Compliance Officer

Our client, a leading global insurance business, is looking for a Compliance Officer to support their Senior Compliance Officers and Employee Benefit & Financial Planning with day-to-day compliance to ensure they operate effectively in accordance with relevant rules and regulations and ensures that regulatory obligations are met through robust operational processes.

The role is based out of the clients offices south of Birmingham and you would be required to work on a hybrid basis with some national travel required on occasion.

This is a contract role on an initial 6-month contract.

Duties and Responsibilities:

• Assist with the administration of compliance systems and tools
• Coordinate implementation of Consumer Duty Rules, Conduct Rules and SMCR responsibilities.
• Support the timely and accurate FCA and other regulatory filings, notifications, and reporting.
• Provide effective regulatory business partnering to the 1LOD.
• Provide pragmatic advice and technical guidance and oversight to 1LOD and other business units on compliance and regulatory matters and on internal queries on compliance-related issues.
• Assist with preparing documentation for regulatory inspections and audits and the management of external and internal audits.
• Assist with the analysis of compliance and business performance management information and data to aid challenge.
• Identify potential compliance risks and escalate significant issues to senior management.
• Assist in developing and updating the firm's risk register.
• Monitor compliance obligations specific to the business area.
• Monitor and interpret regulations, regulatory changes and insurance/employee benefit/financial planning specific legislation and advise the business on required adjustments.
• Deliver briefings and create (where appropriate) and deliver training on key regulatory topics and issues.
• Implement, maintain and update compliance policies and procedures.
• Ensure that policies and procedures are communicated and embedded across the organisation, including through the provision of guidance and training.
• Maintain compliance records, including monitoring logs and incident reports.
• Record and track compliance incidents and breaches.
• Assist with investigating regulatory breaches, analyse and understanding the root cause and recommend appropriate action plans to the business units and to senior management.
• Assist with delivering compliance training sessions for staff, ensuring understanding of policies and regulatory expectations.

Requirements:

• Experience required includes roles in compliance or similar positions within the financial services sector.
• Candidates with relevant financial, compliance, and/or legal qualifications will be given preference.
• A strong understanding of the UK regulatory framework is necessary, alongside a high degree of integrity and adherence to ethical standards. Familiarity with key regulations, such as the FCA's Senior Managers and Certification Regime (SM&CR), is essential.