UK Compliance Officer - Allianz Partners

Location

Croydon, Greater London | United Kingdom

Job description

Joining Allianz Partners means you will join a world leading B2B2C specialist forming part of the Allianz Group, one of the world’s largest insurance and financial services group. The structure of our organization means you will be working in an international environment, working closely with local,  regional and global colleagues in driving the UK Governance framework forward.

Objective of the Role

This is an exciting opportunity for a UK Compliance Officer to join the business at a time of significant growth and change.

The UK Compliance Officer will lead the UK’s second line Compliance function to drive a robust compliance framework, managing escalations and promote compliance across the organization. In addition, the UK Compliance Officer will be a member of the Global Sales Compliance Practice Group, driving consumer protection related topics across Allianz Partners Globally.

Main Duties

• Compliance Oversight:
  • Drive timely implementation of Global compliance policies and guidelines in the first and second line including adequate reporting requirements;
  • Assess Group compliance policies against UK regulatory and legal requirements and where required ensure adequate localisation;
  • Maintain compliance policies, procedures and controls specific to the UK insurance industry and regulatory environment;
  • Monitor and assess regulatory developments related to UK insurers and insurance distribution firms and adapt the compliance program accordingly;
  • Ensure that the organization complies with all relevant UK licensing and reporting obligations;
  • Hold the SMF16 responsibility;
  • Manage the UK’s SMCR framework, including relevant trainings and oversight;
• Regulatory Liaison:
  • Serve as the primary point of contact for regulatory agencies, maintaining a strong and cooperative relationship;
  • Ensure accurate and timely preparation and submission of regulatory reports;
  • Respond to inquiries and requests from regulators promptly and professionally;
• Global Sales Compliance Practice Group Member:
  • Contribute to  the Allianz Partner’s consumer protection program globally by developing, maintaining, and improving standards, guidelines, and guidance for Allianz Partners Group 
  • Advise Allianz Partner’s lines of business globally on consumer protection matters and oversee implementation or improvement of the global consumer protection program
  • Conduct globally second line reviews on products, customer facing material or other relevant consumer protection related matters
• Training and Education:
  • Review global compliance training program against local regulatory requirements and where required, develop and deliver UK-specific compliance training programs for employees to ensure a high level of awareness and understanding of UK market and regulatory compliance requirements;
  • Keep the local and global team informed about changes in regulations and best practices in the insurance industry;
  • Monitor internal audit findings related to the Compliance function and drive appropriate remediation action across the business;

About you

• Degree educated;
• 10+ years’ experience compliance within a regulated financial services firm;
• Strong knowledge UK regulatory requirements, experience in Consumer Duty regulatory requirements;
• Experience in managing regulatory relationships;
• Excellent communication and leadership skills;
• Attention to detail and the ability to work effectively in a fast-paced, dynamic environment;
• Proactive and collaborative attitude and working style, as well as ability to interact in a global work environment and cooperate with stakeholders from different countries and cultures and be part of a global Compliance Organization

Hours:

Thirty-five hours a week. However, flexibility will be required in line with the needs of the business.

You will receive excellent training for this role as we are dedicated to ‘Achieving Excellence Through Learning.’ You are always encouraged to bring your ideas and highlight any areas for improvement in processes.

Staff Benefits

In exchange for your expertise, experience and enthusiasm, we will offer support in continuing your personal and career development, in addition to providing a wide range of employment linked benefits.

We will provide you with competitive annual leave and contribute up to 6.5% towards a company pension scheme. You will have access to a range of discounts on Allianz products, as well as vouchers and discounts for high street and online retailers. You will also benefit from our Private Medical Cover, competitive annual leave, annual Flu vaccination, annual Eye Care vouchers, discounted travel/pet/musical/home/car Insurance, Roadside Assistance free after 6 months’ probation and up to three paid days for Corporate Social Responsibility.

We also provide a comprehensive Employee Assistance Programme (EAP) which is available from day one of employment. Confidential 24/7 helpline and an app to access life, money and wellbeing resources including mental wellbeing support, debt and legal advice.

Successful applicants to our career opportunities will be able to demonstrate they share the values and behaviours we seek in our organisation.

38792 | Legal & Compliance | Management | Allianz Executive | Allianz Partners | Full-Time | Permanent

Allianz Partners is a world leading B2B2C specialist and expert in the creation and delivery of unique solutions that combine service, insurance and technology to provide worldwide protection and care.

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Great to have you on board.  Let's care for tomorrow.

**NO AGENCIES PLEASE**

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Salary