At a Glance
- Tasks: Ensure compliance with regulations and manage risks in a dynamic insurance environment.
- Company: Join a leading (re)insurance group at the forefront of the Lloyd’s market.
- Benefits: Enjoy competitive perks, potential remote work options, and a supportive team culture.
- Why this job: Be part of a vital role that shapes compliance standards and drives positive change.
- Qualifications: Proven compliance experience in insurance; ACII or equivalent is a plus.
- Other info: Ideal for those passionate about regulatory challenges and making an impact.
The predicted salary is between 43200 - 72000 £ per year.
New Compliance Manager opportunity working with a market leading (re)insurance group operating within the Lloyd’s market. You will ensure key regulations are being adhered to, including those from the FCA, PRA, Lloyd’s, and Solvency II. It includes checking on third-party partnerships, preparing regulatory reports, and working with others to manage compliance risks.
Key Responsibilities:
- Act as a key contact for regulatory and compliance matters related to Coverholders, Appointed Representatives, and third parties.
- Support and challenge the business on compliance with evolving regulatory standards.
- Lead compliance oversight and reporting activities.
- Assist in regulatory submissions and maintain accurate records of correspondence.
- Track and assess regulatory changes; ensure implementation with relevant stakeholders.
- Develop and deliver compliance training; provide day-to-day advisory support.
- Support internal projects and assist in drafting policies to ensure alignment with regulations.
- Represent Compliance in internal committees and audits when required.
Experience & Skills:
- Proven compliance experience in insurance, ideally both carrier and intermediary settings.
- Understanding of the Lloyd’s market is highly desirable.
- Experience overseeing third-party arrangements and compliance risk reviews.
- ACII or equivalent experience desirable.
Locations
Compliance Manager employer: Edenbrook
Contact Detail:
Edenbrook Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Manager
✨Tip Number 1
Familiarise yourself with the key regulations relevant to the role, such as those from the FCA, PRA, and Solvency II. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance.
✨Tip Number 2
Network with professionals in the Lloyd’s market to gain insights into current compliance challenges and best practices. This can provide you with valuable information that may set you apart during the interview process.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed compliance risks in previous roles. Highlighting your hands-on experience with third-party arrangements will show that you have the practical skills needed for this position.
✨Tip Number 4
Stay updated on recent changes in compliance regulations and be ready to discuss how these might impact the business. Showing that you are proactive about regulatory changes will impress potential employers.
We think you need these skills to ace Compliance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant compliance experience, particularly in insurance and the Lloyd’s market. Use specific examples that demonstrate your understanding of regulations like FCA, PRA, and Solvency II.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Compliance Manager role. Discuss how your background aligns with the key responsibilities, such as managing compliance risks and preparing regulatory reports.
Highlight Relevant Skills: Emphasise skills that are crucial for the role, such as your ability to track regulatory changes, develop compliance training, and provide advisory support. Mention any experience with third-party partnerships and internal audits.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A polished application reflects your attention to detail, which is essential for a Compliance Manager.
How to prepare for a job interview at Edenbrook
✨Know Your Regulations
Familiarise yourself with key regulations such as those from the FCA, PRA, and Solvency II. Be prepared to discuss how these regulations impact the role and the company, demonstrating your understanding of compliance in the (re)insurance sector.
✨Showcase Your Experience
Highlight your previous compliance experience, especially within insurance. Be ready to provide specific examples of how you've managed compliance risks or overseen third-party arrangements, as this will show your capability for the role.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills in compliance situations. Think about past challenges you've faced and how you navigated them, as this will illustrate your practical knowledge and decision-making abilities.
✨Demonstrate Training Skills
Since the role involves developing and delivering compliance training, be prepared to discuss any relevant experience you have in training others. Share examples of how you've successfully communicated complex compliance issues to non-compliance staff.