Head of Compliance Advisory, UK Retail, Marsh Risk in London

We are seeking a talented individual to join our Compliance Advisory team at Marsh. This role will be based in London and is a hybrid role that requires working at least three days a week in the office.

The Head of Retail Compliance is part of the Compliance Advisory department, which reports to the UK Head of Compliance Advisory, Marsh Risk. This role is a leadership role, supporting the development of the strategy and direction of Compliance Advisory to ensure an effective and consistent advice function across Marsh Ltd.

Key responsibilities include:

• Providing leadership and oversight of compliance support to the UK Corporate and Commercial and Risk Management divisions.
• Managing, coordinating and developing a team of Compliance Business Partners.
• Providing specialist compliance expertise, advice and oversight to the business.
• Overseeing and challenging proposed strategic or material operational changes in the business from a regulatory and risk perspective.
• Developing strong, open and professional relationships to identify and resolve issues, mitigating risks in a consultative approach.

There are 3 core components to the role: Compliance Advisory, Compliance Oversight, Compliance Challenge.

Management responsibilities include:

• Managing the Compliance Advisory team providing support to Marsh Ltd’s Corporate & Commercial and Risk Management businesses ensuring consistent standards of advice, support, resource, challenge and providing an escalation point for problem resolution.
• Ensuring appropriate communication between the Compliance Senior Leadership Team and Compliance Advisory Team.
• Developing the team, providing opportunities for growth and ensuring regular feedback is provided.
• Overseeing/managing the training needs of the team, ensuring appropriate technical and soft skills training in relation to their roles in Compliance.
• Involvement in recruitment and selection of staff, training and development, performance management of staff.

Advice, Oversight and Challenge responsibilities include:

• Acting as a trusted adviser to the business, building strong relationships.
• Being the ‘first port of call’ to the business when a regulatory risk or incident has been identified.
• Regularly attending business governance meetings to provide advice, challenge and oversight.
• Ensuring appropriate partnering across the business via the compliance advisory team.
• Maintaining understanding of regulatory developments, conducting gap analyses and supporting implementation of regulatory change.
• Providing training on technical compliance matters where required.

Strategic responsibilities include:

• Promoting a culture of integrity, transparency and personal responsibility.
• Working collaboratively across Compliance and the wider Legal, Compliance and Public Affairs department.
• Contributing to the wider Compliance strategy.

Regulatory responsibilities include:

• Ensuring that legal, compliance, risk and regulatory obligations are met.
• Assisting the business in preparing for regulatory visits, Compliance Monitoring reviews and Internal Audits.

What you need to have:

• University Degree level or equivalent.
• Professional qualification in risk management and/or compliance and/or legal.
• Significant experience working within a regulated environment.
• Significant experience working with a Compliance/Control function.
• Previous experience dealing with senior exec/management.
• Broad and deep understanding of regulatory rules and principles.
• Understanding of the financial services sector and insurance broking in particular.
• Ability to encourage action in a diplomatic fashion.
• A strong knowledge of corporate governance practices.
• Strong and confident communicator (verbal and written).
• Strong organisational skills and ability to work well under pressure.
• Previous experience of managing a team is highly desired.

Why join our team:

We help you be your best through professional development opportunities, interesting work and supportive leaders. We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities. Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer.