Division: Secretariat
Department: Group Compliance Function
Report/Accountable To: Compliance Manager

The company is a United Kingdom-based company engaged in the provision of warranty protection for appliances and repair protection for central heating systems, customer fulfillment activities, and pet insurance and support services.

The Group Compliance Function has responsibility for a number of FSA regulated firms covering general insurance and life insurance firms and is staffed by experienced compliance professionals.

Job Summary / Purpose:

Reporting to the Compliance Manager but with considerable contact both with the other members of the department and the business, this role will involve working across the Group, leading risk-based monitoring reviews. You’ll get involved in every part of the review process, from risk assessment through to planning and execution of reviews and reporting and following up. Part of that will involve looking at both new and existing products and business areas, identifying the regulatory requirements and the risks arising from them. Your monitoring duties will bring you into contact with business units throughout the Group where you will assess control of regulatory risks, advice on the best course of action where deficiencies are identified.

Context of the Job:

This is an excellent opportunity to join a friendly department with primary responsibility to meet UK regulatory requirements across the business, duties will include:

Implementation and execution of a risk based monitoring program and escalating findings to senior management.
Assist as required with the development and documentation of detailed Compliance Monitoring procedures including the determination of appropriate monitoring tools and reporting standards.
Manage the process of identification, measurement and control of compliance risks across the business.
Liaise with and provide assistance to the business and functional units to achieve management and mitigation of compliance risks.
Produce compliance reports which identify and recommend appropriate solutions to current or future compliance risk areas.
Work with the business to ensure proper controls are in place to support existing and new businesses and products.
Provide support, guidance and assistance to the other members of the Group Compliance Function as required.
Remain up to date with regulations, particularly as they pertain to insurance business.

Skills, Qualifications and Experience:

Excellent knowledge of regulatory requirements particularly in the retail market applying to the advising and selling of general insurance products.
Experience of writing up procedures and process flows for operational functions.
Degree qualified with at least two years experience in compliance monitoring, or three years plus experience within a core compliance role.
Knowledge of compliance monitoring techniques.
The ability to influence and persuade others.
Strong commercial acumen.
Strong and proven interpersonal and relationship skills.
Excellent and proven organisational skills.
Excellent communication skills.
Excellent analytical ability.
Confident yet team spirited personality.
Ability to work consistently and constructively under pressure.
Familiarity with Computer applications such as Microsoft Word, Excel, PowerPoint, Visio and Adobe Acrobat.
Flexibility to travel to other business locations.

Salary:

Negotiable dependent on experience.