Job Description

Description

We are seeking a Compliance Assurance Officer to help safeguard Somerset Bridge Group's integrity and ensure full compliance with regulatory standards. In this pivotal role, you will deliver the compliance assurance plan by independently conducting regulatory assurance and monitoring activities.

You will assess the effectiveness of regulatory and conduct risk controls, providing clear assurance to Senior Management and the Governing Body. Your work will be critical in identifying, monitoring, and reporting compliance risks--protecting SBG's reputation and ensuring operations remain within legal and regulatory frameworks.


Collaboration is key: you'll work closely with senior stakeholders and cross-functional teams to strengthen the internal control environment and drive a culture of compliance across the Group.

Key Responsibilities

Conduct assurance monitoring and report compliance outcomes to stakeholders. Deliver training and guidance to promote understanding and adherence to regulatory requirements. Build strong relationships with stakeholders and second-line functions to optimise assurance coverage and minimise duplication. Monitor regulatory changes and provide timely insights to ensure compliance with evolving standards. Advise and challenge on compliance issues, contributing to the SBG's compliance strategy. Identify and escalate risks,recommending solutions to address control deficiencies and mitigate future issues. Manage assurance work streams, ensuring timely completion, high-quality reporting, and effective follow-up on agreed actions. Analyse data trends and anomalies using monitoring and testing tools to strengthen risk management.

Skills, Knowledge and Expertise

Strong knowledge of FCA regulatory requirements and conduct priorities, ideally in insurance. Ability to interpret and apply regulations to business deliverables. Skilled in coordinating assurance activities, collating evidence, and ensuring compliance. Effective self-management of workload, balancing quality and deadlines. Solid understanding of risk, controls, and materiality. Excellent verbal and written communication, including report writing. Strong analytical skills for data review, trend identification, and anomaly detection. Methodical, inquisitive, and detail-oriented approach. Commitment to confidentiality and secure handling of sensitive information. Proactive in developing technical knowledge and continuous learning. Strong stakeholder management and relationship-building skills. Research capability to stay updated on regulatory changes and industry trends. Proficient IT skills for assurance tasks.

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.