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Compliance Advisor - UK based remote only

Job description

Compliance Advisor

Location: Flexible locations - remote working with a couple of days a month in the office.

Role overview

The role of the Compliance Advisor is to provide advice, support, oversight, and challenge to regulated entities within Markerstudy Group to help ensure they comply with all relevant FCA requirements and expectations and identify, manage, and mitigate any regulatory risks present within their business. Specifically, to assist the Group Head of Compliance in ensuring that all areas of the business are adhering to and maintaining regulations and standards laid down by the Financial Conduct Authority and other regulatory authorities as required.

Key Responsibilities:

  • To help ensure compliance with FCA and all other relevant regulations, guidance, and expectations.
  • Provision of clear advice and guidance to business areas on a wide range of regulatory issues.
  • Identify, highlight, and where appropriate help manage and mitigate any regulatory or conduct risks present or arising.
  • Work with management and staff to ensure that the business implements and maintains suitable systems and controls to meet regulatory requirements.
  • Assist with the delivery of the Annual Compliance Plan.
  • Attend, and provide challenges and input into key governance meetings as required.
  • Maintain an excellent knowledge of relevant rules and requirements, and how these apply to the Markerstudy Group
  • Adhere to and Role Model adherence to all Group processes about FCA (and other regulators') compliance.
  • Champion 'Consumer Duty' principles and expectations in all interactions with the business, ensuring that the customer is placed at the heart of all we do.
  • Assist with the completion of horizon scanning activity, considering the impact of regulatory developments on the Group, and as required, assist with Regulatory Change projects and activity.
  • Assist with investigations into complaints, incidents and rule breaches.
  • Review and financial promotions, scripting, and other customer-facing documentation for compliance with all regulatory requirements
  • Assist with external assurance reviews as required.
  • As required, liaise with clients and affinity partners about compliance matters.
  • To undertake other reasonable responsibilities and projects as instructed by the Head of Compliance.

Essential Skills

  • Previous experience working in the financial services industry, ideally in insurance and in a Compliance role.
  • Excellent knowledge of FCA and other Regulations relevant to a General Insurance Business.
  • Ability to translate complex rules and requirements into clear, concise, and pragmatic advice and guidance for business areas.
  • Ability to build and maintain excellent relationships with key stakeholders at varying levels of seniority.
  • Good problem-solving, analytical and communication skills
  • Ability to prioritise work according to Regulatory risk.
  • Commercial awareness and the good judgement to apply a pragmatic approach,

Desirable Skills

  • Whilst general knowledge of FCA rules and requirements relevant to a GI business is essential, knowledge and experience in the application and management of compliance with PROD would be highly beneficial.
  • Experience working in the Pet Insurance, or Commercial insurance industry.
  • Education to degree level or equivalent ICA Diploma or studying towards

Benefits

  • Healix - Company Funded Private Medical Single cover
  • SW Pension

Enhanced: Employer will match contributions up to 5% Or standard: Auto-Enrolment scheme (5% EE, 3% ER)

  • 28 days Holiday
  • Life Assurance 4x annual salary

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