Compliance Manager

JR United Kingdom; London; On-site; GBP 70,000 - 85,000; Full time

Job summary

An established industry player is seeking a Compliance Manager to enhance its compliance framework and risk management strategies. This role involves developing and implementing compliance strategies, ensuring adherence to UK insurance regulations, and leading risk assessments. The ideal candidate will possess a strong background in compliance within the general insurance market and demonstrate excellent stakeholder management skills. Join a forward-thinking organization that values compliance excellence and offers a hybrid working environment, competitive salary, and additional benefits.

Benefits

Bonus

Benefits

Qualifications

• 4+ years of compliance experience in the general insurance market.
• Strong understanding of UK insurance regulations and compliance methods.

Responsibilities

• Maintain compliance obligations and develop compliance strategies.
• Lead risk assessments and evaluate compliance processes and controls.
• Manage customer complaints and oversee their handling procedures.

Skills

Compliance Oversight

Stakeholder Management

Risk Assessment

Regulatory Knowledge (PRA, FCA)

Education

Bachelor's degree

Job description

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Lutine Bell are currently supporting a Global Insurer looking to appoint a Compliance Manager reporting directly into the Head of Compliance.

Responsibilities:

1. Contribute to the maintenance of the company’s compliance obligations universe.
2. Contribute to the development and implementation of compliance strategy and the annual compliance plan.
3. Contribute to the horizon scanning and monitoring of regulatory developments and support the communication and reporting to stakeholders and governance committees and update of the obligation universe.
4. Lead the identification and assessment of compliance risks of the company and support the development of appropriate mitigation strategies.
5. Lead the evaluation of the design and operational effectiveness of processes and controls relevant to maintaining compliance with obligations.
6. Support the ongoing evolution of mitigation strategies and the development and enhancement of processes and controls relevant to maintaining compliance with obligations.
7. Contribute to compliance deep dive and thematic reviews to identify risks and areas for improvement with respect to meeting compliance obligations. Provide recommendations for the remediation of issues and oversee completion.
8. Maintain the company’s customer complaints handling procedures and oversee their effective implementation.
9. Provide independent review and response of customer complaints and manage the escalation of customer complaints to the Financial Ombudsman Service.

Requirements:

1. At least 4 years’ work experience of compliance related work in general insurance market.
2. Bachelor's degree or above.
3. Good understanding of compliance oversight methods and principles.
4. Good understanding of UK insurance regulation by the PRA and FCA.
5. Good stakeholder and relationship management skills.

Location: London (hybrid working)

Salary: up to £85,000 (plus bonus & benefits)