Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Support the UK Head of Compliance with regulatory matters and manage compliance functions.
- Company: Join a leading firm focused on governance and regulatory compliance in the insurance sector.
- Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work environment.
- Why this job: Make a real impact by ensuring compliance and promoting ethical practices within the company.
- Qualifications: 5+ years in UK Compliance, preferably in general insurance; relevant qualifications are a plus.
- Other info: Ideal for those passionate about compliance and looking to grow in a dynamic industry.
The predicted salary is between 36000 - 60000 £ per year.
In this role the Compliance Officer will provide the UK Head of Compliance with support across a range of regulatory matters.
About the Role
The Compliance Officer will be responsible for managing and maintaining various compliance functions within the company.
Responsibilities
- Manage and maintain the Company’s Governance, Regulatory and Compliance Timetable.
- Manage and maintain the SMCR requirements for the Company.
- Horizon Scanning: manage the end-to-end process.
- Prepare and submit Regulatory Returns and Attestations, as allocated to the Compliance function (including the PRA and the FCA) work closely with all relevant teams to collate and verify data/information submitted (coordinating activity at firm level as required).
- Monitor the training given to all staff to ensure it covers awareness of relevant laws, rules and standards and the need to comply with these.
- Implement actions points arising from internal audit reviews relating to the compliance function in line with agreed timelines.
- Develop, maintain and improve the methodology for carrying out the above functions.
- Maintain a central compliance repository.
- Assist with Compliance project management as needed.
- Assist the UK Head of Compliance in the provision of the Compliance function.
- Undertake any other reasonable duties as may be required from time to time.
- Maintain compliance with any applicable UK or International statutory or regulatory obligation as required by the role. This includes but not limited to obligations arising from:
- The prudent management of the business.
- Placing due regard on the interests of customers.
- Observing rules on Sanctions and financial crime.
- Regulatory requirements and local licensing restrictions.
- Promoting and following the Group’s whistleblowing procedures.
- Where applicable, following the Company’s Consumer Duty principles to deliver good outcomes for retail customers.
Qualifications
- 5 + years’ experience in a UK Compliance role (general insurance).
- Finance/Insurance / Compliance qualification desirable.
Required Skills
- PRA, FCA and EU regulatory framework.
- Horizon Scanning.
- Preparation of Regulatory Returns.
- Document and report writing and preparation of management information.
- Planning skills (Compliance Plan and methodology).
- Ability to provide advice and guidance to management and other stakeholders.
- Ability to work to deadlines.
Preferred Skills
- Experience in a similar role within the insurance sector.
- Strong analytical skills.
Compliance Officer employer: Next Employment Ltd
Contact Detail:
Next Employment Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Officer
✨Tip Number 1
Familiarise yourself with the PRA and FCA regulations, as well as the specific compliance requirements for the insurance sector. This knowledge will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the compliance field, especially those who have experience in insurance. Attend industry events or join relevant online forums to gain insights and potentially get referrals.
✨Tip Number 3
Stay updated on current trends and changes in compliance regulations by subscribing to industry newsletters or following regulatory bodies on social media. This will show your proactive approach and dedication to continuous learning.
✨Tip Number 4
Prepare to discuss specific examples from your past experience that highlight your skills in managing compliance functions and working with regulatory bodies. Tailoring your responses to reflect the responsibilities outlined in the job description can set you apart.
We think you need these skills to ace Compliance Officer
Some tips for your application 🫡
Highlight Relevant Experience: Make sure to emphasise your 5+ years of experience in a UK Compliance role, particularly within the insurance sector. Use specific examples to demonstrate your familiarity with PRA, FCA, and EU regulatory frameworks.
Tailor Your CV: Customise your CV to reflect the skills and qualifications mentioned in the job description. Focus on your document and report writing abilities, as well as your planning skills related to compliance methodologies.
Craft a Strong Cover Letter: Write a compelling cover letter that outlines your motivation for applying and how your background aligns with the responsibilities of the Compliance Officer role. Mention your experience with horizon scanning and regulatory returns.
Proofread Your Application: Before submitting, carefully proofread your application materials for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for a Compliance Officer.
How to prepare for a job interview at Next Employment Ltd
✨Showcase Your Compliance Knowledge
Make sure to brush up on your knowledge of the PRA, FCA, and EU regulatory frameworks. Be prepared to discuss how these regulations impact the company and demonstrate your understanding of compliance requirements in the insurance sector.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world compliance scenarios. Think of examples from your past experience where you successfully managed compliance issues or implemented new processes.
✨Highlight Your Analytical Skills
Since strong analytical skills are preferred, be ready to discuss how you've used data analysis in your previous roles. Provide specific examples of how your analytical abilities have contributed to compliance improvements or risk management.
✨Demonstrate Your Project Management Experience
As the role involves compliance project management, share your experiences managing projects. Discuss how you coordinated with different teams, met deadlines, and ensured compliance with regulatory obligations.
