Compliance Business Partner

Somerset Bridge Group; Newcastle upon Tyne; Hybrid; GBP 44,000 - 51,000; Full time

Job summary

A regulatory compliance firm is seeking a Compliance Business Partner in Newcastle. This role focuses on providing compliance advice, managing stakeholder relationships, and ensuring adherence to FCA standards. Responsibilities include identifying regulatory changes, training staff on compliance issues, and maintaining regulatory relationships. The firm offers a hybrid working model, 25-30 days leave based on service, discretionary bonuses, and several employee benefits, including a pension scheme and healthcare cashback.

Benefits

Hybrid working

25 days annual leave

Discretionary annual bonus

Pension scheme

Healthcare Cash Plan

Cycle to Work Scheme

Qualifications

• Good knowledge of FCA regulatory requirements in the insurance industry.
• Ability to manage a diverse portfolio of work.
• Clear understanding of risk, controls, and materiality.
• Excellent verbal and written communication skills.
• Methodical and analytical mindset.

Responsibilities

• Build and manage relationships with key stakeholders.
• Provide compliance advice and support business areas.
• Identify risks and regulatory changes.
• Provide subject matter expertise on UK General Insurance.
• Handle regulatory queries in a timely manner.

Skills

Knowledge of FCA regulatory requirements

Stakeholder management

Analytical skills

Communication skills

Understanding of risk and controls

Education

ICA or equivalent qualification

Job description

Compliance Business Partner

Application Deadline: 3 February 2026

Department: [SBSS] Compliance Business Partners

Employment Type: Permanent - Full Time

Location: Newcastle

Compensation: £44,250 - £50,500 / year

Description

The Compliance Business Partner role at Somerset Bridge Group (SBG) is designed to independently perform regulatory compliance advisory activities. This enables assurance to be given to Senior Management and the Governing Body of SBG, ensuring the company operates with integrity. 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).

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 Compliance Assurance team and other business departments to maintain compliance with SBG policies, procedures and applicable legal and regulatory requirements.

What you'll be responsible for:

• Building and managing effective and collaborative relationships with key business stakeholders.
• Providing 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 providing support, guidance and challenge on compliance issues.
• Handling and documenting internal and regulatory queries in an adequate and timely fashion (e.g. regulatory enquiries, data queries and consultations).
• Proactively supporting and guiding 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 and 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.
• Excellent verbal and written communicator.
• 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.
• ICA or equivalent qualification is desirable.

Our 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