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Risk and Compliance Manager SMF 16/19 - Remote

Harrison Holgate
Posted 4 days ago, valid for 25 days
Location

London, Greater London SW15 4NN, England

Salary

£60,000 - £72,000 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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  • A specialist Travel Insurance company is seeking a Compliance and Risk Manager for their UK and EU operations.
  • The role requires 4-5 years of experience in Risk or Compliance roles within a UK/EU Insurance company.
  • The position is based remotely and involves managing the Risk and Compliance plans for the UK Branch.
  • Key responsibilities include influencing business proposals, reporting on risk exposure, and ensuring compliance with FCA/PRA regulations.
  • The ideal candidate should have a strong understanding of UK regulatory requirements and possess excellent communication and organizational skills.

A specialist Travel Insurance company are currently recruiting for a Compliance and Risk Manager to manage their UK and EU operationsJob purpose: Based remotely, with distinct responsibility for the Risk and Compliance of the UK Branch and some EU exposure, providing insight and guidance to the business on all aspects of Risk and Compliance to which the UK Branch is exposed.The role holder will ideally have held SMF 16 or 19, will be required to have at 4-5 years in Risk or Compliance roles with a UK/EU Insurance company and will be a key member of the UK Branch, and will also play a leading role in successful management of the business. Key accountabilities:* In conjunction with the Head of Risk and Compliance, manage and further develop the Risk Management and Compliance plans for the UK Branch * To have sufficient independence to influence proposals or decisions which affect the Company's exposure to risk and compliance, including but not limited to, new business and new product proposals. * To report on the overall risk and compliance exposure to the Chief Risk Officer and the Head of Compliance respectively. * Establish effective internal governance procedures and monitor adherence to same. * Responsibility for oversight of Compliance for the business's distributors sales of travel, gadget and wedding insurance products * Accountable to the FCA/PRA for compliance with regulations, guidance and correspondences Skills, know-how and experience:Must have:* Good understanding of UK regulatory requirements including Solvency II and Insurance distribution directive * Proven ability to maintain and monitor the effectiveness of risk in the UK Branch. * Promote sound and effective risk management. * Foster good working relationships internally and externally. * Ability to clearly communicate complex issues with numerical ability. * Strong interpersonal and organizational skills. * Pragmatic approach to problem solving. Technical / professional qualifications:* Experience in the financial services sector at a senior level, preferably in risk management and compliance.

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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.