At a Glance
- Tasks: Lead risk management and compliance frameworks, ensuring regulatory standards are met.
- Company: Dynamic insurance firm focused on healthy growth and regulatory excellence.
- Benefits: Competitive salary, flexible working options, and opportunities for professional development.
- Why this job: Make a significant impact in shaping risk strategies and compliance within the insurance sector.
- Qualifications: Extensive experience in risk and compliance leadership in General Insurance.
- Other info: Collaborative environment with a focus on innovation and career advancement.
The predicted salary is between 54000 - 84000 £ 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 include:
- Taking the role of key regulatory liaison for the business, taking responsibility for FCA/PRA regulatory submissions, notifications, and supervisory engagement.
- Overseeing policies, procedures and controls aligned to regulatory and governance standards.
- Advising on regulatory change, interpreting any new or evolving requirements and supporting recommended actions, monitoring through to completion.
- Ensuring effective management of regulatory breaches, incidents and remediation plans.
- Supporting Consumer Duty implementation, including outcome testing and board reporting.
- Designing, embedding and maintaining the compliance monitoring program, ensuring proportionate testing and timely issue remediation.
- Owning the development and embedding of the risk management framework, maintaining a close focus on risk appetite (including KRIs and tolerances).
- Leading and supporting the identification, assessment and reporting of risks across underwriting, finance, claims and reserving, operations, IT, outsourcing, compliance and reinsurance.
- Utilising risk methodologies and techniques to produce high quality reporting for the Executive, Board and Committees, including analysis of emerging risks.
- Overseeing the ORSA process, coordinating inputs and ensuring regulatory-compliant documentation and challenge where necessary.
- Supporting stress and scenario testing, and capital risk assessment (in close conjunction with the Actuarial and Finance functions within the business).
Significant experience in risk and/or compliance leadership in the General Insurance sector is required, along with the ability to balance commercial pragmatism with regulatory rigor.
Head of Risk & Compliance (Insurance) in Manchester employer: Barleycorn
Contact Detail:
Barleycorn Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk & Compliance (Insurance) in Manchester
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can get you in the door.
✨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 explain how your experience aligns with their needs, especially in areas like compliance monitoring and risk assessment. We believe confidence is key!
✨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 help you land that dream job in risk and compliance!
We think you need these skills to ace Head of Risk & Compliance (Insurance) in Manchester
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Head of Risk & Compliance role. Highlight your experience in risk management and compliance, especially in the General Insurance sector. We want to see how your skills align with our needs!
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 ability to lead compliance frameworks and manage regulatory relationships.
Showcase Your Regulatory Knowledge: Since this role involves liaising with regulatory bodies like the FCA/PRA, make sure to showcase your knowledge of these regulations in your application. We love candidates who can navigate the regulatory landscape with ease!
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 StudySmarter!
How to prepare for a job interview at Barleycorn
✨Know Your Regulations Inside Out
Make sure you’re well-versed in the FCA and PRA regulations. Brush up on recent changes and how they impact the insurance sector. This will show that you’re not just familiar with compliance but are proactive about staying updated.
✨Demonstrate Your Leadership Skills
Prepare examples of how you've led risk management initiatives in the past. Think about specific challenges you faced and how you navigated them. This will help illustrate your ability to lead a team and manage compliance effectively.
✨Showcase Your Analytical Skills
Be ready to discuss how you’ve used risk methodologies to produce reports or analyses. Bring examples of high-quality reporting you’ve done for executives or boards, as this is crucial for the role.
✨Prepare for Scenario Questions
Expect questions about how you would handle specific regulatory breaches or incidents. Think through potential scenarios and your approach to remediation plans. This will demonstrate your problem-solving skills and readiness for the role.