Insurance Compliance Officer

About the Role

Our client is seeking a vigilant and knowledgeable Insurance Compliance Officer to ensure adherence to all regulatory requirements and internal policies within their operations in Derby . This crucial role involves monitoring compliance, developing and implementing control frameworks, and providing guidance on regulatory changes. You will work closely with various departments to embed a strong culture of compliance and mitigate regulatory risks. The ideal candidate will possess a sharp eye for detail, a strong understanding of insurance regulations, and the ability to communicate complex requirements effectively to diverse audiences.

Key Responsibilities

• Monitor adherence to relevant insurance laws, regulations, and industry best practices.
• Develop, implement, and maintain internal compliance policies and procedures.
• Conduct regular compliance audits and risk assessments across departments.
• Investigate potential compliance breaches and recommend corrective actions.
• Provide training and guidance to staff on compliance matters and regulatory updates.
• Liaise with regulatory bodies and external auditors as required.
• Maintain up-to-date knowledge of the evolving regulatory landscape impacting the insurance sector.

Requirements

• Previous experience in a compliance , legal, or audit role within the insurance industry.
• In-depth understanding of insurance regulations (e.g., FCA, PRA in the UK).
• Strong analytical, problem-solving, and organizational skills.
• Excellent written and verbal communication skills, with the ability to explain complex regulations.
• High level of integrity and ethical conduct.
• Relevant professional qualifications in compliance or insurance are highly valued.

Benefits

• Competitive salary and benefits package.
• Opportunities for professional development and advanced compliance training.
• A key role in safeguarding the company's reputation and operations in Derby .
• Supportive work environment focused on ethical business practices.
• Contribute to the strategic direction of the company's risk management framework.