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Compliance Manager Insurance

Arthur
Posted 11 hours ago, valid for 11 days
Location

London, Greater London EC2V 7WS, England

Salary

£50,000 - £60,000 per annum

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Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The Compliance Manager position in London/Hybrid offers a salary of £100,000 and requires strong technical compliance experience, ideally in the UK insurance sector.
  • The role involves implementing compliance policies, advising stakeholders, and ensuring adherence to laws and regulations, particularly those set by the FCA.
  • Key responsibilities include supporting the Head of Compliance, managing the compliance team, and executing the Compliance Monitoring Programme.
  • Candidates should possess substantial experience in the London market, with knowledge of the FCA Handbook and experience dealing with regulators like Lloyd's and the FCA.
  • The ideal candidate will have excellent communication skills, the ability to work independently, and a comprehensive understanding of compliance-related issues such as financial crime and conduct risk.
Compliance Manager (Insurance)London/Hybrid£100,000The role will be responsible for implementing compliance policies and procedures across all areas of the UK Insurance business, advising internal stakeholders on all aspects of compliance. The Compliance Manager is responsible for delivering exceptional service to underwriting teams and other business functions. Key duties• Support the Head of Compliance in managing the Group’s compliance function, including the operational management of the compliance team• Ensure compliance with all internal policies, all laws and regulations applicable to its activities, including activities authorised and regulated by the FCA.• Understand and identify the domestic regulatory requirements applicable to the business.• Support the Head of Compliance in the preparation of the Compliance and Risk Report, and the preparation of the supporting pack. • Support the Compliance Monitoring Manager in the planning and roll-out of the Compliance Monitoring Programme. • Effectively operate our compliance systems and controls, including our financial crime and sanctions controls and conduct risk controls, with a focus on continuous improvement of these. • Support the Head of Compliance on key UK regulatory change projects, such as embedding the Consumer Duty. • Support the legislative monitoring process, including the identification of relevant regulatory and legal developments, and the communication of these to the business. • Support the design and delivery of appropriate regulatory training to staff.• Provide advice to business stakeholders in respect of compliance queries. Skills • Demonstrated technical compliance experience, ideally acquired working at a Lloyd’s managing agent or UK based company market insurer. • Ability to work independently in a high pace environment and on own initiative, whilst being part of a wider team. • Excellent verbal and written communication skills including excellent report writing skills and attention to detail. • Ability to build strong and productive relationships with internal stakeholders, working collaboratively along with stakeholder management skills. • Sound judgement and business acumen with a professional and discreet manner.Experience• Strong technical knowledge of the FCA Handbook and / or Lloyd’s Principles, alongside the application of a principles based regulatory framework highly regarded. • London market insurance experience essential, either with a managing agent, insurer, broker or MGA • Experience dealing with regulators, particularly Lloyd’s and the FCA, highly regarded.• Experience working with delegated authorities, including a knowledge of how binding authority agreements work, would be highly regarded. • Broad generalist compliance experience covering licencing, sanctions & financial crime, conduct risk & consumer duty, complaints, compliance monitoring and delivering regulatory projects. • Experience writing compliance reports and representing compliance at meetings and committees. • Experience with Decision Focus software for compliance management advantageous. • Experience scoping and carrying out thematic reviews would be highly regarded to help support the Compliance Monitoring Manager.

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In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.