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- Tasks: Support compliance across Yorkshire and the Northeast, ensuring robust risk management and regulatory adherence.
- Company: Join a leading global insurance firm committed to excellence and integrity in compliance.
- Benefits: Enjoy hybrid working, travel opportunities, and a supportive team environment.
- Other info: Opportunity to present at Board level and engage with senior stakeholders.
- Why this job: Make a real impact on customer outcomes while developing your skills in a dynamic industry.
- Qualifications: Must have compliance experience in insurance and a solid understanding of FCA rules.
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).
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, especially those relevant to the insurance sector. This knowledge will not only help you in interviews but also demonstrate your commitment to compliance.
✨Tip Number 2
Network with professionals in the compliance field, particularly those who work in insurance. Attend industry events or join relevant online forums to build connections that could lead to valuable insights or referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed compliance issues in the past. Highlight your analytical skills and ability to engage with stakeholders effectively, as these are crucial for the role.
✨Tip Number 4
Research the company’s recent compliance challenges or regulatory changes they’ve faced. Being informed about their current situation will allow you to tailor your discussions and show that you're proactive and well-prepared.
We think you need these skills to ace Compliance Business Partner
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant compliance experience, particularly within the insurance sector. Emphasise your understanding of FCA rules and any specific achievements in risk management or regulatory compliance.
Craft a Compelling Cover Letter: In your cover letter, explain why you are interested in the Compliance Business Partner role. Discuss your experience with stakeholder management and how you've successfully implemented compliance measures in previous roles.
Showcase Analytical Skills: Provide examples in your application that demonstrate your analytical skills and ability to identify risks. Mention any specific tools or methodologies you have used to monitor compliance and manage risks effectively.
Highlight Training Experience: If you have experience in training teammates on regulatory topics, make sure to include this in your application. Detail how you have contributed to building a culture of compliance within your previous organisations.
How to prepare for a job interview at MERJE
✨Know Your Compliance Regulations
Make sure you have a solid understanding of FCA rules and procedures. Brush up on the latest regulations relevant to the insurance sector, as this will demonstrate your expertise and readiness for the role.
✨Showcase Your Stakeholder Management Skills
Prepare examples of how you've effectively managed relationships with senior stakeholders in previous roles. Highlight your communication skills and ability to drive improvements in key risk indicators.
✨Demonstrate Analytical Thinking
Be ready to discuss how you've used analytical skills to identify risks and compliance issues in past experiences. Prepare to explain your thought process when reviewing Customer Experience MI and how you addressed any concerns.
✨Prepare for Scenario-Based Questions
Expect questions that ask how you would handle specific compliance challenges or breaches. Think through potential scenarios and your approach to remediation actions, ensuring you can articulate your reasoning clearly.