Compliance Officer

Recruiter
Hill Newton Recruitment
Location
London
Salary
50000.00 GBP Annual
Posted
11 Aug 2017
Expires
19 Aug 2017
Contract Type
Permanent
Our client a leading provider of legal indemnity insurance products is looking for a Compliance Officer to provide a professional compliance service including the maintenance and communication of policies and procedures, managing regulatory submissions and providing general compliance advice to the business.

KEY RESPONSIBILITIES:

- Assist in the delivery of the Compliance business plan
- Undertake and coordinate all compliance monitoring activities across the business, Appointed Representatives and agents
- Monitor new regulatory mandates, rules and requirements, ensure that compliance policies are kept up to date and that revisions are disseminated in a timely manner
- Design and implement compliance training and educational programs; actively participate in management training, including new starter induction programmes
- Assist in the oversight of compliance processes to ensure appropriate advice in relation to regulatory matters is provided to the business in an effective and efficient manner
- Provide advice on compliance with applicable laws and regulations to the business, for example in the form of policies and procedures or written updates, in relation to applicable laws and regulations
- Assess the possible impact of any regulatory development on the operations of the business and work with the business with regard to compliance
- Be a point of contact for manager and employees regarding compliance related queries
- Provide regulatory assistance with projects as they arise including the implementation and monitoring of the internal systems and controls after completion of the projects to ensure controls are maintained
- Review and assist with the sign off of financial promotions and advertising literature and reinforcing core compliance values across the business
- Keep up to date on any changes to the regulatory General Insurance rules and regulations and assist with their implementation and provide plain English version of the regulations where appropriate
- Conduct compliance monitoring reviews and audits based on audit schedule and ad hoc requirements as required by the Internal Auditor or line manager
- Review completed audits and follow up on any recommendations made
- Assist with the production of management information for regulatory reporting and Board reporting purposes
- Perform regular checks and work to timescales in accordance with the Risk and Compliance Processes and task system
- Perform themed visits when required on any of the areas of concern within the First Title
- Produce detailed reports and propose recommendations and action plans
- Assist with First Title projects as assigned and undertake reasonable duties as required
- Travel to other UK offices as and when required

PERSONAL QUALITIES

- Relevant professional qualification, eg ICA International Diploma- Governance, Risk & Compliance
- Strong understanding of the insurance industry, the regulatory environment within which the business operates and the regulatory requirements it must meet
- Considerable knowledge of PRA and FCA rules and regulatory best practice requirements and the application of same in an insurance context
- Commercial awareness
- An effective and confident communicator of complex messages (written and verbal)
- Strong attention to detail and focus on delivery
- Excellent interpersonal skills with the ability to liaise at all levels
- Proven organisation and analytical skills
- Capable of producing high quality work in a flexible, fast-paced environment
- Takes personal responsibility for actions and decisions and takes initiative to make things happen
- Develops positive relationships with internal and external customers
- Pragmatic and principled
- Able to work alone and as part of a team
- Demonstrates a flexible, adaptable approach and always rises to challenges
- Acts as role model to staff
- Remains positive despite difficulty, disappointment and when under pressure
- Questions the way we operate and helps department to work smarter not just harder
- Builds rapport with colleagues
- Is aware of personal development needs and raises issues with manager to help improve effectiveness.
- Takes on board comments about development needs and is always willing to learn