Head of Advice & Guidance Job in London

Job Purpose: To provide efficient and effective support to the Chief Risk Officer and the wider Risk & Compliance team. To lead the Advice & Guidance Team and to assist in the implementation of an effective Compliance systems and controls regime for the UK regulated entities for our client.

Key Responsibilities

• Lead the team providing advice and guidance on all matters relating to compliance ensuring records of all advice and guidance given are maintained.
• Provide day to day advice and guidance on all aspects of regulation including the FCA Handbook including SYSC and ICOBS as well as Lloyd’s market standards.
• Researching, advising and responding to Business Division compliance and regulation related queries.
• Liaising with the Business Support Unit as needed in relation to Counterparty relationship matters and Compliance issues generally.
• Monitoring developments in international sanctions and trade licence requirements, analysing such developments and assessing the impact of them on the activities of the UK regulated entities of our client.
• Formulating recommendations to address changes in the international sanctions and trade licence arena, agreeing appropriate reaction to those changes with the Chief Risk Officer and communicating resultant updated information and/or amended business practices to Business Divisions affected.
• Investigation of potential due diligence screening matches referred by Risk & Compliance colleagues, Business Support Unit or Business Division personnel, assessing likely impact to trading activities and risk appetite of UK regulated entities of our client and providing appropriate advice/decision on proposed trading relationship.
• Review and sign off financial promotions and other marketing material, including branded on-line facilities and maintaining a register of all approvals.
• Reviewing, negotiating, and agreeing TOBAs with Market Counterparties and other contractual trading arrangements or agreements with external parties, including Non-Disclosure Agreements.
• Managing Broker of Record transfer agreements, liaising with Business Divisions as appropriate.
• Develop and maintain a suite of relevant Compliance management information for onward reporting to our client's governance committees and the Boards.
• Work with HR and R&C to ensure that all elements of the Senior Manager & Certification Regime framework are delivered, including F&P; Self-Assessment; Conflicts of Interest etc.
• Responsible for the FCA portals and ensuring that the mandatory returns are put in on time and responsible for progressing the FCA applications for Certified and Senior Managers.
• Escalating issues of concern affecting Risk & Compliance and/or AGRG's UK regulated entities to Compliance Officer or Chief Risk Officer as necessary and assisting in the investigation/resolution of such issues.
• Delivering Compliance, regulatory and best business practice related awareness training to our clients UK regulated entities as required.
• Deputising for the Chief Risk Officer as and when the need arises.
• Effectively manage direct line report staff and assist Chief Risk Officer in general day-to-day management of the Risk & Compliance team.

Personal Attributes Skills and Knowledge:

• Good working knowledge of UK regulatory requirements together with awareness of developing regulatory themes and issues.
• Able to effectively manage workload and competing priorities, acting with limited or no supervision.
• Strong attention to detail and high level of accuracy.
• Good communication and interpersonal skills.
• Detailed knowledge of our clients UK regulated businesses and the Business Divisions within them.
• Excellent administrative and organisational skills.
• Ability to independently research issues and assess findings of that research.
• Ability to develop strong knowledge and awareness of our clients computer systems and programs, including Global XB, Word, Excel, Outlook and PowerPoint.
• Strong team player and able to motivate/encourage other team members.
• Broad awareness of the insurance industry (7+ years’ experience).
• General understanding of international regulation and the need to assess its impact on our clients business operations.

Key Competencies

Business Competencies:

• Company and Market Knowledge Level 3
• Understanding the Customer Level 2
• Communicating and Influencing Skills Level 3
• Management of Information Level 3
• Planning and Organising Level 3
• Negotiation and Persuasion Skills Level 3
• Analysis and Decision-Making Level 2

Management Competencies:

• Leadership Level 2
• Managing and Improving Performance Level 2
• Individual and Team Development Level 2
• Strategy and Corporate Focus Level 1

Technical Competencies:

• Compliance and financial crime Knowledge Level 3

Salary & Benefits: Competitive