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Portfolio are proud to be working with our client, a well-established Insurance provider who offer legal expenses insurance to small and medium sized businesses. They have provided over 30 years' support, underwriting legal expenses risk for UK SMEs through the Peninsula Group. In 2021, they took the exciting decision to share their expertise with the wider Insurance market. As specialists in commercial liability insurance and legal expenses protection, they are committed to raising standards in the industry and providing flexible, market-leading products, services and advice to their expanding portfolio of coverholders. We are looking for a Graduate, preferably with Law or CII degree, to join the compliance team, supporting the senior team in ensuring the compliance framework is being followed. This role offers a clear progression pathway into risk and compliance, underwriting, finance amongst others. The company can will also fund a CII qualification for the right candidate if required.
Overall Responsibilities
The purpose of this role is to support the delivery of an effective compliance framework across the company. The role holder will help to ensure that the company's compliance framework is robust and will support the business in ensuring that regulatory requirements are assessed and understood by employees; policies are developed to meet regulatory requirements; and compliance within the business is regularly monitored and evaluated.
Key Roles & Responsibilities
Horizon Scanning
- Continually monitor and assess new and emerging trends in legislation, regulations, guidance and updates from various sources to understand the impact these changes may have on the business.
- To regularly report on expected changes and provide feedback and support to the business on the implication of these changes.
- To support the wider business with any changes in operating procedures or practice which are required as a result of changes in legislation, regulations, guidance and updates.
Compliance Advice
- Working with and supporting the Compliance Officer to provide accurate and timely advice and support to the business on compliance matters.
Compliance Monitoring
- Working with and supporting the Compliance Officer to conduct compliance monitoring in line with the Compliance Monitoring Plan.
- Working with and supporting the Compliance Officer in the delivery of our Third-Party Audit plan through conducting audits with our partners.
- To support the conduct of thematic compliance monitoring and reporting as directed by the Chief Risk Officer and/or the Risk Committee.
Regulatory Reporting
- Working with and supporting the Risk & Compliance Manager with Consumer Duty monitoring through the collection and analysis of Management Information gathered from our partners.
- Ensuring that up to date and meaningful Management Information to the business on compliance related matters.
Ad-hoc
- To undertake any ad-hoc duties as necessary, such as data inputting, collating information, and producing reports.
- To establish and maintain effective working relationships across the Risk & Compliance team and across the business as a whole.
Qualifications & Experience
- The ideal candidate will be naturally inquisitive and analytical, with excellent attention to detail.
- Ability to prioritise workload effectively.
- Excellent presentation skills.
- Self-motivated and organised.
- A flexible approach with the ability to work under the pressure of deadlines.
- Excellent knowledge of Microsoft applications including Word, Excel and PowerPoint.
- Excellent written and verbal communication skills.
INDMANJ
