Compliance Officer

JR United Kingdom; Manchester; On-site; GBP 50,000 - 60,000; Full time

Job summary

A regulatory compliance firm in Manchester is seeking a Compliance Officer. The role requires knowledge of the regulatory framework and compliance monitoring. Key responsibilities include conducting compliance monitoring, escalating issues, and implementing best practices. Candidates should have strong problem-solving abilities and the capacity to build positive relationships. The position offers a permanent contract with a salary of up to £60k plus bonus.

Qualifications

• A solid understanding of the regulatory framework, particularly SMCR and ICOBS.
• Ability to identify opportunities for business efficiency.
• Proven ability to be professional and tactful in negotiation.

Responsibilities

• Conduct monitoring in line with the compliance monitoring plan.
• Escalate major issues to the Compliance Manager.
• Drive forward development of Management Information and Business Insights.

Skills

Understanding of the regulatory framework (SMCR and ICOBS)

Working knowledge of compliance monitoring

Problem solving skills

Ability to build effective relationships

Flexibility and adaptability

Job description

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Compliance Officer role, key information:

• Permanent role paying up to £60k + bonus
• 3 days in 2 from home
• You will need A solid understanding of the regulatory framework, particularly SMCR and ICOBS and their application within the business.
• You will need a working knowledge of compliance monitoring

Key responsibilities:

• Conduct monitoring in line with the compliance monitoring plan
• Escalating major issues and/or highlighting where trends exist to the Compliance Manager or Head of Compliance
• Implement best practice strategies and to gain knowledge of office specific business activities.
• Contribute to the overall development of the Compliance function’s strategy
• Drive forward development of Management Information and Business Insights
• Consider the impact of any matters of concern or changes that arise in the business, from our regulators, the insurance market or European Commission.
• Responsible for horizon scanning and identification of emerging regulatory issues
• Ensure Lockton has in place robust and effective procedures to mitigate regulatory risk
• As required, responsible for regulatory submissions via Connect, Gabriel and any other FCA notifications
• Record breaches and complaints, ensuring appropriate records are maintained and lessons learned with corrective actions implemented to prevent future problems

Person requirements:

• A solid understanding of the regulatory framework, particularly SMCR and ICOBS and their application within the business.
• A working knowledge of compliance monitoring
• Ability to identify opportunities for business efficiency, develop and implement internal systems and controls.
• Relevant transferable experience gained from a compliance role
• Ability to build effective and positive business relationships, and deliver solutions to stakeholders
• Ability to be professional and tactful in negotiation – to listen and be influential in achieving objectives
• Proven ability to be flexible and adaptable to an ever-changing environment
• Proven ability in problem solving skills, including the ability to resolve complex issues and devise actionable solutions
• Ability to compile, analyse and interpret management information and data to facilitate decision making