Risk & Compliance Graduate

We’re First Central Insurance & Technology Group (First Central for short), an award-winning innovative insurance and technology organisation, delivering market-leading motor insurance, underwriting, distribution, finance, technology and legal services.

Ambitious team players can make their mark here… Sound like you? You'll fit right in.

We currently have an exciting opportunity for a Graduate to join our SICL Risk Management and Compliance team in Salford Quays, Manchester.

Alongside in-house training and development, you will be supported to achieve a L6 Senior Compliance and Risk Specialist Apprenticeship over a period of 24 months, in partnership with an external training provider.

To be successful in this role, you’ll need to:

• Hold a minimum 2:1 degree in a mathematical, actuarial science/statistical or risk-based discipline

• Be aware of the regulatory rules, regulations, principles, and codes of practice and legislative framework affecting the financial services sector

• Demonstrate keen interest in pursuing a career in the insurance sector

Job Purpose:

The SICL Risk & Compliance Graduate will support SICL’s Risk Management and Compliance function, reporting to SICL Risk Manager on a day-to-day basis whilst working closely with the SICL Head of Risk & Compliance and other team’s members. The Risk & Compliance Graduate role provides support leading to the identification and assessment of risks and risk controls across the business, required to meet strategic goals. It supports the production of the Solvency II regulatory submissions including but not limited: ORSA, SFCR and RSR.

Job Responsibilities:

• Provide Risk Management support leading to the identification and assessment of risks and risk controls across the business, required to meet strategic goals.

• Support the production of the Regulatory Reports (ORSA, SFCR, RSR) for review by the SICL Audit, Risk & Corporate Governance Committee, and Board.

• To have a basic understanding of the key regulatory and statutory rules, regulations, principles and codes of practice incumbent upon SICL in so far as they are relevant to the delivery of appropriate Regulatory Reports, and to keep such awareness up to date.

• To support Group companies and relevant operational departments to embed Risk Management within business processes and ensure they are appropriately owned and controlled.

• Support the maintenance of the Risk Register and Risk Mitigation Action Log.

• Comply with the requirements, and act in accordance with, the Group Code of Conduct and Fitness and Propriety Policies.

• Any other reasonable duties as required.

Competencies:

Qualifications

• Minimum 2:1 in a mathematical, actuarial science/statistical or risk-based degree, or 3 years’ experience

Preferred experience

• Awareness of Solvency II and it’s impacts for financial services sector

• Some risk management or compliance experience in financial services, preferably insurance sector desirable but not essential or the ability to demonstrate keen interest in pursuing a career in the sector..

Skills

• Good communication skills (oral and written) and numeracy

• Good time management and organisation skills

• Ability to question and obtain information from others

• Attention to detail

• Analytical thinker with clear ability to distil into key points

• Problem solving, with the ability to translate issues and find resolutions

• Competent use of IT and software (i.e. Excel, Word and PowerPoint)

Knowledge

• An awareness of regulatory rules, regulations, principles, and codes of practice and of the wider regulatory and legislative framework affecting the financial services sector

• Basic knowledge/awareness of motor insurance products and the motor insurance industry

Behaviours

• Self-motivated and enthusiastic

• An organised and pro-active approach

• Ability to work on own initiative and as part of a team

• A flexible approach and positive attitude

• High level of integrity and reliability

What can we do for you?

We believe we can offer you a great working environment as we’re so passionate about our people. Here are just some of the benefits and perks that we offer…

• Fantastic training and development opportunities
• Employee benefit packages to suit your lifestyle
• Flexible working
• YOUday – we give you an extra day off to celebrate a special day
• The opportunity to take a paid day off each year to do charity work
• A health cash plan
• Help with travel expenses
• The opportunity to buy additional holiday
• Company pension scheme
• Group life assurance
• Enhanced maternity and paternity pay
• Professional subscription fees paid

Employee wellbeing is high on the agenda here too. We provide discounted membership at a local health club and access to an Employee Assistance Programme, which promotes physical and emotional wellbeing at work and at home. In addition, we provide wellbeing events throughout the year to support physical and mental health.

For further information on what we can offer and to learn more about this role, feel free to contact our dedicated Talent team.

View more about our Benefits