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- Tasks: Own and develop a robust Conduct Risk Framework across UK and EU.
- Company: Join a growing project insurer with a focus on compliance and conduct risk.
- Benefits: Competitive salary, professional development, and the chance to shape your role.
- Why this job: Make a real impact in compliance while working with diverse teams and stakeholders.
- Qualifications: Strong understanding of conduct regulations and experience in managing oversight.
- Other info: Dynamic environment with opportunities for career growth and mentorship.
The predicted salary is between 60000 - 75000 £ per year.
Conduct Risk Specialist – Growing UK and Europe project insurer. This is a new role that you can own and develop to make your own. Working within Compliance, you will be responsible for establishing and embedding a robust Conduct Risk Framework across the UK and EU. You will work closely with Underwriting, Claims, Due Diligence, Operations, and Delegated Authority Audit to identify, assess, mitigate, and monitor conduct risks arising from the business and operating model. As this is a project-based insurer, you will also work with a number of MGAs and TPAs, so your ability to manage internal and external relationships to a positive outcome is paramount. You will play a critical part in ensuring that the business meets conduct-related regulatory expectations where business is conducted.
KEY RESPONSIBILITIES
- Act as a key point of contact with the FCA on conduct-related matters, including supervision, thematic reviews, and information requests.
- Own, design and continuously improve the Conduct Risk Framework for the UK and Europe Business.
- Develop and deliver solutions that support the business in mitigating conduct risks and resolving related issues in a timely manner.
- Coordinate conduct cross-functional feedback cycles throughout the product lifecycle and escalate critical conduct insights to support business decisions.
- Partner with Delegated Audit as a subject matter expert to ensure MGA adherence to conduct standards and regulatory requirements.
- Ensure accurate and timely conduct-related information for regulatory submissions, board reporting, and risk assessments.
- Execute thematic reviews and business risk assessment of emerging conduct risks.
- Engage proactively with relevant stakeholders to address and escalate findings.
- Organise conduct training and provide mentorship for internal partners to embed competence in conduct regulatory matters.
- Act as a reference point on conduct matters to business leadership.
- Provide expert challenge to business decisions where customer harm or regulatory breach risks are present.
- Maintain awareness of regulatory trends, publications, and enforcement actions to ensure anticipatory compliance.
- Lead horizon scanning for emerging conduct risks across the insurance value chain.
- Lead on ensuring robust governance on POG arrangements and provide leadership support to the POG Chair, ensuring compliance oversight and governance procedures are effectively applied.
- Oversee the Complaints Function for the UK and Europe, ensuring compliance with regulatory standards.
YOU WILL NEED:
- Comprehensive understanding of UK and Europe conduct regulatory frameworks pertaining to insurance.
- Pragmatic, solution-oriented approach.
- Ability to challenge constructively while maintaining strong relationships.
- Strong working knowledge of Consumer Duty, FSCS, IDD, Conduct Rule Book, and POG frameworks.
- Knowledge of EUR regulations and insight into MFSA practices.
- Experience of leading a Complaints Function.
- Proven track record in managing Conduct oversight and regulatory relationships.
Compliance Conduct risk in London employer: Next Employment Ltd
Contact Detail:
Next Employment Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Conduct risk in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working in compliance or conduct risk. Attend relevant events or webinars to make connections and learn more about the field.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UK and EU conduct regulatory frameworks. Be ready to discuss how you can design and improve a Conduct Risk Framework, as this will show you're serious about making an impact.
✨Tip Number 3
Showcase your relationship management skills! Be prepared to share examples of how you've successfully navigated internal and external relationships in past roles. This is key for ensuring positive outcomes in compliance.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Compliance Conduct risk in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Conduct Risk Specialist role. Highlight your experience with compliance frameworks and any relevant regulatory knowledge. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about conduct risk and how you can contribute to our team. Be sure to mention specific experiences that relate to the responsibilities outlined in the job description.
Showcase Your Relationship Management Skills: Since managing internal and external relationships is key, make sure to include examples of how you've successfully navigated complex stakeholder interactions in the past. We love seeing candidates who can build positive outcomes!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Next Employment Ltd
✨Know Your Conduct Risk Framework
Make sure you have a solid understanding of the Conduct Risk Framework, especially as it pertains to the UK and Europe. Be prepared to discuss how you would own and develop this framework in your new role, and think about specific examples from your past experience that demonstrate your ability to design and improve such frameworks.
✨Showcase Your Relationship Management Skills
Since managing internal and external relationships is key, come armed with examples of how you've successfully navigated complex stakeholder environments. Think about times when you’ve had to engage with regulators or other partners, and be ready to explain how you achieved positive outcomes.
✨Stay Updated on Regulatory Trends
Demonstrate your awareness of current regulatory trends and enforcement actions in the insurance sector. You might want to mention recent publications or changes in regulations that could impact conduct risk, showing that you’re proactive and informed.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions where you’ll need to demonstrate your problem-solving skills. Think through potential conduct risks that could arise in various situations and how you would address them. This will show your pragmatic, solution-oriented approach and your ability to challenge constructively.