A leading Broker are looking to increase their Compliance headcount by adding a Regulatory Change & Policy Manager to their new Central Compliance function.
The Central Compliance team support all four divisions of The Group. It will manage and oversee a Central Regulatory 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 Responsibilities
Review and interpret new regulatory requirements and other publications from regulators including enforcement cases / final notices.
Raise awareness of upcoming regulatory requirements to compliance pillar senior management for onwards communication, including assessment of potential impact on each pillar, plus preparation of relevant information for the Chief Risk Officer (UK) to communicate to relevant Boards and committees.
Coordinate collaboration across both Pillars, promote consistency of approach for new and existing regulatory requirements.
Coordinate/ prepare responses to regulator consultations either via industry groups or directly.
Swiftly identify application of new regulatory requirements and other publications across the Group and provide easy to understand guides to the Pillars.
Maintain on-going oversight of the suitability of policy positions, in light of changes to the business or changes to regulatory expectations (or interpretation thereof).
About You:
Strong knowledge of FCA requirements specifically relating to Non-life insurance products within ICOBs (MCOBS & COBS, desirable but not essential).
Good understanding of the FCA handbook.
Good knowledge and understanding of insurance, principles, products and services.
Experience working in a second line compliance role within a non-life insurance broker / insurer, ideally in a technical compliance role.
Previous experience of managing other compliance professionals (not essential)
Compliance Industry or Internal Audit recognised qualifications desirable but not essential depending on relevant experience.
Educated to a minimum of ‘A’ level standard.
Strong regulatory focus.
Ability to understand the detail of regulatory publications and their application.
Able to build effective relationships with senior managers and other key stakeholders within the Pillars and across the Group.
