Compliance Assurance Officer

Somerset Bridge; Newcastle upon Tyne; Hybrid; GBP 40,000 - 45,000; Full time

Job summary

A financial services organization is seeking a Compliance Assurance Officer in Newcastle to ensure full compliance with regulatory standards. The role involves conducting assurance monitoring, working with stakeholders, and identifying compliance risks. Ideal candidates will have strong knowledge of FCA requirements, excellent communication skills, and experience in compliance assurance. This position offers a competitive salary and hybrid working options.

Benefits

Hybrid working arrangements

25 days annual leave

Discretionary annual bonus

Pension scheme

Flexible working hours

Healthcare Cash Plan

Life Assurance

Cycle to Work Scheme

Qualifications

• Experience in compliance assurance or a similar role.
• Knowledge of compliance monitoring and reporting.
• Ability to manage multiple tasks and deadlines.

Responsibilities

• Conduct assurance monitoring and report outcomes.
• Deliver training and guidance on regulatory requirements.
• Monitor regulatory changes to ensure compliance.

Skills

Strong knowledge of FCA regulatory requirements

Ability to interpret and apply regulations

Skilled in coordinating assurance activities

Excellent verbal and written communication

Strong analytical skills

Proficient IT skills

Job description

Compliance Assurance Officer

Application Deadline: 12 December 2025

Department: [SBSS] Compliance Assurance

Employment Type: Permanent - Full Time

Location: Newcastle

Compensation: £40,000 - £45,000 / year

Description

We are seeking a Compliance Assurance Officer to help safeguard Somerset Bridge Group’s integrity and ensure full compliance with regulatory standards. In this pivotal role, you will deliver the compliance assurance plan by independently conducting regulatory assurance and monitoring activities.

You will assess the effectiveness of regulatory and conduct risk controls, providing clear assurance to Senior Management and the Governing Body. Your work will be critical in identifying, monitoring, and reporting compliance risks—protecting SBG’s reputation and ensuring operations remain within legal and regulatory frameworks.

Collaboration is key: you’ll work closely with senior stakeholders and cross-functional teams to strengthen the internal control environment and drive a culture of compliance across the Group.

Key Responsibilities

• Conduct assurance monitoring and report compliance outcomes to stakeholders.
• Deliver training and guidance to promote understanding and adherence to regulatory requirements.
• Build strong relationships with stakeholders and second-line functions to optimise assurance coverage and minimise duplication.
• Monitor regulatory changes and provide timely insights to ensure compliance with evolving standards.
• Advise and challenge on compliance issues, contributing to the SBG's compliance strategy.
• Identify and escape risks, recommending solutions to address control deficiencies and mitigate future issues.
• Manage assurance work streams, ensuring timely completion, high-quality reporting, and effective follow-up on agreed actions.
• Analyse data trends and anomalies using monitoring and testing tools to strengthen risk management.

Skills, Knowledge and Expertise

• Strong knowledge of FCA regulatory requirements and conduct priorities, ideally in insurance.
• Ability to interpret and apply regulations to business deliverables.
• Skilled in coordinating assurance activities, collating evidence, and ensuring compliance.
• Effective self-management of workload, balancing quality and deadlines.
• Solid understanding of risk, controls, and materiality.
• Excellent verbal and written communication, including report writing.
• Strong analytical skills for data review, trend identification, and anomaly detection.
• Methodical, inquisitive, and detail-oriented approach.
• Commitment to confidentiality and secure handling of sensitive information.
• Proactive in developing technical knowledge and continuous learning.
• Strong stakeholder management and relationship-building skills.
• Research capability to stay updated on regulatory changes and industry trends.
• Proficient IT skills for assurance tasks.

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