We are recruiting for a First Line Compliance & Risk Associate to assist in the management of First Line governance, and to help manage a framework that promotes the embedding of structures and processes that improve the provision of Governance, Risk and Compliance services across different business areas.
The ideal candidate will have previously worked within the Insurance sector with Compliance and / or risk experience.
What you’ll be responsible for:
- Support the First Line Compliance & Risk team and business areas in effectively managing compliance risks faced by the business.
- Manage the team mailbox, allocating and dealing with requests as appropriate.
- Review relevant registers and versioned documents in an effective and efficient way for appropriate business areas.
- Gain an understanding of the FCA handbook
- Assisting business areas implement the rules and principles of all relevant regulators into policies, procedures and processes.
- Promoting a culture of rigorous thinking and controls to satisfy SBG risk appetite statements and enable sustainable business growth.
- Work on our regulated entity’s Fair Value Assessments.
- Keep our regulated entity’s Operational Resilience, Business Continuity Planning, and Wind Down Planning up to date.
- Gain an understanding of the UK and EU Data Protection and privacy legislation.
- Stay up to date on industry developments through horizon scanning.
- Be able to question and direct stakeholders on governance issues and be a point of contact for the First Line Compliance & Risk team.
- Proactively identify, manage and mitigate business risks encountered as part of day to day role.
What you’ll need:
- Experience of working in a regulated environment and applying relevant regulations
- Understanding of the insurance market and relevant products and services
- Negotiation and influencing skills
- Able to work with autonomy and as part of a team
- Excellent attention to detail and accuracy to work outputs at all times
- Ability to handle a high workload in an organised manner and to have an excellent standard within strict deadlines
- Proactively establish and maintain effective working team relationships with all business areas
- Multi-site experience with ability to travel to South Africa.
Our Benefits
- Hybrid working – 2 days in the office and 3 days working from home
- 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
- Discretionary annual bonus
- Pension scheme – 5% employee, 6% employer
- Flexible working – we will always consider applications for those who require less than the advertised hours
- Flexi-time
- Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
- Electric vehicle – salary sacrifice scheme
- 100’s of exclusive retailer discounts
- Professional wellbeing, health & fitness app - Wrkit
- Enhanced parental leave, including time off for IVF appointments
- Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
- Life Assurance - 4 times your salary
- 25% Car Insurance Discount
- 20% Travel Insurance Discount
- Cycle to Work Scheme
- Employee Referral Scheme
- Community support day
About Somerset Bridge Group
Somerset Bridge Group is dedicated to delivering fair products and innovative services in the insurance industry. Our group focuses on underwriting, broking, and claims handling to provide sustainable and innovative insurance solutions. Somerset Bridge Insurance Services Limited, operating under GoSkippy and Vavista, offers insurance coverage to over 700,000 customers. Somerset Bridge Limited handles underwriting and claims, processing almost 50,000 claims annually. Somerset Bridge Shared Services Limited provides essential support functions to ensure operational efficiency and compliance. With a strong commitment to values, culture, and customer service excellence, Somerset Bridge Group is recognised for its industry awards and growth. Join us to be part of a dynamic team that fosters creative thinking and personal development.
We are very proud to have been awarded a Silver Accreditation from Investors in People! We recognise that all of our people contribute to our success. That's why we are always looking for talented people to join our team - people who share our vision, who are passionate about what they do, and who want to be part of something special.
Equal Opportunity Employer
Somerset Bridge Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. We prohibit discrimination or harassment of any kind based on race, color, religion, national origin, sexual orientation, gender, gender identity or expression, age, pregnancy, physical or mental disability, genetic factors or other characteristics protected by law. SBG makes hiring decisions based solely on qualifications, skills and business requirements.
Application Deadline
June 06, 2025
Department
[SBSS] (1st Line) Customer Compliance & Risk
Employment Type
Permanent - Full Time
Location
Newcastle
Workplace type
Hybrid
Compensation
£35,000 - £41,000 / year
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