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Regulatory Interaction Manager

Applications for this role are now closed. View similar roles here.
The details


A reputable Broker are looking to increase their Compliance headcount by introducing a Regulatory Interaction Manager to form part of a new Central Compliance Function.

This role sits within the new Central Compliance team supporting all four divisions. The role will manage and oversee a Central Regulatory Interaction Function that will be responsible for:

  • Preparing, coordinating and managing interaction with all applicable regulators for all regulated entities within the pillars of the Group.
  • Ensuring consistency and quality of approach, message, and presentation.
  • Preparing for fixed portfolio FCA supervision.

The Role

  • Preparing, coordinating and managing interaction with all relevant regulators, particularly the FCA, ensuring consistency of message across regulated firms.
  • Being the focal point for Group wide FCA communication.
  • Prepare for Fixed Portfolio FCA supervision.
  • Understanding overseas licences requirements.
  • Coordinating responses to all FCA thematic and other information requests.
  • Being the central recipient for FCA contact in relation to returns; liaison with relevant Pillar stakeholders when queries received from regulators.
  • Coordinating and oversee submission of regulatory application submissions including VOPs, CiC, SMF, Directory and firm standing data.
  • Oversight and submission of regulatory returns and attestations, using a risk-based approach to quality assurance of certain returns, and requesting changes or points of clarity from Pillars.
  • Reviewing submission requirements and challenge Regulator when returns incorrectly allocated.
  • Requesting MI from Pillars for overseas business and identify possible risks.
  • Monitoring overseas business against licences in place.

About You

  • Strong awareness of FCA requirements specifically relating to Non-life insurance products within ICOBs (MCOBS & COBS, desirable but not essential).
  • Formidable 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.
  • International level of experience in Licencing Applications, desirable but not essential.
  • Experience of regulatory reporting and the use of FCA systems such as RegData and Connect.
  • Previous experience of managing other compliance professionals (not essential)
  • Experience of working with senior management.
  • Strong regulatory focus.
Applications Closed