Compliance Business Partner - Insurance

Compliance Business Partner - Insurance

Full-Time 36000 - 60000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Join our Compliance team to ensure best practices in a dynamic insurance environment.
  • Company: Marsh McLennan is a global leader in risk and strategy, with over 90,000 colleagues worldwide.
  • Benefits: Enjoy hybrid work flexibility, professional development, and a vibrant, inclusive culture.
  • Why this job: Make an impact while collaborating with talented colleagues in a supportive environment.
  • Qualifications: Experience in Compliance within the Insurance industry and strong communication skills are essential.
  • Other info: We embrace diversity and provide reasonable adjustments for candidates with disabilities.

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

Compliance Business Partner – London
We are seeking a talented individual to join our Compliance team at Marsh McLennan. This role will be based in our London offices. This is a hybrid role that has a requirement of working at least three days a week in the office.

  • Do you want to be part of a growing highly skilled Compliance team that strive to ensure the business is achieving best practice and join a truly global organisation that can offer excellent training and career development opportunities
  • This role will partner with the Marsh business to deliver effective oversight and advice, regarding compliance policies, procedures, systems, controls and governance.
  • We are seeking a Compliance Business Partner from an Insurance Broker / Insurer background.

We will rely on you to:

  • Act as a trusted advisor and point of contact for any regulatory or governance queries by providing guidance and steer to the business
  • Attend regular business and governance meetings and provide Compliance updates on regulatory developments, risks and relevant topics and actions
  • Work with the business to develop effective and efficient policies and procedures that will facilitate compliance with regulatory requirements
  • Provide Compliance advice and challenge to colleagues on issues and risks relating to their business or function, including the development and launch of new business models, new products and new functional processes
  • Promote an open line of communication between Compliance and the business to provide the business with updates on current Compliance initiatives and projects
  • Maintain an awareness of regulatory developments and support the business in assessing impacts and provide advice on challenges and proposed implementation
  • Work collaboratively across the Advisory team, providing assistance/support to other team members and proactively sharing information/learnings to benefit the wider team
  • Conduct periodic health checks that provide risk-based oversight and assurance regarding business compliance with policies, procedures, systems, controls and governance requirements

What you need to have:

  • Experience in Compliance within the Insurance industry either with an Insurer or Broker
  • Proven track record in building strong and constructive relationships with business leaders
  • Broad and deep knowledge of the FCA Handbook – Principles, Rules and Guidelines
  • Commercial awareness and focus on the proportionate application of regulation within the insurance industry
  • Strong and confident communicator (verbal and written)
  • Strong organisational and time management skills

What makes you stand out:

  • ACII or other Insurance industry qualification
  • Project management experience
  • University Degree or recognised industry accreditation (for example, ICA Diploma)

Why join our team:

  • We help you be your best through professional development opportunities, interesting work and supportive leaders.
  • We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
  • Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marshmclennan.com, or follow on LinkedIn and X.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at
Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one \”anchor day\” per week on which their full team will be together in person. #J-18808-Ljbffr

Compliance Business Partner - Insurance employer: National African-American Insurance Association (NAAIA)

Marsh McLennan is an exceptional employer that prioritises professional development and fosters a vibrant, inclusive culture in its London office. As a Compliance Business Partner, you will benefit from excellent training opportunities, work alongside talented colleagues, and enjoy the flexibility of a hybrid work model, all while contributing to a global leader in risk and strategy.
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Contact Detail:

National African-American Insurance Association (NAAIA) Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Compliance Business Partner - Insurance

✨Tip Number 1

Familiarise yourself with the FCA Handbook, as this role requires a broad and deep knowledge of its principles, rules, and guidelines. Being able to discuss specific regulations and how they apply to the insurance industry will demonstrate your expertise during interviews.

✨Tip Number 2

Network with professionals in the compliance and insurance sectors. Attend industry events or webinars to connect with potential colleagues and leaders at Marsh McLennan. Building these relationships can provide insights into the company culture and expectations.

✨Tip Number 3

Prepare to discuss your experience in building strong relationships with business leaders. Think of specific examples where you successfully navigated compliance challenges and how you provided effective oversight and advice.

✨Tip Number 4

Stay updated on current regulatory developments in the insurance industry. Being knowledgeable about recent changes and their implications will not only help you in interviews but also show your commitment to the role and the company.

We think you need these skills to ace Compliance Business Partner - Insurance

Compliance Knowledge in Insurance
FCA Handbook Familiarity
Regulatory Awareness
Strong Communication Skills
Relationship Building
Policy Development
Risk Assessment
Organisational Skills
Time Management
Project Management Experience
ACII or Relevant Insurance Qualification
Advisory Skills
Collaboration and Teamwork
Problem-Solving Skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your experience in compliance within the insurance industry. Emphasise any roles where you've built strong relationships with business leaders and your knowledge of the FCA Handbook.

Craft a Compelling Cover Letter: In your cover letter, explain why you're passionate about compliance and how your background aligns with the role. Mention specific experiences that demonstrate your ability to provide effective oversight and advice.

Showcase Communication Skills: Since strong communication is key for this role, include examples in your application that showcase your verbal and written communication skills. This could be through presentations, reports, or team collaborations.

Highlight Relevant Qualifications: If you have any relevant qualifications such as ACII or an ICA Diploma, make sure to mention these prominently in your application. This will help you stand out as a qualified candidate for the Compliance Business Partner position.

How to prepare for a job interview at National African-American Insurance Association (NAAIA)

✨Know Your Compliance Regulations

Familiarise yourself with the FCA Handbook and its principles, rules, and guidelines. Being able to discuss these in detail will demonstrate your expertise and understanding of the regulatory landscape.

✨Showcase Your Relationship-Building Skills

Prepare examples of how you've built strong relationships with business leaders in previous roles. This is crucial for a Compliance Business Partner, as collaboration is key to effective compliance.

✨Demonstrate Commercial Awareness

Be ready to discuss how you apply regulation proportionately within the insurance industry. Showing that you understand the balance between compliance and business needs will set you apart.

✨Prepare for Scenario-Based Questions

Anticipate questions that may ask how you would handle specific compliance challenges or regulatory changes. Practising your responses will help you articulate your thought process clearly during the interview.

Compliance Business Partner - Insurance
National African-American Insurance Association (NAAIA)
N
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