At a Glance
- Tasks: Ensure regulatory compliance and foster a risk-aware culture in the insurance sector.
- Company: Dynamic insurance firm focused on compliance and risk management.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity to engage with senior leadership and influence strategic decisions.
- Why this job: Play a key role in shaping compliance strategies and making a real impact.
- Qualifications: Experience in risk and compliance within UK general insurance is essential.
The predicted salary is between 36000 - 60000 £ per year.
My client is seeking an experienced Compliance Manager to play a pivotal role in ensuring regulatory compliance and embedding a strong risk-aware culture in the business. The successful incumbent will provide effective regulatory advice and guidance in close collaboration with colleagues, distribution partners, and governance forums.
Key Role Responsibilities:
- Deliver expert regulatory advice across business operations and strategic initiatives.
- Conduct horizon scanning and regulatory updates to inform strategic decision-making.
- Support regulatory alignment in projects, product development, and process reviews.
- Respond to ad hoc compliance queries and distributor issues with timely, accurate guidance.
- Interpret and implement regulatory change to ensure business readiness at all times.
- Provide advisory input on permissions and third-party arrangements, fair value assessments and oversight, compliance with pricing practices, fairness and model analysis.
- Provide oversight of sales channels and delegated arrangements, as well as reviewing and approving all customer-facing materials.
- Provide compliance input into new and existing strategic relationships.
- Review all policy wording, and develop the firm's training & competence frameworks.
- Provide reporting and updates to the Board, Executive Committee and Risk Committee.
- Support in the implementation of SM&CR requirements and FCA reporting processes.
- Maintain the Compliance Manual and other regulatory guides as required.
- Track and manage actions arising from the key process and governance forums.
Key Skills & Knowledge Required:
- Considerable previous experience in risk and compliance roles within UK general insurance.
- Expert knowledge of FCA rules: SM&CR, PRIN, ICOBS, SYSC, Consumer Duty, DISP.
- Strong experience in both compliance advisory and enterprise risk management.
- Good understanding and ability to apply proportionality.
- Excellent report writing, stakeholder engagement, and communication skills.
Compliance Manager (Insurance) in Manchester employer: Barleycorn
As a leading player in the financial services sector, our company offers an exceptional work environment that fosters collaboration and innovation. With a strong commitment to employee development, we provide ample opportunities for growth and advancement, ensuring that our team members are equipped with the skills needed to excel in their careers. Located in a vibrant area, we promote a healthy work-life balance and a culture of inclusivity, making us an attractive employer for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Manager (Insurance) in Manchester
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Barleycorn looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Manager (Insurance) in Manchester
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Barleycorn. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Barleycorn
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Barleycorn’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
