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Compliance Officer - Insurance Sector

Location
London
Salary
£35,000 to £45,000
Job Type
Permanent
Posted
7 Sep 2022

A global Insurance firm with city of London presence requires a Compliance Officer on a permanent basis.

Job Role:

  • Performing routine risk assessments to help organization understand compliance risk, scope, and significance.
  • Keep up to date with, and understand, relevant laws and regulations.
  • Monitoring the organization's compliance with regulations and internal policies to ensure they are up to date with relevant laws.
  • Educating employees on compliance regulations and the impact of non-compliance on the organization.
  • Recording their findings properly and following up with management to ensure the issues are rectified.
  • Reviewing marketing materials, websites, and presentations to ensure compliance with regulations.
  • Assisting in gathering of information internally in response to requests by regulators.
  • Highlight or escalate areas of concern.
  • Contribute to robust and effective compliance controls within the organisation.
  • Performing administrative tasks such as file creation and maintaining files of ongoing projects.
  • Collaborating with management from other departments to ensure compliance and investigating irregularities.
  • Filing of data with FCA/PRA from time to time as and when required.

Must have experience:

  • Working knowledge of UK regulations (Non-Life Insurance) especially in direct motor and retail property insurance.
  • Minimum of 3-5 years working experience in the UK on Compliance side.

Preferable:

  • Knowledge on MGA tie-ups.

Package:

  • £35000 to £45000 with medical and other benefits
  • Full time, 5 days a week
  • Working Hours : 9:30 am to 5:30 pm
  • London based. Hybrid working may allowed as per company rules from time to time after probation
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Details

  • Job Reference: 706411684-2
  • Date Posted: 7 September 2022
  • Recruiter: Phillips Grant Ltd
    Phillips Grant Ltd
  • Location: London
  • Salary: £35,000 to £45,000
  • Sector: Administration
  • Job Type: Permanent