At a Glance
- Tasks: Provide risk and compliance support, ensuring adherence to regulations and company policies.
- Company: Dynamic company with a meritocratic culture that values self-starters.
- Benefits: Negotiable salary, hybrid working options, and opportunities for professional growth.
- Other info: Join a diverse team committed to achieving excellent customer outcomes.
- Why this job: Make a real impact by promoting a positive risk and compliance culture.
- Qualifications: Experience in risk management and strong communication skills.
The predicted salary is between 44100 - 53900 £ per year.
Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
Title: Risk & Compliance Manager
JOB PURPOSE
- Be responsible for the provision of risk and compliance support and advice to specific entities and/or teams within the Underwriting and/or Wholesale Division.
Provide subject matter expertise, advice and guidance on regulatory requirements, both in relation to UK and overseas entities, as relevant.
- Monitor whether the entities are operating in accordance with the relevant regulatory requirements and Brown & Brown (Europe) ("BBE") policies and minimum standards.
- Build strong working relationships with teammates, in particular the heads of first line compliance and leaders of the individual entities, to promote and drive a positive risk and compliance culture and achievement of good customer outcomes.
PRINCIPAL ACCOUNTABILITIES / RESPONSIBILITIES
- Monitor and challenge entities in embedding of key controls, as required, to comply with the Brown & Brown (Europe) policies and minimum standards.
Where control gaps and/or breaches are identified, oversee remediation actions.
- Assess the effectiveness of the risk management framework, by contributing to the identification, monitoring and reporting of key risks and related controls.
Reporting and escalation of risk events and near misses and helping oversee completion of remediation actions.
- Assist with the implementation of regulatory change, including ensuring teammates are provided with guidance on the application of relevant regulations and standards.
- Develop and maintain an understanding of relevant overseas regulatory requirements and assess how legislative differences may impact the compliance service to be provided and compliance with Brown & Brown (Europe) policies and minimum standards.
Liaise with external overseas compliance consultants where used.
- Build strong relationships with leaders and other key stakeholders.
Be a 'trusted advisor' to teammates.
Provide advice and guidance on regulatory requirements to help businesses find solutions.
- Maintain effective working relationships with key first line teammates which enable collaborative working, whilst maintaining objective oversight and challenge.
Be the first point of contact for the first line.
- Regularly review customer outcomes MI to identify risks, regulatory concerns and key control inadequacies.
Escalate to leaders, ensuring leaders are provided with assistance, as required, to address risks of poor outcomes to customers.
Where necessary, provide assistance in design and implementation of improvements.
- Proactive engagement with leaders and first line teammates to drive improvement in key risk indicators such as, but not limited to, file audit completion and pass rates, complaints outcomes, AR oversight, regulatory breaches.
Confirm that root cause and trend analysis is performed.
- Perform sample checking of adherence to regulatory requirements and BBE key controls, to identify aspects of non-compliance and assist with the actions to address, as appropriate.
- Provide effective reporting on risk and compliance matters, ensuring the key issues are raised.
Attend and present at Boards, committees and other relevant governance meetings on risk and compliance matters, as required.
- Confirm that teammates are provided with sufficient and relevant training on risk and regulatory topics.
As required, develop and deliver training to teammates on the application of relevant laws, regulatory requirements, key controls and other risk and regulatory compliance matters.
- Support the timely and accurate submission of regulatory returns and regulatory applications (FCA and overseas jurisdictions).
- Provide sanctions advisory support including the review, assessment and escalation of sanctions-related risks, referrals and exceptions.
- Support leaders with the implementation and embedding of actions from Group Assurance reviews, Internal audits and Insurer audits.
- Assist with the completion of a control attestation process for the entities. Where concerns and/or breaches are identified, verify that remediation action is undertaken.
- Lead the compliance integration work for assigned acquisitions ensuring that all key risks found in due diligence are remediated and onboarding actions are completed in a timely manner.
- Provide compliance workstream support on Division/BBE-wide projects as and when required.
- Contribute to and support the entities in meeting their objectives and goals.
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.
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Risk & Compliance Manager in London employer: Brown & Brown Insurance
At our Newbury office, we foster a dynamic and inclusive work environment where self-starters thrive and are rewarded for their commitment to exceptional client service. As a Commercial Account Executive, you will benefit from a competitive salary, comprehensive benefits, and robust professional development opportunities, all while working alongside some of the industry's top talent. Join us to enjoy a fulfilling career with autonomy, stability, and the chance to make a meaningful impact in the commercial insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Risk & Compliance Manager in London
✨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 Brown & Brown Insurance looking for candidates who are engaged and informed.
We think you need these skills to ace Risk & Compliance Manager in London
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 Brown & Brown Insurance. 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 Brown & Brown Insurance
✨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 Brown & Brown Insurance’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
