At a Glance
- Tasks: Manage regulatory risk and provide expert compliance advice across the UK and Europe.
- Company: Join Lockton, a leading insurance broker with a collaborative compliance team.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Supportive team culture with opportunities to develop your skills and expertise.
- Why this job: Make a real impact by enhancing compliance oversight in a dynamic environment.
- Qualifications: Significant regulatory experience and strong knowledge of UK insurance regulation required.
The predicted salary is between 40500 - 49500 £ per year.
- Vacancy details
- Lockton - Experienced Professional
- Job Profile
- Senior Compliance Manager
- Description
An exciting opportunity has arisen for an experienced compliance professional to join the Lockton Compliance Team in the UK.
This role supports Lockton and the Compliance Team to deliver compliance advisory services in the UK and Internationally.
This role plays a key part in managing regulatory risk, and supporting the business across the UK and Europe but also shares best practice Internationally.
- Enhancing compliance oversight by providing expert, commercially astute, regulatory advice across the full range of the FCA Handbook and relevant financial services regulation to a large and growing insurance broker business
- Interacting with business colleagues through a business partner compliance model to identify and work in a collaborative and pro-active manner to find solutions to a range of matters to support business growth whilst managing regulatory risk.
- Building strong relationships with key stakeholders in both the first and third lines.
- Challenging existing processes to support the drive for continuous improvement.
- Supporting the identification of regulatory developments; responding to discussion and consultation papers; and leading or supporting implementation of new regulatory requirements.
- Interpreting regulatory requirements across a broad range of topics such as licensing; client money; SM&CR; permitter guidance; Conduct and IARs/ARs into business processes and controls.
- Maintaining an up-to-date knowledge of regulatory developments affecting insurance intermediaries.
- Supporting Compliance monitoring.
- Preparation of governance committee and management reports and papers and representing Compliance at relevant meetings.
- Develop, review, and update internal compliance policies and procedures.
- Identify, create and deliver Compliance training. Act as a key point of contact for compliance-related queries.
- Supporting the development of members of the Compliance Team.
- Candidate Profile
You should have the following experience
- Significant regulatory experience in a compliance role
- Strong knowledge of UK insurance regulation and FCA Handbook
- Experience working in a compliance role within an insurance firm, broker or MGA
- Understanding of risk management frameworks and internal controls
- Excellent analytical, communication, and stakeholder management skills
- Ability to interpret complex regulations and apply them pragmatically
- Educated to Degree level or equivalent experience in a relevant field
- Professional qualifications such as Diploma in Insurance from the Chartered Insurance Institute (CII), ICA or other compliance-related certifications are desirable.
Senior Compliance Manager employer: Lockton, Inc.
Lockton is an exceptional employer that prioritises employee growth and a collaborative work culture, making it an ideal place for an Operational Governance Manager. With a focus on nurturing talent and providing opportunities for professional development, employees are encouraged to thrive in a supportive environment that values compliance and governance excellence. Located in a dynamic sector, Lockton offers unique advantages such as involvement in community initiatives and a commitment to high standards, ensuring that every team member feels valued and empowered.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Compliance Manager
✨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 Lockton, Inc. looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Compliance Manager
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 Lockton, Inc.. 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 Lockton, Inc.
✨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 Lockton, Inc.’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
