At a Glance
- Tasks: Lead compliance efforts in a dynamic insurance environment, ensuring regulatory standards are met.
- Company: Join a reputable insurance provider known for high-quality property and casualty coverage.
- Benefits: Enjoy competitive pay, bonuses, flexible working, and a comprehensive benefits package.
- Why this job: Be part of a supportive culture focused on regulatory excellence and career growth.
- Qualifications: 5+ years in insurance compliance; strong understanding of FCA, GDPR, and Solvency II required.
- Other info: This is a full-time, mid-senior level role with opportunities for professional development.
The predicted salary is between 43200 - 72000 £ per year.
Our client is a well-established insurance provider specializing in property and casualty coverage. With a strong reputation for delivering high-quality insurance solutions, the company is committed to upholding the highest regulatory standards. As they continue to strengthen their compliance function, they are looking for a Compliance Manager with essential insurance sector experience to ensure full adherence to industry regulations and best practices.
The Role
The Compliance Manager will play a pivotal role in maintaining and enhancing the company’s compliance framework, ensuring that regulatory obligations are met across all operations. This individual will work closely with key stakeholders to monitor risks, implement policies, and provide expert guidance on compliance matters.
Key Responsibilities
- Develop, implement, and maintain compliance policies and procedures in line with regulatory requirements.
- Monitor and assess regulatory developments, advising senior management on potential impacts.
- Conduct internal audits, compliance reviews, and risk assessments to identify and mitigate risks.
- Ensure compliance with FCA regulations, GDPR, Solvency II, IFRS 17, and other relevant insurance regulations.
- Provide compliance training and guidance to employees across various departments.
- Collaborate with claims, underwriting, and legal teams to embed compliance within operations.
- Act as the key point of contact for regulatory bodies and external auditors.
Key Requirements
- Insurance sector (personal lines) experience is essential – Candidates must have a strong background in compliance within the insurance industry.
- Minimum 5+ years in compliance roles within the insurance or financial services sector.
- Strong understanding of regulatory frameworks, including FCA, GDPR, Solvency II, and IFRS 17.
- Excellent analytical, problem-solving, and communication skills with the ability to engage stakeholders at all levels.
- Professional compliance qualifications (e.g., ICA, CRCM, or equivalent) are highly desirable.
- Ability to navigate complex regulatory environments and proactively address risks.
What’s on Offer
- Competitive salary with performance-based bonuses.
- Career development opportunities in a growing and dynamic insurance business.
- Comprehensive benefits package, including pension, private healthcare, and flexible working options.
- A supportive and inclusive work culture focused on regulatory excellence.
Compliance Manager (Insurance) employer: JCW
Contact Detail:
JCW Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Manager (Insurance)
✨Tip Number 1
Network with professionals in the insurance sector, especially those who have experience in compliance roles. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in compliance.
✨Tip Number 2
Familiarise yourself with the specific regulatory frameworks mentioned in the job description, such as FCA, GDPR, Solvency II, and IFRS 17. Being able to discuss these regulations confidently during interviews will demonstrate your expertise and commitment to compliance.
✨Tip Number 3
Prepare to showcase your experience in conducting internal audits and compliance reviews. Think of specific examples where you identified risks and implemented solutions, as this will highlight your problem-solving skills and proactive approach.
✨Tip Number 4
Research the company’s current compliance policies and any recent news related to their operations. This knowledge will allow you to engage in meaningful discussions during interviews and show that you are genuinely interested in contributing to their compliance framework.
We think you need these skills to ace Compliance Manager (Insurance)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in the insurance sector, particularly in compliance roles. Emphasise your understanding of regulatory frameworks like FCA, GDPR, and Solvency II, as these are crucial for the Compliance Manager position.
Craft a Strong Cover Letter: In your cover letter, explain why you are passionate about compliance in the insurance industry. Mention specific examples of how you've developed and implemented compliance policies in previous roles, showcasing your analytical and problem-solving skills.
Highlight Relevant Qualifications: If you have professional compliance qualifications such as ICA or CRCM, make sure to mention them prominently in your application. This will demonstrate your commitment to the field and enhance your credibility.
Showcase Stakeholder Engagement: Provide examples of how you've successfully engaged with stakeholders at all levels in your previous roles. This is important for the Compliance Manager role, as collaboration with various departments is key to ensuring compliance across operations.
How to prepare for a job interview at JCW
✨Know Your Regulations
Familiarise yourself with key regulations such as FCA, GDPR, Solvency II, and IFRS 17. Be prepared to discuss how these regulations impact the insurance sector and how you have navigated them in your previous roles.
✨Showcase Your Experience
Highlight your 5+ years of compliance experience within the insurance industry. Use specific examples to demonstrate how you've developed and implemented compliance policies or conducted audits that led to improved regulatory adherence.
✨Engage Stakeholders
Prepare to discuss how you have effectively communicated compliance matters to various stakeholders. Share examples of how you’ve collaborated with teams like claims and underwriting to embed compliance into their operations.
✨Ask Insightful Questions
Demonstrate your interest in the role by asking thoughtful questions about the company's compliance framework and future regulatory challenges. This shows that you are proactive and genuinely interested in contributing to their compliance function.