Risk and Compliance Monitoring Officer
Risk and Compliance Monitoring Officer Location - Lincolnremote working or part time. Salary - Up to £35k Experienced Risk & Compliance Monitoring Officer is needed for a leading insurance company based in Lincoln. This role will involve supporting the wider business by assessing the effectiveness of all operational controls and assisting in embedding the risk management framework. The ideal person will have experience of risk and compliance monitoring within a regulated financial services environment. This company are offering flexible working so if people need to work from home then this can be accomodated. Alternatively the role could be offered on a part time basis. Key Tasks and Accountabilities - To maintain a strong assurance culture through robust monitoring processes to identify any regulatory or control weaknesses. Monitoring activities to include thematic / BAU monitoring reviews and assessment of risk mitigation controls - Collation of data to populate the conduct risk dashboard, analysis and provision of support to relevant business areas when negative trends are identified - To conduct post sales and post claim surveys, ensure compliant with all relevant policies and regulations; analysing responses. Record and escalate breaches to the appropriate source - To review any suspicions raised from referencing and legal and claims, undertaking in-depth investigations on information provided. - To review and sign off product literature, marketing and training material in accordance with the financial promotions process - To report immediately all incidents/breaches/loss events and near miss reports in accordance with the risk management framework. - To maintain accurate records, for audit trail purposes, for all work carried out - To continually maintain and develop regulatory and risk management knowledge Experience - not all essential - An understanding of the FCA rules / principles for conducting general insurance business; particularly, ICOBS, SYSC and DISP sections of the FCA handbook - Experience of risk-based compliance monitoring and supporting a risk management framework - Understanding of the financial promotion rules and ideally experience of financial promotions vetting - An understanding of the Insurance Broking and Lettings market - Experience of report writing to articulate the output from risk and compliance monitoring work to support continuous process improvement - A relevant professional qualification such as CII, Cergi or ICA This company offer a modern collaborative working environment with a host of benefits to enjoy as well as continued support to develop your career. If you are interested in finding out more then please pass on an up to date CV for immediate consideration.