Senior Compliance Officer

Reposted One Month Ago
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2 Locations
Hybrid
Senior level
Insurance
The Role
The Senior Compliance Officer ensures compliance with FCA regulations, provides advisory support, manages compliance risks, and maintains internal audit processes, fostering relationships within the organization and with external regulators.
Summary Generated by Built In
We’re hiring for a Senior Compliance Officer to support our growing compliance team!

To keep up with our growth in the UK and Ireland, we’re looking for a dedicated Senior Compliance Officer is to assist in supporting NFP Europe’s Property & Casualty Insurance Entities and Divisions in ensuring that both internal and external business-as-usual compliance requirements are fulfilled. The role is an integral part of the compliance function, working collectively to ensure that NFP Europe operates effectively in accordance with relevant rules and regulations. The ideal candidate should possess a robust background in compliance, along with relevant experience within the financial services industry.

We’re looking for someone with:

  • Excellent communication (verbal and written) and be an effective ‘regulatory translator’ i.e. take complex regulation and make it accessible, understandable and relevant to the business so they have clarity on what is required, and what they need to do.
  • Good problem-solving skills and be solution orientated.
  • Strong organisational skills and attention to detail but have the ability to take a high-level view.
  • Excellent stakeholder management skills and be able to build and maintain strong relationships with the business, while also maintaining an appropriate level of professional distance.
  • Able to act as a ‘critical friend’ to the business, delivering constructive challenge and identifying solutions to address issues that are identified.
  • Strong understanding of the UK’s regulatory regime as it applies to general insurance activities.

Using these skills, you’ll be:

Regulatory Compliance & Oversight

  • Ensuring day-to-day compliance with FCA and other relevant regulatory requirements.
  • Administering compliance systems and tools such as policy portals and training platforms.
  • Coordinating the implementation of Consumer Duty Rules, Conduct Rules, and SMCR responsibilities.
  • Ensuring timely and accurate FCA and other regulatory filings, notifications, and reports.

Advisory 

  • Providing effective regulatory business partnering to the first line of defence (1LOD).
  • Delivering pragmatic advice, technical guidance, and oversight on compliance and regulatory matters.
  • Building strong collaborative relationships with 1LOD and operational departments.
  • Bringing a compliance and regulatory perspective to key business forums, initiatives, and projects.
  • Supporting and guiding business units through integration-related activities.

 Governance

  • Acting as a liaison with external regulators and auditors.
  • Preparing documentation for regulatory inspections and audits.
  • Managing external and internal audit processes.
  • Analysing compliance and business performance data to identify trends and provide challenge.
  • Identifying and escalating potential compliance risks to senior management.
  • Preparing management information and reports for entity boards, senior management, and regulatory bodies.

Compliance Risk Management 

  • Contributing to the development and maintenance of the firm’s risk register.
  • Supporting the group’s assessment of regulatory risks as part of the enterprise risk management (ERM) framework.

Regulatory Change and Updates 

  • Monitoring compliance obligations specific to the business area.
  • Interpreting new regulations and insurance-specific legislation and advising on required business adjustments.
  • Delivering briefings and training on key regulatory topics and emerging issues.

Policy and Procedure Management 

  • Implementing, maintaining, and updating compliance policies and procedures.
  • Ensuring policies are effectively communicated, embedded, and aligned with regulatory requirements.
  • Providing guidance and training to support consistent policy application.

Record Keeping and Documentation 

  • Maintaining accurate and up-to-date compliance records, including monitoring logs and incident reports.

Who is NFP?
With over 600 people in the UK and Ireland and over 8,000 employees worldwide, NFP is part of the Aon group and specialise in helping businesses in four core areas:

  • Insurance (helping them manage key risks)
  • Health and safety (supporting them to create a safer workplace for their employees)
  • Employee benefits (helping them reward their people more effectively)
  • HR, people and talent (supporting employers and their people to thrive through changes and challenges)

What you’ll love about working here

  • working in a dynamic, fast-paced organisation in an exciting industry
  • the opportunity to do globally impactful work from day one
  • learning from industry and business line specialists with decades of experience
  • a huge variety of projects to work on and challenges to solve
  • our People First culture, which illustrates our commitment to your wellbeing and development, not just as an employee but as a human being
  • a rich suite of employee benefits and out-of-work perk

The great benefits we offer:

Finances
It’s important to know you’re paid fairly for the hard work you put in, which is why we complete regular reviews to keep your salary in line as you progress. Plus, we offer initiatives to support and give you financial peace of mind.

  • Matched employer pension contributions
  • Life Assurance and Group Income Protection
  • Lifestyle discounts for well-known brands

Work-life balance
We appreciate the importance of your life outside of work and the benefits of an effective work-life balance. That’s why our policies and culture respect your ability to be flexible, helping you be your best self both in and out of the office.

  • Opportunity for hybrid working
  • Generous annual leave allowance

Health and wellbeing
We firmly believe in supporting the whole person, not just the employee. At NFP, you have access to a number of initiatives and resources designed to support your physical and mental health and wellbeing.

  • Comprehensive Private healthcare
  • Healthcare cash plan
  • Additional days off throughout the year to focus on your wellbeing

Charity and community work
At NFP, your sense of purpose will stretch far beyond your job role. With numerous opportunities to support charities and local initiatives close to our heart, you’ll be able to join us in making a real difference.

  • Numerous charity fundraising challenges and events throughout the year
  • Opportunities to volunteer and give back to the community
  • Award-winning apprenticeship program, helping local schoolchildren take their first steps into the world of work

Social
It’s not all hard work; we also love to let our hair down. By providing plenty of opportunities to socialise with your colleagues throughout the year, we help ensure our people get on personally as well as professionally.

  • Two large employee events every year for summer and Christmas
  • Enjoy out-of-work events and socials to get to know your team better
  • Good office locations with plenty of opportunity to socialise outside of work

Inclusion and belonging
We’re proud holders of Insurance Business Magazine’s 5-Star Inclusion and Belonging Employer award. Through our dedicated Inclusion and Belonging committee, we hold educational events that foster a culture of curiosity, not judgement.

  • A dedicated Inclusion and Belonging Committee, supported by our Global Advisory Board
  • Inclusive policies and procedures to ensure all of our people are treated fairly
  • Access to Business Resource Groups that can support with multiple of key challenges

NFP and You... Better Together!

NFP is an inclusive Equal Employment Opportunity employer.

Top Skills

Compliance Systems
Regulatory Tools
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The Company
HQ: New York, New York
4,449 Employees

What We Do

NFP, an Aon company, helps companies and individuals address today’s most significant Risk Capital and Human Capital challenges. With colleagues across the U.S., Canada, UK and Ireland, and global capabilities enhanced by the Aon advantage, NFP serves a diversity of clients, industries and communities. Our collaborative team provides specialized expertise and customized solutions, including property and casualty insurance, employee benefits, life insurance, executive benefits, wealth management and retirement plan advisory. Risk Capital We provide proactive management of complex risks. Managing risk may be complicated, but we’re easy to work with – we implement new administrative technologies and solutions that work for you and your business. Our services are consultative and put your organization’s needs first. We do our research and uncover potential exposures before they’re a problem. Commercial Coverage Expertise Industry Specialty Teams Personal Risk Support Services Human Capital Discover a holistic approach to your people management strategy and individual solutions that help protect what matters. As a people first company, we recognize the importance of people at the core of our business and our lives – whether you need help with your business or with your life, our experts want to connect you with tailored solutions that meet your needs. Employee Benefits Executive Benefits Life Insurance Retirement Advisory Talent Solutions Wealth Management

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