Compliance Oversight & Assurance Manager

ZipRecruiter; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading company is seeking a Compliance Oversight and Assurance Manager to enhance assurance over compliance for boards and stakeholders. This role involves developing compliance monitoring plans, delivering oversight activities, and reporting on compliance findings, requiring experience in the London-market insurance sector.

Qualifications

• Experience in a London-market insurance business is essential.
• Background in people management and development is required.

Responsibilities

• Deliver Compliance Oversight and Assurance activities.
• Develop and manage the Compliance Oversight & Assurance Monitoring Plan.
• Report on compliance controls and breaches to the Head of Compliance.

Skills

Compliance Oversight

Reporting

Risk Management

Job description

Job Description

A major insurer that operates in the Lloyd's Market is currently seeking a Compliance Oversight and Assurance Manager.

In this role, you will enable provision of assurance over compliance, to boards, external stakeholders and others.

On a day-to-day basis, you will:

• Deliver Compliance Oversight and Assurance activity
• Develop the annual Compliance Oversight & Assurance Monitoring Plan covering key compliance risks
• Deliver the annual Compliance Oversight and Assurance Monitoring Plan and managing resources to deliver as part of the annual and longer term Compliance Plan
• Report key findings from business transaction data on compliance controls and breaches to the Head of Compliance
• Bring an innovative approach to the collection, design and preparation of reports/MI on the performance and findings of Compliance Oversight & Assurance for committees and boards, external stakeholders and others
• Be responsible for monthly reports to the Head of Compliance and quarterly reports to the Executive Committee
• Manage special investigations/ad hoc oversight activity as required by the Head of Compliance
• Identify, report, record, analyse and escalate incidents and breaches including commentary on root cause
• Track outcomes from thematic and ad-hoc reviews to conclusion
• Manage the Compliance O&A Framework and ensuring process documents are reviewed annually
• Maintain an awareness of relevant changes to the regulatory environment both UK and abroad, ensuring that the Oversight & Assurance framework reflects best practice
• Highlight training needs to the Head of Compliance and ensuring targeted training is put in place where necessary
• Act as the primary point of contact for other assurance functions (Risk, Internal Audit and Internal Controls) regarding Compliance risks and controls

It is essential for this role that you have experience working for a London-market insurance business and a background in people management and development.