Senior Compliance Manager - Regulatory Services

Chubb; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A multinational insurance firm in London is seeking a Senior Compliance Manager to oversee the Regulatory Services team and manage regulatory relationships in the UK and France. This role involves direct supervision of team members, analysis of regulatory interactions, and ensuring compliance with obligations. The ideal candidate will have a strong knowledge of the insurance industry and European regulations, along with excellent management and communication skills. A university degree is desirable, and knowledge of French is advantageous.

Qualifications

• Desirable to have a university degree.
• Working knowledge of a European language (French is an advantage).
• Strong knowledge of the insurance industry and European regulatory environment.

Responsibilities

• Manage the Regional Regulatory Services team and their professional development.
• Support regulatory relationships in the UK and France.
• Maintain protocols for regulatory engagement and reporting.
• Construct relationships with key stakeholders and regulators.
• Oversee regulatory interactions and provide regular analysis.
• Ensure compliance with regulatory notifications and reporting obligations.

Skills

Knowledge of insurance industry

Management skills

Strong communication skills

Time management

Interpersonal skills

Knowledge of European regulatory environments

Education

University Degree

Job description

Senior Compliance Manager - Regulatory Services London, United Kingdom

Primary responsibility to manage and coordinate the Regional Regulatory Services team. Working with the Regional Compliance Officer and Deputy Regional Compliance Officer, support the positive development of Chubb's regulatory relationships in the UK and France, and providing support on regulatory interactions across Chubb EMEA. Direct management and supervision of three team members as well as direction of regulatory interaction work undertaken by local Compliance staff within the region.

Responsibilities

• Manage and supervise the Regional Regulatory Services team to ensure that work is completed on a timely basis and is of a high standard. Encourage and develop the engagement of staff within the team and work to develop their professional skills and competencies. Ensure team procedures are developed and maintained, including for individual returns.
• Working with the Regional Compliance Officer and Deputy Regional Compliance Officer, support the positive development of Chubb EMEA's regulatory relationships and ensure that their expectations are met. Work with their line managers, Head of Compliance UK and Senior Compliance Manager - CE, as necessary.
• Manage the overall framework for coordinating regulatory interactions across the region, through the maintenance of protocols for regulatory engagement and reporting. Ensure records of regulatory interactions are retained.
• Construct and maintain effective working relationships with key stakeholders within the Chubb EMEA business that have routine regulatory interactions and with contacts at our key regulators.
• Act as point of escalation for regulatory interactions. Be directly involved in or have oversight of material regulatory interactions, such as onsite regulatory reviews.
• Proactively oversee, analyse and provide regular information regarding regulatory interactions.
• Draft and maintain a team plan. Ensure that this is operationalised, for example, through team and individual objectives.
• Ensure that regulatory meetings and other communications are monitored and that actions from these are captured and tracked, escalating any issues.
• Oversee Compliance's work on individual accountability regimes in the UK and France, ensuring that applications are made and that associated documentation such as Management Responsibility Maps and Statements of Responsibility are maintained.
• Working with L&C Operations (who are responsible for maintaining overseas reinsurance licences), ensure that Chubb EMEA has the necessary licences and has made and maintains the relevant passporting applications / notifications in order that it can trade in the UK, across the EEA and overseas, as relevant.
• Ensure that Chubb EMEA is supported in its regulatory interactions through the provision of briefings to individuals being interviewed, minute taking services, etc.
• Support and ensure that relevant regulatory notifications and reporting obligations are met. Conduct a critical assessment of information being provided to our regulators via Compliance to ensure that it is accurate.
• Ensure the Regional Compliance Officer and other members of the function are supported in relation to internal reporting obligations to various forums including regional and legal entity committees, as well as Global Compliance.
• Provide support to and carry out work as directed by the Deputy Regional Compliance Officer EMEA. Deputise as required.

Qualifications

• University Degree (desirable)
• Languages: Working knowledge of a European language an advantage, in particular French, but not a strict requirement.
• Experience: The candidate should have a strong knowledge of the insurance industry. They must also have a good understanding of the European regulatory environment and of managing regulators. Some knowledge and experience of other regulatory environments in Europe, in particular France, would be helpful. The candidate should have the ability to manage a small team of compliance professionals. They should be adept at managing competing priorities with excellent time management and organisation skills. The candidate should also have strong inter-personnel skills and be skilled at communicating compliance and regulatory issues to key stakeholders, both verbally and in writing.

Job Information

• Job Identification 20919
• Job Schedule Full time
• Regular or Temporary Regular
• Job Category Compliance Operations
• Business Unit United Kingdom
• Legal Employer Chubb European Group SE UK Branch