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- Tasks: Join our team as a Compliance Officer, ensuring we meet all regulatory standards.
- Company: We are a trusted Lloyds Broker dedicated to compliance and risk management.
- Benefits: Enjoy an attractive salary package and opportunities for professional development.
- Why this job: Make a real impact by shaping compliance strategies in a dynamic environment.
- Qualifications: Relevant experience in compliance or risk management is essential.
- Other info: Be part of a supportive team that values your growth and contributions.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
Trusted Lloyds Broker is seeking to recruit a Compliance Officer to compliment their team.
Reporting directly to Head of Risk & Compliance you will be responsible for the following duties:
Assisting in the company’s compliance duties which include:
- Conduct Compliance monitoring and audits of the significant business processes to provide the business with assurance on FCA regulated business areas.
- Ensure compliance requirements are adhered to.
- Monitor, analyze and communicate new regulatory developments and legislation that affect the business and operation of the company and update department’s working papers as necessary.
- Provide guidance/sign off on financial promotions.
- Understand and implement oversight and audit requirements in accordance with SYSC rules.
- Develop and lead the Compliance Plan as agreed by the Board.
- Embed and communicate Lloyd’s requirements as appropriate.
- To support and assist the AML Officer as required.
- Lead projects and develop plans for implementation.
- Help to develop and create internal policies/procedures.
- Manage the breach register and evidence ‘end to end’ resolutions.
- Assist the Board of Directors to identify, manage and mitigate risks.
- Liaise with the regulators (i.e FCA) or Lloyds in regards to queries or issues.
- Monitor FCA / Lloyd's publications and evidence action taken or lessons learned or review completed.
- Facilitating Insurer and client audits or reviews (i.e. Lloyd’s Binders etc).
- Collate data and complete filing of various returns to Lloyd's and the FCA as required.
- Attend external training events to enhance own knowledge and/or to assist with future legal/regulatory changes, reporting back to the Board and/or staff as appropriate.
- Reviewing and submitting new clients and insurers for approval
- Preparing the necessary paperwork for approval, conducting sanctions checks & contacting clients and brokers as necessary to obtain outstanding documentation
- Keeping the companies clients & insurers lists up to date
- Reviewing all company procedures & ensuring that these are FCA compliant
- Assisting preparing and implementing staff training programs
- Assisting ongoing projects
An attractive salary package is offered for the successful candidate
If you feel you have the relevant experience then please submit your CV
The Recruiter Specialists are acting as a Recruitment Agency
Insurance Compliance Officer employer: The Recruiter Specialists Group Ltd
Contact Detail:
The Recruiter Specialists Group Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Compliance Officer
✨Tip Number 1
Familiarise yourself with the latest FCA regulations and compliance requirements. This will not only help you in interviews but also demonstrate your proactive approach to staying updated in the field.
✨Tip Number 2
Network with professionals in the insurance compliance sector. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities.
✨Tip Number 3
Prepare specific examples of how you've successfully managed compliance issues or audits in the past. Being able to discuss real-life scenarios will showcase your experience and problem-solving skills.
✨Tip Number 4
Research the company’s recent compliance initiatives or challenges. Showing that you understand their specific context will set you apart and demonstrate your genuine interest in the role.
We think you need these skills to ace Insurance Compliance Officer
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to understand the key responsibilities and requirements of the Insurance Compliance Officer position. Tailor your application to highlight relevant experience and skills that align with these duties.
Craft a Strong CV: Ensure your CV is up-to-date and clearly outlines your experience in compliance, risk management, and regulatory affairs. Use specific examples to demonstrate your achievements in previous roles, particularly those related to FCA regulations.
Write a Compelling Cover Letter: Your cover letter should complement your CV by providing context to your experience. Explain why you are interested in the role and how your background makes you a suitable candidate. Mention any specific projects or initiatives you've led that relate to compliance.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects attention to detail, which is crucial for a Compliance Officer role.
How to prepare for a job interview at The Recruiter Specialists Group Ltd
✨Know Your Regulations
Familiarise yourself with the latest FCA regulations and Lloyd's requirements. Being able to discuss recent changes and how they impact compliance will show your expertise and commitment to the role.
✨Demonstrate Analytical Skills
Prepare examples of how you've previously monitored and analysed compliance issues. Highlight your ability to communicate findings effectively, as this is crucial for the role.
✨Showcase Project Management Experience
Be ready to discuss any projects you've led or contributed to, especially those related to compliance plans or audits. This will demonstrate your capability to manage compliance initiatives effectively.
✨Prepare Questions for the Interviewers
Think of insightful questions to ask about the company's compliance culture and future challenges. This shows your genuine interest in the role and helps you assess if it's the right fit for you.