Compliance Manager (Insurance)

Recruiter
HFG Insurance
Location
England, City of London, London
Salary
£70000.00 - £80000.00 per annum
Posted
09 Nov 2020
Closes
07 Dec 2020
Ref
J2350625
Contact
Paul Miller
Employer Sector
Financial Services, Insurance
Contract Type
Permanent
Hours
Full Time
Travel
None


In this role, you will be part of a small compliance team and will support the head of compliance in providing regulatory compliance and governance


What you will do:

Planning and development

  • Promote a positive compliance culture within every aspect of the business
  • Maintain, in partnership with the business, a robust operational compliance framework that serves to manage and mitigate exposure to the compliance and regulatory risks that may stem from the products offered
  • Support the development of strategies which will mitigate emerging compliance risks
  • Lead the drafting of the annual Compliance Plan and compliance policies and be integral in their delivery and implementation

 

Governance and Advisory

  • Draft and present reports for presentation to our committees and Boards
  • Manage the preparation of non-financial regulatory and quasi-regulatory returns, applications and notifications, and other external information requests
  • Guide and advise the business on maintaining and enhancing our compliance with the various global regulations which we are subject to
  • Organise the delivery of compliance training to the business
  • Nurture excellent relationships with senior managers to ensure that regulations and any updates to them are understood and that compliance processes are embedded
  • Support the protection of confidential information

 

Monitoring

  • Manage the completion of monitoring tasks in accordance with the compliance timetable, to ensure business adherence to internal and external requirements
  • Work with the business to resolve any incidence of non-compliance and deliver of the business timetable
  • Oversee broker due diligence as required
  • Raise awareness of the risks, and ensure the appropriate management of, conflicts of interest
  • Conduct and supervise internal investigations and the resolution of alleged acts of non-compliance, and set out any resulting requirements appropriately
  • Run the process by which the business guards against the risk of breaching international sanctions imposed by relevant bodies
  • Support the process of verification of banking details of business suppliers
  • Manage the framework of activity to demonstrate compliance with applicable data protection standards

 

Treating customers fairly

  • Promote a conduct culture that has the fair treatment of our customers at its centre
  • Oversee the resolution of complaints made by third parties

 

What you require for the role

  • Knowledge and experience of working within the regulatory regimes governing UK and international Finance and Insurance companies, as well as the Lloyd’s Insurance Market and its rules
  • Excellent interpersonal skills.
  • The ability to communicate clearly, concisely, on time and to any audience, no matter what the medium, is essential in this role.
  • Superior organisational and prioritisation skills and be capable of responding positively to pressure and multiple priorities
  • Adaptability and a willingness to learn and improve services and processes
  • An instinct to be proactive, collaborative and helpful to colleagues, following up tasks appropriately, keeping the team up to date on activities and progress
  • Strong Microsoft Office skills
  • Sophisticated analytical skills and attention to detail

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