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- Tasks: Support compliance across Yorkshire and the Northeast, ensuring robust risk management and reporting.
- Company: Join a leading global insurance firm committed to excellence in compliance and customer experience.
- Benefits: Enjoy a hybrid working model with flexibility and opportunities for professional development.
- Why this job: Be part of a dynamic team driving positive change and enhancing customer outcomes in a reputable firm.
- Qualifications: Must have prior compliance experience in insurance and a solid understanding of FCA rules.
- Other info: Opportunity to present at Board level and engage with senior stakeholders.
The predicted salary is between 36000 - 60000 £ per year.
Global Insurance firm is currently looking to expand their UK Compliance division with the addition of a Compliance Business Partner to support the firms’ businesses located across Yorkshire and the Northeast. The position will operate a hybrid working policy with the week split between the office and home and will include some travel.
Role responsibilities:
- Ensure robust monitoring and challenging in the implementation and embedding of the Retail Division key controls. Where concerns and/or breaches are identified, ensure appropriate remediation action is undertaken.
- Ensure the effective and robust operation of the risk management framework, including the identification, monitoring and reporting of key risks and related controls.
- Regularly review Customer Experience MI to identify risks, regulatory concerns and key control inadequacies. Escalate to senior stakeholders, ensuring management are provided with appropriate assistance, as required, to address risks of poor outcomes to customers.
- Proactive engagement with management to drive improvement in key risk indicators such as, but not limited to, file audit completion and pass rates, complaints outcomes, AR oversight, regulatory breaches.
- Ensure effective reporting on risk and compliance matters, ensuring the key issues are raised.
- Present at Board on risk and compliance matters, as required.
- Perform an appropriate level of sample checking of adherence to regulatory requirements and key controls, to identify aspects of non-compliance and assist with the actions to address, as appropriate.
- Build strong relationships with the leaders of the individual businesses.
- Assist with the implementation of regulatory change, including ensuring teammates are provided with guidance on the application of relevant laws, regulations and standards.
- Ensure that teammates are provided with sufficient and appropriate training on risk and regulatory topics.
Personal Attributes & Experience:
- A solid understanding of FCA rules and procedures from either an Insurer or Broker background.
- Prior compliance experience within insurance is essential.
- Expertise offering regulatory advice.
- A skill set that includes high level stakeholder management, analytical, reasoning and IT Skills.
- Ideally qualified to relevant level (Degree / CII Exams).
Compliance Business Partner employer: MERJE
Contact Detail:
MERJE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Business Partner
✨Tip Number 1
Familiarise yourself with the FCA rules and procedures, as this role requires a solid understanding of them. Consider joining relevant online forums or groups where compliance professionals discuss current trends and challenges in the insurance sector.
✨Tip Number 2
Network with professionals in the insurance compliance field, especially those who have experience in Yorkshire and the Northeast. Attend industry events or webinars to connect with potential colleagues and learn more about the local market.
✨Tip Number 3
Prepare to demonstrate your analytical skills during interviews by discussing specific examples of how you've identified and addressed compliance issues in previous roles. This will show your proactive approach to risk management.
✨Tip Number 4
Research the company’s recent compliance initiatives and any regulatory changes affecting the insurance industry. Being knowledgeable about their current challenges will help you engage in meaningful discussions during the interview process.
We think you need these skills to ace Compliance Business Partner
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Compliance Business Partner position. Make sure you understand the key responsibilities and personal attributes required, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasise your prior compliance experience within insurance. Be specific about your understanding of FCA rules and how your background aligns with the requirements of the role.
Showcase Your Skills: Demonstrate your analytical, reasoning, and IT skills in your application. Provide examples of how you've successfully managed stakeholders and improved risk indicators in previous roles.
Tailor Your Cover Letter: Craft a personalised cover letter that addresses the specific needs of the company. Mention your qualifications and how they relate to the role, and express your enthusiasm for contributing to their compliance division.
How to prepare for a job interview at MERJE
✨Know Your Compliance Stuff
Make sure you brush up on FCA rules and procedures, especially those relevant to the insurance sector. Being able to discuss specific regulations and how they apply to the role will show your expertise and confidence.
✨Showcase Your Stakeholder Management Skills
Prepare examples of how you've successfully managed relationships with senior stakeholders in the past. This role requires strong interpersonal skills, so be ready to demonstrate your ability to communicate effectively and drive improvements.
✨Be Ready for Scenario Questions
Expect questions that ask how you would handle specific compliance scenarios or breaches. Think through potential situations and your approach to remediation, as this will highlight your analytical and reasoning skills.
✨Highlight Your Training Experience
Since the role involves providing training on regulatory topics, be prepared to discuss any experience you have in training or mentoring others. Share how you’ve helped teammates understand complex compliance issues in the past.
