Senior Compliance Assurance Manager

Royal & Sun Alliance Insurance Ltd; United Kingdom; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

An established insurance provider in the UK is looking for a compliance professional to assist in delivering assurance activities across various business areas. The ideal candidate will have a solid understanding of FCA regulations and experience in compliance or similar functions. This role offers hybrid working and aims to ensure that the business operates within legal and regulatory frameworks while improving operational efficiency.

Benefits

Pension contributions up to 11%

Continuous development opportunities

Supportive and inclusive work environment

Qualifications

• Proven experience in a compliance or assurance function.
• Excellent understanding of FCA regulation and the FCA Handbook.
• Solid grasp of regulatory provisions for commercial and specialty lines.
• Ability to deliver regulatory projects and remediation programs.

Responsibilities

• Assist the UK Chief Compliance Officer in risk-based assurance activities.
• Conduct compliance assurance reviews across various business areas.
• Analyze regulatory themes and trends to improve operational efficiency.
• Deliver remediation solutions to address compliance gaps.

Skills

Experience in Compliance, Risk, Audit

Understanding of FCA regulation

Knowledge of ICOB, SYSC, DISP, PRIN

Understanding of general insurance regulation

Job description

Introduction

At RSA, we believe insurance is about people, not things. We provide our inspiring colleagues the support and opportunity to grow together, shape the future, and win as a team. We are going through a transformation journey, providing our people with opportunity to be integral to improving our service and delivering better products to brokers and customers. We are a proud member of the Intact family, with a presence in North America, the UK and Europe. We have a bold ambition to become the best Commercial Lines business in the UK, demonstrated by our recent acquisition of NIG and Farmweb, allowing us to scale by leveraging our combined financial strength and ensuring our people feel the benefits of our joint capabilities.

Your role

Line Two\'s purpose is to be a "force for good, helping the business to thrive and improve". This role plays a key part in keeping the business safe and in the simplification, modernisation and empowerment agenda of the Compliance and Risk function. The purpose of this role is to assist the UK Chief Compliance Officer and the Head of Regulatory Affairs and Assurance (UK) in delivering risk-based assurance activity across the UK Business. The role is key to ensuring that the business operates within the law and regulation that applies to RSA. You will support and collaborate with the Head of Regulatory Affairs and Assurance (UK) on the assurance framework and priorities. You will be responsible for conducting compliance assurance reviews of differing levels of complexity across a range of business areas. You will test the business\'s compliance with FCA, PRA and outcome regulation highlighting gaps or weaknesses as part of your reviews. You will analyse regulatory themes and trends and identify opportunities across the UK business for improving operational efficiency and mitigating regulatory risk. You will have an external lens into regulatory developments in the insurance industry and accompanying best practice. You will be responsible for planning and delivering assurance reviews of differing levels of complexity across a range of business areas developing and completing test plans, maintaining evidence of findings, and ensuring the implementation of practical, proportionate, and sustainable remedial solutions identified in the course of monitoring, are delivered in line with the defined requirements. You will take a range of approaches to assurance and will carry out traditional, data led, short and sharp and ongoing reviews as appropriate.

About you

• You will bring proven experience in Compliance, Risk, Audit, or a similar assurance function, with a good track record of working within regulated environments.
• You have an excellent understanding of FCA regulation and the ability to interpret the FCA Handbook and other key regulatory frameworks. In particular, your knowledge of ICOB, SYSC, DISP, and PRIN is essential.
• You will also have a solid grasp of the regulatory provisions applying to commercial and specialty lines, along with experience delivering regulatory projects and remediation programmes.
• Your detailed knowledge of FCA expectations around conduct risk and customer outcomes enables you to translate regulation into practical, business-focused solutions.
• With a strong understanding of general insurance regulation and operations, you bring a pragmatic, execution-focused approach to managing regulatory risk and ensuring compliance across the business.

What we offer you

At RSA we put our people first. We have adopted hybrid working as standard, to give you a better work/life balance and an excellent flexible working mindset. That is on top of a comprehensive range of benefits, including pension contributions of up to 11% looking after you now, and in the future.

• We\'ll give you countless opportunities to continuously develop, alongside a diverse and passionate community of experts - the best the industry has to offer.
• You\'ll be empowered to be your best self, do your best work, and make a meaningful impact.
• Our employee promise allows you to shape the future, win as a team, and grow with us.

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About Us

We celebrate individuality and it is important to us that we have a culture where our people feel respected and valued for who they are. We pride ourselves on being accessible and encourage inclusive environments where our people can always give and show the very best of themselves.

We understand that home life is a priority and are happy to consider reduced hours or job shares.

If you think you would be a great fit for us, but do not meet all the requirements of the role, please contact us as we would love to discuss how RSA could be the next step in your career journey.

As a Disability Confident employer, we will ensure that a fair and proportionate number of disabled applicants that meet the minimum criteria for this position will be offered an interview.

If you wish to be considered under the scheme then please answer yes to the question Do you wish to be considered under the Disability Confident Scheme? in RSAs application form

Please let us know if there are any changes we could make to the application process to make it easier and more comfortable for you. Contact our recruitment team so we can work with you to support you throughout your application.