Senior Compliance Business Partner

Department: [SBSS] Compliance Business Partners

Employment Type: Permanent - Full Time

Location: Bristol

Compensation: Competitive Package

Description

The Senior Compliance Business Partner role at Somerset Bridge Group (SBG) is based on a Business Partnering role to independently perform regulatory compliance advisory activities, but also provides additional direct support to the Head of Compliance Business Partners providing the opportunity for individuals to build their skillset and experience and support progression towards more senior roles.

The role of Business Partnering enables assurance, advice and guidance around regulatory matters to be given to Senior Management and the Governing Body of SBG, with Senior Business Partners undertaking a more visible role in oversighting and delivering this expertise. The role supports the group's ambition to deliver exceptional customer experiences every day by providing strategic support and advice to the business area, helping it grow while upholding the standards and requirements of the Financial Conduct Authority (FCA) and other relevant regulators.

You will be a visible and accessible compliance presence for the business and key stakeholders; the go-to person for the business on compliance and integrity matters utilising your communication and influencing skills. Whilst working closely with the Assurance and Risk teams and other business departments to support compliance with SBG policies, procedures and applicable legal and regulatory requirements. As a Senior Business Partner you will also deputise for the HoCBP whilst taking an active role in supporting and developing the other Business Partners as well as the broader Risk and Compliance function.

What you'll be responsible for:

• Building and managing effective and collaborative relationships with key business stakeholders.
• Provide effective compliance advice through the successful management of stakeholder relationships.
• Identification of emerging risks and regulatory change and supporting implementation work led by business areas.
• Supporting business areas in identifying and managing conduct related risks, including implementation of controls.
• Supporting business areas in maintaining strong regulatory relationships including by prompt, correct regulatory reporting.
• Providing subject matter expertise on UK General Insurance matters.
• Proactively provide support, guidance and challenge on compliance issues.
• Handle and document internal and regulatory queries in an adequate and timely fashion (e.g. regulatory enquiries, data queries and consultations).
• Proactively support and guide business change and operational initiatives to achieve compliance in a cost effective and business friendly manner (compliance by design).
• Become the go-to person including arrangement and delivery of internal compliance training.
• Providing input for the development of compliance policies and procedures in regard to regulatory requirements.
• Identifying & escalating risks and control deficiencies to management including solutions to mitigate future issues.

What you'll need:

• Demonstrates good knowledge of FCA regulatory requirements and key conduct related priorities within the insurance industry.
• Ability to manage a portfolio of work, and to balance the demands of maintaining high quality work and delivering to deadlines.
• A clear understanding of the concepts of risk, controls, and materiality.
• Has a methodical, analytical, curious mind and tenacity, whilst keeping objectivity.
• Quickly gets to grips with understanding new businesses, process, or products. Able to logically analyse and assess these.
• Is not intimidated by challenging or senior individuals in the business. Has the courage of their conviction.
• Sound use of judgement. Raises and reports only material issues and can agree practical and efficient solutions with the business.
• Keeps sensitive business or department information secure and confidential, without exception.
• Possesses drive and determination to develop within the role through increasing technical knowledge and building effective relationships with business areas.
• Good stakeholder management skills and the ability to develop trusted business relationships, including influencing peers.
• Genuine passion for continuous improvement through building positive relationships with regulators and researching the compliance landscape.

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