My client is currently seeking an experienced Compliance Manager who has worked in a regulated financial services environment such as an MGA, Insurer or Broker/Insurance Intermediary Firm. The Manager will be a key part of the group compliance function and will be a ‘certified individual’ under SM&CR.
Key responsibilities include:
- Periodically conducts high level audits and reviews to ensure execution of compliance standards
- Conduct Second line monitoring and audits of business units and delivery appropriate feedback
- Leading in the development and execution of a Compliance Monitoring Framework/ Plan for all business functions
- Oversee continuous embedding of ISO27001 Information Security Management Framework and adherence to the standard
- Oversee and maintain PCIDSS payment card compliance requirements
- Oversee the continuous development of Business Continuity and Disaster Recovery Plans, Business Impact Assessments and overall strategy
- Maintain our contract library for key business contracts
- Conduct horizon scanning exercises on an ongoing basis, and where needed communicate and potential changes out to the senior management team
- Examines and improve auditing processes to prevent compliance issues or resolve them in a timely manner
- Conduct initial and ongoing due diligence on third party companies that work with the group
- Complete due diligence packs requested by appropriate third parties
- Ensure company’s policies and rules are in line with regulatory and ethical standards
- Escalate any high/ medium risks to appropriate individuals with relevant mitigation action
- Review current processes and procedures to ensure consistency with FCA and other regulatory bodies, making recommendations where necessary and facilitating implementation
The Person:
- Significant compliance experience with the insurance industry
- Vast experience and knowledge of FCA/PRA regulation including but not limited ICOBS, CONC, CASS, SYSC and IDD
- Proven experience in working within a regulated environment in a compliance role, preferable insurance or insurance intermediary