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- Tasks: Support compliance and risk management while promoting a culture of governance.
- Company: Join Somerset Bridge Group, a leader in insurance compliance and risk services.
- Benefits: Enjoy hybrid working, generous leave, bonuses, and exclusive discounts.
- Why this job: Be part of a dynamic team that values innovation and personal growth.
- Qualifications: Experience in regulated environments and strong attention to detail required.
- Other info: Flexible hours and community support days available.
The predicted salary is between 29000 - 35000 ÂŁ per year.
First Line Compliance and Risk Associate
Join to apply for the First Line Compliance and Risk Associate role at Somerset Bridge Group
First Line Compliance and Risk Associate
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Join to apply for the First Line Compliance and Risk Associate role at Somerset Bridge Group
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Department: [SBSS] (1st Line) Customer Compliance & Risk
Location: Newcastle
Application Deadline: 12 August 2025
Department: [SBSS] (1st Line) Customer Compliance & Risk
Location: Newcastle
Compensation: ÂŁ35,000 – ÂŁ41,000 / year
Description
We are recruiting for a First Line Compliance & Risk Associate to assist in the management of First Line governance, and to help manage a framework that promotes the embedding of structures and processes that improve the provision of Governance, Risk and Compliance services across different business areas.
The ideal candidate will have previously worked within the Insurance sector with Compliance and / or risk experience.
What you’ll be responsible for:
- Support the First Line Compliance & Risk team and business areas in effectively managing compliance risks faced by the business.
- Manage the team mailbox, allocating and dealing with requests as appropriate.
- Review relevant registers and versioned documents in an effective and efficient way for appropriate business areas.
- Gain an understanding of the FCA handbook
- Assisting business areas implement the rules and principles of all relevant regulators into policies, procedures and processes.
- Promoting a culture of rigorous thinking and controls to satisfy SBG risk appetite statements and enable sustainable business growth.
- Work on our regulated entity’s Fair Value Assessments.
- Keep our regulated entity’s Operational Resilience, Business Continuity Planning, and Wind Down Planning up to date.
- Gain an understanding of the UK and EU Data Protection and privacy legislation.
- Stay up to date on industry developments through horizon scanning.
- Be able to question and direct stakeholders on governance issues and be a point of contact for the First Line Compliance & Risk team.
- Proactively identify, manage and mitigate business risks encountered as part of day to day role.
What you’ll need:
- Experience of working in a regulated environment and applying relevant regulations
- Understanding of the insurance market and relevant products and services
- Negotiation and influencing skills
- Able to work with autonomy and as part of a team
- Excellent attention to detail and accuracy to work outputs at all times
- Ability to handle a high workload in an organised manner and to have an excellent standard within strict deadlines
- Proactively establish and maintain effective working team relationships with all business areas
- Multi-site experience with ability to travel to South Africa.
Our Benefits
- Hybrid working – 2 days in the office and 3 days working from home
- 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
- Discretionary annual bonus
- Pension scheme – 5% employee, 6% employer
- Flexible working – we will always consider applications for those who require less than the advertised hours
- Flexi-time
- Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
- Electric vehicle – salary sacrifice scheme
- 100’s of exclusive retailer discounts
- Professional wellbeing, health & fitness app – Wrkit
- Enhanced parental leave, including time off for IVF appointments
- Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
- Life Assurance – 4 times your salary
- 25% Car Insurance Discount
- 20% Travel Insurance Discount
- Cycle to Work Scheme
- Employee Referral Scheme
- Community support day
Seniority level
-
Seniority level
Associate
Employment type
-
Employment type
Full-time
Job function
-
Job function
Finance and Sales
-
Industries
Insurance
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First Line Compliance and Risk Associate employer: Somerset Bridge Group
Contact Detail:
Somerset Bridge Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land First Line Compliance and Risk Associate
✨Tip Number 1
Familiarise yourself with the FCA handbook and relevant regulations. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding compliance and risk management in the insurance sector.
✨Tip Number 2
Network with professionals in the compliance and risk field, especially those who have experience in the insurance sector. Attend industry events or join online forums to gain insights and potentially get referrals.
✨Tip Number 3
Showcase your negotiation and influencing skills during any interactions with the company. Prepare examples of how you've successfully managed stakeholder relationships or resolved conflicts in previous roles.
✨Tip Number 4
Research Somerset Bridge Group's recent developments and initiatives in governance and compliance. Being able to discuss these topics in your conversations will show your genuine interest in the company and its mission.
We think you need these skills to ace First Line Compliance and Risk Associate
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the First Line Compliance and Risk Associate position. Tailor your application to highlight relevant experience in compliance and risk management, especially within the insurance sector.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous roles that involved compliance or risk management. Use specific examples to demonstrate your understanding of regulations and your ability to manage compliance risks effectively.
Showcase Your Skills: Make sure to showcase skills that are crucial for this role, such as attention to detail, negotiation abilities, and the capacity to work autonomously. Provide examples of how you've successfully used these skills in past positions.
Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention how your values align with Somerset Bridge Group's commitment to governance and compliance.
How to prepare for a job interview at Somerset Bridge Group
✨Understand the Regulatory Landscape
Familiarise yourself with the FCA handbook and relevant regulations in the insurance sector. This knowledge will demonstrate your commitment to compliance and risk management during the interview.
✨Showcase Your Experience
Be prepared to discuss your previous roles in regulated environments, particularly within the insurance industry. Highlight specific examples of how you've managed compliance risks or contributed to governance frameworks.
✨Demonstrate Attention to Detail
Since this role requires excellent attention to detail, be ready to provide examples of how you've ensured accuracy in your work. You might even want to mention any tools or methods you use to maintain high standards.
✨Prepare for Stakeholder Engagement
Think about how you would approach questioning and directing stakeholders on governance issues. Prepare examples of past experiences where you've successfully influenced or negotiated with stakeholders.
