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- Tasks: Oversee compliance for a leading insurance group and ensure adherence to regulations.
- Company: Dynamic insurance company with a strong compliance culture.
- Benefits: Competitive salary, excellent benefits, and hybrid working options.
- Why this job: Make a real impact by fostering compliance and supporting senior management.
- Qualifications: 3-5 years in financial services compliance, ideally in insurance.
- Other info: Opportunity for career growth in a supportive environment.
The predicted salary is between 60000 - 85000 £ 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
If interested in the role and want to know more, please contact David Scott.
Group Compliance Manager in City of London employer: Sellick Partnership
Contact Detail:
Sellick Partnership Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Group Compliance Manager in City of London
✨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, it’s all about who you know!
✨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 you’re not just knowledgeable but also passionate about fostering a strong compliance culture.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! We’ve got loads of resources to help you ace your job search. Plus, applying directly can sometimes give you an edge over other candidates. Let’s get you that Group Compliance Manager role!
We think you need these skills to ace Group Compliance Manager in City of London
Some tips for your application 🫡
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 background aligns 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 Experience: In your application, be sure to showcase your experience with compliance activities, especially in the insurance industry. Mention any specific projects or achievements that demonstrate your ability to manage compliance effectively.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Sellick Partnership
✨Know Your Compliance Stuff
Make sure you brush up on FCA regulations, SYSC guidelines, and the SMCR framework. Being able to discuss these topics confidently will show that you're not just familiar with compliance but that you can also apply this knowledge practically.
✨Showcase Your Experience
Prepare specific examples from your past roles where you've successfully managed compliance activities. Highlight any instances where you've developed policies or handled complaints, as these are key aspects of the role.
✨Understand the Company Culture
Research the company’s values and compliance culture. Be ready to discuss how you can contribute to fostering a strong compliance environment and how your approach aligns with their existing practices.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's compliance challenges and future plans. This shows your genuine interest in the role and helps you gauge if the company is the right fit for you.
