Compliance Business Partner

Gallagher; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

A leading company in risk management is looking for a Business Partner to oversee compliance and risk management strategies. You will work closely with business divisions to ensure adherence to regulatory requirements and promote a culture of compliance. This role involves strategic advisory support and collaboration with senior management, requiring strong interpersonal and analytical skills. The ideal candidate should possess compliance qualifications and a deep understanding of FCA Product Governance regulations.

Qualifications

• Demonstrates understanding of FCA regulations.
• Experience in insurance broking or underwriting preferred.
• Good communication skills with all levels of the company.

Responsibilities

• Provide compliance oversight and reporting.
• Act as a trusted advisor for compliance solutions.
• Lead conduct training and awareness initiatives.

Skills

Understanding of risk practices

Compliance practices

Interpersonal skills

Presentation skills

Problem-solving

Education

Compliance qualifications

Tools

MS Office

Job description

Introduction

Indulge your passion for problem-solving and embrace the thrill of addressing risk head-on at Gallagher's global brokerage team. Join a family of diverse minds, united by a relentless pursuit of excellence. As part of our team, you'll be the architect of protection, safeguarding businesses and empowering their ambitions. Together, we'll build a legacy of trust and triumph in the dynamic world of risk management.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

Overview

To act as Business Partner in the best interests of the company. Ensure professional, strategic and operational compliance risk-management is in place and that the business is compliant with appropriate systems and controls by supporting it in meeting its regulatory objectives through delivering policy and advisory support, especially with regard to the FCA’s Product Governance, and Consumer Duty, rules and guidance, leading compliance projects, monitoring changes in regulation and performing impact analyses and embedding professional standards.

How you'll make an impact

• Balance business opportunities and other commercial considerations, where appropriate, with compliance risks to maximise corporate performance and minimise financial, regulatory or reputational loss
• Act as a ‘trusted advisor’ to the business, working together to find compliant commercial solutions but will also need on occasion to be a source of challenge
• Work with the relevant division (overseen by the Compliance Director and together with the wider AJG Compliance team) to provide support, advice and guidance on the compliance framework and policies and procedures and guide the business to identify, assess and manage compliance risk and meet professional standards set by the AJG Group and regulatory requirements
• Provide compliance oversight and reporting to the Compliance Director and the senior risk team, the senior management team of the relevant division. Provide input to the AJG Executive, Audit and Risk Committees
• Provide focused specialist compliance advice to divisional staff taking into account business / consumer needs, external best practice and regulatory requirements. Bring challenge to the senior management of the relevant division and make supportive interventions aimed at managing compliance within the divisions.
• Provide specific compliance advice to the business relating to current FCA rules and guidance relating to Product Governance and Consumer Duty
• Assist with the management and delivery of compliance work including scheduled and ad hoc strategic projects; including
• The enhancement where necessary of the Gallagher control framework supported by risk-based policies and procedures designed to deliver compliance with relevant regulatory requirement
• The development and implementation of appropriate domestic and international professional standards in response to new rules, guidance, regulatory standards and AJG Group policy
• Provide compliance work stream support on business-led projects and M&A integration projects
• Carry out research and provide expert policy advice on a range of regulatory issues with a special focus on the FCA’s Product Governance, and Consumer Duty, rules and guidance.
• Maintain a highly visible and supportive role as a strong influencer and help internal stakeholders to understand conduct risk outcomes to anticipate, understand, prepare for and implement regulatory and policy change
• Be familiar with the business and current regulatory and compliance initiatives in a way that is likely to meet the Financial Conduct Authority compliance requirements for firms of our size and sector
• Respond to a wide range of complex enquiries, ensuring that the information provided is clearly understood by the busines
• Review and analyse key external trends and influences to ensure that a wide range of information is used to support the development of compliance strategies ensuring they are in line with the planned overall strategy of the relevant division
• Lead conduct training and awareness initiatives within the relevant division
• Maintain excellent relationships with internal stakeholders to aid the efficient and productive working relationship with risk management and other business divisions
• Comply with AJG Professional Standards Manual in accordance with statutory requirements for role with specific attention to (but not limited to) Conduct Risk Management, Complaints and Whistleblowing.

About You

• Compliance qualifications desirable
• Demonstrates an understanding of risk practices and techniques and governing regulations with a focus on conduct risk
• Demonstrates an understanding of compliance practices and techniques and governing regulations and has good knowledge of relevant FCA Product Governance, and Consumer Duty, rules and guidance
• Proven ability to evaluate the adequacy and effectiveness of financial, operational, regulatory and technology controls
• Experience of reporting to Committees (which include non-executive directors) desirable
• Compliance exposure– ideally within insurance broking / underwriting environment;
• Insurance / Reinsurance sector, including broking environment, desirable
• Working with businesses to ensure compliance with the FCA’s Product Governance, and Consumer Duty, rules and guidance desirable
• Good interpersonal skills, including listening, verbal and written communication skills with the ability to communicate effectively with all levels of the Company, including senior level management
• Good presentation skills with experience interacting and presenting to colleagues/senior management
• Takes a hands-on practical problem-solving approach to achieving business outcomes and to ensuring that the right business culture and behaviours are being pursued
• People management and team building skills
• Ability to interact comfortably with colleagues/senior level management
• Ability to deal constructively with uncertainty and ambiguity
• Highest degree of ethics and integrity in client focus
• Works to deadlines
• MS office proficiency
• Eligibility to work in the UK