In this role the Compliance Officer will provide the UK Head of Compliance with support across a range of regulatory matters. (PLEASE ONLY APPLY IF YOU HAVE THE RELEVANT INSURANCE COMPLIANCE EXPERIENCE)
About the Role
The Compliance Officer will be responsible for managing and maintaining various compliance functions within the company.
Responsibilities
* Manage and maintain the Company’s Governance, Regulatory and Compliance Timetable.
* Manage and maintain the SMCR requirements for the Company.
* Horizon Scanning: manage the end-to-end process.
* Prepare and submit Regulatory Returns and Attestations, as allocated to the Compliance function (including the PRA and the FCA) work closely with all relevant teams to collate and verify data/information submitted (coordinating activity at firm level as required).
* Monitor the training given to all staff to ensure it covers awareness of relevant laws, rules and standards and the need to comply with these.
* To implement actions points arising from internal audit reviews relating to the compliance function in line with agreed timelines.
* Develop, maintain and improve the methodology for carrying out the above functions.
* Maintain a central compliance repository.
* Assist with Compliance project management as needed.
* To assist the UK Head of Compliance in the provision of the Compliance function.
* To undertake any other reasonable duties as may be required from time to time.
* To maintain compliance with any applicable UK or International statutory or regulatory obligation as required by the role. This includes but not limited to obligations arising from:
* * The prudent management of the business.
* Placing due regard on the interests of customers.
* Observing rules on Sanctions and financial crime.
* Regulatory requirements and local licensing restrictions.
* Promoting and follow the Group’s whistleblowing procedures.
* Where applicable, following the Company’s Consumer Duty principles to deliver good outcomes for retail customers.
1.
Qualifications
* 5 + years’ experience in a UK Compliance role (general insurance).
* Finance/Insurance / Compliance qualification desirable.
Required Skills
* PRA, FCA and EU regulatory framework.
* Horizon Scanning.
* Preparation of Regulatory Returns.
* Document and report writing and preparation of management information.
* Planning skills (Compliance Plan and methodology).
* Ability to provide advice and guidance to management and other stakeholders.
* Ability to work to deadlines.
Preferred Skills
* Experience in a similar role within the insurance sector.
* Strong analytical skills.