Compliance Business Partner, Homeprotect
+ Annual discretionary bonus scheme (up to 20%)
Office located in New Malden, London
Specialist home & property insurance
Job no longer available
Specialist home & property insurance
101-200 employees
Job no longer available
+ Annual discretionary bonus scheme (up to 20%)
Office located in New Malden, London
101-200 employees
Company mission
To provide protection to people underserved by the home insurance industry.
Role
Who you are
- Previous experience working in a regulated insurance environment, ideally in compliance
- Understanding of operational processes and awareness of the customer risks that can arise in a complex insurance business
- Expert in insurance regulations, including knowledge of areas such as product governance and pricing regulations (e.g. General Insurance Pricing Practices, GIPP)
- Collaborative approach and ability to develop effective working relationships with a wide range of internal colleagues, including management and operational teams
- Comfortable working with partners such as underwriters and outsourced service providers, representing compliance interests professionally
- Ability to support communication with regulators (e.g. FCA) as required by senior colleagues
- Capable of collating, analysing and summarising management information (MI) to identify trends or risk indicators
- Able to prepare clear, concise compliance reports and summaries for review by management or committees
- Able to exercise sound judgement in identifying compliance and risk issues, escalating matters appropriately
- Demonstrates pragmatism and a proportionate approach to risk management, suited to the context of the business
- Confident in offering advice with both assertiveness and diplomacy, as the situation requires
What the job involves
- Support the development, maintenance and updating of the company’s compliance policies and procedures
- Assist with monitoring progress against the annual Compliance Plan
- Liaise with internal teams, including audit and risk, to help ensure a joined-up approach across “three lines of defence” control functions
- Keep up to date with new regulatory developments and FCA guidance, highlighting relevant changes to senior colleagues and the business
- Help maintain and update risk registers and support effective communication of risk-related issues to relevant stakeholders
- Assist with the implementation and monitoring of risk mitigation strategies
- Support the identification and management of operational risks by working closely with business units and management teams
- Contribute to the review of controls and processes, suggesting improvements for risk management where needed
- Collaborate with colleagues across the business to promote a positive compliance culture
- Act as a role model for company values and standards through everyday behaviour and interactions
- Prepare and distribute compliance and risk reports, management information, and summaries as required for management and governance committees
- Escalate emerging issues and significant findings to senior compliance colleagues
- Act with integrity, following all regulatory frameworks set by the FCA to support good outcomes for customers
- Maintain effective working relationships with the FCA as directed by line management, helping to ensure cooperative and open communication when required
- Provide day-to-day advice and guidance to colleagues on compliance and risk queries, escalating more complex issues as necessary
- Assist in maintaining the company’s Governance Compliance Framework, helping to ensure it remains robust and effective
- Support management in fulfilling governance responsibilities by preparing materials, responding to requests for information, and assisting with governance reviews
Salary benchmarks
Our take
Homeprotect is run by insurtech group Avantia, which has been around since 2002 and seemingly stayed abreast of the rapid digitisation of the insurance industry. The company leverages big data and machine learning, as well as underwriting from AXA Insurance, to provide home insurance quotes in seconds.
While there is no shortage of insurance marketplaces like this, Homeprotect’s value differentiator is its focus on sourcing affordable quotes for customers with non-standard needs such as at-risk, listed, vacant properties, or properties containing rare valuables.
Having secured major investment from ECI Partners over a series of funding rounds, Avantia has been investing heavily in Homeprotect’s tech and predictive capabilities, which has led to consistent annual revenue increases as the company strives to hold its own in a competitive market.
Steph
Company Specialist at Welcome to the Jungle
Insights
41% employee growth in 12 months
Company
Company HQ
New Malden, UK
Leadership
Mark Eastham
(CEO)Joined as CEO in 2015 after an 11 year spell at Dixon's Carphone, where they rose to become UK General Manager.
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