Work as a 1LOD Compliance Business Partner in Lincoln
This role reports into the Compliance Manager and requires an individual to work alongside the brands within Barbon to find solutions, resolve issues and deliver actions. The role will:
Support Barbon with delivery of strategic initiatives to aid the business to grow and succeed in a compliant way,and helps achieve the right balance between risk taking and control.
Support Barbon with delivery of operational priorities to reduce regulatory risk associated with our products and how we sell them.
Support Barbon with the assessment of risk and application of proportionate controls
Manage breaches & E&O’s through to completion.
Ensure the implementation of advice and guidance from 2LoD.
Ensure the business operates in line with Group policies and procedures.
Key Responsibilities:
Work with Barbon to drive delivery of activity that supports the business objectives, whilst ensuring adherence to regulation.
Work with 2LoD to ensure advice and guidance is interpreted and implemented in line with Barbon’s risk appetite.
Manage the oversight of regulatory partners, escalating where appropriate.
Responsible for compiling product governance paperwork.
Feed relevant information and recommendations into all compliance and governance forums- responsible for compliance commentary for monthly, quarterly and regulatory reports.
Highlight the priority compliance actions for Barbon by analysing conduct MI and undertaking trend and root cause analysis.
Ensure regulatory reporting is completed, accurate and submitted in a timely manner.
Providing information and support in connection with audits and supporting the monitoring and closing out of remedial actions.
Oversight of regulated complaints and Quality Assurance.
Timely escalation of issues to the Compliance Manager.
Ensure Barbon’s controls are effective and take action to improve/close gaps where necessary.
Sign off financial promotions within the remit of 1LoD.
Support Barbon with the creation of compliant customer documentation, undertake regular reviews of approved material and ensure regulator changes are implemented.
Support and where appropriate own the management of breaches and E&O’s and resolution focussing on root cause and control effectiveness.
Essential:
Minimum of 2 years experience working in a risk & compliance role within the general insurance industry
Understanding of the FCA handbook including but not limited to:
ICOBS
PROD
DISP
SYSC
Distribution models – AR/IAR/IO/PIP
Experience of;
Consumer Duty
Financial Promotions sign off
Breach & E&O management
Regulatory relationships
Pricing Practices
Commercial Insurances
Strong relationship building
Determined - focussed on action and delivery
Strong and clear communication
Attention to detail and accuracy
Multitask multiple priorities simultaneously
Root Cause Analysis
Ability to take a pragmatic approach
Support a positive compliance culture
Flexible and pragmatic
Solutions focussed
Customer focussed
A doer, willing to get stuck in
Resilient
Self-Motivated
Desirable:
Degree
Relevant financial services, insurance or compliance qualifications
Experience working with third parties; engagement and oversight.
Experience of private rental sector.
Good knowledge of the Insurance Distribution Directive
Further information
As well as a competitive salary we offer the following benefits -
Competitive holiday allowance with the annual option to buy additional days
Death in Service benefit of x4 salary
Company pension scheme
Enhanced maternity and paternity leave packages
A flexible benefits package which allows you to add additional benefits to your overall package
Our benefits portal offers discounts on technology & electronics, cinemas, restaurants, days out, mortgage advice, travel and many more
Referral schemes
Discounted rates on PIB products
We offer a first-class employee benefits and welfare package to support our employees with financial management, cycle to work scheme, counselling support, health screening, will writing, menopause support, books, stopping smoking and much more
If supporting the local community, engaging with charities and having the opportunity to ‘give something back’ interests you, you have the opportunity to take an extra day to support this with a Volunteering day.
We also offer a wide range of discounts including a kids pass – giving you discount to over 4500 attractions and activities, discounts at hairdressers and beauticians, climate change projects with lots of other options to choose
We are proud of our success and growth and have been recognised for many industry awards across our business. If you wish to work for a company that truly puts people at the heart of their organisation, then we would love to hear from you. PIB operates a
flexible working policy, and our management teams will talk to you about how that would meet both your flexible working needs and those of the business and role you are applying for. We would love to hear from you if you want to hear more about opportunities
in PIB.We are an equal opportunities employer, committed to hiring a diverse and inclusive workforce. We do not discriminate on the basis of race, colour, gender, religion, disability, age, sexual orientation or any other characteristic protected by law.
REF-211 375
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