Compliance Monitoring Officer

Compliance Monitoring Officer

Location:
Haywards Heath or Salford Quays
Salary:
Competitive
Department:
Corporate Governance
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We currently have an exciting opportunity for a Compliance Monitoring Officer to join our Corporate Governance – Risk & Controls team in Salford Quays, Manchester, or Haywards Heath, West Sussex.
 
You’ll be a technical expert with an excellent understanding of the regulatory framework as it applies to First Central Group and its subsidiaries, and the key business and regulatory risks.
 
Supporting the business in managing regulatory risk, you’ll be responsible for carrying out field work activity, reporting any risk, providing feedback to managers, producing reports and compliance reviews of outsourced suppliers.
 
To be successful in this role, you’ll need to:
  • Have excellent understanding of Financial Conduct Authority (FCA), European Insurance and Occupational Pensions Authority (EIOPA) and Guernsey Financial Services Commission (GFSC rules), regulations, principles and codes of practice (including Treating Customers Fairly (TCF))
  • Have good understanding of the principles of Risk Management and their application
  • Preferably hold an International Compliance Association (ICA) qualification
  
Job responsibilities
  • Monitor own progress against the Compliance Plan (CMP), report on this to the Group Compliance Monitoring Manager (GCMM) on a monthly basis and refine flexible aspects of the Plan in line with risk profile of the relevant functions
  • Proactively identify and assess compliance risks applicable to the business, and record and discuss promptly with the GCMM and relevant representatives from management any compliance or regulatory issues
  • Promptly report any identified regulatory breaches in line with internal procedures
  • Provide effective feedback to management on monitoring activity, gathering evidence to confirm if any remedial action required is completed
  • Produce Compliance Monitoring Reports, proposing actions and resolutions for findings for submission to senior management and relevant management
  • Ensure a consistent approach to governance, control and documentation is applied across the business
  • Support the GCMM in the completion of compliance reviews of FCIM’s outsourced suppliers, where relevant
  • Support independent reviews of the control environment, particularly adherence to procedures and mitigation of regulatory risks and issues by management
  • Support the business with the review of Core Processes to ensure adherence to the Process Governance Framework
 
Skills, knowledge & experience
  • Experience of working in a similar role in the general insurance industry
  • Good understanding of motor insurance products and the motor insurance industry
  • Excellent communication, both verbal and written with the ability to question and obtain information from others
  • Problem solving with the ability to translate issues and find resolutions with a strong attention to detail
  • Confident in presenting complex information in a clear and concise manner, together with excellent report writing skills
  • A flexible approach and positive attitude
  • Excellent at building and maintaining relationships whilst being approachable and keen to help others
  • Good influencing and negotiating skills
  • Excellent organisation, with the ability to meet tight deadlines
 
What can we do for you? 
We believe we can offer you a great working environment as we’re so passionate about our people. Here are just some of the benefits and perks that we offer…
  • Fantastic training and development opportunities
  • Employee benefit packages to suit your lifestyle
  • Flexible working
  • A day off for your birthday
  • The opportunity to take a paid day off each year to do charity work
  • A health cash plan
  • Help with travel expenses
  • The opportunity to buy additional holiday
  • Company pension scheme
  • Group life assurance
  • Enhanced maternity and paternity pay
  • Professional subscription fees paid
     
Employee wellbeing is high on the agenda here too. We provide a weekly free fruit delivery, discounted membership at a local health club and access to an Employee Assistance Programme, which promotes physical and emotional wellbeing at work and at home. In addition, we provide wellbeing events throughout the year to support physical and mental health.

For further information on what we can offer and to learn more about this role, feel free to contact our dedicated Recruitment team.
 
If this job sounds like the role you're looking for, apply today!
 
We pride ourselves on being a great place to work. Check out our Glassdoor page to see what our employees think about working here.

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glassdoor

79% of people would recommend a friend to work at First Central

Based on 98 Glassdoor reviews (July 2020)

Benefits

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Flexible working

We support colleagues who wish to work flexibly whilst meeting the needs of the business.

YOUday

We give you an extra day off to celebrate a special day.

Holiday Extra

Not only do you get a generous holiday entitlement, you can also buy additional leave.

Volunteering

Get a day off each year to take part in volunteering activities.

Health cash plan

Claim money back on your healthcare costs, such as dental check-ups and eye tests.

Season ticket loan

We provide interest-free loans to cover the cost of season tickets for rail, bus or car parking.