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Senior Compliance Manager /Head of Compliance – Insurance / Lloyds markets

  • Location

    Essex

  • Discipline:

    Compliance

  • Job type:

    Permanent

  • Salary:

    £65,000 - £80,000

  • Consultant:

    Kirstie Burn

  • Email:

    kburn@merje.com

  • Job ref:

    KBU/14838

  • Published:

    12 days ago

A newly created role due to increased growth and success of the business.  This will be the lead compliance contact for all regulatory matters pertaining to this part of the Group.  Involving setting up processes, systems and processes to ensure a robust compliance framework is in place and manage all regulatory requirements coming from the FCA. Advising the business on its regulatory requirements relating to the general insurance activities.

Responsibilities:

  • Be aware of current compliance requirements and be up to date with compliance regulation updates so that a measured and effective compliance strategy may be planned and implemented
  • To work with the Group Compliance Officer and Senior Management in setting up appropriate systems and controls to ensure that the firm meets its regulatory obligations
  • Regularly monitor and update the systems and controls to ensure that they are performing the function they should be
  • Maintain records to satisfy evidential requirements of compliance, which may be requested by Regulatory requirements
  • Undertake such action as is necessary to ensure compliance with any further direction issued by the FCA
  • Manage the company Compliance Plan and any other additional project management 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
  • Network with other professional bodies, stakeholders and Regulatory Authorities to ensure that the business is aware of ongoing developments
  • Represent the company to product providers, auditors, agents and the FCA and any other bodies in connection with FCA regulations
  • Provide support and input of the training of staff, preparing for professional qualifications and the monitoring of staff as they adhere to a policy of continuous professional development as required by regulation
  • Respond to any appropriate documents published by the FCA in relation to general insurance activities

Key Competencies:

  • Good understanding of general insurance products (including Lloyds/ London markets)
  • Ability to understand the impact on the business of any FCA changes
  • Good working knowledge of data protection and financial promotions
  • Coaching, people development and people skills
  • Energy, drive and self-motivation
  • Flexibility, initiative and influencing skills
  • Decision making and excellent communication skills