Compliance Specialist – Dublin or Cork Based – GWL9 – Permanent

Job title: Compliance Specialist – Dublin or Cork Based – GWL9 – Permanent

Company: Irish Life


Job description:

• Full Time Permanent position
• Hybrid role Dublin or Cork based

What we offerWe have embraced a hybrid working model for most of our positions, which means that you can enjoy a balanced approach of working from home for part of the week and working from the office for the remainder of the week.We offer a comprehensive benefits package including competitive salaries and bonuses, robust Learning and Development support, excellent Defined Contribution pension and comprehensive Wellbeing initiatives and support to name but a few.Further details on our benefits package can be accessed hereThe TeamWe are recruiting for a Compliance Specialist who will join the Irish Life Health (ILH) Compliance team. The Compliance team is a small and collaborative team of professional staff who are responsible for providing independent challenge and advice on compliance matters to the ILH Business and Senior management.Key components of the work of the compliance team are:

• Implementation and maintenance of compliance frameworks;
• Assessment of the adequacy of, adherence to, and effectiveness of regulatory compliance management controls which is partly achieved through conducting independent risk-based monitoring and testing of regulatory compliance across ILH.
• Preparation of regular high quality compliance related reports
• Oversight of the complaints process
• Management of complaints that escalate to the Financial Services and Pensions Ombudsman
• Assisting with other compliance tasks including the sign off of marketing materials, errors management etc.

The RoleReporting to the Compliance Manager, the successful applicant will support the Compliance function in achieving its objectives. In particular the successful applicant will play a key role in supporting the continued implementation of the compliance framework and delivering the annual compliance plan that is brought to the ILH Board annually. This a good opportunity to enter into a career in Regulatory Compliance.The key responsibilities of the role include:

• Assisting as required in the production of high quality compliance related reports to senior management.
• Day to Management of the compliance framework.
• Involvement in the review, implementation and maintenance of policies, training and other initiatives.
• Becoming familiar with certain key business processes within ILH which carry compliance and regulatory risk and with certain key regulations and compliance requirements relating to ILH’s business together with the associated control processes in place to achieve compliance.
• Involvement in the compliance monitoring process. This will involve conducting the review and communicating issues found to management, and where necessary agreeing action plans and tracking the issue resolution within agreed timelines.
• Building effective business relationships with various stakeholders an essential input to executing work in a reliable and collaborative fashion and to achieve compliance objectives.
• Providing advice, support and where necessary development of guidance on regulatory matters to the business as required and to support a common understanding and interpretation of common regulatory matters and other aspects of the compliance framework.
• As required, assist in the compilation and accuracy validation of ILH regulatory data to support management review and submission of regulatory returns.
• Providing support and input into Compliance projects that may arise.
• Assisting with other compliance tasks as allocated by the Compliance Manager including the sign off of marketing materials, errors management and oversight of Complaints etc.
• Proactively engage with the FSPO during the dispute resolution process to ensure that the best outcome is reached for ILH and the customer. Liaise with the business on the preparation of submissions to customers and FSPO office to defend our position on FSPO complaints.

What you will need to be successful in the roleIdeally the successful candidate will have some or all of the following:

• Experience in an oversight function, preferably in a non-life insurance company or other financial services company
• APA PMI qualification (or similar)
• Working towards or be willing to complete the ACOI Professional Diploma in Compliance
• Knowledge of key regulatory requirements relevant to the financial services industry. Some compliance/risk monitoring experience would be an advantage.
• Excellent written and verbal communication skills, including a high level of attention to detail and with an ability to identify, summarise and present key information to a senior audience.
• Strong project management and time management skills, with an ability to manage competing priority deadlines.
• Strong team player who works with team members and independently to deliver on all objectives.
• Enthusiastic and motivated, with a strong work ethic along with ownership for all deliverables.
• An ability to work across teams to achieve objectives, and confidence in dealing with people at all levels in the organisation.

Key CompetenciesCommunication and InfluencingProblem Solving and Decision MakingRisk and ControlCommercial AwarenessPlanning and OrganisingFitness & ProbityThis role is a ‘controlled function’ as set out in the Central Bank Reform Act 2010 and defined by the Fitness and Probity Regulations and Standards 2011. Any appointment will be conditional on the company being satisfied that the appointee meets the requirements as set out in the Fitness and Probity standards issued by the Central Bank. This requires the company to complete prescribed due diligence to assess the appointee’s fitness and probity. Further details on this due diligence process are available from Human Resources.About usIrish Life is one of Ireland’s largest financial institutions with a presence across a range of financial services markets. We are one of Ireland’s leading financial services groups with over 1.5 million customers. For over 80 years, we’ve been helping people to look after their life insurance, pension and investment needs, and more recently their health insurance.It is a subsidiary of Great-West Lifeco and a member of the Power Financial Corporation group of companies.We are proud of our culture of developing and supporting the growth and professional development of our people. The focus has resulted in a team of top talent with high standards, positioning us at the forefront of our industry.The company reserves the right to draw up a shortlist as part of the selection process. Where Agency assistance is required the Irish Life Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Irish Life by Recruitment Agencies will not be accepted for this role.Irish Life is proud to be an Equal Opportunities employer. We have created an environment of inclusion and growth to help people achieve their potential, to ensure they can bring their whole selves to work and to feel valued. We celebrate diversity of thought and perspective and want all of our employees to feel valued, respected and supported.We have built a culture that promotes equality and inclusion for all of our current and future employees and strive to ensure that our behaviours, processes and practices are aligned to this culture.If you require any accommodations during the recruitment process please contact lifecareers@irishlife.ie and we will be delighted to ensure you are fully supported to be your best.Irish Life Group Services supports Equal Opportunity.

Expected salary:

Location: Cork

Job date: Sat, 12 Apr 2025 02:25:24 GMT

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