Compliance Oversight & Assurance Manager
Compliance Oversight & Assurance Manager

Compliance Oversight & Assurance Manager

Full-Time 72000 - 84000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead compliance oversight and assurance activities, ensuring regulatory adherence and reporting key findings.
  • Company: Join a major insurer thriving in the Lloyd's Market, known for its commitment to excellence.
  • Benefits: Enjoy a competitive salary of £90,000 - £100,000 plus discretionary bonuses and professional development opportunities.
  • Why this job: Be part of a dynamic team that values innovation and offers impactful work in compliance.
  • Qualifications: Experience in London-market insurance and strong people management skills are essential.
  • Other info: Act as a key contact for assurance functions, driving compliance excellence across the organisation.

The predicted salary is between 72000 - 84000 £ 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. The base salary for this role is £90,000 – £100,000 (dependent on experience). A discretionary bonus is also offered. 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 managing 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 ensuring 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 ensuring 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.41bf1e1f-b16b-4260-a40a-17c77a06fd15

Compliance Oversight & Assurance Manager employer: HFG Insurance Recruitment

As a leading insurer in the Lloyd's Market, we pride ourselves on fostering a dynamic work environment that champions compliance excellence and employee development. Our culture is built on collaboration and innovation, offering competitive salaries, discretionary bonuses, and tailored training opportunities to ensure our team members thrive in their careers. Located in the heart of London, we provide a unique opportunity to engage with industry leaders while contributing to meaningful compliance initiatives that shape the future of insurance.
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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 may have insights into the compliance landscape and potential job openings.

✨Tip Number 2

Stay updated on regulatory changes affecting the insurance industry. Subscribe to relevant newsletters or follow key regulatory bodies on social media to demonstrate your knowledge during interviews.

✨Tip Number 3

Prepare to discuss your experience in managing compliance teams and developing training programmes. Highlight specific examples of how you've successfully led teams or improved compliance processes in previous roles.

✨Tip Number 4

Familiarise yourself with the Compliance Oversight & Assurance Monitoring Plan. Understand its components and be ready to share your ideas on how you would enhance it based on your past experiences and industry best practices.

We think you need these skills to ace Compliance Oversight & Assurance Manager

Compliance Management
Regulatory Knowledge
Risk Assessment
Data Analysis
Report Writing
Stakeholder Engagement
People Management
Incident Management
Root Cause Analysis
Project Management
Communication Skills
Attention to Detail
Problem-Solving Skills
Adaptability
Knowledge of Lloyd's Market

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 Compliance Oversight & Assurance Manager position.

Highlight Key Achievements: When detailing your previous roles, focus on key achievements related to compliance monitoring and reporting. Use metrics where possible to quantify your impact, such as improvements in compliance rates or successful training initiatives.

Showcase Regulatory Knowledge: Demonstrate your awareness of the regulatory environment by mentioning any relevant changes you have adapted to in past roles. This shows that you are proactive and knowledgeable about best practices in compliance oversight.

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 analysing compliance data and reporting findings. Be prepared to discuss your experience with data analysis tools and methodologies. Highlight any innovative approaches you've taken in previous roles to improve compliance reporting or oversight.

Compliance Oversight & Assurance Manager
HFG Insurance Recruitment

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