At a Glance
- Tasks: Lead compliance efforts and ensure regulatory adherence across multiple regions.
- Company: Join a respected financial services organisation with a commitment to excellence.
- Benefits: Competitive salary, flexible working arrangements, and professional development opportunities.
- Other info: 14-month interim role with potential for career growth in a dynamic environment.
- Why this job: Make a significant impact in compliance while supporting leadership and shaping company policies.
- Qualifications: Experience in compliance within financial services and strong communication skills required.
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) employer: AM Best
A.M. Best Europe Rating Services Ltd. offers a dynamic and supportive work environment for the Director, UK Compliance role, where you will play a crucial part in ensuring regulatory compliance across multiple regions. With a strong emphasis on employee development, you will have access to comprehensive training and growth opportunities, all while working in a collaborative culture that values integrity and excellence. Located in the heart of the financial services sector, this position not only provides a chance to make a meaningful impact but also to engage with industry leaders and regulators, enhancing your professional network.
StudySmarter Expert Advice🤫
We think this is how you could land Director, UK Compliance (14 months FTC)
✨Tip Number 1
Network like a pro! Reach out to your connections in the compliance and financial services sectors. Attend industry events or webinars to meet potential employers and get your name out there. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by researching the company and its regulatory environment. Be ready to discuss how your experience aligns with their needs, especially in compliance monitoring and risk assessment. Show them you’re the perfect fit for the role!
✨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 position. It keeps you on their radar and shows your enthusiasm.
✨Tip Number 4
Apply through our website for the best chance at landing that role! We want to see your application and help you shine. Plus, it’s a great way to ensure your CV gets into the right hands.
We think you need these skills to ace Director, UK Compliance (14 months FTC)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Director, UK Compliance role. Highlight your experience in compliance and regulatory matters, especially in financial services. We want to see how your skills match what we're looking for!
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’s super easy to do!
How to prepare for a job interview at AM Best
✨Know Your Regulations
Make sure you have a solid grasp of the relevant laws and regulatory requirements in the jurisdictions where the company operates. Brush up on CRA regulations and any recent changes in compliance legislation, as this will show your commitment and expertise during the interview.
✨Prepare for Regulatory Conversations
Since you'll be communicating with regulators, practice articulating your thoughts clearly and confidently. Prepare examples of how you've successfully navigated regulatory discussions in the past, as this will demonstrate your experience and capability in handling such interactions.
✨Showcase Your Management Skills
As a Director, you'll be managing a direct report. Be ready to discuss your management style and provide examples of how you've supported and developed team members in previous roles. Highlighting your ability to conduct performance reviews and set objectives will be key.
✨Demonstrate Attention to Detail
In compliance roles, accuracy is crucial. Bring along examples of reports or documents you've prepared that showcase your attention to detail. Discuss how you ensure high-quality outputs in your work, as this will resonate well with the interviewers.
