At a Glance
- Tasks: Lead compliance monitoring and assess risks in a dynamic insurance environment.
- Company: Join a thriving insurance firm with exciting international growth and a collaborative culture.
- Benefits: Enjoy a competitive salary, excellent bonuses, and a supportive work environment.
- Why this job: Step into your first managerial role and make a real impact in compliance.
- Qualifications: Experience in compliance monitoring within the insurance sector is essential.
- Other info: This is an office-based role in London, perfect for those who thrive in a team.
The predicted salary is between 48000 - 64000 £ per year.
Location: London (Office-based)
Salary: To £80k + excellent bonus (to 40%)
This is an opportunity to join a highly successful insurance firm that’s been enjoying considerable international growth in recent years. This growth creates opportunities to broaden your experience and develop your career.
You’ll love the collaborative and inclusive culture that the firm provides, where your voice will be heard, and your views and opinions will be welcomed.
This newly created role represents a great opportunity for you to step up into your first Manager role. You’ll support with the creation and delivery of the compliance monitoring plan, conducting thematic reviews to identify and assess compliance risks across all areas of the business and performing fact-finds and desk-based monitoring to evaluate adherence to regulatory requirements and internal policies.
You’ll present findings and recommendations to senior management and other relevant stakeholders, tracking and monitoring the implementation of corrective actions to ensure timely closure.
You’ll have gained good Compliance Monitoring experience within the insurance industry, preferably in the London market. You’ll need a detailed understanding of the FCA rulebooks impacting the insurance sector and must possess excellent communication and stakeholder management skills.
This is a fully office-based role and so you must be happy working in the London office 5 days a week.
Interested? Click apply.
Contact Detail:
Willow Resourcing Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Monitoring Manager (Insurance)
✨Tip Number 1
Network with professionals in the insurance industry, especially those who have experience in compliance monitoring. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture.
✨Tip Number 2
Familiarise yourself with the latest FCA rulebooks and compliance regulations specific to the insurance sector. This knowledge will not only boost your confidence but also demonstrate your commitment to staying updated in your field.
✨Tip Number 3
Prepare to discuss your previous compliance monitoring experiences in detail during the interview. Be ready to share specific examples of how you've identified compliance risks and implemented corrective actions in past roles.
✨Tip Number 4
Showcase your communication and stakeholder management skills by preparing to discuss how you’ve effectively presented findings to senior management in the past. Highlight any collaborative projects that demonstrate your ability to work well in a team.
We think you need these skills to ace Compliance Monitoring Manager (Insurance)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Compliance Monitoring Manager in the insurance sector. Familiarise yourself with compliance monitoring plans and the specific requirements of the London market.
Tailor Your CV: Highlight your relevant experience in compliance monitoring, especially within the insurance industry. Emphasise your understanding of FCA rulebooks and any previous roles that involved stakeholder management or presenting findings.
Craft a Compelling Cover Letter: Use your cover letter to express your enthusiasm for the role and the company. Mention how your skills align with their needs, particularly your ability to conduct thematic reviews and track compliance risks.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is crucial in compliance roles.
How to prepare for a job interview at Willow Resourcing Limited
✨Understand the Compliance Landscape
Make sure you have a solid grasp of the FCA rulebooks and compliance requirements specific to the insurance sector. Being able to discuss these in detail will show your expertise and readiness for the role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in compliance monitoring. Prepare examples from your past experience where you've identified compliance risks and how you addressed them.
✨Showcase Your Communication Skills
Since you'll be presenting findings to senior management, practice articulating complex compliance issues clearly and concisely. Highlight any previous experiences where effective communication made a difference.
✨Demonstrate Your Collaborative Spirit
This role values a collaborative culture, so be ready to discuss how you've worked with teams in the past. Share examples that illustrate your ability to engage stakeholders and foster an inclusive environment.