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- Tasks: Own and develop a robust Conduct Risk Framework across UK and EU insurance projects.
- Company: Dynamic 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 a growing company while ensuring regulatory compliance.
- Qualifications: Strong understanding of conduct regulations and experience in managing oversight.
- Other info: Opportunity to lead and mentor within a collaborative environment.
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.
Conduct risk specialist - Insurance in London employer: Next Employment
Contact Detail:
Next Employment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Conduct risk specialist - Insurance in London
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working in compliance and conduct risk. Use LinkedIn to connect and engage with them; you never know who might have a lead on your dream job!
✨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! In interviews, share examples of how you've successfully navigated internal and external relationships to achieve positive outcomes. This is key for the role, so make it shine!
✨Tip Number 4
Don’t forget to apply through our website! We love seeing candidates who are genuinely interested in joining us. Plus, it gives you a chance to stand out from the crowd right from the start.
We think you need these skills to ace Conduct risk specialist - Insurance 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 conduct regulatory frameworks and any relevant projects you've worked on. We want to see how your skills align with what we're looking for!
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 demonstrate your ability to manage relationships and mitigate risks.
Showcase Your Problem-Solving Skills: In your application, don’t forget to showcase your pragmatic, solution-oriented approach. Share examples of how you've tackled challenges in previous roles, especially those related to conduct risk or compliance. We love seeing candidates who can think on their feet!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at Next Employment
✨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 design and improve this framework in your new role, showcasing your proactive approach.
✨Showcase Your Relationship Management Skills
Since managing internal and external relationships is key, think of examples where you've successfully navigated complex stakeholder interactions. Highlight your ability to maintain strong relationships while challenging constructively.
✨Stay Updated on Regulatory Trends
Familiarise yourself with the latest regulatory trends and publications related to conduct risk. Being able to discuss recent developments will demonstrate your commitment to anticipatory compliance and your expertise in the field.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in conduct risk situations. Prepare specific examples from your past experiences where you identified, assessed, and mitigated conduct risks effectively.