Compliance Business Partner

Department: [SBSS] Compliance Business Partners

Employment Type: Permanent - Full Time

Location: Newcastle

Compensation: £48,000 - £57,000 / year

Description

What you'll be responsible for:

•  Building and managing effective and collaborative relationships with key business stakeholders
•  Provide effective compliance advice through the successful management of stakeholder relationships.
•  Identification of emerging risks and regulatory change and supporting implementation work led by business areas
•  Supporting business areas in identifying and managing conduct related risks, including implementation of controls
•  Supporting business areas in maintaining strong regulatory relationships including by prompt, correct regulatory reporting
•  Provide subject matter expertise on UK General Insurance matters
•  Proactively provide support, guidance and challenge on compliance issues
•  Handle and document internal and regulatory queries in an adequate and timely fashion (e.g. regulatory enquiries, data queries and consultations)
•  Proactively support and guide business change and operational initiatives to achieve compliance in a cost effective and business friendly manner (compliance by design)
•  Become the go-to person including arrangement and delivery of internal compliance training
•  Provide input for the development of compliance policies and procedures in regard to regulatory requirements
•  Identify & escalate risks and control deficiencies to management including solutions to mitigate future issues.

What you'll need:

•  Strong working knowledge of FCA regulation, conduct risk and key priorities affecting the UK general insurance sector.
•  Sound understanding of risk, controls and materiality, with the judgement to focus attention on the issues that matter most.
•  Excellent written and verbal communication skills, with the ability to make complex requirements clear and actionable.
•  Confident stakeholder management and influencing skills, including the credibility to challenge constructively at senior levels.
•  An analytical, methodical and curious approach, with the ability to understand new products, processes and business areas quickly.
•  Strong organisation and prioritisation skills, with the ability to manage a varied portfolio and deliver high-quality work to deadlines.
•  A practical, solutions-focused mindset and commitment to continuous improvement.
•  High standards of integrity, discretion and confidentiality.
•  Initiative, resilience, adaptability and a willingness to continue developing technical expertise.
•  An ICA, CII or equivalent qualification would be desirable but is not essential.

Our Benefits

• Hybrid working – 2 days in the office and 3 days working from home
• 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
• Discretionary annual bonus
• Pension scheme – 5% employee, 6% employer
• Flexible working – we will always consider applications for those who require less than the advertised hours
• Flexi-time
• Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
• Electric vehicle – salary sacrifice scheme
• 100’s of exclusive retailer discounts
• Professional wellbeing, health & fitness app - Wrkit
• Enhanced parental leave, including time off for IVF appointments
• Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
• Life Assurance - 4 times your salary
• 25% Car Insurance Discount
• 20% Travel Insurance Discount
• Cycle to Work Scheme   
• Employee Referral Scheme
• Community support day