At a Glance
- Tasks: Ensure compliance with regulations and manage risks in a dynamic insurance environment.
- Company: Join a leading (re)insurance group within the prestigious Lloyd's market.
- Benefits: Enjoy competitive perks, potential remote work options, and a supportive team culture.
- Why this job: Be at the forefront of regulatory compliance, making a real impact in the industry.
- Qualifications: Proven compliance experience in insurance; ACII or equivalent is a plus.
- Other info: Ideal for those passionate about compliance and eager to grow in a fast-paced setting.
The predicted salary is between 43200 - 72000 £ per year.
New Compliance Manager opportunity working with a market leading (re)insurance group operating within the Lloyd’s market. You will ensure key regulations are being adhered to, including those from the FCA, PRA, Lloyd’s, and Solvency II. It includes checking on third-party partnerships, preparing regulatory reports, and working with others to manage compliance risks.
Key Responsibilities:
- Act as a key contact for regulatory and compliance matters related to Coverholders, Appointed Representatives, and third parties.
- Support and challenge the business on compliance with evolving regulatory standards.
- Lead compliance oversight and reporting activities.
- Assist in regulatory submissions and maintain accurate records of correspondence.
- Track and assess regulatory changes; ensure implementation with relevant stakeholders.
- Develop and deliver compliance training; provide day-to-day advisory support.
- Support internal projects and assist in drafting policies to ensure alignment with regulations.
- Represent Compliance in internal committees and audits when required.
Experience & Skills:
- Proven compliance experience in insurance, ideally both carrier and intermediary settings.
- Understanding of the Lloyd’s market is highly desirable.
- Experience overseeing third-party arrangements and compliance risk reviews.
- ACII or equivalent experience desirable.
Compliance Manager employer: Edenbrook
Contact Detail:
Edenbrook Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Manager
✨Tip Number 1
Familiarise yourself with the key regulations relevant to the role, such as those from the FCA, PRA, and Solvency II. This knowledge will not only help you in interviews but also demonstrate your commitment to compliance.
✨Tip Number 2
Network with professionals in the Lloyd's market and attend industry events or webinars. Building connections can provide insights into the compliance landscape and may lead to referrals for the position.
✨Tip Number 3
Stay updated on recent regulatory changes and trends in the insurance sector. Being able to discuss current issues during your interview will show that you are proactive and well-informed.
✨Tip Number 4
Prepare to discuss your experience with third-party arrangements and compliance risk reviews. Highlight specific examples where you've successfully managed compliance challenges, as this will resonate with the hiring team.
We think you need these skills to ace Compliance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant compliance experience, particularly in insurance and the Lloyd's market. Use specific examples to demonstrate your understanding of regulations like FCA, PRA, and Solvency II.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Compliance Manager role. Discuss how your background aligns with the key responsibilities listed in the job description, such as managing compliance risks and preparing regulatory reports.
Highlight Relevant Skills: Emphasise skills that are crucial for the role, such as your ability to track regulatory changes, develop compliance training, and provide advisory support. Mention any experience you have with third-party partnerships and compliance oversight.
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 Manager.
How to prepare for a job interview at Edenbrook
✨Know Your Regulations
Familiarise yourself with key regulations such as FCA, PRA, and Solvency II. Be prepared to discuss how these regulations impact the role of a Compliance Manager and provide examples of how you've ensured compliance in previous positions.
✨Showcase Your Experience
Highlight your proven compliance experience in insurance, particularly in both carrier and intermediary settings. Be ready to share specific instances where you successfully managed compliance risks or oversaw third-party arrangements.
✨Demonstrate Your Understanding of the Lloyd's Market
Since understanding the Lloyd's market is highly desirable, make sure to research its unique aspects. Discuss any relevant experiences you have that relate to this market and how they can benefit the company.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills in compliance situations. Think about past challenges you've faced and how you navigated them, focusing on your analytical and advisory skills.