At a Glance
- Tasks: Lead the compliance team and ensure regulatory requirements are met in a dynamic insurance environment.
- Company: Join a top-performing specialty insurance group in the Lloyd’s Market.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Promote a strong compliance culture while working with senior stakeholders.
- Why this job: Make a real impact by shaping compliance strategies in a leading insurance firm.
- Qualifications: Senior compliance experience in the UK insurance industry, especially within Lloyd’s.
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.
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 in Slough 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 culture of regulatory excellence. Our dynamic work environment encourages professional growth, offering opportunities to lead a talented compliance team while engaging with key stakeholders and regulators. With a commitment to sustainability and a focus on positive customer outcomes, we provide a rewarding workplace that values innovation and collaboration.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Compliance in Slough
✨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 land you 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! Be ready to share examples of how you've led compliance teams and managed regulatory risks. 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 in Slough
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 Lloyd’s supervisory requirements. We’re looking for someone who can hit the ground running, so let us know how you’ve navigated these areas in the past.
Be Clear and Concise:When writing your cover letter, keep it clear and concise. We appreciate straightforward communication, so get to the point about why you’re the perfect fit for leading our compliance team. Make it easy for us to see your passion and expertise!
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 see what you bring to the table!
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 senior stakeholders and regulators.
✨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 financial crime and be ready to discuss your approach to managing 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.
