Head Of Compliance

BDO LLP; London; On-site; GBP 200,000 +; Full time

Job summary

A leading insurance firm in London is seeking a Head of compliance to oversee the Regulatory Compliance Framework. Candidates should have a minimum of 6 years of insurance experience, ideally within the Lloyd's environment, and possess strong communication skills. The role includes developing compliance procedures, liaising with regulators, and ensuring adherence to the Senior Managers & Certification Regime. This is a 6-month contract position that requires onsite presence.

Qualifications

• 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 an advantage.

Responsibilities

• Develop and implement the Regulatory Compliance Framework.
• Establish the Regulatory Risk Universe.
• Document an annual Compliance Monitoring Plan.
• Provide regulatory advice to the Product Oversight Group.
• Coordination of the Senior Managers & Certification Regime.

Job description

Overview

Head of compliance - London Onsite

BDO 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 an advantage.

Additional Information

• Location: London - Onsite
• Duration: 6 months

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