At a Glance
- Tasks: Champion compliance, provide risk-based advice, and develop effective frameworks.
- Company: Join a leading chartered insurance broker with a dynamic compliance team.
- Benefits: Enjoy hybrid working, competitive salary, bonuses, and additional perks.
- Why this job: Be part of a proactive team that shapes compliance culture and strategy.
- Qualifications: Experience in compliance within insurance and strong interpersonal skills required.
- Other info: Occasional travel to Hampshire is needed for this role.
The predicted salary is between 72000 - 108000 £ per year.
Job Description
Compliance Business Partner, London (Hybrid working). Up to £90,000 + bonus & benefitsWe are working with a large, chartered insurance broker who are seeking a proactive, experienced and business-focused compliance professional to join their dynamic Compliance Team.Within this role you will work closely with operations across all areas of the business and will be required to travel to Hampshire occasionally.
The role:
- Champion Compliance at all levels, partnering with the business, supporting and providing pragmatic risk-based advice and support to all appropriate stakeholders as well as providing effective challenge and oversight.
- Partnering with business management to define the Compliance strategy for the Relevant Business.
- Map the regulatory framework, horizon scan for developments, report and respond to new or changed regulation or legislation.
- Assess whether policies and procedures, systems and controls fully address regulatory or compliance strategic requirements.
- Develop, implement, embed and maintain an efficient Compliance framework of policies and procedures, systems and controls.
- Provide guidance and advice to business management in developing appropriate awareness of required business conduct and ethical standards, including the Code of Conduct.
To apply:
- Experience gained in a similar compliance position within Insurance.
- Excellent interpersonal and influencing skills. Ability to engage effectively at all levels to promote an effective and business focused compliance culture.
- Work well under pressure to tight timelines and with minimal supervision.
- Good knowledge of FCA, PRA and Lloyd’s regulations and requirements, and how these are applied in practice.
For further details about this and many other great opportunities in Compliance, contact Andrew Stark at Synchronicity Compliance.
Compliance Business Partner (Insurance) employer: Synchronicity Group
Contact Detail:
Synchronicity Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Business Partner (Insurance)
✨Tip Number 1
Familiarise yourself with the latest FCA, PRA, and Lloyd's regulations. Understanding these frameworks will not only help you in interviews but also demonstrate your proactive approach to compliance.
✨Tip Number 2
Network with professionals in the insurance compliance sector. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in compliance.
✨Tip Number 3
Prepare to discuss real-life scenarios where you've successfully implemented compliance strategies. This will showcase your practical experience and ability to provide pragmatic risk-based advice.
✨Tip Number 4
Research the company culture of the chartered insurance broker. Tailoring your conversation to align with their values and demonstrating how you can contribute to their compliance culture will set you apart.
We think you need these skills to ace Compliance Business Partner (Insurance)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Compliance Business Partner in the insurance sector. Familiarise yourself with the key requirements mentioned in the job description, such as knowledge of FCA, PRA, and Lloyd’s regulations.
Tailor Your CV: Customise your CV to highlight relevant experience in compliance roles, particularly within the insurance industry. Emphasise your interpersonal skills and ability to work under pressure, as these are crucial for this position.
Craft a Compelling Cover Letter: Write a cover letter that showcases your proactive approach and business-focused mindset. Use specific examples from your past experience to demonstrate how you have successfully partnered with business management to enhance compliance strategies.
Highlight Relevant Skills: In your application, make sure to highlight your influencing skills and ability to engage with stakeholders at all levels. Mention any experience you have in developing compliance frameworks or conducting regulatory assessments, as these are key aspects of the role.
How to prepare for a job interview at Synchronicity Group
✨Understand the Regulatory Landscape
Familiarise yourself with the FCA, PRA, and Lloyd’s regulations. Be prepared to discuss how these regulations impact the insurance industry and demonstrate your knowledge of recent changes or developments.
✨Showcase Your Interpersonal Skills
Since this role requires excellent interpersonal and influencing skills, think of examples from your past experiences where you successfully engaged with stakeholders at various levels. Highlight how you promoted a compliance culture in those situations.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to provide pragmatic risk-based advice. Prepare scenarios where you had to challenge decisions or implement compliance strategies, and be ready to explain your thought process.
✨Demonstrate Your Proactivity
This role seeks a proactive compliance professional. Share instances where you took the initiative to improve compliance frameworks or processes, and how your actions positively impacted the business.