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- Tasks: Support compliance and risk management while ensuring legal obligations are met.
- Company: Join a leading firm in the insurance sector, committed to regulatory excellence.
- Benefits: Enjoy flexible working with 2-3 days in London and competitive salary.
- Why this job: Make a real impact on compliance and client outcomes in a dynamic environment.
- Qualifications: Experience in regulated environments, especially in insurance, is essential.
- Other info: Must have a notice period of 6 weeks or shorter and recent industry expertise.
The predicted salary is between 40000 - 56000 £ per year.
Job Title: Senior Compliance Analyst
Duration: 12 month fixed-term contract
Rate / Salary: £50,000-70,000 annual salary
Location: London / home based (2-3 days in the central London office per week plus home working)
The Role:
The purpose of this position is to support the Risk Management & Compliance Department and Board of Management in advising the business and delivering key legal and regulatory obligations to ensure that the company continues to meet its legal and regulatory requirements.
- Guide and assist the business in delivering the correct outcomes for our clients and important partners whilst ensuring the appropriate balance is struck between the commercial interests of the goals of the FCA and the interests of our clients.
- Conduct horizon scanning, notably UK and US regulation, to identify any regulatory change.
- Work with the Head of Risk & Compliance and the business to implement, embed and provide ongoing monitoring of legal and regulatory developments.
- Be the subject matter expert and lead the project to implement additional regulatory requirements under the Senior Managers & Certification Regime for Enhanced Scope firms within the transitional period.
- Be the subject matter expert, and lead the project to implement the FCA\’s upcoming rule changes on Non-Financial Misconduct.
- Draft and maintain policies and procedures following regulatory obligations.
- Help with the oversight and ongoing monitoring of Line One processes, identifying where remediation activity may ensure compliance with internal processes and regulatory obligations, and working with the business to implement these.
- Complete allocated tasks outlined in the Annual Compliance Plan.
- Assist the Head of Risk & Compliance in compiling the Compliance Monitoring Plan. Deliver compliance monitoring reviews (business unit and thematic).
- Help produce periodical internal reports to Committees of the Board of Management, and KPI monitoring to Group Compliance, and external reports to key stakeholders.
Experience Required:
- Experience working in a regulated environment is essential, preferably within an insurance intermediary or insurance company.
- In-depth understanding of the insurance market and placing process is necessary.
- In-depth understanding of the FCA handbook as it relates to solo-regulated insurance intermediaries is essential, in particular PRIN, SYSC, COCON, COND, FIT, TC, PROD, ICOBS and SUP.
- Excellent interpersonal and communication skills with the ability to influence decision makers.
- Able to research, analyse and interpret regulatory requirements, presenting findings and making recommendations that are both compliant and proportionate to facilitate decision-making.
- Conscientious, positive attitude and self-motivated, with excellent organisational skills and a good eye for detail.
- Experience with US surplus lines business is preferred but not essential.
- Knowledge of Microsoft products.
If the above role is of interest and you fit the following criteria, please apply online for consideration. Please note that applicants must have a notice period of 6 weeks or shorter to be considered.
Please note that applicants must have recent Insurance industry expertise in order to be successful.
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Senior Compliance Analyst FTC employer: Oliver James
Contact Detail:
Oliver James Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compliance Analyst FTC
✨Tip Number 1
Familiarise yourself with the FCA handbook, especially the sections relevant to solo-regulated insurance intermediaries. This will not only help you understand the regulatory landscape but also demonstrate your expertise during discussions.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those who have experience in compliance roles. Engaging with them can provide insights into the role and may even lead to referrals or recommendations.
✨Tip Number 3
Stay updated on recent regulatory changes in both the UK and US markets. Being able to discuss current events and their implications on compliance will show your proactive approach and commitment to the field.
✨Tip Number 4
Prepare to discuss specific examples from your past experience where you've successfully navigated compliance challenges. This will highlight your problem-solving skills and ability to influence decision-makers effectively.
We think you need these skills to ace Senior Compliance Analyst FTC
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance and risk management, particularly within the insurance sector. Emphasise your understanding of the FCA handbook and any specific regulations mentioned in the job description.
Craft a Strong Cover Letter: Write a cover letter that directly addresses the key responsibilities and requirements of the role. Use specific examples from your past experience to demonstrate how you meet the criteria, especially your ability to influence decision makers and manage compliance projects.
Showcase Relevant Skills: In your application, clearly outline your interpersonal and communication skills, as well as your analytical abilities. Mention any experience with regulatory changes and how you've successfully implemented compliance measures in previous roles.
Highlight Industry Knowledge: Since recent insurance industry expertise is crucial for this role, ensure you mention any relevant positions or projects you've worked on. Discuss your familiarity with both UK and US regulations, particularly if you have experience with surplus lines business.
How to prepare for a job interview at Oliver James
✨Know Your Regulations
Make sure you have a solid understanding of the FCA handbook and relevant regulations, especially those related to solo-regulated insurance intermediaries. Be prepared to discuss how these regulations impact the business and your previous experiences in navigating them.
✨Demonstrate Your Analytical Skills
Be ready to showcase your ability to research, analyse, and interpret regulatory requirements. Prepare examples of how you've presented findings and made recommendations in past roles, particularly in compliance or risk management.
✨Showcase Your Interpersonal Skills
Since this role requires influencing decision-makers, think of instances where you've successfully communicated complex information to stakeholders. Highlight your interpersonal skills and how they helped achieve compliance goals.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities in compliance situations. Think about potential regulatory changes and how you would guide a business through implementing new policies or procedures.
