Regulatory Compliance Specialist
2 months ago
Position Overview:
This essential role is designed to assist Employment Specialists Ltd in fulfilling its obligations to adhere to regulatory standards, internal guidelines, and the expectations of business partners through thorough due diligence and audits.
Role Significance:
Given the critical nature of this position, it serves as an additional support role to the Compliance Manager.
Work Arrangement:
This position offers the flexibility of a hybrid work model, allowing for a balance between remote work and office presence.
Travel Requirements:
Occasional travel to various offices may be necessary.
Key Responsibilities:
- Identify, monitor, and mitigate compliance and data protection risks throughout the organization.
- Conduct compliance monitoring reviews in line with the annual compliance monitoring schedule.
- Perform audits and risk assessments to help the organization comprehend compliance risks, their scope, and significance.
- Review and provide feedback on breaches and incidents to the business.
- Assist in the review, maintenance, and organization of compliance policies, ensuring they are current with applicable laws.
Collaboration:
Work closely with stakeholders to foster a culture of compliance.
Advisory Role:
Offer real-time compliance guidance regarding the regulations, rules, and internal policies governing the organization.
Reporting:
Prepare compliance-related management information for senior leadership.
Business Reviews:
Conduct reviews to assess compliance with data protection regulations and data security, recommending process enhancements as necessary.
Documentation:
Draft and review documents and contracts related to data protection as required.
Training and Support:
Provide knowledge and training to employees on data protection compliance requirements as needed.
Qualifications:
- Proven compliance experience within the insurance or financial services sector.
- Strong understanding of relevant legislation, including UK GDPR.
- Ability to effectively communicate complex legislation, regulations, and policies.
- Strong critical thinking and problem-solving skills.
- Excellent verbal and written communication skills, with the ability to engage at all levels.
- Capacity to build relationships across various business units.
- Proficient report writing and presentation abilities.
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