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- 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 contributing to a culture of integrity.
- Qualifications: 5+ years in UK Compliance, preferably in general insurance; relevant qualifications are a plus.
- Other info: Experience with PRA, FCA, and EU regulations is essential for this role.
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. The Compliance Officer will be responsible for managing and maintaining various compliance functions within the company.
- Manage and maintain the Company’s Governance, Regulatory and Compliance Timetable.
- 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.
- 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.
- Maintain compliance with any applicable UK or International statutory or regulatory obligation as required by the role.
- Prudent management of the business.
- Observing rules on Sanctions and financial crime.
- Regulatory requirements and local licensing restrictions.
5 + years’ experience in a UK Compliance role (general insurance). Finance/Insurance / Compliance qualification desirable. PRA, FCA and EU regulatory framework. Preparation of Regulatory Returns. Document and report writing and preparation of management information. Planning skills (Compliance Plan and methodology).
Compliance & Risk Officer Compliance & Risk Officer employer: Next Employment Ltd
Contact Detail:
Next Employment Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance & Risk Officer Compliance & Risk Officer
✨Tip Number 1
Make sure you network with professionals in the insurance compliance sector. Attend industry events or webinars where you can meet people who work in similar roles. This can help you gain insights into the company culture and possibly get a referral.
✨Tip Number 2
Familiarise yourself with the latest regulatory changes from the PRA and FCA. Being knowledgeable about current regulations will not only boost your confidence but also demonstrate your commitment to staying updated in the field.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed compliance functions in previous roles. Think about challenges you've faced and how you overcame them, as this will show your problem-solving skills and experience.
✨Tip Number 4
Research StudySmarter's approach to compliance and risk management. Understanding our values and how we operate will allow you to tailor your discussions during interviews, showing that you're genuinely interested in being part of our team.
We think you need these skills to ace Compliance & Risk Officer Compliance & Risk Officer
Some tips for your application 🫡
Highlight Relevant Experience: Make sure to emphasise your 5+ years of experience in a UK Compliance role, particularly in general insurance. Use specific examples that demonstrate your expertise in managing compliance functions and regulatory matters.
Showcase Regulatory Knowledge: Demonstrate your understanding of the PRA, FCA, and EU regulatory frameworks. Mention any relevant qualifications you hold and how they relate to the responsibilities outlined in the job description.
Detail Your Skills: Include specific skills that are relevant to the role, such as document and report writing, planning skills, and project management. Provide examples of how you've successfully implemented compliance actions or managed compliance projects in the past.
Tailor Your Application: Customise your CV and cover letter to align with the job description. Address the key responsibilities and requirements mentioned, ensuring that your application reflects your suitability for the Compliance & Risk Officer position.
How to prepare for a job interview at Next Employment Ltd
✨Showcase Your Relevant Experience
Make sure to highlight your 5+ years of experience in a UK Compliance role, particularly in general insurance. Be prepared to discuss specific examples of how you've managed compliance functions and regulatory matters in previous positions.
✨Understand Regulatory Frameworks
Familiarise yourself with the PRA, FCA, and EU regulatory frameworks. During the interview, demonstrate your knowledge of these regulations and how they apply to the role, as this will show your preparedness and expertise.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in compliance scenarios. Prepare examples where you successfully implemented compliance measures or handled regulatory challenges, showcasing your analytical and planning skills.
✨Emphasise Team Collaboration
Since the role involves working closely with various teams, be ready to discuss your experience in collaborating with different departments. Highlight how you’ve coordinated activities and ensured compliance across the organisation.
