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- Tasks: Lead compliance efforts to ensure Flood Re meets regulatory standards and supports its mission.
- Company: Flood Re, a pioneering collaboration between government and insurance for affordable flood cover.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic work environment focused on continuous improvement and innovation.
- Why this job: Join a team making a real difference in flood risk management and community support.
- Qualifications: Studying or qualified in compliance, with experience in financial services or insurance.
The predicted salary is between 50000 - 60000 £ per year.
Identify, assess, monitor, report and advise on all matters of compliance, to support the Board and senior management in carrying out their responsibilities in relation to compliance management and ensure that Flood Re business is conducted in accordance with corporate policies under the appropriate framework of laws, regulations and standards and assist Flood Re in its aim of becoming a world-wide centre of excellence for flood risk.
As an independent part of the second line of defence, the Compliance Manager will monitor conduct risk, general compliance risk including that arising from activities of outsourced service providers and share with the Risk and Internal Audit teams the findings of their activities.
Manage Flood Re’s compliance activities: implement and manage the Compliance framework (including the compliance monitoring activities) and all related policies, processes and tools and provide consultation and advice on compliance matters, to ensure that Flood Re remains compliant. Manage and maintain records, logs, registers and other artefacts that form part of Flood Re’s compliance framework. Make timely, appropriate submissions and reports to the FCA and PRA.
Responsible for compliance training and any associated learning platform and the successful onboarding of new joiners insofar as compliance activities are concerned. Monitor external sources to ensure proactive management of new compliance regulations. Monitor and oversee the policies and procedures of outsourced providers.
Evaluate and review Flood Re’s compliance with standards and regulations and elevate any risks and issues in a timely fashion to ensure they are handled appropriately and in line with regulatory expectations and Flood Re’s own policies and approach to performance management.
Analyse and interpret Flood Re’s compliance strategy and manage development of new compliance policies to drive the implementation of the overall Flood Re strategy. Provide internal Compliance reporting (including on whistleblowing) to demonstrate that Flood Re is meeting its compliance obligations. Develop and maintain management tools to provide MI to demonstrate that Flood Re is fulfilling its statutory responsibilities. Maintain and oversee the incident management process.
Critically review Compliance working practices, recommend, and implement new/improved ways of working in order to contribute to the establishment of a continuous improvement culture across the organisation. Ensure that all Compliance activities are undertaken with a mind to meeting Flood Re’s public accountability obligations.
Knowledge, Skills and Experience
- Completed or studying for a compliance professional qualification (CISI or equivalent), with experience in an operational compliance function.
- Strong understanding of FCA and PRA regulatory requirements (including SMCR) and relevant industry standards.
- Relevant experience within the insurance or wider financial services sector.
- Methodical, diligent and detail-oriented, with strong analytical skills and the ability to interpret information quickly.
- Experience of effective horizon scanning and taking proactive steps to future-proof Flood Re’s compliance framework.
- Proven ability to produce high-quality management information, maintain accurate records and deliver clear reporting.
- Investigative and analytical mindset, able to identify issues, determine root causes and use logical reasoning to resolve complex or ambiguous situations.
- Committed to continuous improvement, consistently enhancing processes, documentation and ways of working.
- Constructively challenges existing practices and seeks opportunities to improve efficiency, reduce risk and optimise performance.
- Highly organised with strong follow-through, delivering high-quality work within agreed timeframes and working effectively both independently and collaboratively.
- Advocates for simplicity, designing intuitive processes and clear documentation without compromising governance or control.
- Experience in designing, delivering and embedding specialist compliance training and monitoring activities.
- Proficient in Microsoft Office and comfortable adopting new digital tools to improve efficiency and ways of working.
- Self-aware, personable and professional, demonstrating sound judgement, and the ability to build strong relationships across the organisation.
Compliance Manager employer: Flood Re Limited
Contact Detail:
Flood Re Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Manager
✨Tip Number 1
Network like a pro! Reach out to people in the compliance field, especially those at Flood Re. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by brushing up on FCA and PRA regulations. Show us you know your stuff and can talk about how you'd tackle compliance challenges at Flood Re.
✨Tip Number 3
Don’t just wait for job openings; be proactive! Keep an eye on our website and apply as soon as you see something that fits. We love seeing enthusiastic candidates!
✨Tip Number 4
Showcase your analytical skills! Bring examples of how you've identified compliance issues in the past and what steps you took to resolve them. We want to see your problem-solving in action!
We think you need these skills to ace Compliance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Compliance Manager role. Highlight your experience with FCA and PRA regulations, and any compliance frameworks you've worked with. We want to see how your skills align with what we're looking for!
Be Clear and Concise: When writing your application, keep it clear and to the point. Use bullet points where possible to make it easy for us to read. We appreciate a well-structured application that gets straight to the important bits!
Show Your Passion for Compliance: Let your enthusiasm for compliance shine through! Share examples of how you've contributed to compliance improvements in previous roles. We love candidates who are committed to continuous improvement and can demonstrate their proactive approach.
Follow Our Application Process: Make sure to apply through our website and follow the instructions carefully, especially regarding anonymising your CV. This helps us ensure a fair recruitment process and gives you the best chance to shine!
How to prepare for a job interview at Flood Re Limited
✨Know Your Compliance Stuff
Make sure you brush up on FCA and PRA regulations before the interview. Being able to discuss these in detail will show that you’re not just familiar with compliance but that you can also apply this knowledge practically.
✨Showcase Your Analytical Skills
Prepare examples of how you've identified compliance issues in the past and the steps you took to resolve them. This will demonstrate your investigative mindset and ability to handle complex situations effectively.
✨Be Ready to Discuss Continuous Improvement
Flood Re values a culture of continuous improvement, so think about ways you've enhanced processes or documentation in previous roles. Be ready to share specific examples that highlight your commitment to optimising performance.
✨Build Relationships
Since the role involves working collaboratively across the organisation, be prepared to talk about how you've built strong relationships in the past. Highlight your interpersonal skills and how they’ve helped you succeed in compliance roles.