Insurance Compliance Officer

About the Role

Our client is seeking a vigilant and knowledgeable Insurance Compliance Officer to oversee regulatory adherence within their operations based in Derby . This role is critical in ensuring the company operates ethically and legally, meeting all obligations set forth by regulatory bodies. You will be responsible for developing, implementing, and monitoring compliance policies and procedures, conducting internal audits, and providing guidance on regulatory matters. This is a key position for an individual committed to upholding the highest standards of integrity within the insurance industry.

Key Responsibilities

• Develop, implement, and maintain the company's compliance framework and policies.
• Monitor changes in insurance regulations and legislation, assessing their impact on the business.
• Conduct regular internal audits and reviews to ensure adherence to compliance standards.
• Provide training and guidance to staff on compliance matters and best practices.
• Investigate potential compliance breaches and recommend appropriate corrective actions.
• Liaise with external regulatory bodies as required.
• Prepare compliance reports for senior management and regulatory authorities.

Requirements

• Proven experience in a Compliance Officer role, preferably within the insurance or financial services sector.
• In-depth knowledge of relevant UK insurance regulations (e.g., FCA, PRA).
• Strong analytical, auditing, and problem-solving skills.
• Excellent understanding of risk management principles.
• Strong communication and interpersonal skills, with the ability to influence stakeholders.
• Relevant professional qualifications (e.g., ACAMS, ICA Diploma) are highly desirable.

Benefits

• Competitive salary and performance incentives.
• Opportunities for hybrid working arrangements.
• Comprehensive health benefits and a robust pension scheme.
• Significant opportunities for professional development and continued education.
• A key role in maintaining regulatory standards for a respected insurance firm in Derby .