Compliance Officer- Compliance

Miller; London; On-site; GBP 35,000 - 60,000; Full time

Job summary

Miller Insurance Services LLP is seeking a compliance officer to enhance its compliance culture. The role includes conducting compliance monitoring, producing detailed reports, and collaborating with business units. The ideal candidate will have GCSE level qualifications and experience in compliance monitoring within financial services.

Benefits

10% pension contribution from Miller, with matching contributions up to 5%

Private Medical Insurance

Medicare cash plan

Minimum of 25 days annual leave, with flexibility to buy more

Life Assurance

Income Protection

Critical Illness Cover

Enhanced Maternity, Paternity, Adoption, and Shared Parental Leave

Qualifications

• GCSE English and Maths at grade C or above (or equivalent) required.
• CII qualifications are desirable.
• Strong report writing skills and proficiency in Microsoft tools is essential.

Responsibilities

• Contribute to compliance monitoring and regular reviews.
• Produce compliance monitoring reports and dashboards.
• Stay updated on regulatory changes and incorporate them.

Skills

Report writing

Understanding of the regulatory environment

Analytical skills

Education

GCSE English and Maths at grade C or above (or equivalent)

CII qualifications

Tools

Microsoft Word

Microsoft Excel

Job description

We’re looking for a compliance officer to join the team at Miller Insurance Services LLP, to provide a prompt, accurate, and effective compliance service and to promote and develop the compliance culture across the group.

Role Responsibilities

• Contribute to the delivery of Miller’s compliance monitoring plan, and ensure regular compliance monitoring reviews are conducted on time.
• Support the Compliance Officer in undertaking and coordinating compliance monitoring activities across Miller, its subsidiaries, and Appointed Representatives.
• Assess the quality of first line of defence file reviews by undertaking sample second line of defence file reviews.
• Develop and review management information feeds and dashboards to assess trends in regulatory performance and risk profiles across Miller.
• Conduct in-depth investigations to identify key issues and root causes.
• Produce regular compliance monitoring reports and dashboards in a timely manner, providing Senior Management and the Compliance Committee with insights into regulatory performance and risks.
• Recommend actions to Senior Management and track their completion.
• Collaborate with business units to understand their regulatory risk profiles.
• Stay updated on regulatory and legislative changes and incorporate them into Miller’s compliance framework.
• Contribute to wider compliance projects and process improvements.
• Adhere to Miller’s policies, procedures, and regulatory requirements, including FCA rules and Lloyd’s byelaws.
• Perform delegated responsibilities and promote Miller’s brand and values.

Qualifications

• GCSE English and Maths at grade C or above (or equivalent).
• CII qualifications are desirable but not essential.

Knowledge

An understanding of the insurance industry, insurance broking, and the regulatory environment within which Miller operates.

Experience

• Experience in a financial services compliance monitoring or internal audit role.
• Experience in insurance broking is desirable.
• Strong report writing skills with proficiency in Microsoft Word and Excel.

Benefits

• 10% pension contribution from Miller, with matching contributions up to 5%.
• Private Medical Insurance
• Medicare cash plan
• Minimum of 25 days annual leave, with flexibility to buy more
• Life Assurance
• Income Protection
• Critical Illness Cover
• Enhanced Maternity, Paternity, Adoption, and Shared Parental Leave

Miller is committed to equal opportunities and creating an inclusive work environment.