.
- Company: Join a leading financial institution committed to regulatory excellence.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Why this job: Make a real impact on data protection and compliance in the financial sector.
- Qualifications: Bachelor's degree, 3-6 years in compliance, and knowledge of data protection regulations.
- Other info: Dynamic role with opportunities for growth and collaboration with senior management.
The predicted salary is between 36000 - 60000 £ per year.
This role reports to the Team Lead of Regulatory Compliance. The Regulatory Compliance Section is part of the wider Compliance Department at Income, which also includes the Market Conduct Compliance Section and AML Compliance Section. The Compliance Department reports to the Head of Compliance. The candidate will have the opportunity to work closely with other BUs and stakeholders, including the Head of Compliance and Senior Management, in relation to all compliance matters.
The candidate will be involved in Regulatory Compliance work specialising in Personal Data Protection matters. The candidate should be familiar with compliance functions in the financial industry and be capable of executing the following responsibilities:
- Monitor and support compliance with the Company's personal data protection policies and practices in line with the PDPA.
- Assist in identifying risks related to the collection, use, disclosure, and storage of personal data, assess their impact, and recommend measures to mitigate these risks.
- Maintain documentation such as records of processing activities, privacy checklists, data mapping, legitimate interest assessments, and Data Privacy Impact Assessments (DPIA) to ensure risks are identified and addressed based on business functions and processes.
- Conduct periodic reviews and audits, analyse findings, and work with stakeholders to implement corrective actions for identified gaps.
- Serve as a contact point for data subjects and internal teams on data privacy and security matters, including handling personal data protection-related queries and complaints.
- Support awareness and training initiatives by preparing materials, conducting sharing sessions, and promoting best practices to foster a culture of compliance within the Company.
- Assist in implementing and maintaining data protection policies, procedures, and controls, ensuring they remain effective and up to date.
- Coordinate data breach and incident management, including documentation, reporting, and submission to the PDPC within prescribed timelines.
- Support compliance and personal data programs by monitoring regulatory requirements, identifying areas of non-compliance, and assisting in the development of action plans.
- Provide guidance and training on PDPA and other relevant regulatory requirements, policies, and professional standards.
- Assist with other regulatory and compliance matters as required by Section Head or Team Lead of Regulatory Compliance.
JOB SPECIFICATION AND COMPETENCIES
- At least a Bachelor's degree or above in a relevant discipline.
- Any relevant professional qualification or certification will be an advantage.
- At least 3-6 years of work knowledge and experience in compliance.
- Proficient in compliance advisory on regulations, policies and standards, including knowledge in area of data protection compliance area, privacy management.
- Must be proficient in MS Office and its applications.
Senior Executive, Compliance (Data Protection) in London employer: INCOME INSURANCE LIMITED
Contact Detail:
INCOME INSURANCE LIMITED Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Executive, Compliance (Data Protection) in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the compliance and data protection fields. 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 your knowledge of the PDPA and other relevant regulations. We recommend creating a cheat sheet of key points and examples from your experience that showcase your expertise in compliance. Confidence is key!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and tailor your approach to each one. Quality over quantity, folks!
✨Tip Number 4
Follow up after interviews! A simple thank-you email can go a long way in keeping you top of mind. Share any additional thoughts you have about the role or how you can contribute to their compliance efforts. It shows initiative!
We think you need these skills to ace Senior Executive, Compliance (Data Protection) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Executive, Compliance role. Highlight your experience in data protection and compliance within the financial industry. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about compliance and data protection. Share specific examples of how you've tackled similar challenges in the past – we love a good story!
Showcase Relevant Experience: When filling out your application, be sure to showcase your relevant experience, especially in monitoring compliance and handling data privacy matters. We’re keen on seeing how you’ve made an impact in previous roles.
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 follow the prompts!
How to prepare for a job interview at INCOME INSURANCE LIMITED
✨Know Your Compliance Stuff
Make sure you brush up on your knowledge of data protection regulations, especially the PDPA. Familiarise yourself with compliance functions in the financial industry, as this will show that you understand the landscape and can hit the ground running.
✨Prepare Real-Life Examples
Think of specific instances where you've successfully managed compliance issues or implemented data protection measures. Be ready to discuss how you identified risks, assessed their impact, and what corrective actions you took. This will demonstrate your hands-on experience.
✨Show Your Communication Skills
As a Senior Executive, you'll need to liaise with various stakeholders. Practice articulating complex compliance concepts in simple terms. Highlight any experience you have in conducting training sessions or preparing awareness materials, as this will showcase your ability to foster a culture of compliance.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's current compliance challenges or initiatives. This not only shows your interest in the role but also your proactive approach to understanding how you can contribute to the team’s success.
