Compliance Manager – Insurance Regulation & Risk

Munich Re; England; On-site; GBP 90,000 - 120,000; Full time

Benefits offered by this job

On target bonus

25 days annual leave

Private medical insurance

Employer pension 10%

Fully paid 6 months family leave

Job summary

Munich Re Group in the UK seeks an experienced Compliance Manager to develop and maintain CMS, monitor conduct risk, and ensure regulatory adherence across SME and retail insurances. You will deliver training, manage stakeholder relationships, and support onboarding and outsourcing risk assessments in a dynamic regulatory environment.

Key responsibilities include regulatory reporting, governance with the UK Head of Compliance, and collaboration with risk and internal controls teams.

Qualifications

• Proven experience in developing and monitoring a conduct risk framework including product governance for SME and retail insurances.
• Extensive knowledge of PRA and FCA rules and expectations.
• Strong analytical, stakeholder management and regulatory reporting skills.
• Experience with delegated authority models and multi-layered insurance distribution networks.

Responsibilities

• Develop, implement and maintain a compliant Compliance Management System (CMS) in line with Group standards.
• Monitor compliance topics and perform regulatory reporting to authorities.
• Deliver training materials on compliance topics and the wider regulatory landscape.
• Collaborate with second line risk and support annual risk and control assessments.
• Support onboarding of new business opportunities and risk assessments for outsourcing arrangements.
• Assist with Financial Sanctions risk management and external regulatory communications.
• Report to UK Head of Compliance and support governance at Board level.

Skills

Compliance experience

Regulatory knowledge

Stakeholder management

Conduct risk framework

Insurance industry

PRA/FCA knowledge

Education

Degree level education

Chartered Insurer qualification or progress towards

Knowledge of European legislation (e.g. Solvency II)

Job description

Munich Re Group in the UK seeks an experienced Compliance Manager to develop and maintain CMS, monitor conduct risk, and ensure regulatory adherence across SME and retail insurances. You will deliver training, manage stakeholder relationships, and support onboarding and outsourcing risk assessments in a dynamic regulatory environment.

Key responsibilities include regulatory reporting, governance with the UK Head of Compliance, and collaboration with risk and internal controls teams.