At a Glance
- Tasks: Lead compliance efforts and ensure regulatory adherence across multiple regions.
- Company: Join A.M. Best Europe, a leader in rating services with a commitment to excellence.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: 14-month maternity cover role with opportunities for growth and learning.
- Why this job: Make a real impact by ensuring compliance in a fast-paced financial services sector.
- Qualifications: Degree level education, experience in compliance, and strong communication skills.
The predicted salary is between 75000 - 100000 £ per year.
As the Director, UK Compliance, you will be responsible for ensuring the organisation meets regulatory requirements across multiple regions, while advising leadership, managing compliance risk frameworks, maintaining policies, and acting as the primary interface with regulators. You will primarily be responsible for activity that provides assurance to the Board of A.M. Best Europe Rating Services Ltd. AMBERS (AM Best's FCA registered entity) that the Company is complying with relevant CRA Regulation and industry legislation. This role is an interim role to provide maternity leave cover for a period of circa 14 months. The role is not currently subject to the UK Senior Managers and Certification Regime (SMCR). You will report to the Senior Managing Director, Risk and Compliance.
Responsibilities
- Advisory: Maintain a thorough understanding of relevant laws and regulatory requirements in the jurisdictions where AMBERS is licenced (e.g. UK, Kenya, DIFC etc.), working with the Senior Managing Director, Risk and Compliance to provide advice and guidance. Provide advice in relation to potential development of products and services. Work with direct report to ensure compliance training is provided to employees.
- Monitoring: Support and oversee the implementation of the compliance monitoring programme, identifying, assessing, monitoring and reporting all material compliance risks.
- Reporting: Provide periodic and ad-hoc information and reports to regulators as required. Provide regular reports to the AMBERS Board to give assurance that the business is meeting its regulatory objectives. Provide timely management information on compliance and regulatory issues to senior management including advice on remedial steps. Develop and maintain local legal and compliance policies and procedures to comply with statutory and regulatory requirements.
- Regulatory Relations: Communicate with regulators in respect of compliance issues. Take a leading role in preparing for meetings and inspections with regulators and to review and provide input on relevant Consultation Papers.
- Management: Manage and support a direct report, providing oversight and guidance, conducting performance reviews, setting objectives and having regular 1:1 meetings.
Skills
- A compliance / regulatory professional with a broad range of skills (including compliance monitoring, risk assessment, and advice) possibly gained from working in a small organisation or the subsidiary operation of a larger group.
- Experience of working within financial services sector (ideally within either the insurance or CRA sector) is required.
- Communicating with regulators, including preparing for meetings and inspections with regulators.
- Excellent verbal and written communication skills with the ability to clearly and confidently express observations and recommendations.
- High level of accuracy and attention to detail.
- Strong organisational skills and ability to manage multiple tasks simultaneously.
- Educated to degree level, ideally with a legal background or related subject.
Director, UK Compliance (14 months FTC) - A.M. Best Europe - Rating Services Ltd in London employer: A.M. Best Europe - Rating Services Ltd
A.M. Best Europe Rating Services Ltd is an exceptional employer that prioritises compliance and regulatory excellence within the financial services sector. With a strong commitment to employee development, you will find a supportive work culture that encourages professional growth and offers unique opportunities to engage with regulators across various jurisdictions. Join us in our London office for a meaningful role where your expertise will directly contribute to the assurance of our Board and the integrity of our operations.
Contact Details:
A.M. Best Europe - Rating Services Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Director, UK Compliance (14 months FTC) - A.M. Best Europe - Rating Services Ltd in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the compliance and regulatory sectors. Attend industry events or webinars where you can meet potential employers and learn more about the role. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of relevant laws and regulations. Be ready to discuss how you've navigated compliance challenges in the past. Show them you’re not just a candidate, but the right fit for their team!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds and shows your enthusiasm.
✨Tip Number 4
Apply through our website for a smoother process! We want to see your application, and applying directly helps us keep track of your progress. Plus, it shows you’re keen on joining our team at A.M. Best Europe!
We think you need these skills to ace Director, UK Compliance (14 months FTC) - A.M. Best Europe - Rating Services Ltd in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role of Director, UK Compliance. Highlight your experience in compliance and regulatory matters, especially within the financial services sector. We want to see how your skills align with the job description!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this interim role. Share specific examples of your past experiences that relate to the responsibilities listed in the job description.
Showcase Your Communication Skills:Since this role involves communicating with regulators, make sure your written application reflects your excellent communication skills. Keep it clear, concise, and professional – we love a well-structured application!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at A.M. Best Europe!
How to prepare for a job interview at A.M. Best Europe - Rating Services Ltd
✨Know Your Regulations
Make sure you brush up on the relevant laws and regulatory requirements for the UK and other jurisdictions where A.M. Best operates. Being able to discuss these confidently will show that you're serious about the role and understand the compliance landscape.
✨Prepare for Regulatory Conversations
Since you'll be communicating with regulators, practice how you would present compliance issues and solutions. Think about potential questions they might ask and prepare clear, concise answers to demonstrate your expertise.
✨Showcase Your Management Skills
As this role involves managing a direct report, be ready to discuss your management style and experiences. Share examples of how you've supported team members in the past, conducted performance reviews, and set objectives.
✨Demonstrate Attention to Detail
In compliance, accuracy is key. Bring examples of reports or documents you've worked on that required a high level of detail. This will help illustrate your ability to manage compliance risks effectively and ensure regulatory objectives are met.
