Senior Compliance Manager - Assurance

The Fidelis Partnership; Greater London; On-site; GBP 90,000 - 140,000; Full time

Job summary

The Fidelis Partnership in the London market is seeking a Senior Compliance Monitoring Manager to lead the group's compliance monitoring activities with autonomy and clear accountability. You will conduct thematic reviews, oversee fact-finds and desk-based monitoring, and present findings to the Management Committee and Boards, driving timely corrective actions.

This role requires insurance industry experience, a strong grasp of FCA rulebooks, and excellent analytical, communication and

Qualifications

• Experience in compliance monitoring within the insurance industry, preferably in the London market.
• Detailed understanding of the FCA rulebooks.
• Excellent analytical and problem-solving skills.
• Effective communication and interpersonal skills.
• Ability to work both independently and collaboratively in a fast-paced environment.
• Attention to detail and a commitment to upholding ethical standards.

Responsibilities

• Lead and manage the compliance monitoring activity for the Compliance team to ensure effective execution of monitoring activities.
• Conduct thematic reviews to identify and assess compliance risks across various business areas.
• Perform fact finds and desk-based monitoring to evaluate adherence to regulatory requirements and internal policies.
• Present findings and recommendations to senior management and relevant stakeholders.
• Track and monitor the implementation of corrective actions to ensure timely closure.
• Develop and maintain compliance monitoring plans and schedules.
• Stay updated on regulatory changes and industry best practices to enhance the compliance monitoring framework.
• Provide training and guidance to staff on compliance monitoring processes and requirements.
• Take ownership of compliance monitoring reports to the Management Committee, and Boards.

Skills

Compliance monitoring

Insurance industry experience

FCA rulebooks

Analytical skills

Communication skills

Independent and collaborative work

Attention to detail

Job description

The Fidelis Partnership is a leading privately-owned, Bermuda-based Managing General Underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products. The Fidelis Partnership is one of the largest Managing General Underwriters globally and its operations also include outwards reinsurance, claims handling, exposure management and portfolio analytics. The Fidelis Partnership also sponsors and incubates specialist MGAs through its Pine Walk platform. The Fidelis Partnership is separately owned and managed from the ownership and management of Fidelis Insurance Group.

Across product lines and geographies, we focus on three diversified pillars: reinsurance, specialty and bespoke solutions. We are truly diversified. Our long-standing partnerships with capital providers and quota share partners make us nimble. Our breadth of expertise and capabilities deliver outstanding market returns.

The role

The Fidelis Partnership (TFP) is a prominent managing general underwriter (MGU) in the London Market. Our underwriting comprises of three pillars, Bespoke, Specialty, and Reinsurance, with Bespoke and Specialty making up he majority of the premium. As well as our in-house underwriting teams, we operate an MGA incubation platform called Pine Walk, which provides turn key solutions for new underwriter-led MGA’s.

An opportunity has risen for a Senior Compliance Monitoring Manager to join the group at an exciting time, following The Fidelis Partnership’s (TFP’s) significant growth since Jan 2023, as well as TFP establishing as a Lloyd’s of London coverholder, with the TFP Syndicates 2126 and 3123 being managed for us by Asta.

The successful candidate will have practical experience of working in compliance for an insurer or intermediary in the London Market, leading a variety of compliance monitoring activities. The successful candidate will work under their own initiative to take the lead on compliance monitoring, and will have autonomy to engage, and make decisions, with key stakeholders.

Key accountabilities

• Lead and manage the compliance monitoring activity for the Compliance team to ensure effective execution of monitoring activities.


• Conduct thematic reviews to identify and assess compliance risks across various business areas.


• Perform fact finds and desk-based monitoring to evaluate adherence to regulatory requirements and internal policies.


• Present findings and recommendations to senior management and relevant stakeholders.


• Track and monitor the implementation of corrective actions to ensure timely closure.


• Develop and maintain compliance monitoring plans and schedules.


• Stay updated on regulatory changes and industry best practices to enhance the compliance monitoring framework.


• Provide training and guidance to staff on compliance monitoring processes and requirements.


• Take ownership of compliance monitoring reports to the Management Committee, and Boards.

Skills & experience

• Experience in compliance monitoring within the insurance industry, preferably in the London market.


• Detailed understanding of the FCA rulebooks.


• Excellent analytical and problem-solving skills.


• Effective communication and interpersonal skills.


• Ability to work both independently and collaboratively in a fast-paced environment.


• Attention to detail and a commitment to upholding ethical standards.

Other

The Fidelis Partnership Ethos

At The Fidelis Partnership, we aim to be different while making a difference.

• We set the standard for quality in our industry. Guided by our expertise, our clients can take unique and material risks with confidence.


• Our approach is tailored and designed to deliver excellence for our clients. We are trailblazers, creating unique solutions in the (re)insurance space.


• We are experts. Our brokers and clients value the depth of our knowledge and experience. We leverage state-of-the-art underwriting technology to be a market leader.


• We believe sound ethics make for good business. We deliver value for our customers, investors and communities while actively avoid trading with industries that cause harm to people, the environment and animals.


• We pride ourselves in creating a workplace that prizes execution, meritocracy, Diversity & Inclusion. Our people herald from countless backgrounds and are united by ambition and the unabashed desire to deliver excellence every day. We provide a competitive environment that helps people cultivate themselves professionally and personally and balance a rigorous workplace with a mindset that prioritises environmental and charitable activities in our communities worldwide.

Our ethos dictates our decisions and actions. It unites us as a team of experts and colleagues and provides us with a compass for ensuring we deliver our best to every stakeholder we serve.

Diversity, Equity & Inclusion

Diversity & Inclusion in the workplace

• Insofar as possible, we aim to ensure the composition of our workforce reflects the make-up of the local community


• We have specific programmes in all our offices to support diversity within the hiring process, e.g. internship and scholarship award programmes


• This is a particular focus in Bermuda, where we engage actively with local organisations to source diverse talent and provide coaching/mentoring for underrepresented groups


• We aim to maintain a focus on equal opportunities across all stages of hiring process


• We measure and minimise the pay gap where possible.

Bring Your Whole Self to Work

Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership's successes. This will be driven by a workforce that embraces Diversity & Inclusion at every level, in every department across The Fidelis Partnership.

To ensure that all candidates have a fair opportunity to show their abilities during the recruitment process, adjustments may be required. If your physical or mental health or disability may necessitate an adjustment, please contact [e-mail] to discuss. All information relating to your health or disability will be treated in accordance with our data protection policy.

The Leader in Bespoke & Specialty insurance