Compliance Officer

Compliance Officer

Full-Time 36000 - 60000 £ / year (est.) No home office possible
M

At a Glance

  • Tasks: Support compliance in insurance operations and guide teams on regulatory matters.
  • Company: Join Markel, a Fortune 500 company with a global presence.
  • Benefits: Competitive salary, annual bonus, strong benefits, and 25 days holiday.
  • Why this job: Make a meaningful impact in compliance while growing your career.
  • Qualifications: Experience in insurance compliance and strong communication skills required.
  • Other info: Flexible working patterns and diverse workforce valued.

The predicted salary is between 36000 - 60000 £ per year.

Looking for a role where you will have a meaningful contribution to Markel’s second line compliance? In your role as Compliance Officer – Advisory business partner, you will make a meaningful contribution to Markel’s second line compliance oversight. This role provides a great opportunity to develop and grow your career in an exciting and growing business as part of an established compliance team. Join us and play your part in something special!

The role is part of the International Division Compliance function, which is overseen by the Chief Compliance Officer. The team is well-established with operations in multiple countries, managing all of Markel’s insurance activities outside the U.S. This role will report to the Director of Compliance for UK, London Markets and Canada Divisions.

What You’ll Be Doing

  • Providing key support, compliance guidance and advice to the business trading divisions of Markel’s international insurance operations.
  • This includes oversight and challenge with a solution-oriented mindset to help the division navigate its obligations in a sensible way.
  • Overseeing and advising the first line on implementation of regulatory change, remediation actions and other regulatory compliance matters.
  • Supporting business goals e.g., growth projects, new products or distribution, change delivery.
  • Supporting and guiding key first line functions on regulatory and Lloyd’s requirements.
  • Preparing reports for senior management, Boards and Committees.
  • Supporting the compliance advisory team and involved with compliance risk assessments across the divisions.
  • Keep up to date with regulation – e.g., attend trade body events or use other methods to ensure we are knowledgeable about strategic impacts of developments in the regulatory system.

Our Must-haves

  • Relevant compliance experience in the insurance industry with strong SME knowledge of FCA and PRA rules.
  • Lloyd’s and London market experience is also essential.
  • Licencing knowledge and understanding overseas regulatory capabilities.
  • Can communicate effectively at all levels within the company with a high degree of professionalism.
  • Have strong writing skills and a good grasp of technology to support and automate processes.
  • Have passed or be prepared to complete insurance compliance qualifications relevant to the role.
  • Ongoing development is actively encouraged.
  • Previous exposure to senior stakeholder management would be beneficial.

Who We Are

Markel Group (NYSE – MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world. We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further.

What’s in it for you?

  • A great starting salary plus annual bonus & strong benefits package.
  • 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave.
  • Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer.
  • There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!

Are you ready to play your part? Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you. Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns. We are an equal opportunity employer and value diversity at our company.

We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful.

Please contact us via email at rec@markel.com or call us at 0161 507 5827 to request any accommodations that may be needed.

Compliance Officer employer: Markel

Markel is an exceptional employer that fosters a collaborative and inclusive work culture, offering a competitive salary and comprehensive benefits package, including a fantastic pension scheme and private medical cover. With a strong emphasis on employee development, you will have numerous opportunities to enhance your skills and advance your career within a well-established compliance team in the vibrant city of London, making a meaningful impact in the international insurance sector.
M

Contact Detail:

Markel Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Compliance Officer

✨Tip Number 1

Network like a pro! Reach out to your connections in the insurance industry, especially those who work in compliance. A friendly chat can lead to insider info about job openings or even a referral.

✨Tip Number 2

Prepare for interviews by brushing up on your knowledge of FCA and PRA rules. Show us you’re not just familiar with compliance but that you can also discuss how it impacts business operations. Confidence is key!

✨Tip Number 3

Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.

✨Tip Number 4

Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of our team at Markel. Let’s make it happen!

We think you need these skills to ace Compliance Officer

Compliance Experience in Insurance Industry
Knowledge of FCA and PRA Rules
Lloyd's and London Market Experience
Licensing Knowledge
Understanding of Overseas Regulatory Capabilities
Effective Communication Skills
Strong Writing Skills
Technical Proficiency for Process Automation
Stakeholder Management
Regulatory Change Implementation
Remediation Actions Oversight
Compliance Risk Assessments
Report Preparation for Senior Management
Solution-Oriented Mindset
Adaptability to Regulatory Developments

Some tips for your application 🫡

Tailor Your Application: Make sure to customise your CV and cover letter to highlight your relevant compliance experience in the insurance industry. We want to see how your skills align with the role of Compliance Officer, so don’t hold back on showcasing your knowledge of FCA and PRA rules!

Showcase Your Writing Skills: Since strong writing skills are a must-have for this role, ensure your application is clear, concise, and professional. Use this opportunity to demonstrate your ability to communicate effectively at all levels within the company.

Highlight Your Regulatory Knowledge: We’re looking for someone who keeps up to date with regulations. Mention any relevant qualifications or experiences that show you’re proactive about understanding the regulatory landscape, especially in relation to Lloyd’s and the London market.

Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and get to know you better. Plus, it shows you’re keen to join our team at Markel!

How to prepare for a job interview at Markel

✨Know Your Regulations

Make sure you brush up on FCA and PRA rules, as well as any relevant Lloyd’s and London market regulations. Being able to discuss these confidently will show that you're not just familiar with compliance but are also proactive about staying updated.

✨Showcase Your Communication Skills

Since the role involves liaising with various teams and senior stakeholders, practice articulating your thoughts clearly and professionally. Prepare examples of how you've effectively communicated complex compliance issues in the past.

✨Prepare for Scenario Questions

Expect questions that ask how you would handle specific compliance challenges or regulatory changes. Think through potential scenarios and how you would approach them with a solution-oriented mindset.

✨Highlight Your Team Spirit

Markel values collaboration, so be ready to discuss how you've worked within a team to achieve compliance goals. Share examples that demonstrate your ability to support and guide others while contributing to overall business objectives.

Land your dream job quicker with Premium

You’re marked as a top applicant with our partner companies
Individual CV and cover letter feedback including tailoring to specific job roles
Be among the first applications for new jobs with our AI application
1:1 support and career advice from our career coaches
Go Premium

Money-back if you don't land a job in 6-months

M
Similar positions in other companies
UK’s top job board for Gen Z
discover-jobs-cta
Discover now
>