At a Glance
- Tasks: Lead compliance for a top specialty insurance group in the Lloyd’s Market.
- Company: Join a high-performing insurance group with a strong reputation.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Other info: Opportunity to develop a strong compliance culture and lead a dedicated team.
- Why this job: Make a real impact on compliance and regulatory frameworks in a leading firm.
- Qualifications: Senior compliance experience in UK insurance, especially within Lloyd’s.
The predicted salary is between 80000 - 100000 £ per year.
Head of Compliance 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.
Key Skills and Experience:
- 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: Lloyd’s Market Regs & Risk Lead 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 regulatory 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 encourages a strong sense of community among our team members.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Compliance: Lloyd’s Market Regs & Risk Lead
✨Tip Number 1
Network like a pro! Get out there and connect with folks in the insurance industry, especially those who know the Lloyd’s Market. Attend events, join relevant groups, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of PRA, FCA, and Lloyd’s regulations. Be ready to discuss how you’ve tackled compliance challenges in the past. We want to see your expertise shine through, so practice articulating your experiences clearly and confidently.
✨Tip Number 3
Showcase your leadership skills! As a Head of Compliance, you’ll need to demonstrate your ability to lead a team and manage relationships with regulators. Think of examples where you’ve successfully guided teams or influenced stakeholders, and be ready to share these stories during interviews.
✨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 and engaged. So, get your application in and let’s make sure you’re in the running for this exciting opportunity!
We think you need these skills to ace Head of Compliance: Lloyd’s Market Regs & Risk Lead
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 Lloyd’s Market. We want to see how your skills align with the key responsibilities listed in the job description.
Showcase Your Regulatory Knowledge:Demonstrate your strong knowledge of PRA, FCA regulations, and Solvency II in your application. We’re looking for someone who can provide regulatory advice and guidance, so make sure to include relevant examples from your past experiences.
Highlight Leadership Skills:Since this role involves leading a compliance team, it’s crucial to showcase your leadership skills. Share examples of how you’ve developed teams and built relationships with senior stakeholders and regulators. We want to see your ability to promote a strong compliance culture!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensure it gets the attention it deserves. Plus, it shows you’re keen on joining our top-performing specialty insurance group.
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 compliance landscape but also ready to lead the team effectively.
✨Showcase Your Leadership Skills
Prepare examples of how you've successfully led compliance teams in the past. Highlight your ability to build relationships with senior stakeholders and regulators, as this is crucial for the role.
✨Demonstrate Your Risk Management Acumen
Be ready to discuss your experience with risk-based compliance monitoring plans. Share specific instances where your recommendations led to improved compliance outcomes or mitigated risks.
✨Emphasise a Strong Compliance Culture
Talk about how you’ve promoted a compliance culture in previous roles. Provide examples of how you’ve balanced regulatory requirements with commercial objectives, showing that you can support the business while ensuring compliance.
