Conduct Compliance Executive

Our client is an established and prestigious brand, who are looking to bolster their Business Compliance team with the appointment of two Compliance Executives, initially on a 12 month FTC, with the potential of going permanent.

Key purpose of the job: You will be tasked with contributing to the provision of a regulatory compliance service to the business, acting as a primary point of contact between the firm's Business Compliance (2lod) and wider business. The primary purpose of the role is to manage regulatory and conduct compliance risks by:

• Identifying forthcoming changes to the regulatory framework relevant to the business.
• Ensuring compliance risks are identified, mitigated, remediated and reported on.
• Providing subject matter expert advice and guidance on all matters relating to regulatory and compliance risk.
• Co-ordinating the completion of regulatory and other returns and information requests across the business as requested by the FCA.
• Driving engagement on the subject of regulatory compliance and conduct culture at all levels up to and including the Senior Leadership Team including Senior Management Function holders.

Accountabilities:

• Provide specialist regulatory and compliance advice and promote a compliance culture throughout the business, influencing stakeholders, including SMF holders and other senior managers, to deliver compliant products and services which deliver good customer outcomes.
• Manage regulatory risk by working with business areas to cultivate and maintain key relationships to enable the provision of proportionate and appropriate advice on relevant regulations and business policies and processes whilst supporting commercial strategy.
• Assist in the design, establishment and implementation of the Compliance Monitoring plan, to oversee the 1lod controls in line with the regulatory risk cycle.
• Assist in updating and maintaining the conduct risk assessment matrix, taking into consideration existing and emerging regulatory risks and developments.
• Where required, conduct allocated compliance monitoring reviews in line with the Compliance Monitoring Review framework including collaborating with stakeholders to gather information for analysis, testing, producing reports on the findings of monitoring activity and developing a plan to mitigate identified risks.
• Contribute to a monthly legal and regulatory update to the wider business, identifying, describing and providing relevant commentary on regulatory change relevant to the firm.
• Manage all regular reporting requests from the FCA and any internal Audit requests.
• Collaborate with colleagues across business to co-ordinate requests and responses to compile comprehensive responses that are submitted in line with deadlines.
• Contribute to the maintenance of a compliant SM&CR framework.

Key Skills, Knowledge & Experience:

• Strong working knowledge of FCA principles, rules, handbook and non-handbook guidance, codes of practice.
• Working knowledge of the FCA’s requirements as they apply to general insurance distribution, including but not limited to the ICOBS and PROD sourcebooks.
• Capacity for collaborative multi-departmental working, providing advice to jointly achieve effective results.
• Ability to carry out multiple tasks and prioritise challenging workloads to plan and deliver work effectively.
• Ability to work within policies and procedures to deliver allocated departmental objectives.
• Excellent communication skills and an ability to engage with a range of stakeholders including members of the Senior Leadership team.
• Strong analytical skills which are applied to assist in drawing conclusions from complex data.
• Able to provide technical support and coaching to colleagues.