Compliance Specialist

Prospections (International) Limited; United Kingdom; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

An insurance group in the United Kingdom is searching for a Compliance Officer to support regulatory compliance and facilitate audits. The role involves identifying compliance risks, conducting monitoring reviews, and providing real-time compliance advice. Candidates should have experience in the insurance sector and a thorough understanding of UK GDPR. This position offers a hybrid working model, allowing for a balance between home and office work.

Qualifications

• Experience with compliance in insurance or financial services.
• Familiarity with UK GDPR legislation.
• Ability to communicate complex regulations clearly.

Responsibilities

• Monitor and mitigate compliance and data protection risks.
• Conduct compliance reviews according to the annual monitoring programme.
• Prepare compliance related management information for senior management.

Skills

Compliance experience within the Insurance or Financial Services Industry

Good understanding of relevant legislation including the UK GDPR

Excellent verbal and written communication

Critical problem solving ability

Strong report writing and presentation skills

Job description

This vital Compliance role supports this Insurance Group with its responsibilities to comply with Regulatory requirements, internal policies and procedures and meeting the expectations of business partners through due-diligence requests and audits.

Indicative of the importance of this role to the business, this is an additional role to support the Compliance Manager.

As Compliance Officer you will support our rapidly growing Insurance Client who provides underwriting and claims services.

It is possible to work on a hybrid basis, balancing between working at home and in the office.

The Main Tasks Of The Compliance Officer Role Include

• Identification, monitoring and mitigation of compliance, and data protection risks across the business.
• Compliance monitoring reviews in accordance with the annual compliance monitoring programme.
• Audits and risk assessments to help the business understand compliance risk, scope, and significance.
• Review and provide feedback to the business on breaches and incidents.
• Support the review, maintenance, and organisation of related compliance policies and ensuring the policies are up to date with the relevant laws.
• Collaborate with Stakeholders to help create a culture of compliance.
• Provide real-time compliance advice, with regards to the rules, regulation and internal policies that govern the business.
• Prepare compliance related Management Information for Senior Management.
• Undertake business reviews to determine compliance with data protection regulations, data security and other related areas, recommending process improvements.
• Draft and review data protection-related documents and contracts, as required.
• Provide knowledge and understanding to train, coach, and support employees on data protection compliance requirements, where required.
  
  

To Be Successful As Compliance Officer You Will Demonstrate

• Compliance experience within the Insurance or Financial Services Industry.
• Good understanding of relevant legislation including the UK GDPR.
• Ability to simplify and effectively communicate applicable legislation, regulations, and policies.
• Critical problem solving ability.
• Excellent verbal and written communication and the ability to challenge at all levels.
• Ability to build relationships with other Business Units.
• Strong report writing and presentation skills.
  
  

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