Compliance Business Partner

Somerset Bridge Group; Newcastle upon Tyne; Hybrid; GBP 48,000 - 57,000; Full time

Benefits offered by this job

Hybrid working

25 days annual leave

Discretionary annual bonus

Pension scheme

Flexi-time

Healthcare Cash Plan

EV salary sacrifice

Discounts

Wrkit wellbeing app

Enhanced parental leave

Religious bank holidays

Life Assurance

Car Insurance Discount

Travel Insurance Discount

Cycle to Work

Employee Referral Scheme

Community support day

Job summary

Somerset Bridge Group is seeking a Compliance Business Partner to join our second-line Risk and Compliance function in Newcastle. You will provide practical, commercially aware guidance, embed compliance by design in business change, products and day-to-day operations, and support regulatory reporting.

The role requires strong FCA knowledge, conduct risk focus, and a collaborative approach to working with senior stakeholders. Hybrid working and a comprehensive benefits package are offered.

Qualifications

• Strong working knowledge of FCA regulation and conduct risk in UK general insurance.
• Ability to translate regulatory requirements into actionable guidance.
• Proven ability to manage diverse stakeholder relationships and influence at senior levels.
• Excellent written and verbal communication with clear, concise reporting.

Responsibilities

• Build and manage relationships with key business stakeholders.
• Provide compliant guidance and challenge where needed.
• Identify regulatory changes and assist in implementation by business areas.
• Support conduct risk identification and control implementation.
• Maintain strong regulatory reporting and relationships with authorities.
• Serve as subject-matter expert on UK General Insurance matters.
• Provide proactive training and guidance on compliance matters.
• Respond promptly to regulatory enquiries and data requests.
• Support compliant business change and design from a risk perspective.
• Deliver training and input for policies and procedures.

Skills

FCA regulation

Conduct risk

Stakeholder management

Communication skills

Analytical thinking

Organisational skills

Education

ICA or CII or equiv.

Job description

Compliance Business Partner

Department: [SBSS] Compliance Business Partners

Employment Type: Permanent - Full Time

Location: Newcastle

Compensation: £48,000 - £57,000 / year

Description

As a Compliance Business Partner, you will help Somerset Bridge Group grow responsibly while delivering fair outcomes and exceptional experiences for our customers. Working as a trusted adviser within the second-line Risk and Compliance function, you will provide practical, commercially aware guidance, constructive challenge and regulatory oversight across the business. You will build strong relationships with stakeholders, translate regulatory requirements into clear action and embed compliance by design in business change, products and day-to-day operations.

What you'll be responsible for:

• Building and managing effective and collaborative relationships with key business stakeholders
• Provide effective compliance advice through the successful management of stakeholder relationships.
• Identification of emerging risks and regulatory change and supporting implementation work led by business areas
• Supporting business areas in identifying and managing conduct related risks, including implementation of controls
• Supporting business areas in maintaining strong regulatory relationships including by prompt, correct regulatory reporting
• Provide subject matter expertise on UK General Insurance matters
• Proactively provide support, guidance and challenge on compliance issues
• Handle and document internal and regulatory queries in an adequate and timely fashion (e.g. regulatory enquiries, data queries and consultations)
• Proactively support and guide business change and operational initiatives to achieve compliance in a cost effective and business friendly manner (compliance by design)
• Become the go-to person including arrangement and delivery of internal compliance training
• Provide input for the development of compliance policies and procedures in regard to regulatory requirements
• Identify & escape risks and control deficiencies to management including solutions to mitigate future issues.

What you'll need:

• Strong working knowledge of FCA regulation, conduct risk and key priorities affecting the UK general insurance sector.
• Sound understanding of risk, controls and materiality, with the judgement to focus attention on the issues that matter most.
• Excellent written and verbal communication skills, with the ability to make complex requirements clear and actionable.
• Confident stakeholder management and influencing skills, including the credibility to challenge constructively at senior levels.
• An analytical, methodical and curious approach, with the ability to understand new products, processes and business areas quickly.
• Strong organisation and prioritisation skills, with the ability to manage a varied portfolio and deliver high-quality work to deadlines.
• A practical, solutions-focused mindset and commitment to continuous improvement.
• High standards of integrity, discretion and confidentiality.
• Initiative, resilience, adaptability and a willingness to continue developing technical expertise.
• An ICA, CII or equivalent qualification would be desirable but is not essential.

Our 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