Arthur are supporting a reputable Insurance Broker in adding a Regulatory Change & Policy Officer to their new central Compliance function.
This role is in the Central Compliance team supporting all four divisions. The role will be part of a Central Regulatory Change and Policy function and will:
Support in the identification of new regulatory requirements that will apply to the regulated entities.
Swiftly review and interpret new requirements and contribute to guidance to the Pillars.
Support in the oversight of progress of application of change by the pillars 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.
The Role
Working alongside the Regulatory Change & Policy Manager to set work priorities and activities to ensure appropriate and timely regulatory interaction.
Ensuring the timely completion of allocated tasks, activities and projects.
Reviewing new publications from regulators.
Interpreting, assessing application and preparing briefing communications for Pillar stakeholders.
Collaborating with Pillars to promote consistency of approach for new and existing regulatory requirements.
Tracking the Pillars’ progress in implementing new regulatory requirements and escalate to Pillar Compliance Leadership as appropriate.
Contributing to responses to regulator consultations.
About You
Strong understanding of FCA requirements specifically relating to Non-life insurance products within ICOBs (MCOBS & COBS, desirable but not essential).
Good knowledge of the FCA handbook and how to navigate it.
Good knowledge and understanding of insurance, principles, products and services.
Minimum of 2 years’ experience working in a second line compliance role within a non-life insurance broker / insurer, ideally in a technical compliance role.
Experience of horizon scanning for regulatory change and summarising for peers or senior management.
Experience of retail, specialty and commercial insurance products.
