Financial Compliance Specialist
4 weeks ago
Michelle Denny Recruitment is excited to support an expanding financial organization in the UK, seeking a skilled Compliance & Data Protection Officer.
This role offers a salary range of £37,000-£40,000 per annum, with standard working hours from 8:30am to 5:00pm, Monday to Friday. The position is available on a hybrid basis, providing flexibility in your work environment.
We are looking for a highly experienced Compliance Officer with expertise in financial services or insurance, who possesses a deep understanding of regulatory frameworks and a passion for ensuring ethical practices within the financial industry.
As a key member of a small but dynamic compliance team, you will play a crucial role in maintaining and enhancing the organization's compliance program, with a particular focus on Data Protection. You will collaborate across departments to identify, assess, and mitigate risks while ensuring adherence to industry standards and regulations.
Key Responsibilities:
- Stay current with relevant financial services and insurance regulations, particularly concerning Data Protection (DP), and assist in implementing necessary compliance measures.
- Provide advice on privacy, data-sharing, and data transfer issues; and oversee Data Protection Impact Assessments (DPIAs).
- Assist in maintaining compliance policies and procedures tailored to the financial services and insurance sectors.
- Conduct comprehensive risk assessments to identify potential compliance vulnerabilities and recommend mitigation strategies.
- Train, coach, and support employees on data protection compliance requirements.
- Prepare Management Information (MI) compliance reports, highlight areas of concern, propose solutions, and provide real-time compliance advice.
- Maintain a robust monitoring and testing program to ensure ongoing regulatory compliance.
Requirements:
- Experience in a compliance role within financial services or insurance.
- Solid understanding of relevant financial regulations, including UK GDPR.
- Excellent communication skills with the ability to simplify and convey complex legislation, regulations, and policies effectively.
- Experience in report writing, policy development, and trend analysis, with strong analytical and problem-solving abilities.
- Willingness to travel occasionally to other group offices.
What We Offer:
- A competitive salary of £37,000 – £40,000 per annum.
- Hybrid working options available.
- Opportunities for professional growth and development.
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