Compliance Executive Job Description
We are seeking a Compliance Executive to support our compliance function through policy review, regulatory research, monitoring, and participation in various compliance projects. This role is ideal for someone with a strong understanding of insurance contract terms and conditions, regulatory and commercial obligations, consumer protection, data privacy, and outsourcing requirements.
Key Responsibilities:
* Assist in implementing the compliance framework across the business.
* Lead and deliver assigned compliance projects within scope, time, and budget.
* Perform ongoing compliance monitoring and testing activities.
* Analyse management information to identify and escalate potential regulatory risks.
* Prepare regulatory reports and documentation for internal and external stakeholders.
* Maintain and update compliance policies, manuals, and procedures.
* Support compliance input at internal committees and meetings.
* Monitor legislative developments and ensure the business is kept informed of changes.
Required Skills and Qualifications:
* Minimum of 3 years' experience in a compliance role, within the insurance sector.
* Degree-level education; LCOI or ACOI qualification preferred.
* Experience in legal, risk, or compliance functions.
* Strong attention to detail and proficiency in Microsoft Word, Excel, and PowerPoint.
* Solid understanding of insurance contract terms and conditions, regulatory and commercial obligations, consumer protection, data privacy, and outsourcing requirements.
Benefits:
* Hybrid working arrangement, requiring one day per week on-site.
* Healthcare coverage.
* Company pension after 6 months.
* Performance-related bonus.
* Flexi-time for better work-life balance.