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- Tasks: Manage compliance for Appointed Representatives and ensure regulatory standards are met.
- Company: Join a leading firm in the insurance sector, focused on innovation and customer satisfaction.
- Benefits: Enjoy a permanent role with opportunities for professional growth and a supportive work environment.
- Why this job: Be part of a dynamic team that enhances customer journeys while ensuring compliance and making an impact.
- Qualifications: 3-5 years of compliance experience in insurance and strong knowledge of FCA rules required.
- Other info: This role is based in Cheltenham and reports directly to the Head of Compliance.
The predicted salary is between 48000 - 72000 £ per year.
AR Compliance Manager
Department: Risk & Compliance
Employment Type: Permanent
Location: Cheltenham
Reporting To: Head of Compliance
Description
Reporting to the Head of Compliance, the AR Compliance Manager will play a crucial role in the success of Polo MGA sector within the PCIS platform business. This role will primarily focus on managing the transition and oversight of the network of Appointed Representatives (ARs), ensuring ongoing regulatory compliance for this segment of the organisation. The successful candidate will be responsible for developing, implementing, and maintaining relevant regulatory and operational risk frameworks, as well as leading initiatives to enhance the customer journey while ensuring regulatory standards for this part of the business.
Key Responsibilities
Complete applications for regulatory permissions, including becoming an Appointed Representative, and providing support throughout the entire authorisation process.
Create and facilitate the onboarding and transition process for appointed representatives, including obtaining FCA authorisation.
Oversee ARs, conduct due diligence, review policies, and ensure ongoing regulatory adherence.
Manage the transition of appointed representatives, ensuring they meet compliance standards.
Support the compliance team with acquired businesses and day-to-day tasks.
Review financial promotions and AR customer journeys for compliance with ICOBS.
Collaborate with internal and external stakeholders (e.g. FCA, BIBA, MGAA), as required.
Ensure compliance with all relevant regulatory reporting requirements
Provision regular reporting to senior management and the PCIS Appointed Representative Committee
Ensure company policies are in line with regulatory requirements.
Develop and maintain appropriate regulatory and operational risk framework, including policies, procedures, and controls.
Conduct risk assessments and implement measures to mitigate identified risks.
Skills, Knowledge & Expertise
3-5 years of compliance experience within insurance, inclusive of the Lloyd\’s and London markets.
Strong understanding of FCA rules (PRIN, ICOBS, SYSC, SUP) and AR models.
Experience in reviewing financial promotions and compliance monitoring.
Strong understanding of regulatory requirements and compliance standards.
Excellent analytical and problem-solving skills.
Strong communication and interpersonal skills.
Ability to manage multiple tasks and prioritise effectively. #J-18808-Ljbffr
AR Compliance Manager employer: PoloWorks
Contact Detail:
PoloWorks Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land AR Compliance Manager
✨Tip Number 1
Familiarise yourself with the FCA rules and regulations, especially PRIN, ICOBS, SYSC, and SUP. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to compliance in the insurance sector.
✨Tip Number 2
Network with professionals in the compliance and insurance fields, particularly those who have experience with Appointed Representatives. Engaging with industry experts can provide valuable insights and may even lead to referrals for the position.
✨Tip Number 3
Stay updated on the latest trends and changes in regulatory compliance within the insurance industry. This knowledge will not only prepare you for potential interview questions but also show that you are proactive and dedicated to your professional development.
✨Tip Number 4
Prepare to discuss specific examples of how you've managed compliance processes or improved customer journeys in previous roles. Being able to articulate your hands-on experience will set you apart from other candidates.
We think you need these skills to ace AR Compliance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant compliance experience, particularly within the insurance sector. Emphasise your understanding of FCA rules and any specific achievements related to regulatory compliance.
Craft a Strong Cover Letter: In your cover letter, clearly express your interest in the AR Compliance Manager role. Discuss your experience with Appointed Representatives and how you can contribute to enhancing the customer journey while ensuring compliance.
Showcase Relevant Skills: Highlight your analytical and problem-solving skills in your application. Provide examples of how you've successfully managed compliance tasks or projects in the past, especially those involving regulatory frameworks.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A well-presented application reflects your attention to detail, which is crucial in compliance roles.
How to prepare for a job interview at PoloWorks
✨Know Your Regulations
Familiarise yourself with FCA rules, especially PRIN, ICOBS, SYSC, and SUP. Be prepared to discuss how these regulations impact the role of an AR Compliance Manager and provide examples of how you've applied this knowledge in previous positions.
✨Demonstrate Your Experience
Highlight your 3-5 years of compliance experience within the insurance sector. Share specific instances where you successfully managed compliance processes or improved regulatory adherence, particularly in relation to Appointed Representatives.
✨Showcase Your Analytical Skills
Prepare to discuss your analytical and problem-solving skills. You might be asked to analyse a hypothetical compliance scenario, so think about how you would approach risk assessments and mitigation strategies.
✨Engage with Stakeholders
Since collaboration with internal and external stakeholders is key, be ready to talk about your communication style. Provide examples of how you've effectively worked with teams or regulatory bodies like the FCA, BIBA, or MGAA to achieve compliance goals.
