At a Glance
- Tasks: Lead compliance efforts and ensure adherence to laws and regulations in the insurance sector.
- Company: Join a dynamic insurance group committed to compliance and integrity.
- Benefits: Competitive salary, excellent benefits, and a hybrid working model.
- Why this job: Make a real impact by fostering a strong compliance culture across the organisation.
- Qualifications: 3-5 years in financial services compliance, preferably in insurance.
- Other info: Inclusive workplace with opportunities for professional growth.
The predicted salary is between 60000 - 85000 Β£ per year.
The Group Compliance Manager is responsible for overseeing and managing compliance for the Group, to ensure the business operates in full accordance with all applicable laws, FCA regulations and industry standards. This role will support senior management in fostering a strong compliance culture across the organisation.
Core Responsibilities
- Overseeing Compliance for the wider insurance group
- Data Protection Officer
- Advising the Boards on Compliance matters, including changes to regulations
- First line Compliance support
- Support from external Compliance consultancy where required
- Development of Annual Compliance Plan
- Scheduled Activities
- Production of Compliance packs for bi-monthly KL and TDI board meetings
- Attendance and contribution of bi-monthly SYSC meeting chaired by CEO
- Annual SMCR declarations
- Allocation of file and call audits
- Sample testing of file and call audits
- Submission of FCA regulatory returns
- IAR annual checks
- Sanctions checking oversight
- Ad Hoc Activities
- Approval of financial promotions
- Complaints handling in conjunction with approved persons with responsibility for complaints
- Compliance inductions
- SMCR updates due to staff changes
- Notification to regulators such as FCA and ICO as required
- Management of Insurer and MGA TOBAs
- Overseeing new Insurer/MGA process
- IAR approvals
- Product governance and Fair Value Assessments
Experience
- Minimum 3-5 years' experience in financial services compliance, ideally within insurance industry
- Strong working knowledge of FCA regulations, including SYSC, ICO guidelines, SMCR and Treating Customers Fairly (TCF) principles
- Proven experience in managing compliance activity, including monitoring and reporting processes
- Experienced in SMCR, complaints handling, and liaising with regulatory bodies, e.g. FCA, ICO
- Demonstrated ability to develop, implement and monitor compliance policies, procedures, and controls
- Experience in leading on compliance activity and providing guidance to business teams
- Demonstrable experience of strong analytical and problem-solving skills
Sellick Partnership is proud to be an inclusive and accessible recruitment business and we support applications from candidates of all backgrounds and circumstances.
Locations
Group Compliance Manager in England, London employer: Sellick Partnership Limited- In-House
Contact Detail:
Sellick Partnership Limited- In-House Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Group Compliance Manager in England, London
β¨Tip Number 1
Network like a pro! Reach out to your connections in the compliance and insurance sectors. Attend industry events or webinars to meet potential employers and get your name out there. Remember, itβs all about who you know!
β¨Tip Number 2
Prepare for interviews by brushing up on FCA regulations and compliance best practices. Be ready to discuss how you've handled compliance challenges in the past. Show them youβre not just knowledgeable but also passionate about fostering a strong compliance culture.
β¨Tip Number 3
Donβt underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds and shows your enthusiasm.
β¨Tip Number 4
Apply through our website for the best chance at landing that Group Compliance Manager role! We love seeing candidates who take the initiative to engage directly with us. Plus, it makes tracking your application a breeze!
We think you need these skills to ace Group Compliance Manager in England, London
Some tips for your application π«‘
Tailor Your CV: Make sure your CV is tailored to the Group Compliance Manager role. Highlight your experience in financial services compliance and any specific knowledge of FCA regulations. 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 compliance and how you can contribute to fostering a strong compliance culture at StudySmarter. Keep it engaging and relevant to the role.
Showcase Your Achievements: Donβt just list your responsibilities; showcase your achievements in previous roles. Whether it's successful compliance audits or implementing new policies, we love to see how you've made a difference in your past positions.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you donβt miss out on any important updates from us!
How to prepare for a job interview at Sellick Partnership Limited- In-House
β¨Know Your Regulations
Make sure you brush up on FCA regulations, SYSC guidelines, and SMCR principles before the interview. Being able to discuss these topics confidently will show that youβre not just familiar with compliance but that you can also advise others effectively.
β¨Showcase Your Experience
Prepare specific examples from your past roles where you've successfully managed compliance activities or handled complaints. This will help demonstrate your hands-on experience and problem-solving skills, which are crucial for the Group Compliance Manager role.
β¨Understand the Company Culture
Research the companyβs values and compliance culture. Be ready to discuss how you can contribute to fostering a strong compliance environment within the organisation. This shows that youβre not just looking for a job, but that youβre genuinely interested in being part of their team.
β¨Prepare Questions
Have a few thoughtful questions ready to ask at the end of the interview. This could be about their current compliance challenges or how they measure success in this role. It shows your interest and helps you gauge if the company is the right fit for you.