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Compliance Risk Specialist
2 months ago
This critical role supports Employment Specialists Ltd in its responsibilities to comply with Regulatory requirements, internal policies, and procedures, and meeting the expectations of business partners through due-diligence requests and audits.
As a key member of the Compliance Team, you will support our rapidly growing Insurance Client who provides underwriting and claims services.
Flexibility is key, with the option to work on a hybrid basis, balancing between working at home and in the office.
There may be a requirement to travel occasionally to other offices in the UK and overseas.
Main Responsibilities:
- Identify, monitor, and mitigate compliance and data protection risks across the business.
- Conduct compliance monitoring reviews in accordance with the annual compliance monitoring programme.
- Audit and risk assessments to help the business understand compliance risk, scope, and significance.
- Review and provide feedback on breaches and incidents.
- Support the review, maintenance, and organisation of related compliance policies and ensure they are up to date with relevant laws.
- Collaborate with stakeholders to foster a culture of compliance.
- Provide real-time compliance advice on rules, regulations, and internal policies governing the business.
- Prepare compliance-related Management Information for Senior Management.
- Conduct business reviews to determine compliance with data protection regulations, data security, and other related areas, recommending process improvements.
- Draft and review data protection-related documents and contracts as required.
- Provide knowledge and understanding to train, coach, and support employees on data protection compliance requirements as needed.
Requirements:
- Compliance experience within the Insurance or Financial Services Industry.
- Good understanding of relevant legislation, including the UK GDPR.
- Ability to simplify and effectively communicate applicable legislation, regulations, and policies.
- Critical problem-solving ability.
- Excellent verbal and written communication and the ability to challenge at all levels.
- Ability to build relationships with other Business Units.
- Strong report writing and presentation skills.