Head of Compliance SMF16 in Worcester

Head of Compliance
Hybrid working - 3x days in office per week, 2x days home working
Role Overview
Take ownership of local compliance oversight, management information, reporting and remediation. Develop and maintain control arrangements that prevent, identify and address breaches of internal standards or regulatory requirements, regularly testing their effectiveness and driving continuous improvement. Key Responsibilities
Lead and coordinate compliance across the organisation's broking operations and related business entities.
Contribute to group-level compliance frameworks, policies and standards, translating them into practical procedures for local teams.
Partner with business leaders to ensure day-to-day activities are conducted in line with relevant legislation, regulation and internal requirements.
Provide advice, guidance and hands-on compliance support across the full range of business activities.
Oversee quality assurance arrangements across the broking businesses and ensure findings are appropriately addressed.
Serve as the principal compliance contact for the Financial Conduct Authority (FCA) in relation to the broking operations.
Undertake the SMF16 Compliance Oversight function with the FCA, where applicable.
Chair the broking Risk Committee and present clear analysis, updates and recommendations to the Group Executive team.
Prepare risk and compliance updates for the UK executive committee and quarterly Board meetings.
Monitor regulatory changes, industry initiatives and market practice, assessing their implications for the business.
Support the Compliance Analyst with insurer Terms of Business Agreements (TOBAs), Target Market Statements and Fair Value Assessments.
Coordinate responses to Fair Value Assessment information requests from insurers and underwriters.
Produce timely compliance reports and management information, highlighting emerging issues, control gaps and opportunities to strengthen processes.
Maintain open and cooperative relationships with the FCA, the Prudential Regulation Authority (PRA) and other relevant regulators.
Experience and Requirements
Substantial experience across compliance within the UK general insurance sector.
Experience working in partnership with executive-level stakeholders.
Strong interpersonal, communication and relationship-management skills, with the ability to engage effectively at all levels of an organisation.
Up-to-date and actively maintained understanding of the regulatory landscape.
Practical working knowledge of the FCA Handbook.
Previous experience holding the SMF16 function is desirable.
If this role looks to be of interest and you fit the following criteria, please apply online for consideration.
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