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- Tasks: Lead compliance oversight and assurance activities, ensuring regulatory adherence.
- Company: Join a major insurer thriving in the Lloyd's Market with a strong reputation.
- Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work culture.
- Why this job: Make a real impact on compliance while working with diverse teams and stakeholders.
- Qualifications: Experience in London-market insurance and people management is essential.
- Other info: Be the go-to person for compliance risks and controls across various assurance functions.
The predicted salary is between 43200 - 72000 £ per year.
A major insurer that operates in the Lloyd's Market is currently seeking a Compliance Oversight and Assurance Manager. In this role, you will enable provision of assurance over compliance, to boards, external stakeholders and others.
On a day-to-day basis, you will:
- Deliver Compliance Oversight and Assurance activity
- Develop the annual Compliance Oversight & Assurance Monitoring Plan covering key compliance risks
- Deliver the annual Compliance Oversight and Assurance Monitoring Plan and manage resources to deliver as part of the annual and longer term Compliance Plan
- Report key findings from business transaction data on compliance controls and breaches to the Head of Compliance
- Bring an innovative approach to the collection, design and preparation of reports/MI on the performance and findings of Compliance Oversight & Assurance for committees and boards, external stakeholders and others
- Be responsible for monthly reports to the Head of Compliance and quarterly reports to the Executive Committee
- Manage special investigations/ad hoc oversight activity as required by the Head of Compliance
- Identify, report, record, analyse and escalate incidents and breaches including commentary on root cause
- Track outcomes from thematic and ad-hoc reviews to conclusion
- Manage the Compliance O&A Framework and ensure process documents are reviewed annually
- Maintain an awareness of relevant changes to the regulatory environment both UK and abroad, ensuring that the Oversight & Assurance framework reflects best practice
- Highlight training needs to the Head of Compliance and ensure targeted training is put in place where necessary
- Act as the primary point of contact for other assurance functions (Risk, Internal Audit and Internal Controls) regarding Compliance risks and controls
It is essential for this role that you have experience working for a London-market insurance business and a background in people management and development.
Compliance Oversight & Assurance Manager employer: HFG Insurance Recruitment
Contact Detail:
HFG Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Oversight & Assurance Manager
✨Tip Number 1
Network with professionals in the London-market insurance sector. Attend industry events, webinars, or local meetups to connect with people who can provide insights into the compliance landscape and potentially refer you to opportunities at StudySmarter.
✨Tip Number 2
Stay updated on the latest regulatory changes affecting the insurance industry. Subscribe to relevant newsletters or follow key influencers on social media to demonstrate your knowledge during interviews and discussions.
✨Tip Number 3
Prepare to discuss your experience in managing compliance oversight and assurance activities. Be ready to share specific examples of how you've developed monitoring plans or reported findings to senior management, as this will showcase your expertise.
✨Tip Number 4
Familiarise yourself with the Compliance O&A Framework and best practices in compliance reporting. This knowledge will not only help you in interviews but also show that you're proactive and serious about the role at StudySmarter.
We think you need these skills to ace Compliance Oversight & Assurance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance oversight and assurance, particularly within the London-market insurance sector. Use specific examples that demonstrate your ability to manage compliance risks and deliver assurance activities.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background in people management and development aligns with the job requirements. Be sure to mention any innovative approaches you've taken in previous roles that could benefit the company.
Highlight Relevant Skills: Emphasise skills that are crucial for this position, such as analytical abilities, report preparation, and communication skills. Provide examples of how you've successfully managed compliance frameworks and reported findings to stakeholders.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is essential for a Compliance Oversight & Assurance Manager.
How to prepare for a job interview at HFG Insurance Recruitment
✨Understand the Compliance Landscape
Familiarise yourself with the current regulatory environment, especially within the Lloyd's Market. Be prepared to discuss recent changes and how they impact compliance oversight, as this will demonstrate your proactive approach and industry knowledge.
✨Showcase Your Analytical Skills
Prepare examples of how you've identified and reported compliance breaches in previous roles. Highlight your ability to analyse data and track outcomes from reviews, as this is crucial for the role of Compliance Oversight & Assurance Manager.
✨Demonstrate Leadership Experience
Since the role involves people management and development, be ready to share your experiences in leading teams. Discuss how you've successfully managed resources and delivered training to enhance compliance understanding among staff.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world compliance scenarios. Think about past challenges you've faced and how you approached them, particularly in relation to compliance controls and reporting.
