Benefact Group
Risk & Compliance Trainee
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Working hours: 35 hours per week, Monday to Friday
Duration: Permanent
Location: Newcastle
About the role
Lycetts Insurance Brokers, who are proudly part of Benefact Group, are looking for a Risk & Compliance Trainee to join our Newcastle office.
This is an excellent opportunity to build a career in risk and compliance, developing your knowledge of regulatory requirements, operational risk management, and governance within a leading financial services business. Working closely with the Compliance Director and wider Risk & Compliance team, you'll support the implementation of systems and controls that promote good client outcomes, while helping to ensure compliance with FCA, financial crime and data protection requirements. You'll also gain valuable experience by collaborating with colleagues across the business, analysing information, maintaining accurate records and contributing to a strong culture of compliance and risk awareness.
Why join us?
Join a collaborative and inclusive culture that’s committed to making a difference and building a more sustainable future. Ranked amongst the UK's 15 Best Big Companies to Work For in 2025, we offer fantastic career and development opportunities within a rapidly growing, innovative Group - where all profits go to charity and good causes.
What you'll be doing
- Support the Compliance Director, Risk & Compliance Team Leader and Compliance Officers, to help ensure systems and controls are in place to support good client outcomes.
- Assist with the key activities required under ICOBS/COBS, DISP, PROD, T&C, CASS5, CONC, SYSC and other sections of the FCA handbook, as well as Financial Crime and Data Protection requirements.
- Provide day-to-day support across the function, including administration, record keeping and follow-up activities.
- Work with teams across the business to promote a culture of compliance and risk awareness.
- Review and analyse information carefully, maintaining accurate records, supporting accurate reporting, and compliance documentation.
- Build knowledge of regulations, internal policies and operations by asking questions, seeking feedback and applying learning.
- Manage tasks effectively, works to agreed deadlines, and balances competing priorities while maintaining quality and accuracy.
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What you'll need to have
- A genuine interest in governance, compliance, and risk management. With a commitment to supporting good client outcomes.
- A willingness to learn, ask appropriate questions, take initiative and apply new information.
- Strong attention to detail and the ability to analyse information critically
- Excellent written and verbal communication skills, with the confidence to engage professionally with colleagues at all levels
- Competent IT skills, including the ability to use Microsoft Office applications and learn relevant business systems.
What we offer
- A competitive salary - let's discuss it
- Hybrid working available upon successful completion of probation
- Employer pension contribution of 5% rising to 10% after 5 years membership of the pension scheme
- Annual Bonus scheme (Discretionary based on individual and company performance)
- Life Assurance cover up to 4 x salary, and Group Income Protection scheme up to 65% of salary
- 25 days annual leave plus bank holidays (rising to 26 and 27 for 5 and 10 years’ service respectively)
- Career development opportunities with funded support and financial incentives for all professional qualifications.
- An Employee Assistance Programme with a wide range of benefits helping employees to stay healthy and feel supported.
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About us
The Lycetts Group has over 60 years’ experience of providing a comprehensive range of insurance, risk management and financial advice to a broad cross section of commercial and private clients. We strive to be a trusted adviser to our clients and are proud of our continued high client satisfaction scores.
Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and have been the 3rd largest UK corporate donor over a decade*, having given away £250 million since 2014. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size.
We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better.
At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We are a community made up of people with a range of different backgrounds, abilities, perspectives, beliefs and interests and we value the strength this brings to us as a Group. We welcome applications from everyone.
If you need any additional support during the recruitment process, then please let us know.
*Directory of Social Change’s UK Guides to Company Giving 2017-26
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