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- Tasks: Lead compliance efforts, ensuring adherence to laws and regulations while managing risk assessments.
- Company: Join an innovative UK insurer focused on growth and regulatory excellence.
- Benefits: Enjoy a dynamic work environment with opportunities for professional development and networking.
- Why this job: Gain exposure to board-level activities and make a real impact on compliance culture.
- Qualifications: Experience in compliance oversight and a background in the insurance industry is essential.
- Other info: This is a contractor role offering a chance to shape compliance strategies.
The predicted salary is between 72000 - 108000 £ per year.
Our client are an entrepreneurial UK insurer who are looking for an experienced Head of Compliance to join their team. This role would provide someone with very broad exposure to board level activity, the regulator, shareholders of the company.
Key requirements for the role include experience with the following:
- Compliance Oversight (SMF 16): The Head of Compliance will have responsibility for the compliance function in the firm and reporting to the governing body on this.
- Money Laundering Reporting Officer (SMF 17): The Head of Compliance will have responsibility for overseeing the firm’s compliance with the FCA’s rules on systems and controls against money laundering.
Additionally, as the Head of Compliance for this UK insurer, your primary responsibility is to ensure that the company operates in compliance with all applicable laws, regulations, and industry standards. This role will be varied and also include the following:
- Developing and implementing compliance policies and procedures
- Monitoring regulatory changes
- Conducting risk assessments
- Regulatory reporting
- Building and management of regulatory relationships with authorities
- Internal monitoring and audits
- Promoting a strong compliance culture within the organization
- Developing and delivering compliance training programs to ensure that all employees understand their obligations and responsibilities.
Ideally, we are looking for an experienced hire with an insurance industry background.
UK Insurer Head of Compliance (Contractor) employer: 20Twenty Search
Contact Detail:
20Twenty Search Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land UK Insurer Head of Compliance (Contractor)
✨Tip Number 1
Network with professionals in the insurance and compliance sectors. Attend industry events, webinars, or local meetups to connect with individuals who may have insights into the role or the company. Building these relationships can often lead to referrals or insider information about the position.
✨Tip Number 2
Stay updated on the latest regulatory changes affecting the insurance industry. Familiarise yourself with the FCA's rules and guidelines, as well as any recent developments in compliance practices. This knowledge will not only prepare you for interviews but also demonstrate your commitment to the role.
✨Tip Number 3
Prepare to discuss your experience with compliance oversight and money laundering regulations in detail. Think of specific examples where you've successfully implemented compliance policies or managed regulatory relationships. This will showcase your expertise and readiness for the responsibilities outlined in the job description.
✨Tip Number 4
Research the company’s culture and values. Understanding their approach to compliance and risk management will help you tailor your discussions during interviews. Highlight how your personal values align with theirs, especially regarding promoting a strong compliance culture within the organisation.
We think you need these skills to ace UK Insurer Head of Compliance (Contractor)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in compliance oversight and money laundering reporting. Use specific examples from your previous roles that demonstrate your ability to manage compliance functions and interact with regulatory bodies.
Craft a Compelling Cover Letter: In your cover letter, emphasise your entrepreneurial spirit and how your background aligns with the company's needs. Discuss your experience in developing compliance policies and procedures, and how you can promote a strong compliance culture within the organisation.
Highlight Relevant Skills: Clearly outline your skills related to risk assessments, regulatory reporting, and internal audits. Mention any specific training programs you have developed or delivered, as this is crucial for the role.
Showcase Industry Knowledge: Demonstrate your understanding of the insurance industry and current regulatory changes. This could include mentioning any relevant certifications or continuous professional development courses you've completed.
How to prepare for a job interview at 20Twenty Search
✨Showcase Your Compliance Expertise
Make sure to highlight your experience in compliance oversight and your understanding of the FCA's rules. Be prepared to discuss specific examples where you've successfully implemented compliance policies or managed regulatory relationships.
✨Demonstrate Leadership Skills
As a Head of Compliance, you'll need to lead a team and promote a strong compliance culture. Share instances where you've led compliance training programs or influenced organisational change to enhance compliance awareness.
✨Stay Updated on Regulatory Changes
Familiarise yourself with recent regulatory changes that may impact the insurance industry. During the interview, mention how you keep abreast of these changes and how you've adapted compliance strategies in response.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world compliance scenarios. Think about challenges you've faced in previous roles and how you navigated them, particularly in relation to money laundering controls and risk assessments.
