Great opportunity to join the compliance function of this global Insurance consulting firm.
As a trusted partner to the business, our compliance function aims to proactively support the Company to generate sustainable value, helping to deliver good client outcomes, manage its conduct, protect against regulatory risk, and to maintain strong regulatory relationships. Compliance forms part of the Second Line of Defence, as a function independent from daily business activities. Our Every Day Effect is to inspire ethical decisions. Compliance is a trusted Professional Partner, supporting sustainable business growth by providing pragmatic advice, oversight and effective challenge.
Key responsibilities include -
- Support horizon scanning for regulatory developments and reporting any new or proposed regulation or legislation that may impact the Relevant Business to relevant business and Compliance stakeholders.
- Support analysis of performance data and Monitoring findings to identify potential weaknesses in internal controls.
- Support assessing whether policies and procedures, systems and controls fully address the specific regulatory or compliance strategic requirements applicable to the Relevant Business.
- Support the closure of Compliance owned actions and supporting the closure of regulatory recommendations following internal/external audits.
- Identify compliance training needs for Gifts Entertainment and Hospitality, Financial Promotions and Third Parties, within the Relevant Business. Development and delivery of compliance training ensuring appropriate compliance and business input.
- Championing Compliance at all levels of the Relevant Business, support and provide pragmatic risk-based advice and counsel to all appropriate stakeholders as well as provide effective challenge and oversight.
- Provide technical regulatory advice and support to the Relevant Business and other stakeholders in understanding their responsibilities and obligations under relevant policies and regulatory requirements. Engage with operational areas to assist with formulating compliance best-practice procedures that are balanced to meet the needs of the business, the customers and regulators.
- Triage, prioritise and/or respond to ad-hoc compliance and regulatory queries from business management and colleagues.
- Participate in Compliance Function ad-hoc strategic or operational projects as requested. Engagement with other areas of the wider compliance community to explore areas where Advisory could be utilised.
- Record keeping in line with regulatory requirements and/or policies and procedures.
- Provide compliance approval under specific control frameworks, e.g. Financial Promotions, Gifts, Entertainment & Hospitality, third party relationships, and/ or marketing materials.
- Responsible for supporting the escalation of material issues, incidents and breaches to relevant business and Compliance leadership and other functions, e.g. Legal and Risk.
- Support the compilation and delivery of compliance records or information requested by internal/external auditors.
- Deliver activity MI and analysis, reporting to relevant stakeholders within the Compliance Function.
- Foster close relationships with other Functions including Legal, Risk and Internal Audit.
- Participate in internal Compliance team meetings as requested.
Knowledge & Qualifications -
- Strong experience of Financial Promotions related to insurance and/or pension products
- Proven experience working within the insurance, investments or employee benefits market
- Good knowledge of the FCA regulatory environment and controls
- Good knowledge of industry practices
- Can work independently on Compliance tasks
- Excellent communication skills, verbal and written
- Attention to detail and problem-solving skills
- Must be a strong team player with good interpersonal skills and actively contributes in meetings
- Proactive and ability to work under pressure to tight timelines and without direct supervision
- Organised and methodical
- IT literate - good knowledge of Microsoft office packages needed
Eames Consulting is acting as an Employment Agency in relation to this vacancy.
