Job Title : Compliance Manager Salary: £70,000 - £80,000 Location: City of London
As the Compliance Manager, you will utilise your senior compliance experience in insurance to manage the international broker function, ensuring:
All brokers are approved in line with the Companies’ Broker Vetting Procedures;
The Broker Vetting Framework remains fit for purpose and is developed and adapted in response, as appropriate, to regulatory and internal changes;
The broker function supports the business with excellent technical expertise and knowledge and performs to a high standard;
The system used for broker oversight is reviewed and developed to enhance and streamline the existing broker review process; and
The broker function meets the objectives defined within the Compliance Plan.
Job Responsibilities:
Management of Framework
To review and develop the Broker Oversight Framework adopting a best practice, consistent and collaborative approach across the Companies.
To ensure that those ToBAs issued to brokers for sign-off are up-to-date, taking into account all applicable regulatory and legislative requirements.
To produce the broker section of the Third-Party training module and ensure the delivery of guidance and training to the business / internal stakeholders in the Companies, as required.
To oversee and produce the broker sections of the annual Compliance Plan and ensure proposed projects / tasks are completed as scheduled.
To manage the circulation of market updates and guidance, as necessary, to business units within the Companies on compliance with regulatory, general market and Lloyd’s requirements relating to brokers.
To oversee the management of brokers by the Companies’ European entity, assisting with queries, as necessary.
To manage the agreements with external service providers that support the broker review process, ensuring these contracts are managed on a regular basis and renewed as required.
Skills and Experience Specification: Essential:
5 years’ experience within a Compliance Department, with technical knowledge of the broker market.
Previous managerial experience.
Experience within the Insurance and Lloyd’s Market.
Computer literate with knowledge of Microsoft Office products, i.e. Word and Excel.
Strong organisational and workload management skills.
Strong analytical and written skills.
Attention to detail; due diligence and investigative skills.
Ability to communicate effectively with individuals at all levels of the business in a confident and professional manner.
Hard working, diligent and a quick learner.
If you have relevant experience and want to discus the role in more detail, please reach out to cd@arthur.co.uk
