Compliance Monitoring Manager

CFC; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading insurance firm is seeking a Compliance Monitoring Manager in London to lead and shape the compliance monitoring program. The role involves developing an annual risk-based compliance monitoring plan, executing tests to ensure regulatory controls are effective, and providing assurance to senior management. The ideal candidate will have over 8 years of experience in a similar role and strong knowledge of Lloyd’s and FCA regulations, along with the ability to engage with stakeholders and deliver clear reports.

Qualifications

• Over 8 years’ experience in compliance monitoring within the insurance sector.
• Strong knowledge of regulatory requirements and London market practices.
• Professional qualifications such as ICA and ACII are desirable.

Responsibilities

• Develop and execute the compliance monitoring plan.
• Provide assurance on design and effectiveness of controls.
• Deliver clear reports and contextual recommendations.

Skills

Experience in second line monitoring role

Strong knowledge of Lloyd’s and FCA Handbook

Extensive London market experience

Education

ICA and/or ACII certifications

Job description

Compliance Monitoring Manager

Department: Compliance

Employment Type: Permanent - Full Time

Location: UK - London

Reporting To: Alex Kasparian

Description

An exciting opportunity for an experienced Compliance Monitoring Manager to join a busy, fast-paced Compliance Team to lead and shape the compliance monitoring programme across CFC Group.

The role holder will be responsible for planning, communicating, executing and reporting results in relation to a programme of key regulatory controls testing, providing assurance to senior management that controls are designed appropriately and are operating effectively.

The role holder will work closely with the broader Compliance Team as well as with members of the senior management across CFC Group.

About the role

Working closely with UK Head of Compliance, the Compliance Monitoring Manager will develop the risk-based annual Compliance Monitoring plan for approval by the board. This role will lead on the execution of the plan, including planning, reviews, conduct testing and analysing results.

As well as developing the monitoring plan, this role will provide contextual recommendations to strengthen controls, prepare clear reports for management, and summarise findings for the Head of Compliance. Additionally, this Compliance Monitoring Manager will be regularly meeting with various stakeholders in the business, keeping them updated through the process, and working closely with them to agree appropriate actions where issues are identified.

The Compliance Monitoring Manager will also instruct and advise the wider Compliance team in their work on the compliance monitoring activities.

About you

This opportunity will suit candidates who have over 8 years’ experience working a second line monitoring role at a Lloyd’s Managing Agent, Lloyd’s Cover holder or UK based company market insurer.

You have a strong knowledge of Lloyd’s, Lloyd’s Europe, and the FCA Handbook, as well as International regulatory requirements. The chosen candidate will have extensive London market experience, whether with a managing agent, broker or MGA and experience working with delegated authority.

Professional qualifications, such as ICA and/or ACII certifications are desirable but not essential.

Core Values

Love what you do: We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.

Challenge everything: We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to make things better.

Have fun, be good: Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.