Compliance Officer - Crewe, United Kingdom - Health Shield Friendly Society Ltd

Health Shield Friendly Society Ltd

Verified Company

Crewe, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

About the Role
The compliance function is a required governance function for regulated insurers. There is a well-stablished professional framework for the discharge of compliance work.

The role involves providing assurance that there are proper approaches in place to ensure that the regulations are continually met.

The role involves completing activity specified in the Compliance Plan and responding to routine compliance queries working with managers and contributing to the embedding of good compliance behaviours across the Society.

Main Responsibilities

Conduct formal compliance reviews, in accordance with the plan
Using best practice approaches to data collection, assessment and reporting
Reporting on findings and agreeing management responses and action
Identifying areas for further compliance consideration
Conducting onsite compliance inspections including clear desk checks

Provide compliance advice

Support the business with advice on compliance requirements as required on Business as usual processes
Contribute to ensuring processes and policies with regulatory sensitivity are applied properly in practice
Representing Compliance at key governance forums as required

Review of documents and other materials

Provide timely and useful advice and/or sign off for customer facing literature and other documents

Consider new and emerging rules and guidance

Assess the impact of new rules and guidance
Translate the impact into actions for the business
Monitor the implementation

Data Protection

Ensuring Data Protection policies are applied in practice and understood

Legal

Supplying comments on legal contracts with third parties and other routine legal advice or escalating areas where more specialist areas of legal advice need to be obtained
Any other relevant duties required by the Compliance and Legal Manager

Preventing Financial Crime

Supporting the MLRO to ensure appropriate financial crime prevention structures are followed
Oversight of financial crime prevention structures, including antimoney laundering, bribery, fraud, conflicts and countering terrorist financing

Conduct Management

Ensuring appropriate conduct management structures are in place
Actively engaging with the business to ensure good outcomes are being achieved

About You
To be successful in this role you will need to have the following skills, knowledge & qualifications:

Essential

A relevant qualification in compliance, risk management, insurance at Certificate level or willingness to study for such a qualification
Good Excel, Word and PowerPoint skills
A good understanding of the FCA Sourcebooks and PRA Handbook including ICOBS, COBS, DISP, SUP, PEOD, APER, FIT
Knowledge of the insurance industry and products
Be proactive, well organised and good at managing both routine and oneoff tasks
Be an ambassador for governance, supporting the embedding of governance
Be regarded as trusted and supportive by managers, capable of keeping information confidential
Excellent communication skills, spoken and written
Excellent analysis and synthesis skills
Critical thinking skills

Desirable

An understanding of the complementary roles of risk management and internal audit
An understanding of compliance frameworks and approaches
Business understanding, especially people and process management
Wider communication skills: policy drafting, presentation, training course design
A legal qualification would be useful but is not essential

Key Stakeholders:

Internal