At a Glance
- Tasks: Lead compliance oversight and ensure adherence to regulations in a dynamic broking environment.
- Company: Join a leading firm with a strong commitment to compliance and ethical standards.
- Benefits: Hybrid working model, competitive salary, and opportunities for professional growth.
- Other info: Collaborative culture with opportunities to engage with regulators and industry leaders.
- Why this job: Make a real impact by shaping compliance strategies and working with top executives.
- Qualifications: Extensive compliance experience in the UK insurance sector and strong communication skills.
The predicted salary is between 40500 - 49500 £ per year.
All potential candidates should read through the following details of this job with care before making an application.
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.
Head of Compliance SMF16 employer: Pave Talent Partners
Join a forward-thinking company that values innovation and collaboration, offering a remote-first work environment that empowers you to shape the future of data. With a strong focus on employee growth, you'll have the chance to mentor others while working on exciting projects like the migration to Microsoft Fabric. Enjoy a supportive culture that encourages continuous improvement and provides ample opportunities for professional development.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Compliance SMF16
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Pave Talent Partners looking for candidates who are engaged and informed.
We think you need these skills to ace Head of Compliance SMF16
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Pave Talent Partners. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Pave Talent Partners
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Pave Talent Partners’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
