United Kingdom Corridor 🛡️ UK Work Eligibility 🏢 Company - Private

Summer Intern: Compliance, Legal & Risk

🏢 Zurich Insurance • 📍 Douglas, Scotland • 🕒 2 days ago

Salary Range

£40,055 - £61,325

£3,338 - £5,110 / mo

Verified Corporate Employer (UK Employment Corridor)

This vacancy is published by an accredited employer with authorized corporate payroll and standard compliance adherence.

Transatlantic Cost of Living & Purchasing Power Benchmark

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Location Base

Douglas, Scotland

Tier-1 UK Economic Zone

Est. Take-Home Pay

68% - 74% (After PAYE & NI)

Single tax filer baseline

Transatlantic Parity

1.0 GBP ≈ $1.28 USD Living Standard

Direct corporate benchmark

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Position Overview & Specifications

Zurich 2023 Summer Internship

Job title: Summer Intern – Compliance, Legal & Risk
Location: Douglas, Isle of Man

Closing date for applications: 21st April 2023

Are you a passionate and driven student who is eager to gain paid experience during your summer break?
Our summer programmes give you a real job with real responsibility and a taste for how a global insurer operates. Our 2023 internship roles have been carefully designed to provide you with opportunities to build up a strong understanding of our culture and how we serve our customers.

Who are we looking for?
We are looking for an enthusiastic and passionate student to join us across our Compliance, Legal and Risk functions; where you will gain insight into the core elements of a Compliance framework, general risk management awareness and a greater understanding of legislation and regulation on the Isle of Man for Insurers.

Skills and experience….

Strong academic performance in any discipline.
Naturally curious and inquisitive.
Demonstrates empathy: being able to put yourself in other peoples’ shoes and to show care and concern for others around you.
A problem solver, who is open to innovation and will challenge the status quo to get the best result.
Strong time management and organisational skills.

A bit more about what you will be doing….

Gain insight into the core elements of a Compliance framework including areas such as assurance, managing regulatory relationships and communications, regulatory and group compliance reporting obligations, and gain hands on experience by providing support to the Compliance Function during the placement period.
Gain insight into the different topical compliance subject areas, such as prevention of financial crime, data protection and treating customers fairly and experience how these areas are managed within the Compliance function.
How risk management interact with the business (include attendance at risk meetings eg a functional risk review).
How to perform a risk assessment and take part in assessment process / assist with updating profiles.
Operational Event Management – shadow root cause analysis.
Insight into becoming a Manx advocate and the route to the profession.
Legislation and regulation on the Isle of Man for Insurers.
Assisting in preparing legal training for the business.
Conducting the regulatory tracking for the week.
Drafting legal reports.

Why a Zurich Summer Internship?

Competitive pro rata salary
25 days holiday pro rata for the duration of the internship
Gain experience of a fast-moving, competitive, and business-focused environment whilst completing your studies!
Free car parking
Free fruit on a weekly basis
Employer of the year

Who are we?
We are Zurich International Life!

We support our fellow business units who provide life and savings products to markets around the world. Based out of the Isle of Man since 1982, Zurich has built a strong reputation as a reliable, dependable yet innovative insurer and regularly receives recognition and awards from the industry.

We believe in having a diverse mix of employees that reflects our customers and the communities in which we live and work. Our diversity and inclusion initiatives are shaping an environment where everyone feels welcome. We are committed to continuous improvement, and we offer access to a comprehensive range of training and development opportunities. Zurich is passionate about supporting employees to help others by getting involved in volunteering, charitable and community actively through the Zurich Community Trust.

This role is based in our state-of-the-art Isle of Man office alongside a further 300 employees at this location.

Please take a look at the video for an insight into Zurich:
https://players.brightcove.net/5768412917001/default_default/index.html?videoId=6318953386112

So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.