The role will be part of a Central Regulatory Interaction, Change and Policy function and will:

• Identify new regulatory requirements that will apply to the regulated entities

• Swiftly review and interpret new requirements and provide guidance to the Pillars

• Provide central support to maintain oversight of progress and encourage consistency of approach

• Support in the creation of compliance policy to achieve a consistent approach to regulation that will apply to each Pillar

Key Accountabilities:

Service Delivery:

• Review new publications from regulators including Consultation Papers, Policy Statements, guidance, Dear CEO letters, webinars and enforcement cases within prescribed timescales from publication

• Interpret, assess application and prepare briefing communications for Pillar stakeholders

• Collaborate with Pillars to promote consistency of approach for new and existing regulatory requirements

• Track the Pillars’ progress in implementing new regulatory requirements and escalate to Pillar Compliance Leadership as appropriate

• Coordinate and contribute to responses to regulator consultations

• Assess regulatory requirements for key compliance themes and create a consistent interpretation of requirements to inform compliance policies

• Maintain on-going oversight of the suitability of policy positions across the pillars, in light of changes to the business or changes to regulatory expectations (or interpretation thereof)

Technical:

• Good knowledge of FCA requirements specifically relating to Non-life insurance products within ICOBs (MCOBS & COBS, desirable but not essential)

• Good knowledge of the FCA handbook including – PRIN, SYSC, SUP, ICOBS, CONC, PERG

• Good knowledge and understanding of insurance, principles, products and services

• Review policy position across the pillars and provide a consistent central view of the application of key regulatory requirements

Knowledge / Experience:

• Experience working in a second line compliance role within a non-life insurance broker / insurer, in a technical compliance role

• Experience of horizon scanning for regulatory change and summarising for peers or senior management

• Experience of retail, specialty and commercial insurance products

Skills / Behaviours:

• Strong regulatory focus

• Ability to respond to developments quickly and work independently at pace

• Ability to understand the detail of regulatory publications and their application

• Ability to articulate complex regulatory themes or requirements concisely

• Good written and oral communication skills

• Strong organisational skills

• Able to prioritise effectively

Qualifications:

• Compliance Industry recognised qualifications desirable but not essential depending on relevant experience

• Educated to a minimum of ‘A’ level standard