Key Responsibilities:
1. Building and managing effective and collaborative relationships with key business stakeholders, and
2. Provide good compliance advice through the successful management of stakeholder relationships.
3. Leading on identification of regulatory change and enabling implementation work led by the business
4. Supporting the business in finding and managing conduct related risks, including implementation of controls
5. Supporting the business in fostering strong regulatory relationships including prompt, correct regulatory reporting
6. Compliance advisor for (main focus) but also deployable for other compliance activities
7. Tracking of current and new legal and regulatory requirements and being insight driven
8. Provide subject matter expertise on UK General Insurance matters
9. Proactively provide support, guidance and challenge on compliance issues, building effective relationships with key stakeholders
10. Handle and document business and regulatory queries in an adequate and timely fashion (e.g. regulatory returns, data queries and consultations)
11. Proactively support and guide business change and operational initiatives to achieve compliance in a cost effective and business friendly manner (compliance by design)
12. Become the go-to person and arrange internal compliance training
13. Provide input for the development of compliance policies and procedures in regard to regulatory requirements
14. Identify & escalate risks and control deficiencies to management including solutions to mitigate future issues.
Required Skills/Experience:
15. Demonstrates good knowledge of FCA regulatory requirements and key conduct related priorities within the insurance industry
16. Ability to manage a portfolio of work, and to balance the demands of maintaining high quality work and delivering to deadlines
17. Someone who clearly understands the concepts of risk, controls, and materiality
18. Excellent verbal and written communicator
19. Has a methodical, analytical, curious mind and tenacity, whilst keeping objectivity
20. Quickly gets to grips with understanding new businesses, process, or products. Able to logically analyse and assess these
21. Sound use of judgement. Raises and reports only material issues and can agree practical and efficient solutions with the business
22. Keeps sensitive business or department information secure and confidential, without exception
23. Possesses drive and determination to develop within the role through increasing technical knowledge and building effective relationships with the business
24. Good stakeholder management skills and the ability to develop trusted business relationships, including influencing peers
25. Genuine passion for continuous improvement through building positive relationships with regulators and researching the compliance landscape
Our Benefits:
26. Hybrid working – 2 days in the office and 3 days working from home
27. 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
28. Discretionary annual bonus
29. Pension scheme – 5% employee, 6% employer
30. Flexible working – we will always consider applications for those who require less than the advertised hours
31. Flexi-time
32. Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
33. 100’s of exclusive retailer discounts
34. Professional wellbeing, health & fitness app - Wrkit
35. Enhanced parental leave, including time off for IVF appointments
36. Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
37. Life Assurance - 4 times your salary
38. 25% Car Insurance Discount
39. 20% Travel Insurance Discount
40. Cycle to Work Scheme
41. Employee Referral Scheme
42. Community support day
43. Christmas and Summer parties
Working at SBG
At Somerset Bridge Group we aim to build a sustainable and innovative business focused on underwriting, broking and claims handling of UK motor insurance, offering transparent products and an efficient and fair service to our policy holders.
We are very proud to have been awarded a Silver Accreditation from Investors in People! We recognise that all of our people contribute to our success. That's why we are always looking for talented people to join our team - people who share our vision, who are passionate about what they do, and who want to be part of something special.