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- Tasks: Lead compliance oversight and assurance activities, ensuring adherence to regulations.
- Company: Join a major insurer in the prestigious Lloyd's Market.
- Benefits: Enjoy competitive pay, professional development, and a dynamic work environment.
- Why this job: Make a real impact on compliance while working with industry leaders.
- Qualifications: Experience in London-market insurance and people management is essential.
- Other info: This role requires an EU work permit and offers opportunities for growth.
The predicted salary is between 43200 - 72000 £ per year.
A major insurer that operates in the Lloyd's Market is currently seeking a Compliance Oversight and Assurance Manager. In this role, you will enable provision of assurance over compliance, to boards, external stakeholders and others.
On a day-to-day basis, you will:
- Deliver Compliance Oversight and Assurance activity
- Develop the annual Compliance Oversight & Assurance Monitoring Plan covering key compliance risks
- Deliver the annual Compliance Oversight and Assurance Monitoring Plan and manage resources to deliver as part of the annual and longer term Compliance Plan
- Report key findings from business transaction data on compliance controls and breaches to the Head of Compliance
- Bring an innovative approach to the collection, design and preparation of reports/MI on the performance and findings of Compliance Oversight & Assurance for committees and boards, external stakeholders and others
- Be responsible for monthly reports to the Head of Compliance and quarterly reports to the Executive Committee
- Manage special investigations/ad hoc oversight activity as required by the Head of Compliance
- Identify, report, record, analyse and escalate incidents and breaches including commentary on root cause
- Track outcomes from thematic and ad-hoc reviews to conclusion
- Manage the Compliance O&A Framework and ensure process documents are reviewed annually
- Maintain an awareness of relevant changes to the regulatory environment both UK and abroad, ensuring that the Oversight & Assurance framework reflects best practice
- Highlight training needs to the Head of Compliance and ensure targeted training is put in place where necessary
- Act as the primary point of contact for other assurance functions (Risk, Internal Audit and Internal Controls) regarding Compliance risks and controls
It is essential for this role that you have experience working for a London-market insurance business and a background in people management and development.
Compliance Oversight & Assurance Manager employer: JR United Kingdom
Contact Detail:
JR United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Oversight & Assurance Manager
✨Tip Number 1
Network with professionals in the insurance industry, especially those who have experience in compliance roles. Attend industry events or webinars to connect with potential colleagues and learn more about the specific challenges they face.
✨Tip Number 2
Familiarise yourself with the latest regulatory changes affecting the London market. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 3
Prepare to discuss your previous experience in managing compliance oversight and assurance activities. Be ready to share specific examples of how you've successfully identified and mitigated compliance risks in past roles.
✨Tip Number 4
Showcase your leadership skills by highlighting any experience you have in developing teams or training staff on compliance matters. This is crucial for a role that involves people management and development.
We think you need these skills to ace Compliance Oversight & Assurance Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of a Compliance Oversight & Assurance Manager. Familiarise yourself with compliance risks and assurance activities specific to the insurance industry.
Tailor Your CV: Customise your CV to highlight relevant experience in compliance oversight, assurance activities, and people management within the London-market insurance sector. Use specific examples that demonstrate your skills and achievements.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying and how your background aligns with the job requirements. Mention your understanding of compliance frameworks and your ability to manage resources effectively.
Highlight Relevant Skills: In your application, emphasise key skills such as analytical thinking, report preparation, and communication. Make sure to mention any experience with regulatory changes and training needs assessment, as these are crucial for the role.
How to prepare for a job interview at JR United Kingdom
✨Understand the Compliance Landscape
Familiarise yourself with the current compliance regulations and best practices in the insurance sector, particularly within the Lloyd's Market. This knowledge will demonstrate your commitment to the role and your ability to navigate the complexities of compliance oversight.
✨Showcase Your People Management Skills
Since this role involves people management and development, be prepared to discuss your leadership style and experiences. Share specific examples of how you've successfully managed teams and fostered a culture of compliance and accountability.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and ability to handle compliance breaches. Think of past experiences where you identified issues, implemented solutions, and tracked outcomes to demonstrate your analytical capabilities.
✨Highlight Your Reporting Experience
As reporting is a key part of this role, be ready to discuss your experience in preparing reports for stakeholders. Provide examples of how you've effectively communicated compliance findings and recommendations to senior management or committees.
