Regulatory Affairs Manager

LegalAndGeneral; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Regulatory Affairs Manager to shape its regulatory strategy and manage key relationships with the Prudential Regulation Authority and Bank of England. This pivotal role involves developing compliance policies, coordinating responses to regulatory consultations, and serving as a technical expert in regulatory matters. The ideal candidate will possess a strong background in financial services, particularly in insurance and asset management, along with exceptional communication and problem-solving skills. Join a dynamic team dedicated to fostering an inclusive culture and making a positive impact on customers' lives.

Benefits

Performance Bonuses

Share Schemes

Pension Contributions

Life Assurance

Private Medical Insurance

Generous Holiday Allowance

Family Leave

Electric Car Schemes

Discounts

Modern Workspace

Qualifications

• Strong knowledge of insurance, investment management, and retirement products.
• Excellent communication skills, both written and verbal.
• Extensive experience in financial services, especially life, pensions, and asset management.

Responsibilities

• Develop and manage the Regulatory Engagement Policy for compliance.
• Maintain positive regulatory relationships with the PRA.
• Prepare reports for the Board on PRA relationships and regulatory actions.

Skills

Insurance Knowledge

Investment Management

PRA Rulebook Understanding

Communication Skills

Problem-Solving Skills

Teamwork Skills

Relationship Management

Technical Compliance Advice

Job description

Company Description

Legal & General is a leading UK financial services group and major global investor. We've been safeguarding people's financial futures since 1836, aiming to build a better society for the long term by investing our customers' money in initiatives that improve lives and create value for shareholders.

Our Group Functions provide essential services that support all areas of the business, requiring a talented and diverse team behind the scenes to enable everyone at L&G to excel.

Joining us means helping to improve our customers' lives and contributing to the company's success daily.

Job Description

The L&G Regulatory Affairs Manager will play a vital role in executing the Group's regulatory strategy. Responsibilities include managing relationships with the Prudential Regulation Authority (PRA) and Bank of England (BoE), supporting Senior Management Function (SMF) interviews, and responding to regulatory developments published by the PRA. The role also involves maintaining the Group Regulatory Engagement Policy aligned with L&G's Risk Framework.

Key Responsibilities:

1. Develop and manage the Regulatory Engagement Policy, ensuring compliance across divisions and escalation of breaches, aiming for fair customer outcomes and risk mitigation.
2. Maintain positive regulatory relationships with the PRA and ensure SMF teams are prepared for meetings, investigations, and information requests, responding timely.
3. Coordinate responses to PRA consultations and ensure alignment with other regulators like FCA and BMA.
4. Serve as the technical expert on PRA matters, responding to queries and hosting educational events to upskill colleagues.
5. Review and interpret management information, contributing to reports and identifying areas for oversight.
6. Ensure the integrity of regulatory records, compliance with data protection, and proper documentation of interactions.
7. Prepare reports for the Board and Executive on PRA relationships and progress on regulatory actions.
8. Lead the Regulatory Affairs team, ensuring adherence to policies and maximising business performance.

Qualifications

Ideal candidates will possess:

• Strong knowledge of insurance, investment management, and retirement products/sectors.
• Deep understanding of the PRA Rulebook and relevant guidance.
• Awareness of regulatory priorities in L&G's sectors and markets.
• Excellent communication skills, both written and verbal.
• Attention to detail and effective teamwork skills.
• Ability to build and maintain relationships with management and external parties.
• Practical problem-solving skills and process improvement capabilities.
• Extensive experience in financial services, especially life, pensions, and asset management sectors.
• Proven ability to provide technical compliance and risk advice.
• Experience in influencing at all levels and managing issues judiciously.
• Strong drafting skills and logical approach to regulatory applications.
• Experience in people management, including performance management and employee wellbeing.

We offer a comprehensive benefits package, including performance bonuses, share schemes, pension contributions, life assurance, private medical insurance, generous holiday allowance, family leave, electric car schemes, discounts, and modern workspace environments.

Additional Information

At L&G, we believe in generating positive returns today while building a sustainable future. We foster an inclusive culture that values diversity and personal development, supported by leadership committed to integrity and wellbeing.

We are flexible and open to various working arrangements to accommodate individual needs and circumstances.

Don't worry if you don't meet every criterion; consider your strengths, potential, and how you align with our purpose.

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