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Deputy Compliance Manager – Insurance

  • Location: Essex
  • Salary: £60,000 per year
  • Job Type:Permanent

Posted over 1 year ago

  • Sector: Compliance
  • Contact: Emilia Thomas
  • Contact Email:
  • Expiry Date: 01 October 2022
  • Job Ref: ET/19506

​Deputy Compliance Manager required for a rapidly expanding Wholesale General Insurance Broker based in Romford. The position is to support the Head of Compliance to oversee all compliance matters, reporting to the senior leadership team and Group Compliance. You will be responsible providing advice and support queries and regulatory changes as well as providing independent monitoring to ensure the business operates within the appropriate regulatory standards

Role Requirements

• To ensure compliance of the Company’s activities, resources and staff, with the requirements of industry and government lead regulation, within a framework of business efficiency.

• To monitor and maintain adequate and appropriate systems and controls to ensure that the firm meets its regulatory requirements.

• To conduct root cause analysis on complaints and report the results to senior management

• To provide advice and, as necessary, management of any parts of the firm’s FCA compliance planning and to report progress to the company and other stakeholders on a regular basis.

Key Tasks

• To be aware of current compliance requirements and to be up to date with compliance regulation changes as they occur, so that a measured and effective compliance strategy may be planned and implemented.

• To work with the Head of Compliance and Senior Management in setting up appropriate systems and controls to ensure that the firm meets its regulatory obligations

• To regularly monitor and update the compliance systems and controls to ensure that they are performing the function that they should.

• Support the Head of Compliance in the delivery of the company Compliance Plan and other additional Project Management and supplier support to deliver compliance to FCA regulations

• To work in conjunction with others to monitor and record compliance of the Company’s activities, including overseeing of required reporting to the FCA and other regulators

Technical Experience

• Good understanding of general insurance products.

• Good working knowledge of data protection.

• Current working knowledge of statutory and legislative requirements and their effects.

• 5 Years in general insurance preferably in a broking/MGA background

• 5 years’ experience of financial services regulation and data protection regulation

Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.