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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, known for its innovation.
- 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.
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 individuals who can provide insights into the compliance landscape and potentially refer you to opportunities at companies like us.
✨Tip Number 2
Stay updated on the latest regulatory changes affecting the insurance industry. Subscribe to relevant newsletters or follow key regulatory bodies 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, as this will showcase your expertise and fit for the role.
✨Tip Number 4
Familiarise yourself with our company’s values and recent initiatives. Understanding our approach to compliance and assurance will help you tailor your conversations and show that you're genuinely interested in contributing to our mission.
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 responsibilities of the position. Be sure to mention any innovative approaches you've taken in previous roles.
Highlight Relevant Skills: Emphasise skills that are crucial for this role, such as analytical abilities, report preparation, and communication skills. Provide examples of how you've successfully managed compliance frameworks and delivered training in past positions.
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
✨Showcase Your Compliance Knowledge
Make sure to brush up on the latest compliance regulations and best practices, especially those relevant to the Lloyd's Market. Demonstrating your understanding of compliance frameworks and how they apply to the insurance industry will impress the interviewers.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to describe how you would handle specific compliance issues or breaches. Prepare examples from your past experience where you successfully managed compliance risks or led investigations, highlighting your problem-solving skills.
✨Highlight Your People Management Skills
Since this role involves managing resources and developing people, be ready to discuss your leadership style and experiences. Share examples of how you've motivated teams, provided training, or handled conflicts to show your capability in people management.
✨Demonstrate Your Analytical Skills
The role requires reporting and analysing compliance data, so be prepared to discuss your analytical approach. Bring examples of reports you've created or how you've tracked compliance outcomes, showcasing your ability to turn data into actionable insights.
