At a Glance
- Tasks: Lead the compliance team and ensure adherence to regulatory requirements in the insurance sector.
- Company: Join a top-performing specialty insurance group in the Lloyd's Market.
- Benefits: Competitive salary, career development opportunities, and a dynamic work environment.
- Other info: Opportunity to build strong relationships with regulators and enhance compliance culture.
- Why this job: Make a significant impact on compliance and regulatory frameworks in a leading insurance firm.
- Qualifications: Senior compliance experience in the UK insurance industry, especially within the Lloyd's market.
The predicted salary is between 80000 - 100000 £ per year.
Opportunity working with a top performing specialty insurance group operating within the Lloyd's Market. You will lead and maintain the day-to-day running of the compliance team and group's compliance framework, ensuring regulated entities meet PRA, FCA and Lloyd's regulatory requirements.
Key Responsibilities:- Lead and oversee the Group's compliance framework.
- Monitor compliance with FCA, Lloyd's, financial crime, and prudential requirements, including Solvency II.
- Provide regulatory advice and guidance on regulatory interpretation, change management, and emerging compliance developments.
- Oversee regulatory submissions, notifications, returns, and correspondence across UK and international operations.
- Support the Data Protection Officer and oversee compliance aspects of data protection systems and controls.
- Lead the development and operation of the Group's Sustainability Framework in line with evolving legal and regulatory requirements.
- Act as the Group's primary regulatory contact, maintaining strong relationships with regulators and Lloyd's.
- Maintain and enhance compliance policies, procedures, systems, and controls to effectively manage regulatory risk.
- Deliver a risk-based compliance monitoring plan and report findings, recommendations, and remediation actions to management and Boards.
- Produce compliance MI, Board, and committee reporting to support effective governance and decision-making.
- Lead the Group's Conduct Risk Framework and Product Governance Working Group to support positive customer and client outcomes.
- Oversee the Senior Managers & Certification Regime, including accountability, fitness and propriety, and regulatory references.
- Promote a strong compliance culture while providing pragmatic, commercially focused support to the business.
- Lead and develop the compliance team, building effective relationships with senior stakeholders and regulators.
- Hold SMF16 (Compliance Oversight) responsibility for an overseas entity, with accountability for the effectiveness of the compliance framework.
- Undertake additional duties as reasonably required.
- Senior compliance experience within the UK insurance industry, with experience of working in the Lloyd's and London market.
- Strong knowledge of PRA and FCA regulation and Lloyd's supervisory requirements.
- Working knowledge and experience of Solvency II.
Head of Compliance employer: Edenbrook
Join a leading specialty insurance group within the Lloyd's Market, where you will play a pivotal role in shaping compliance strategies and fostering a robust compliance culture. Our commitment to employee development is reflected in our supportive work environment, offering opportunities for professional growth and collaboration with industry experts. Located in the heart of London, we provide a dynamic workplace that values innovation and integrity, ensuring that our team members thrive both personally and professionally.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Compliance
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend relevant events. We all know that sometimes it’s not just what you know, but who you know that can help you land that Head of Compliance role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of PRA and FCA regulations. We recommend creating a cheat sheet of key points to discuss, so you can impress the interviewers with your expertise in compliance frameworks.
✨Tip Number 3
Showcase your leadership skills! When discussing your experience, highlight how you've led teams and built relationships with regulators. We want to see how you can promote a strong compliance culture within the organisation.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Head of Compliance
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Head of Compliance role. Highlight your senior compliance experience, especially within the UK insurance industry and any relevant work in the Lloyd's Market. We want to see how your skills align with our needs!
Showcase Your Regulatory Knowledge:In your application, don’t forget to showcase your strong knowledge of PRA, FCA regulations, and Solvency II. We’re looking for someone who can navigate these waters smoothly, so let us know how you’ve done this in the past.
Be Clear and Concise:When writing your application, keep it clear and concise. We appreciate straightforward communication, so avoid jargon and get straight to the point about your achievements and how they relate to the role.
Apply Through Our Website:Finally, make sure to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at Edenbrook
✨Know Your Regulations
Make sure you brush up on the PRA, FCA, and Lloyd's regulatory requirements. Being able to discuss these in detail will show that you're not just familiar with the rules but also understand their implications for the business.
✨Showcase Your Leadership Skills
As a Head of Compliance, you'll be leading a team. Prepare examples of how you've successfully managed teams in the past, particularly in high-pressure situations. Highlight your ability to build relationships with both regulators and senior stakeholders.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific compliance challenges or changes in regulations. Think through potential scenarios related to Solvency II or data protection and be ready to discuss your approach to these issues.
✨Demonstrate a Strong Compliance Culture
Be prepared to talk about how you've promoted a compliance culture in previous roles. Share specific strategies you've implemented to ensure that compliance is seen as a priority across the organisation, not just a box-ticking exercise.
