Executive Compliance Business Partner in London

Role Purpose: The job holder will be allocated a specific Division within the UK&I Specialty Pillar and will act as the dedicated Executive Compliance Business Partner, providing Compliance support and oversight.

Key Responsibilities:

• Develop business relationships and work alongside Senior Management and other key stakeholders to support appropriate and effective regulatory understanding and application.
• Maintain an up-to-date regulatory risk profile for the Division and present it regularly to relevant governance forums.
• Develop and maintain an annual Compliance Plan aligned with the overarching Compliance Plan.
• Provide timely visibility and reporting of regulatory matters, concerns and risks to Divisional Senior Management and the assurance committee.
• Act in an advisory and consultative role for the Division on the interpretation and application of regulatory expectations, without developing or implementing the Division’s systems and controls.
• Serve as the primary point of contact for key strategic, commercial and operational initiatives (e.g. restructuring, acquisitions, integrations) and liaise with other Specialty and Central Compliance Functions as necessary.
• Prepare and submit a Compliance Plan and Strategy for the Division and develop frameworks for incorporating Compliance into strategic and decision-making forums.
• Provide input into wider Compliance Function plans and ensure coordination of deliverables with other Compliance Function Managers.
• Manage assigned projects and support the delivery of compliance-related projects.
• Prepare regular management information for senior management and governance fora regarding division regulatory status.
• Work closely with first and second line monitoring functions to ensure conduct risk and general compliance metrics are designed, monitored and addressed in a timely manner.
• Prepare an approach to provide the Head of Compliance with regular updates on progress against key deliverables and tasks defined within the Compliance Plan.
• Provide technical support for regulatory matters across Consumer Duty, Product Governance, ARs, Introducers, SMCR, Operational Resilience, etc.
• Support the review of new and existing client portals and contribute to the oversight of conduct risk and general compliance concerns.
• Interpret and provide expertise on compliance regulations/requirements, advise on regulatory developments and changes, and assist with impact and gap analyses.
• Provide regular compliance updates to business leads and maintain a positive compliance culture.
• Participate in regular meetings for the first line of defence and attend business-unit governance meetings with compliance updates.
• Identify and implement compliance training needs, including induction for new employees.
• Keep up-to-date with regulatory and legal changes that impact the job role and maintain accurate records.
• Respond appropriately to urgent issues and escalate emerging risks to the appropriate authorities.
• Review operating entity policies and procedures from a conduct risk and compliance perspective, alerting management if controls are no longer fit for purpose.
• Deliver quality reports and deliverables to Divisional Senior Management, Head of Compliance, Deputy Head of Compliance and Assurance Committee.
• Maintain strong relationships across the business to promote a positive compliance image and support effective delivery of work.
• Keep abreast of industry, legal, regulatory and governance developments to ensure high standard practice and outputs.
• Ensure compliance with corporate governance, operational excellence, and financial reporting standards required by the operating entity.

Policy, Process and Procedures:

• Regularly review operating entity policies and procedures (e.g. OPMs, supplements) to ensure fit for purpose from a conduct risk and general compliance perspective.
• Interpret and implement actions according to policies and procedures.
• Alert senior management and assurance committee to any fit-for-purpose issues with systems and controls.

People Management & Personal Development:

• Act as a role model for positive management and leadership behaviours.
• Actively pursue personal development to maintain up-to-date knowledge of best practice.
• Maintain awareness of external, industry, legal and regulatory developments relevant to the operating entity.

Regulatory and Compliance:

• Ensure compliance of self and team, where applicable, with all legal, fiscal and regulatory obligations.
• Ensure proper authorisation and processes are followed as required by the operating entity or group.
• Maintain up-to-date performance, HR and T&C records.
• Operate honestly, professionally and ethically, adhering to the Group Employee Code of Conduct.
• Complete relevant regulatory training and maintain competency.

Knowledge & Experience:

• Deep knowledge of regulatory expectations regarding conduct risk (including Consumer Duty and Product Governance) and implementation across various business profiles.
• Extensive experience in the compliance department of a public UK company.
• Previous experience managing compliance professionals.
• Track record of building strong relationships with business leaders/senior management.
• Experience in change programmes.
• Commercial awareness and application of regulation within the insurance broking industry.
• Broad and deep knowledge of the FCA handbook, legislation, and insurance products.

Skills & Behaviours:

• People management skills.
• Strong written and oral communication skills.
• Active listening, analytical and problem-solving skills.
• Project management, prioritising and closing skills.
• Influencing skills to secure buy-in and deliver business benefits.
• Consultative approach and proactive sharing of best practices.
• Empowerment, motivation and accountability for staff.
• Conflict management skills.
• Ability to articulate complex concepts simply.

Qualifications:

• University degree or recognised industry accreditation.
• Professional qualification desirable.

Contract Type: Fixed term contract.

What We Offer: A career that you define, with diversity and supportive culture. Reasonable adjustments are available including flexible hours and hybrid working where possible. If you are excited by this role, we will contact you to discuss your fit and any required adjustments.