At a Glance
- Tasks: Manage compliance for Appointed Representatives and enhance customer journeys.
- Company: Join PoloWorks, a pioneering insurance company focused on compliance and innovation.
- Benefits: Competitive salary, career development, and a supportive work culture.
- Other info: Dynamic team culture that values diversity and continuous growth.
- Why this job: Make a real impact in the insurance sector while fostering a collaborative environment.
- Qualifications: 3-5 years of compliance experience in insurance and strong understanding of FCA rules.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Reporting to the Head of Compliance, the AR Compliance Manager will play a crucial role in the success of the 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.
Department: Risk & Compliance
Location: Cheltenham
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.
- Provide 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
- Extensive experience of compliance 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.
Details
- Seniority level: Mid-Senior level
- Employment type: Full-time
- Job function: Legal
- Industries: Insurance
AR Compliance Manager employer: PoloWorks
PoloWorks is an exceptional employer that prioritises a collaborative and inclusive work culture, fostering continuous growth and development for its employees. Located in the vibrant city of London, the company offers a supportive environment where team members are encouraged to excel and innovate, with ample opportunities for career advancement and professional training. With a strong emphasis on well-being and recognition of achievements, PoloWorks stands out as a rewarding place to build a meaningful career in compliance within the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land AR Compliance Manager
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at PoloWorks. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for interviews by knowing your stuff! Research PoloWorks, their values, and recent news. Show us you’re not just another candidate but someone who genuinely cares about the company and its mission.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or family. Get comfortable talking about your experience and how it relates to the AR Compliance Manager role. Confidence is key!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace AR Compliance Manager
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the AR Compliance Manager role. Highlight your relevant experience in compliance, especially within insurance, and show how you align with our values at StudySmarter.
Showcase Your Skills:Don’t just list your skills; demonstrate them! Use specific examples from your past roles that showcase your understanding of FCA rules and your ability to manage compliance effectively. We love seeing real-world applications!
Be Clear and Concise:Keep your application straightforward and to the point. Use clear language and avoid jargon where possible. We appreciate a well-structured application that makes it easy for us to see your qualifications.
Apply Through Our Website:We encourage you to apply directly 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!
How to prepare for a job interview at PoloWorks
✨Know Your Compliance Stuff
Make sure you brush up on FCA rules and regulations, especially PRIN, ICOBS, SYSC, and SUP. Being able to discuss these confidently will show that you’re not just familiar with the compliance landscape but also ready to tackle the challenges of the AR Compliance Manager role.
✨Showcase Your Leadership Skills
Since this role involves team leadership, be prepared to share examples of how you've motivated teams in the past. Think about specific situations where you set clear expectations or provided constructive feedback, as this will demonstrate your ability to lead and develop a high-performing team.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific compliance scenarios or challenges. Practise articulating your thought process and decision-making skills, especially in relation to managing risks and ensuring regulatory adherence. This will help you stand out as a proactive problem-solver.
✨Emphasise Collaboration and Communication
This role requires working closely with various stakeholders, so be ready to discuss your experience in fostering collaboration. Share examples of how you've bridged communication gaps or resolved conflicts in previous roles, highlighting your interpersonal skills and ability to work effectively in a team.
