At a Glance
- Tasks: Lead Risk and Compliance for the UK Branch, influencing key business decisions.
- Company: Join a dynamic team focused on insurance products and regulatory compliance.
- Benefits: Enjoy remote work flexibility and the chance to shape company policies.
- Why this job: Make a real impact in risk management while developing your career in a supportive environment.
- Qualifications: 4-5 years in Risk or Compliance roles with UK/EU Insurance experience required.
- Other info: Ideal candidates will have held SMF 16 or 19 positions.
The predicted salary is between 43200 - 72000 £ per year.
A specialist Travel Insurance company are currently recruiting for a Compliance and Risk Manager to manage their UK and EU operationsJob purpose: Based remotely, with distinct responsibility for the Risk and Compliance of the UK Branch and some EU exposure, providing insight and guidance to the business on all aspects of Risk and Compliance to which the UK Branch is exposed.The role holder will ideally have held SMF 16 or 19, will be required to have at 4-5 years in Risk or Compliance roles with a UK/EU Insurance company and will be a key member of the UK Branch, and will also play a leading role in successful management of the business. Key accountabilities:* In conjunction with the Head of Risk and Compliance, manage and further develop the Risk Management and Compliance plans for the UK Branch * To have sufficient independence to influence proposals or decisions which affect the Company\’s exposure to risk and compliance, including but not limited to, new business and new product proposals. * To report on the overall risk and compliance exposure to the Chief Risk Officer and the Head of Compliance respectively. * Establish effective internal governance procedures and monitor adherence to same. * Responsibility for oversight of Compliance for the business\’s distributors sales of travel, gadget and wedding insurance products * Accountable to the FCA/PRA for compliance with regulations, guidance and correspondences Skills, know-how and experience:Must have:* Good understandin…
Risk and Compliance Manager SMF 16/19 - Remote employer: Harrison Holgate
Contact Detail:
Harrison Holgate Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk and Compliance Manager SMF 16/19 - Remote
✨Tip Number 1
Familiarize yourself with the specific regulations and compliance frameworks relevant to the UK insurance market, such as Solvency II and the Insurance Distribution Directive. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the role.
✨Tip Number 2
Network with professionals in the risk and compliance field, especially those who have experience in the UK insurance sector. Engaging with industry groups or attending relevant webinars can provide valuable insights and connections that may lead to job opportunities.
✨Tip Number 3
Prepare to discuss your previous experiences in managing risk and compliance frameworks. Be ready to share specific examples of how you've influenced decisions or improved processes in past roles, as this will showcase your practical expertise.
✨Tip Number 4
Highlight your ability to communicate complex issues clearly, especially in relation to numerical data. Consider practicing how you would explain intricate compliance matters to non-experts, as strong communication skills are crucial for this role.
We think you need these skills to ace Risk and Compliance Manager SMF 16/19 - Remote
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the key responsibilities and requirements. Highlight your relevant experience in risk management and compliance, especially within the UK/EU insurance sector.
Tailor Your CV: Customize your CV to reflect your experience in risk and compliance roles. Emphasize your understanding of UK regulatory requirements, such as Solvency II, and any previous positions held that align with the SMF 16 or 19 responsibilities.
Craft a Compelling Cover Letter: Write a cover letter that clearly articulates your motivation for applying and how your skills and experiences make you a perfect fit for the role. Use specific examples to demonstrate your ability to manage risk and compliance effectively.
Highlight Interpersonal Skills: Since the role requires fostering good working relationships, be sure to mention your strong interpersonal skills and provide examples of how you've successfully communicated complex issues in previous roles.
How to prepare for a job interview at Harrison Holgate
✨Understand Regulatory Frameworks
Make sure you have a solid grasp of UK regulatory requirements, especially Solvency II and the Insurance Distribution Directive. Be prepared to discuss how these regulations impact risk management and compliance strategies.
✨Demonstrate Your Experience
Highlight your 4-5 years of experience in Risk or Compliance roles within a UK/EU insurance company. Share specific examples of how you've influenced decisions that affected risk exposure and compliance.
✨Showcase Your Communication Skills
Prepare to clearly communicate complex issues, especially those involving numerical data. Practice explaining technical concepts in a way that is easy to understand for non-experts.
✨Foster Relationship Building
Emphasize your ability to build strong working relationships both internally and externally. Think of examples where you've successfully collaborated with different teams or stakeholders to promote effective risk management.