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- Tasks: Lead compliance assurance reviews and ensure the business meets regulatory standards.
- Company: Join RSA, a forward-thinking insurance company focused on people and innovation.
- Benefits: Enjoy hybrid working, up to 11% pension contributions, and diverse development opportunities.
- Other info: We celebrate diversity and offer flexible working arrangements for all.
- Why this job: Be part of a transformative journey in a supportive team culture that values your growth.
- Qualifications: Experience in Compliance or Risk within regulated environments is essential.
The predicted salary is between 48000 - 72000 £ per year.
Introduction
At RSA, we believe insurance is about people, not things. We provide our inspiring colleagues with the support and opportunity to grow together, shape the future, and win as a team. We are undergoing a transformation journey to improve our service and deliver better products to brokers and customers. As a proud member of the Intact family, we have a presence in North America, the UK, and Europe.
We have a bold ambition to become the best Commercial Lines business in the UK, demonstrated by our recent acquisition of NIG and Farmweb, which allows us to scale by leveraging our combined financial strength and ensuring our people benefit from our joint capabilities.
We are currently recruiting for a Senior Compliance Assurance Manager to join our established and experienced Risk & Compliance team here at RSA on a hybrid basis.
Your role
Line Two\’s purpose is to be a \”force for good, helping the business to thrive and improve.\” This role plays a key part in keeping the business safe and in supporting the compliance and risk modernisation and empowerment agenda.
The purpose of this role is to assist the UK Chief Compliance Officer and the Head of Regulatory Affairs and Assurance (UK) in delivering risk-based assurance activity across the UK Business. You will ensure the business operates within applicable laws and regulations.
You will support the assurance framework and priorities, conduct compliance assurance reviews across various business areas, and test compliance with FCA, PRA, and outcome regulation, highlighting gaps or weaknesses. Additionally, you will analyze regulatory themes and trends to identify opportunities for operational improvements and risk mitigation, with an external perspective on industry developments and best practices.
Responsibilities include planning and delivering assurance reviews of varying complexity, developing test plans, maintaining evidence, and ensuring the implementation of corrective actions in line with requirements. You will employ diverse assurance approaches, including traditional, data-led, short, or ongoing reviews.
About you
You will have proven experience in Compliance, Risk, Audit, or similar assurance functions within regulated environments. An excellent understanding of FCA regulation, including the FCA Handbook and frameworks like ICOB, SYSC, DISP, and PRIN, is essential. Knowledge of regulatory provisions for commercial and specialty lines, along with experience in regulatory projects and remediation programs, is required. Your understanding of conduct risk and customer outcomes will help translate regulation into practical, business-focused solutions. A pragmatic, execution-focused approach to managing regulatory risk and ensuring compliance is key.
What we offer you
RSA prioritizes our people, offering hybrid working for better work/life balance and a comprehensive benefits package, including pension contributions of up to 11%. We provide numerous development opportunities within a diverse community of experts. You will be empowered to excel, make an impact, and grow with us. Our employee promise encourages you to shape the future, succeed as a team, and develop your career.
About Us
We celebrate individuality and foster a culture of respect and inclusion. We are committed to accessibility and encourage flexible working arrangements, including reduced hours or job shares. If you believe you are a good fit but do not meet all requirements, please contact us to discuss potential opportunities.
As a Disability Confident employer, we ensure a fair process for disabled applicants meeting the minimum criteria. If you wish to be considered under this scheme, please answer \”yes\” to the relevant question in RSA\’s application form. Please inform our recruitment team of any adjustments needed during the application process to support your participation.
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Senior Complaince Assurance Manager employer: Royal & Sun Alliance Insurance Ltd
Contact Detail:
Royal & Sun Alliance Insurance Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Complaince Assurance Manager
✨Tip Number 1
Familiarise yourself with the FCA Handbook and relevant frameworks like ICOB, SYSC, DISP, and PRIN. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance and risk management.
✨Tip Number 2
Network with professionals in the compliance and risk sectors. Attend industry events or webinars to connect with others in the field, which can provide insights into the role and potentially lead to referrals.
✨Tip Number 3
Stay updated on current regulatory trends and themes within the insurance industry. This knowledge will allow you to discuss relevant topics during interviews and show that you are proactive about your professional development.
✨Tip Number 4
Prepare to discuss specific examples of how you've successfully managed compliance risks in previous roles. Highlighting your practical experience will help you stand out as a candidate who can deliver results in this position.
We think you need these skills to ace Senior Complaince Assurance Manager
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Senior Compliance Assurance Manager position at RSA. Make sure you understand the key responsibilities and required skills, particularly around compliance, risk management, and regulatory frameworks.
Tailor Your CV: Customise your CV to highlight relevant experience in compliance, risk, or audit functions. Emphasise your understanding of FCA regulations and any specific projects you've worked on that align with the role's requirements.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to RSA's mission and values. Discuss how your experience can contribute to their goal of becoming the best Commercial Lines business in the UK, and mention your approach to compliance and risk management.
Proofread and Edit: Before submitting your application, carefully proofread your CV and cover letter. Check for any spelling or grammatical errors, and ensure that your documents are clear and professional. A polished application reflects your attention to detail.
How to prepare for a job interview at Royal & Sun Alliance Insurance Ltd
✨Understand the Regulatory Landscape
Familiarise yourself with the FCA Handbook and key regulations such as ICOB, SYSC, DISP, and PRIN. Being able to discuss these frameworks confidently will demonstrate your expertise and understanding of compliance in a regulated environment.
✨Showcase Your Experience
Prepare specific examples from your previous roles that highlight your experience in Compliance, Risk, or Audit functions. Discuss how you have successfully conducted assurance reviews and implemented corrective actions, as this will illustrate your practical knowledge and problem-solving skills.
✨Emphasise a Pragmatic Approach
RSA values a pragmatic, execution-focused approach to managing regulatory risk. Be ready to discuss how you translate complex regulations into actionable business solutions, showcasing your ability to balance compliance with operational efficiency.
✨Demonstrate Team Collaboration
As the role involves working closely with various teams, highlight your experience in collaborating with cross-functional teams. Share examples of how you have contributed to team success and supported a culture of compliance within an organisation.