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)
