Head of Compliance

Arthur Recruitment; Slough; Hybrid; GBP 130,000 - 140,000; Full time

Job summary

Arthur Recruitment is partnering with a specialist insurance and reinsurance business to appoint a Head of Compliance for a 12-month FTC in London with hybrid working. This senior role leads the compliance function, advises the executive team, and maintains relations with the FCA, PRA and Lloyd’s.

The successful candidate will own the compliance strategy, act as SMF16-Compliance Oversight and SMF17-Money Laundering Reporting Officer (subject to regulatory approval), and manage a Compliance team

Qualifications

• Senior compliance experience within insurance or reinsurance.
• Strong understanding of the Lloyd’s or wider London insurance market.
• Experience with SMF16 and/or SMF17 or credibility to secure regulatory approval.
• Detailed knowledge of FCA, PRA and Lloyd’s regulatory requirements.
• Experience managing regulatory relationships.
• Strong financial crime and regulatory compliance knowledge.
• Experience owning compliance monitoring and risk assessment frameworks.
• Board, executive committee and senior stakeholder exposure.
• Experience managing and developing a compliance team.

Responsibilities

• Own and develop the organisation’s compliance strategy.
• Provide expert regulatory advice to the executive team, boards and wider business.
• Maintain relationships with the FCA, PRA and Lloyd’s.
• Coordinate regulatory visits and responses to information requests.
• Prepare and submit senior management appointment applications.
• Maintain Compliance Monitoring Plan and Compliance Risk Assessment frameworks.
• Oversee financial crime and regulatory compliance obligations.
• Arrange compliance audits and risk assessments and report findings to senior stakeholders.
• Produce regular compliance reports for boards and executive committees.
• Maintain and update policies, processes, training and regulatory records.
• Manage completion of relevant regulatory returns.
• Coordinate the Lloyd’s Principles Attestation.
• Support onboarding of insurance entities across the UK and Europe.
• Lead and manage the Compliance team.
• Support strategic activity including acquisitions and restructuring.

Skills

Senior compliance

FCA PRA knowledge

Lloyd’s market know

SMF16/SMF17

Regulatory relationships

Financial crime

Monitoring frameworks

Team leadership

Stakeholder management

Job description

Head of Compliance - 12-Month FTC

Salary: £130,000–£140,000

Location: London – hybrid working, approximately two days per week in the office

Contract: 12-month fixed-term contract

We are partnering with a specialist insurance and reinsurance business to appoint an experienced Head of Compliance for a 12-month fixed-term contract.

This is a senior and visible position with responsibility for leading the compliance function, advising the executive team and maintaining effective relationships with the FCA, PRA and Lloyd’s.

The successful candidate will take ownership of the organisation’s compliance strategy and act as SMF16 – Compliance Oversight and SMF17 – Money Laundering Reporting Officer, subject to regulatory approval.]

Key responsibilities

• Own and develop the organisation’s compliance strategy.
• Provide expert regulatory advice to the executive team, boards and wider business.
• Maintain effective relationships with the FCA, PRA and Lloyd’s.
• Coordinate regulatory visits and responses to information requests.
• Prepare and submit senior management appointment applications.
• Maintain robust Compliance Monitoring Plan and Compliance Risk Assessment frameworks.
• Oversee the organisation’s financial crime and wider regulatory compliance obligations.
• Arrange compliance audits and risk assessments, reporting findings to senior stakeholders and supporting any resulting improvements.
• Produce regular compliance reports for boards and executive committees.
• Maintain and update compliance policies, processes, training and regulatory records.
• Manage the completion of relevant regulatory returns.
• Coordinate the Lloyd’s Principles Attestation.
• Support the onboarding of insurance entities across the UK and Europe.
• Lead and manage the Compliance team.
• Support strategic activity including acquisitions, restructuring and business change.

Skills and experience

• Senior compliance experience within insurance or reinsurance.
• Strong understanding of the Lloyd’s or wider London insurance market.
• Previous SMF16 and/or SMF17 experience, or the experience and credibility required to secure regulatory approval.
• Detailed knowledge of FCA, PRA and Lloyd’s regulatory requirements.
• Experience managing regulatory relationships.
• Strong financial crime and regulatory compliance knowledge.
• Experience owning compliance monitoring and risk assessment frameworks.
• Board, executive committee and senior stakeholder exposure.
• Experience managing and developing a compliance team.
• Exposure to acquisitions, entity onboarding, restructuring or other strategic change would be advantageous.
• Strong communication, organisation and stakeholder-management skills.

This is an excellent opportunity to take ownership of a broad compliance function within a specialist insurance and reinsurance environment.