At a Glance
- Tasks: Lead compliance monitoring and operations, ensuring adherence to regulations and effective frameworks.
- Company: Dynamic insurance firm in the heart of London with a focus on compliance excellence.
- Benefits: Competitive salary, career growth opportunities, and a supportive work environment.
- Other info: Join a collaborative team dedicated to enhancing compliance processes and frameworks.
- Why this job: Make a real impact in compliance while shaping the future of the insurance industry.
- Qualifications: 10+ years in compliance with deep knowledge of UK regulations and strong leadership skills.
The predicted salary is between 80000 - 100000 £ per year.
Reporting to the Head of UK Compliance (SMF16 and 17), the Head of Compliance Operations & Monitoring will play a key role in ensuring compliance with all relevant regulations and implementing effective compliance monitoring frameworks.
Responsibilities:
- Oversee the delivery of high quality and timely technical advice to the business in a practical and commercially focused way in relation to all general (i.e. non‑SME) queries.
- Responsible for overseeing the development and execution of the annual Compliance Monitoring Plan.
- Lead and support on suspected and actual regulatory and policy breach or incident investigations (non‑SME), escalating findings and recommendations to the UK Head of Compliance.
- Work with the UK Head of Compliance to develop the annual Compliance Plan.
- Represent and deputise for the UK Head of Compliance as required.
- Ensure that conflicts of interest procedures and processes are designed and operating effectively.
- Ensure team completes pre‑ and post‑bind review of sanctions alerts in a timely manner.
- Ensure complaint handling procedures and processes are designed and operating effectively.
- Maintain key performance indicators (KPIs) to measure the effectiveness of compliance operations, including alert volumes, false‑positive rates, and investigation times.
- Develop, enhance and maintain compliance‑owned frameworks, policies, procedures and guidance documents.
- Monitor and oversee an annual review and update of compliance‑owned policies.
- Prepare the Compliance Monitoring updates for Compliance and Risk Committee, Board and other meetings as required.
- Prepare regulatory returns for UK Head of Compliance approval.
About you
You can demonstrate solid (minimum 10 years) technical compliance exposure to monitoring and operational processes, ideally acquired working at a Lloyd’s Coverholder or UK‑based company market insurer. In addition, you will have:
- Deep technical knowledge of the UK regulatory landscape, including FCA and Lloyd’s requirements.
- A proactive approach to improving processes and a consistent drive to enhance the compliance framework.
- Experience in designing and implementing internal and external regulatory controls.
- Line‑management experience within a compliance function.
- The initiative to work independently and the confidence to take responsibility for decisions made.
- Proven experience in undertaking compliance monitoring reviews.
Seniority Level: Mid‑Senior level
Employment type: Full‑time
Job function: Consulting – Insurance
Head of Compliance Monitoring and Operations employer: Cfc Recruitment
As a leading player in the insurance sector, our company offers an exceptional work environment in the heart of the City of London, where innovation meets compliance excellence. We pride ourselves on fostering a collaborative culture that encourages professional growth and development, providing employees with access to ongoing training and mentorship opportunities. With a commitment to maintaining high standards of compliance and a focus on employee well-being, we ensure that our team members are equipped to thrive in their roles while contributing to meaningful outcomes for the business.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Compliance Monitoring and Operations
✨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 Cfc Recruitment looking for candidates who are engaged and informed.
We think you need these skills to ace Head of Compliance Monitoring and Operations
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 Cfc Recruitment. 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 Cfc Recruitment
✨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 Cfc Recruitment’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
