Join to apply for the Senior Compliance Business Partner role at Somerset Bridge Group

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.
• 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
• 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.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Accounting/Auditing

Industries

• Insurance