At a Glance
- Tasks: Lead compliance and insurance strategies, manage risks, and ensure regulatory adherence.
- Company: Join a dynamic Dudley-based business focused on insurance excellence.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Why this job: Make a real impact in the insurance sector while developing your career in compliance.
- Qualifications: 10+ years in compliance and insurance, CII certification preferred, strong FCA knowledge required.
- Other info: Ideal for detail-oriented team players ready to tackle industry challenges.
The predicted salary is between 64000 - 96000 £ per year.
SF Recruitment are working with a business based in Dudley who is looking for a Head of Insurance / Compliance to join the team. c£80,000 + Depending on experience (Happy to talk through salary individually).
Must have extensive experience within insurance.
Duties Include:
- Analysing, identifying and classifying risks and exposures.
- Implementing and updating policy and procedure to measure and manage exposure risks and take mitigating actions.
- Compiles loss trends.
- Responsible for the adherence to regulatory and ethical standards.
- Providing compliance advice to business stakeholders and escalating material compliance issues.
- Managing regulatory requirements stemming from the FCA regulations and requirements, overseeing the compliance monitoring plan, and providing advice and management of FCA compliance plans, among other duties.
- Investigate and escalate significant compliance failures and manage regulatory reporting.
- Produce management reports for senior managers.
- Conduct and oversee regular audits.
- Providing internal and external compliance training.
- Continuously evaluate and optimise the warranty claims process to improve efficiency and customer experience.
- Develop and implement new warranty management systems and tools.
- Streamline communication channels between customer service, Clients, and the warranty department.
Experience and Skills Required:
- A relevant professional qualification preferably CII certified or proven knowledge of insurance sufficient to be able to fulfil the above responsibilities.
- Detailed knowledge of insurance industry best practice and compliance standards including Bordereaux.
- Significant FCA knowledge and experience.
- Minimum of 10 years compliance and insurance experience.
- Previous experience in a compliance management role within the insurance industry.
- Experience of working within underwriting, pricing or exposure management.
- In depth knowledge of the insurance industry, including regulatory frameworks.
- Highly organised and able to work independently.
- Strong attention to detail.
- Team player and ability to manage key relationships.
- Good verbal and written communication skills.
Head of Insurance / Compliance employer: SF Recruitment Ltd
Contact Detail:
SF Recruitment Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Insurance / Compliance
✨Tip Number 1
Network with professionals in the insurance and compliance sectors. Attend industry events, webinars, or local meetups to connect with potential colleagues or mentors who can provide insights into the role and company culture.
✨Tip Number 2
Stay updated on the latest FCA regulations and compliance trends. Subscribe to relevant newsletters or follow industry leaders on social media to demonstrate your knowledge during interviews and discussions.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed compliance issues or improved processes in previous roles. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
✨Tip Number 4
Research the company thoroughly, including its values, mission, and recent news. Tailor your conversations to show how your experience aligns with their goals and how you can contribute to their success.
We think you need these skills to ace Head of Insurance / Compliance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience within the insurance sector. Focus on relevant roles and responsibilities that align with the job description, particularly in compliance management and FCA regulations.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the key duties mentioned in the job description. Emphasise your ability to analyse risks, implement policies, and provide compliance advice, showcasing your understanding of the insurance industry.
Highlight Relevant Qualifications: Clearly state any professional qualifications you hold, such as CII certification. Mention your knowledge of insurance best practices and compliance standards, as these are crucial for the role.
Showcase Your Communication Skills: In both your CV and cover letter, demonstrate your strong verbal and written communication skills. Provide examples of how you've effectively communicated compliance issues or training in previous roles.
How to prepare for a job interview at SF Recruitment Ltd
✨Showcase Your Insurance Expertise
Make sure to highlight your extensive experience in the insurance sector. Be prepared to discuss specific examples of how you've analysed risks, implemented policies, and managed compliance issues in previous roles.
✨Demonstrate Regulatory Knowledge
Familiarise yourself with FCA regulations and be ready to discuss how you've navigated these in past positions. This will show that you understand the regulatory landscape and can effectively manage compliance.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to solve hypothetical compliance issues or risk management scenarios. Practising your responses will help you articulate your thought process and decision-making skills during the interview.
✨Emphasise Communication Skills
As a Head of Insurance/Compliance, you'll need to communicate effectively with various stakeholders. Prepare examples that demonstrate your ability to convey complex information clearly and build strong relationships within teams.