At a Glance
- Tasks: Lead risk management and compliance frameworks in a dynamic insurance environment.
- Company: Join a forward-thinking insurance firm focused on growth and regulatory excellence.
- Benefits: Competitive salary, professional development, and opportunities for impactful leadership.
- Other info: Engage with senior leadership and drive strategic initiatives in a supportive culture.
- Why this job: Shape the future of risk and compliance while making a real difference in the industry.
- Qualifications: Extensive experience in risk/compliance leadership and strong knowledge of FCA/PRA regulations.
The predicted salary is between 43200 - 72000 £ per year.
My client is currently seeking a HEAD OF RISK & COMPLIANCE to lead the development of their risk management and compliance frameworks, ensuring the organisation operates within risk appetite, and supports healthy growth whilst meeting regulatory standards.
Key Responsibilities:
- Take the role of key regulatory liaison for the business, taking responsibility for FCA/PRA regulatory submissions, notifications, and supervisory engagement.
- Oversee policies, procedures and controls aligned to regulatory and governance standards.
- Advise on regulatory change, interpreting any new or evolving requirements and supporting recommended actions, monitoring through to completion.
- Ensure effective management of regulatory breaches, incidents and remediation plans.
- Support Consumer Duty implementation, including outcome testing and board reporting.
- Design, embed and maintain the compliance monitoring program, ensuring proportionate testing and timely issue remediation.
- Own the development and embedding of the risk management framework, maintaining a close focus on risk appetite (including KRIs and tolerances).
- Lead and support the identification, assessment and reporting of risks across underwriting, finance, claims and reserving, operations, IT, outsourcing, compliance and reinsurance.
- Utilise risk methodologies and techniques to produce high quality reporting for the Executive, Board and Committees, including analysis of emerging risks.
- Oversee the ORSA process, coordinating inputs and ensuring regulatory-compliant documentation and challenge where necessary.
- Provide robust independent challenge to underwriting strategy, new products, reinsurance arrangements, and material change initiatives.
- Support stress and scenario testing, and capital risk assessment (in close conjunction with the Actuarial and Finance functions within the business).
Key Skills & Experience Required:
- Significant experience in risk and/or compliance leadership in the General Insurance sector.
- Excellent knowledge of PRA and FCA regulation, UK Solvency and Governance expectations.
- Proven experience engaging with Boards, Committees and regulators (FCA/PRA).
- Ability to balance commercial pragmatism with regulatory rigor.
- Exposure to rating agencies (e.g. AM Best).
- Prior experience in an 'SMF' approved function would be appealing, but not essential.
- Degree in relevant discipline (e.g. Risk Management, Finance, Business) and/or professional risk management qualifications (e.g. IRM, CII) would be advantageous.
If this sounds like it could be of interest to you, please click 'Apply' today - or for more information, contact Terry Wetters (Founder/Director): 07891 708 941.
Locations
Head of Risk & Compliance (Insurance) in Cheshire, Warrington employer: Barleycorn
As a leading player in the insurance sector, our company offers an exceptional work environment that prioritises professional growth and development. With a strong focus on compliance and risk management, employees are empowered to take ownership of their roles while benefiting from a collaborative culture that values innovation and regulatory excellence. Located in a vibrant area, we provide competitive benefits and opportunities for career advancement, making us an ideal employer for those seeking meaningful and rewarding work.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Risk & Compliance (Insurance) in Cheshire, Warrington
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend relevant events. We all know that sometimes it’s not just what you know, but who you know that can help you land that Head of Risk & Compliance role.
✨Tip Number 2
Prepare for interviews by researching the company’s risk management practices and recent regulatory changes. We want you to show them you’re not just a candidate, but the perfect fit for their team!
✨Tip Number 3
Practice your pitch! Be ready to discuss how your experience aligns with their needs, especially around FCA/PRA regulations. We believe that confidence is key when you’re in front of the hiring panel.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. We’re here to support you every step of the way in your job search journey.
We think you need these skills to ace Head of Risk & Compliance (Insurance) in Cheshire, Warrington
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Head of Risk & Compliance. Highlight your experience in risk management and compliance, especially within the General Insurance sector. We want to see how your skills align with the key responsibilities listed in 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 role. Mention specific experiences that demonstrate your knowledge of FCA/PRA regulations and your ability to engage with Boards and Committees. We love a good story!
Showcase Your Regulatory Knowledge:Since this role involves a lot of regulatory work, make sure to showcase your understanding of PRA and FCA regulations. We want to see examples of how you've navigated regulatory challenges in the past and how you can bring that expertise to our team.
Apply Through Our Website:Don't forget to apply through our website! It’s the easiest way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Barleycorn
✨Know Your Regulations
Make sure you brush up on the latest FCA and PRA regulations. Being able to discuss these confidently will show that you’re not just familiar with the rules, but that you can also interpret and apply them effectively in your role.
✨Demonstrate Leadership Experience
Prepare examples of how you've led risk and compliance initiatives in the past. Highlight specific situations where you’ve successfully managed regulatory breaches or implemented compliance frameworks, as this will showcase your hands-on experience.
✨Engage with Real Scenarios
Think about potential risks the company might face and be ready to discuss how you would approach them. This could include anything from underwriting strategies to capital risk assessments. Showing that you can think critically about real-world applications will impress your interviewers.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's current risk management practices and future challenges. This not only demonstrates your interest in the role but also your proactive approach to understanding the business landscape.
