Head Of Compliance

BDO LLP; City Of London; On-site; GBP 80,000 - 110,000; Full time

Job summary

A leading insurance firm is seeking a Head of Compliance in London for a 6-month onsite contract. Key responsibilities include developing and implementing the Regulatory Compliance Framework, ensuring compliance with regulatory obligations, and managing the training plan. The ideal candidate has at least 6 years of experience and relevant qualifications in the insurance sector, alongside excellent communication and people skills.

Qualifications

• Minimum 6 years insurance experience, preferably within the Lloyd's environment.
• Proven experience delivering Compliance support within the insurance industry.
• Excellent written and verbal communication skills.

Responsibilities

• Oversee the ongoing development and operation of the Regulatory Compliance Framework.
• Document annual Compliance Monitoring and Training Plans.
• Liaise with regulators and provide advice on compliance matters.

Skills

Insurance experience

Compliance expertise

People skills

Communication skills

Microsoft Word

Education

Relevant professional qualifications

Tools

SharePoint

Job description

Overview

Head of compliance - London onsite. BD0 Regulatory Solutions are currently recruiting for a Head of compliance to join our client, an insurance firm, based in London. We are offering an initial 6 month contract with an excellent day rate, employed via an Umbrella company.

Responsibilities

• Responsibility for the ongoing development and implementation of the oversight and day-to-day operation of the Regulatory Compliance Framework including:
• Establishing the Regulatory Risk Universe.
• Operation and maintenance of suitable policies and procedures to advise the business around their regulatory obligations and the systems and controls in place to manage these.
• Documenting an annual Compliance Monitoring Plan and ensuring members of the Compliance team undertake the monitoring activity within the Plan.
• Documenting an annual Compliance Training Plan and the provision of specific Compliance Training where required.
• Maintain an effective system for communicating relevant regulatory updates to the business, providing advice as necessary regarding suitable business response.
• Liaise with Lloyd\'s and other regulators, market associations and the corporate parent, facilitating their reviews of the business.
• Take the lead in analysing new business opportunities to ensure they are executed in a compliant manner.
• Oversight of sanctions batch screening and match clearing process.
• Responsibility for Complaints Management and Complaints Reporting.
• Act as the Business contact in relation to data protection compliance as set out in the WRBC Data Privacy Organistational model.
• Responsible for the co-ordination and implementation of the Senior Managers & Certification Regime ensuring any future changes in regulation are communicated and incorporated into policy and procedures.
• Provide regulatory advice to the Product Oversight Group and the wider business in respect of the UK regulators expectations relating to Product Governance.
• Document a product Governance Framework that is appropriate for the profile of BSL.
• Provide assistance in the oversight and co-ordination of the business\' annual Lloyd\'s Oversight Principles self-assessment, and to provide updates on any outstanding actions.

About you

• Minimum 6 years insurance experience, preferably within the Lloyd\'s environment.
• Relevant professional qualifications and strong academic record.
• Proven experience and track record of delivering Compliance support within the insurance industry.
• First class people skills and a team player with excellent communication.
• Excellent written and verbal communication skills.
• Intermediate knowledge of Microsoft Word; knowledge of SharePoint is an advantage.

Additional Information

• Location: London - Onsite
• Duration: 6 months

Are you ready to join the team? Click on the link to apply.