Compliance Manager (Insurance)
- Recruiter
- HFG Insurance
- Location
- London
- Salary
- £70000.00 - £80000.00 per annum
- Posted
- 09 Nov 2020
- Closes
- 07 Dec 2020
- Ref
- J2350625
- Contact
- Paul Miller
- Employer Sector
- Banking & Finance - Investment, Financial Services, Insurance
- Contract Type
- Permanent
- Hours
- Full Time
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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