Compliance Officer - Insurance Broker

Posted 28 August by Massenhove Recruitment
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Job Title: Compliance Officer

Sector: Insurance

Location: Essex/London/Home-Based

Role Summary

Our client is looking to recruit a Compliance Officer to join their growing compliance team in a role split between Billericay and London.

The Compliance Officer is responsible for supporting the Senior Compliance Manager and the Compliance Team in ensuring the company complies with all relevant regulation and legislation.

This roll will suit an individual who is personable and meticulous, comfortable taking ownership and initiative when working independently and alongside the wider business when needed.

The successful candidate should have a strong understanding of the FCA’s handbook, rules and guidance applicable to (re)insurance and are looking to develop a career in compliance within a diverse and rapidly growing company.

Role Responsibility

Be a point of call for internal day to day compliance queries

Support the Senior Compliance Manager in ensuring that the firm’s activities comply at all times with both its own internal procedures, FCA and other legislative requirements

Provide guidance to the firm and key stakeholders to enable them to understand their regulatory responsibilities and the implications for any change

Take an active role in projects for the implementation of new regulatory regimes, such as SM&CR within the firm

Assist with and take ownership of tasks to ensure the effective delivery of the firm’s annual compliance plan

Proactively assist with the implementation of the firm’s risk management framework

Assist in the design, drafting, review and implementation of the firm’s compliance policy documents and procedures

Support the Senior Compliance Manager and HR Manager in the effective delivery of the firm’s training and competence plan, including the provision of training sessions

Support the effective delivery of the firm’s internal audit function including the preparation of clear, unambiguous feedback and provide findings to key stakeholders

Complaints handling

Collate and prepare data for the production of management information packs and suggest improvements to processes as a result

Assist with all data protection matters within the business

Involvement with the firm’s sign-off process for financial promotions

Ensure the firm meets its financial crime prevention responsibilities, including but not limited to: anti-money laundering, anti-bribery & corruption, financial sanctions, politically exposed persons, etc.

Support the firm to ensure that adequate records are kept throughout the organisation to demonstrate compliance with FCA requirements and to facilitate regulatory reporting

Ensure that all staff are aware of, and comply with, the firm’s own procedures and all relevant FCA requirements in relation to selling practices

Ensure there is appropriate oversight of the firm’s Appointed Representatives

Have experience using the FCA’s Connect System

Oversight of the firm’s TOBA management process ensuring sub-broker and (re)insurer lists are kept up to date

Support the Senior Compliance Manager with ensuring the firm has the appropriate local and international licences and permissions

The Ideal candidate will have the following attributes

At least 1-3 year’s relevant compliance experience within the insurance or reinsurance sector

A strong understanding of the FCA’s rules and guidance particularly applicable to the insurance and reinsurance sector

A personable individual is key, willing to learn and comfortable working in a diverse, face paced environment

High attention to detail

Preferably educated to A-level standard or equivalent

Good level of IT literacy particularly in Excel and Word


Experience within a Lloyd’s coverholder or familiarity with Lloyd’s minimum standards and systems

Insurance or compliance qualifications e.g. CII, ICA

Required skills

  • Compliance
  • ICA
  • Insurance
  • Regulatory
  • FCA

Reference: 40315191

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