At a Glance
- Tasks: Lead compliance efforts and ensure adherence to regulations in a dynamic insurance environment.
- Company: Join a forward-thinking insurance group committed to compliance excellence.
- 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, ideally within insurance.
- Other info: Inclusive workplace with opportunities for professional growth and development.
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
- 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
- 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.
Group Compliance Manager in 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 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 researching the companyβs compliance culture. Familiarise yourself with their recent regulatory challenges and think about how your experience can help them navigate these issues. Show them youβre not just a fit for the role, but for their team!
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 on their radar and shows your enthusiasm.
β¨Tip Number 4
Apply through our website for the best chance at landing that Group Compliance Manager role! We make it easy for you to showcase your skills and experience directly to the hiring team. Letβs get you that dream job!
We think you need these skills to ace Group Compliance Manager in 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 match 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 job description.
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 Compliance Stuff
Make sure you brush up on FCA regulations, SYSC guidelines, and the SMCR principles. Being able to discuss these in detail will show that you're not just familiar with compliance but that you can also apply this knowledge practically.
β¨Prepare Real-Life Examples
Think of specific instances where you've successfully managed compliance activities or handled complaints. Use the STAR method (Situation, Task, Action, Result) to structure your answers, as this will help you convey your experience clearly and effectively.
β¨Show Your Analytical Skills
Be ready to demonstrate your analytical and problem-solving skills. You might be asked how you would approach a compliance issue or how you've resolved past challenges, so have some scenarios in mind that highlight your critical thinking.
β¨Engage with Questions
Prepare thoughtful questions about the company's compliance culture and how they handle regulatory changes. This shows your genuine interest in the role and helps you assess if the company aligns with your values and expectations.