Regulatory Compliance Specialist
2 months ago
Position Overview: This essential role plays a crucial part in assisting Employment Specialists Ltd with its obligations to adhere to regulatory standards, internal guidelines, and the expectations of business partners through thorough due diligence and audits.
Role Significance: Reflecting the significance of this position within the organization, it serves as an additional support to the Compliance Manager.
Work Arrangement: The Compliance Officer role offers the flexibility of a hybrid work model, allowing 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 as per the annual compliance monitoring schedule.
- Perform audits and risk assessments to aid the organization in understanding compliance risks, their scope, and significance.
- Review and provide insights on breaches and incidents to the business.
- Assist in the review, maintenance, and organization of compliance policies, ensuring they are aligned with current legislation.
- Collaborate with stakeholders to foster a culture of compliance.
- Offer real-time compliance guidance regarding the regulations and internal policies governing the organization.
- Prepare compliance-related management information for senior leadership.
- Conduct business reviews to assess compliance with data protection laws and recommend process enhancements.
- Draft and review documents and contracts related to data protection as necessary.
- Provide training and support to employees on data protection compliance requirements.
Qualifications:
- Experience in compliance within the insurance or financial services sector.
- Strong understanding of relevant legislation, including UK GDPR.
- Ability to effectively communicate complex legislation, regulations, and policies.
- Critical thinking and problem-solving skills.
- Excellent verbal and written communication skills, with the ability to engage at all levels.
- Proven ability to build relationships across various business units.
- Strong report writing and presentation capabilities.
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