At a Glance
- Tasks: Lead compliance initiatives and ensure adherence to UK motor insurance regulations.
- Company: Fast-growing MGA with a focus on compliance and collaboration.
- Benefits: Competitive salary of GBP 90,000 and opportunities for professional growth.
- Other info: Collaborative culture with opportunities to build relationships across the business.
- Why this job: Step into a pivotal role influencing key regulatory initiatives in a dynamic environment.
- Qualifications: 5 years of compliance experience in the UK insurance market and strong organisational skills.
The predicted salary is between 90000 - 90000 £ per year.
We are working with a fast-growing MGA for a Compliance Manager role to work closely with the Head of Compliance. This role offers broad exposure across multiple compliance disciplines, making it ideal for someone looking to step into a wider, more influential position and take ownership of key regulatory initiatives.
Key Responsibilities:
- Ensure our compliance with all regulations applicable to the UK motor insurance distribution, with the key focus on the FCA requirements (including the IDD, SMCR, Financial Crime, Credit Broking).
- Act as a trusted business partner, providing prompt, clear and pragmatic compliance advice on strategic projects, new initiatives and day-to-day business queries.
- Keep actions, evidence, records and deadlines accurate, complete and well organised, ensuring that compliance deliverables are completed to a consistently high standard.
- Coordinate and lead on the key deliverables, including regulatory returns (e.g. RMAR), Compliance Monitoring Plan, Board and committee packs, compliance policies and procedures.
- Conduct horizon scanning – monitor and assess regulatory and legislative developments and help the business turn them into concrete and timely actions.
- Build strong alliances and maintain collaborative relationships throughout the company to promote business engagement in risk and compliance matters.
- Work closely with the UK Country Manager, the Group Compliance Team, the UK DPO as well as with the senior stakeholders across the whole UK business.
Qualifications:
- Around 5 years of exposure in compliance in the UK insurance (including law firms) and/or insurance distribution market.
- In-depth working knowledge of the regulatory requirements relevant to the insurance distribution activities in the UK, in particular, the FCA requirements.
- A sharp and curious mindset, with the ability to understand complex issues quickly and identify what really matters.
- A commercially minded approach and the ability to balance regulatory requirements, customer outcomes and business objectives.
- Open-minded and keen to help the company reach its objectives.
- Strong organisational skills and a structured, disciplined approach to managing priorities, records, actions and deadlines.
- Flexibility and adaptability, with the confidence to move between different topics and respond effectively as business priorities evolve.
- Law degree is a plus.
- Experience in regulatory oversight of insurance intermediaries.
To learn more about this opportunity please email Max.housden@ipsgroup.
Analysis & Compliance Manager in London employer: IPS
As a leading service-based organisation in Castleford, our client offers an exceptional work environment that fosters collaboration and professional growth. Employees benefit from a supportive culture that values team management and development, alongside competitive remuneration and comprehensive benefits. This role as Finance Manager not only provides the chance to lead a dedicated finance team but also to engage with various departments, ensuring a dynamic and rewarding career path.
StudySmarter Expert Advice🤫
We think this is how you could land Analysis & Compliance Manager in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like IPS looking for candidates who are engaged and informed.
We think you need these skills to ace Analysis & Compliance Manager in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at IPS. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at IPS
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with IPS’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
