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Job Title: Compliance Manager FTC
Duration: 12 months
Salary: £90,000-100,000 annual FTC salary
Location: London/home based (2-3 days in the office per week, plus home working)
The Role:
- To enhance, monitor and maintain adequate and appropriate systems and controls to ensure all regulated entities and Appointed Representatives meet their regulatory requirements.
- To manage the regulatory requirements from the FCA rules relating to General Insurance and Consumer Credit Broking activities, including the embedding of the Consumer Duty.
- To oversee the compliance monitoring plan (CMP), including each AR monitoring plan and to ensure it is managed in accordance with the company objectives.
- Provide meaningful, timely MI to the Compliance and Governance Director and the other Board Directors/Risk Committee members.
- To provide advice and hold responsibility for the management of any parts of the FCA compliance plan or notification letters received from the FCA. To report progress to the Board members of the regulated company on a regular basis.
- To oversee the production of board reports for compliance board meetings, Group Risk & Governance Board; review Insurer audit reports and draw recommended remedial actions to the AR.
- To analyse the risk register, produce exception reporting highlighting all red and amber risks on the dashboard to the respective regulatory Board.
- Deputise for the Head of Compliance when required, attending meetings, being the point of contact, providing subject matter expertise.
Experience Required:
- Circa 5 years' work experience and previous management experience preferably in a compliance function, within the general insurance sector.
- High level interpersonal skills - ability to build successful, mutually beneficial business relationships.
- Leadership and People Management skills (this role will manage 4 direct reports)
- Strong communication skills in a variety of mediums including written; presentation and oral skills.
- Influencing and negotiation skills.
- Planning, organisational and measuring skills.
- A detailed understanding of the FCA rules such as PRIN, ICOBS, SYSC, PROD and SUP Supervision.
- A good awareness and understanding of the Consumer Duty requirements for firms.
If the above role is of interest and you fit the following criteria, please apply online for consideration. Please note that sponsorship cannot be offered for this vacancy and a notice period of 1 month or shorter can be considered.
