Risk and Compliance Analyst

Job Description

We are delighted to be working on behalf of a key insurance client on an exclusive basis, to help bolster their Risk & Compliance team during a period of continued growth. This is a permanent, hybrid role with the expectation of working in the office 2 days a week.

Role Purpose:

• Advise on day-to-day compliance with FCA and other regulatory, and legislative requirements.
• Assist with all aspects of compliance monitoring, investigation, and resolution, including liaison with Third Party Agencies (TPAs) to ensure the business’ adherence to regulatory standards and Group requirements.
• Work in line with established controls that enable the business and clients to manage conduct risk and Consumer Duty requirements and keep the customers at the centre of firms and clients’ businesses.
• Demonstrate a high work ethic and possess core knowledge and skills to support strategic objectives.

Duties and Responsibilities:

• Assist with identification, investigation, and reporting of breaches or near misses and escalate as appropriate.
• Assist with preparation of compliance board report, including gathering of relevant management information.
• Assist with annual review of policies and procedures to ensure they are up to date from a regulatory and business perspective.
• Assist with review of Annual Review Questionnaires ("ARQs") received from clients and follow up as appropriate.
• Assist with compliance due diligence/ onboarding checks of new business partners or product lines.
• Assist with timely and accurate submission of regulatory filings and other documents to regulators.
• Assist with horizon scanning and business impact analysis and communicate the impact to relevant stakeholders.
• Assist with ad hoc compliance operational tasks as required.
• Liaise and communicate with group colleagues as appropriate.
• Perform sanctions checks and assist with investigation of escalated cases.
• Assist the Data Protection Officer with all matters in relation to UK GDPR and DPA 2018, including but not limited to data breach investigations, data protection impact assessments, data subject access request, RoPA and update of relevant policies and procedures.
• Manage the execution of mandatory compliance training and ensure all joiner, movers and leavers have been correctly managed in MGAA and relevant training has been allocated. Gather training MI, analyse training MI and report on training completions, issue training reminders where necessary.

Requirements and Skills:

• 3 years+ experience in a compliance function within the financial services sector (general insurance experience would be advantageous).
• A working knowledge of FCA key applicable rules such as PRIN, ICOBS, SYSC, PROD, DISP and SUP.
• Strong analytical and problem-solving skills, attention to detail and ability to exercise balanced judgement and decision-making.
• Positive attitude, enthusiastic, professional, with a strong work ethic.
• Proactive and self-motivated with ability to advance where appropriate. Highly self-motivated, possessing strong written and verbal communication skills, with ability to communicate effectively at all levels.
• Commercial awareness and the ability to understand broad business issues.
• Understanding of current regulatory landscape and regulatory requirements impacting the business.

Remuneration & Benefits:

• Salary - £40,600 per year (Full-time)
• Hybrid work - 3 days remote, 2 days on-site.
• Pension. Day One - Auto Enrolment - Employee 5%, Employer 10%
• Medical Cover - Benefit in Kind
• Leisure Allowance - £1000
• Group Income Protection/EAP
• Group Life Insurance
• 25 days holiday (+ bank holidays increasing after 3 yrs service)