Compliance Manager – Insurance Sector
Do you have a passion for compliance, regulation and risk management? Do you have a strong track record of setting up compliance policies and frameworks in the financial services sector? Are you an inspired individual who is looking for growth and would like to make an impact in a young and dynamic company? If, so, then we want to hear from you!
Why Work with Us
- Location: Birmingham
- Job Type: Permanent
- Working Model: Office Based Full Time
- Salary: £40,000 – £45,000
- Benefits:
- Paid annual leave
- Pension scheme
- Company wellness program
- Funeral insurance
We are looking for a candidate who has extensive experience in compliance within the financial services sector, particularly in insurance. Your deep understanding of the UK financial sector regulation framework and compliance will help the organization manage risk and remain compliant with the FCA and other relevant regulators.
We offer a friendly and rewarding environment, where development opportunities are limitless.
Key Responsibilities As Head Of Compliance
The key responsibilities of a Compliance Manager include, but are not limited to:
- Development, implementation and maintenance of compliance policies and procedures for the entire business
- Designing and implementing a company-wide compliance and risk management framework
- Reporting directly to the CEO, and advising the board on critical regulatory risks
- Leading regular audits and reviews of our business processes and policies to ensure compliance with applicable rules and regulations
- Dealing directly with regulatory bodies like the Financial Conduct Authority
- Monitor any changes to the rules and regulations and update our policies to ensure compliance
- Working across all departments to ensure that they are compliant
- Training all departments and providing support on all issues to do with regulation and compliance
- Leading and managing a team of KYC and sanctions screening officers
- Overseeing the client onboarding process, including KYC, anti-money laundering and sanctions screening, ensuring that all flagged cases are scrutinised further
- Report writing and dealing with relevant third parties like reinsurers
- Ensure company standards and values are implemented at all times
About Us
Destiny Finance Ltd t/a Diaspora Insurance is a UK-based insurance company that specializes in the design, marketing, and distribution of insurance products and risk management solutions to African nationals living and working in the United Kingdom. You will be joining a dynamic and ambitious firm dedicated to making a significant impact on the African diasporas in terms of insurance.
About You
- Minimum of 5 years’ experience in compliance within the financial services sector or insurance sector
- Deep knowledge and understanding of the UK financial regulatory framework including the FCA is essential
- Experience in anti-money laundering, KYC, sanctions and PEP screening is essential
- Leadership skills and ability to work with all departments
- Excellent report-writing skills
- Innovative thinker, drive, determination and focus on success
- An exceptional team player.
- Energetic, enthusiastic and ambitious with exceptional levels of work ethic and drive.
- Exceptional communication and relationship-building skills
- Insurance Knowledge as an added advantage.
- Required: UK driver’s licence and right to work in the UK.
#J-18808-Ljbffr
Compliance Manager in Birmingham employer: Diaspora Insurance
Diaspora Insurance is an exceptional employer, dedicated to fostering a customer-centric culture that prioritises empathy, speed, and clarity in service delivery. Located in the UK, we offer our employees a dynamic work environment with opportunities for professional growth, particularly in the insurance and financial services sectors. Our commitment to compliance and innovation ensures that team members can make a meaningful impact while enjoying a supportive atmosphere that values their contributions.
