Compliance Officer - London, United Kingdom - APC London Market Ltd

Description

A specialist insurance firm based in city of London are looking for a Compliance Officer to join the business. This will be a hybrid or even work from home full time.


RESPONSIBILITIES:

• To oversee and manage the regulatory requirements of the company stemming from the FCA principles and guidelines relating to general insurance activities.
• Develop strategies to ensure the company's activities comply with FCA.

Serve as a liaison between regulatory bodies and operating departments of the company.

• Keep up to date of any changes to the regulations and roll down to staff when required.
• Become familiar with our purpose and values, making them core to daytoday behaviours and with all interactions with colleagues, our partners, and customers.
• Ensure all thirdparty contacts are reviewed and renewed, including office, insurance, and software protection.
• Be responsible for following up on any regulatory changes such as GDPR to ensure third parties are compliant.
• To adhere to GDPR
• General Data Protection Regulations and take on responsibility for becoming the contact person with the ICO for the reporting of potential breaches.
• Respond to requests for information from regulatory bodies.
• Coordinate with operations departments regarding production design and development to ensure compliance with regulations.
• Ensure awareness of all regulatory responsibilities regarding FCA and TCF principles and guidelines and adhere to them.

Keep up to date, adhere to the industry regulations, and company procedures where required.

• Be aware of potential risks within the business that may affect your immediate area of responsibility and maintain risk, conflict of interest and other compliance related logs and monitoring tools.
• Undertake work of a related nature or performing duties other than or in addition to those outlined above upon request.

EXPERIENCE:

• Regulatory experience in the Insurance industry
• Ability to understand impact on company of FCA and GDPR regulation and regulatory changes.
• Up to date working knowledge of statutory and legislative requirements and their effects.
• Extensive knowledge of applicable government and FCA regulations.
• Ability to inform and educate managers and department heads on regulations and polices that require compliance involvement.
• Excellent analytical and critical thinking skills.
• Excellent strategic planning skills.
• Proficient with applicable and relevant databases and software e.g., BACS Payment Services
• Proficient with Microsoft Office Suite or similar software.
• Generalist Compliance duties including but not limited too: monitoring, reviews, advising the business/entities on regulatory requirements, SMCR, financial crime, policy updates, consumer duty,
• Working collaboratively with an international team.
• Supporting junior members of the team.

CANDIDATE SHOULD HAVE:

• An understanding of all classes of busines, Lloyds market or other specialist insurance industry knowledge.
• Experience in a Compliance role for 5+ years.
• Be able to work autonomously.
• Problem solving skills.

Job Types:
Full-time, Part-time, Temp to perm


Salary:
From £50,000.00 per year


Benefits:

• Flexitime
• Life insurance
• Private medical insurance
• Work from home

Schedule:

• Flexitime

Experience:

• Regulatory: 3 years (preferred)

Ability to Commute:

• London (preferred)

Work Location:
Hybrid remote in London