At a Glance
- Tasks: Lead compliance team and ensure adherence to regulatory requirements in a dynamic insurance environment.
- Company: Top-performing specialty insurance group within the prestigious Lloyd’s Market.
- Benefits: Competitive salary, professional development opportunities, and a chance to shape compliance strategies.
- Other info: Join a collaborative team focused on innovation and regulatory excellence.
- Why this job: Make a significant impact on compliance and sustainability in a leading insurance firm.
- Qualifications: Extensive experience in compliance and strong leadership skills required.
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.
Head of Compliance employer: Edenbrook
As a leading specialty insurance group within the Lloyd’s Market, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee growth and development. Our commitment to compliance excellence is matched by our dedication to providing comprehensive benefits and a supportive environment, making us an exceptional employer for those seeking meaningful and rewarding careers in the financial services sector.
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 and attend events related to compliance and insurance. Building relationships can open doors to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of FCA, PRA, and Lloyd’s regulations. We want you to be the go-to person for regulatory advice, so show off your expertise during those chats!
✨Tip Number 3
Don’t just wait for job postings; proactively reach out to companies you admire. A well-timed email expressing your interest in compliance roles can set you apart from the crowd.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are keen to join us directly.
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 experience with regulatory frameworks like PRA and FCA, and don’t forget to mention any leadership roles you've had in compliance teams.
Showcase Relevant Experience:In your cover letter, showcase your relevant experience in compliance, especially with Solvency II and financial crime regulations. We want to see how you’ve successfully navigated similar challenges in the past.
Be Clear and Concise:When writing your application, be clear and concise. Use straightforward language to explain your achievements and how they relate to the responsibilities listed in the job description. We appreciate clarity!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity. 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 latest FCA, PRA, and Lloyd’s regulations. Being able to discuss these in detail will show that you’re not just familiar with compliance but are genuinely passionate about it.
✨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 motivate and guide others through complex regulatory landscapes.
✨Prepare for Scenario Questions
Expect questions that put you in hypothetical situations regarding compliance challenges. Think through potential scenarios related to financial crime or data protection and how you would handle them. This will demonstrate your critical thinking and problem-solving skills.
✨Build Relationships
Since maintaining strong relationships with regulators is key, be ready to discuss how you've built and maintained professional relationships in previous roles. Share specific examples that illustrate your communication skills and ability to collaborate effectively.
