Compliance Specialist, EMEA

King River Capital Group; Greater London; On-site; GBP 55,000 - 70,000; Full time

Benefits offered by this job

Hybrid work environment

Global offices

Employee stock options

CG Gives programs

Social initiatives

Job summary

Cover Genius in the UK is seeking a Compliance Specialist to support regulatory and licensing compliance across the EMEA region, including the UK. You will help implement frameworks, maintain programs, and ensure controls and processes meet insurance laws, regulations, and codes for sale of insurance and related products.

You will collaborate with cross-functional teams, assist with training materials, report to management and regulators, and monitor regulatory changes such as FCA Consumer Duty

Qualifications

• 3+ years experience in a compliance role within the insurance industry, or working within an insurance related organization on compliance activities.
• Knowledge and understanding of Authorized Representative filings and relevant compliance obligation will be highly regarded.
• Experience with identification, assessment, and management frameworks for insurance risks.
• Understanding of compliance analytics and qualitative and quantitative risk measures.
• Ability to communicate complex ideas in a clear, concise manner both verbally and in writing, and the ability to build relationships with key stakeholders.
• Ability to adapt quickly to a scale-up pace environment and culture.
• Bachelor's degree in a relevant field, a postgraduate degree and/or record of academic achievement is also desirable.

Responsibilities

• Oversee the company’s compliance requirements, policies, and internal guidelines including the maintenance of the company’s producer and adjuster licenses, preparing underwriter audit responses, and monitoring existing programs.
• Support the compliance team with compliance requests including due diligence questionnaires, regulatory and license filings, Appointed Representative appointments and filings.
• Assist with the establishment and maintenance of the Compliance processes and procedures including coordinating timely communications with regulatory authorities.
• Support in preparation of appropriate training materials for relevant stakeholders.
• Provide appropriate reporting to the company’s management and board, as well as external partners and regulators.
• Understand and be aware of regulatory changes and assist in providing implementation of required changes in the region including the FCA Consumer Duty requirements.
• Work cross-functionally with teams to facilitate responses to periodic and ad hoc regulatory requests.
• Support periodic reviews to proactively identify compliance gaps and assist with implementation of corrective action.
• Provide support to other members of the broader Executive and Risk Management teams, as appropriate.

Skills

3+ years

Insurance compliance

Regulatory filings

Compliance analytics

Stakeholder communication

Scale-up adaptability

Bachelor's degree

Education

Bachelor's degree in a relevant field

Postgraduate degree desirable

Tools

Authorized Representative filings

Job description

About the Company

Cover Genius is a Series E Insurtech that protects the global customers of the world’s largest digital companies including Booking Holdings, owner of Priceline, Kayak and Booking.com, Intuit, Hopper, Skyscanner, Ryanair, Turkish Airlines, Descartes ShipRush, Zip and SeatGeek. We’re also available at Amazon, Flipkart, eBay, Wayfair and SE Asia’s largest company, Shopee.

Our partners integrate with XCover, our award-winning insurance distribution platform, to embed protection for millions of customers worldwide each year. Our team and products have been recognized with dozens of awards including by the Financial Times who ranked Cover Genius as the #1 fastest growing company in APAC in 2020. Our diverse team across 20+ countries and many language groups commits itself to diverse cultural programs, in particular CG Gives which makes social entrepreneurs out of us all and funds development initiatives in global communities.

Our People are Bold, Authentic, Purposeful and Inspired

Our People are not Perfect, Traditional, Complacent or Cautious

About the Role

As a Compliance Specialist on our Compliance Team, you will assist with the implementation and maintenance of regulatory and licensing compliance strategies for Cover Genius across the EMEA region, including the UK.
To drive success in this role, you will have an aptitude for learning and implementing compliance frameworks. You will support the regional compliance manager in maintaining the company’s compliance programs and ensure that the insurance business has adequate controls, procedures, and processes in place to comply with all laws, regulations, and codes applicable to the sale of insurance, warranty, and related products. Regular cross-functional collaboration will be key in ensuring that the Company’s adherence to its risk appetite and guidelines are achieved to drive scalable processes which limit risk exposure to the Company.

Key Responsibilities

• Oversight of the company’s compliance requirements, policies, and internal guidelines including the maintenance of the company’s producer and adjuster licenses, preparing underwriter audit responses, and monitoring existing programs
• Support the compliance team with compliance requests including due diligence questionnaires, regulatory and license filings, Appointed Representative appointments and filings.
• Assist with the establishment and maintenance of the Compliance processes and procedures including coordinating timely communications with regulatory authorities.
• Support in preparation of appropriate training materials for relevant stakeholders
• Provide appropriate reporting to the company’s management and board, as well as external partners and regulators.
• Understand and be aware of regulatory changes and assist in providing implementation of required changes in the region including the FCA Consumer Duty requirements.
• Work cross-functionally with teams to facilitate responses to periodic and ad hoc regulatory requests
• Support periodic reviews to proactively identify compliance gaps and assist with implementation of corrective action.
• Provide support to other members of the broader Executive and Risk Management teams, as appropriate.

What you will bring

• 3+ years experience in a compliance role within the insurance industry, or working within an insurance related organization on compliance activities.
• Knowledge and understanding of Authorized Representative filings and relevant compliance obligation will be highly regarded.
• Experience with identification, assessment, and management frameworks for insurance risks.
• Understanding of compliance analytics and qualitative and quantitative risk measures.
• Ability to communicate complex ideas in a clear, concise manner both verbally and in writing, and the ability to build relationships with key stakeholders.
• Ability to adapt quickly to a scale-up pace environment and culture.
• Bachelor's degree in a relevant field, a postgraduate degree and/or record of academic achievement is also desirable.

What you will have

• Cross-Functional Collaboration: Proven ability to partner seamlessly across diverse, cross-functional teams.
• Organizational Excellence: Exceptional time management skills with a strong ability to prioritize competing tasks effectively.
• Precision & Detail Orientation: Rigorous attention to detail and a commitment to high-quality output.

Why Cover Genius?

Cover Genius not only cares about being the best in our industry, we care about our team. We’re a business that understands life can be fluid and so we flex to ensure we provide the environment to suit that. What does that mean?

• Flexible Work Environment - our teams are hybrid. We work from home on Wednesdays and Thursday and attend the office on Monday, Tuesday and Friday with flexibility around start/finish times.
• Global company, with the opportunity to work from any of our offices for 4 weeks a year
• Employee Stock Options - we want our people to share in our success, we reward them with ownership for their contribution in creating a world-class company.
• Work with like-minded people who are passionate about both the work we're doing and giving back. Our CG Gives programs enables us to all become philanthropists through our peer recognition and rewards system.
• Social Initiatives - pictures speak a thousand words!

Cover Genius promotes diversity and inclusivity. We don't tolerate discrimination, demeaning treatment of anyone, or harassment due to race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or any other legally protected status.

By submitting your application, you acknowledge that we may collect, store and process your personal data for recruitment purposes. To ensure a fair evaluation, we may use AI to assist in sorting applications, but all final decisions are made by our hiring team and no candidate dispositions are automated. We will keep your information on file for three years from the date of your application. For detailed information about how we handle your data and our use of AI, please review our full Privacy Policy.