EXCLUSIVE: HEAD OF COMPLIANCE & MLRO – MUST HAVE WHOLESALE GENERAL INSURANCE OR LLOYDS MARKET E[...]

We are exclusively recruiting for our client, a leading global insurance powerhouse, who are looking to recruit a forward-thinking technically astute leader as their next Head of Compliance and MLRO. Leading a large motivated and talented team and reporting directly to the CRO and Board, duties will include:

• Providing strategic direction to the compliance function across the Group and contribute information, analysis and recommendations to strategic business thinking and direction.
• Developing valued and value-for-money advice and guidance to business units and management on all compliance issues.
• Establishing and continuously improving a consistent operating framework for the identification, management, monitoring and reporting of Compliance issues.
• Responding appropriately to legal and regulatory challenges by understanding current and proposed legislation; enforcing regulations; recommending new procedures; ensuring business and operations functions comply with legal requirements.
• Overseeing and advising the business with respect to international trade and economic sanctions issues.
• Discussing and determining emerging regulatory risks with the Risk Team.
• Maintaining an overview and knowledge of the local regulatory requirements in all jurisdictions in which the Group operates, ensuring that “local” compliance responsibilities are understood, allocated and accepted – and that appropriate local compliance frameworks are in place to continue to meet those requirements.
• Participating in the management of regulatory incidents arising within the business, working with the Legal team and external counsel as appropriate.
• Act as the primary point of contact on regulatory compliance matters for all relevant regulatory and supervisory bodies (including FCA, PRA & Lloyds) and maintain strong relationships through regular meetings and dialogue.
• Managing all regulatory reviews in compliance with the applicable rules and regulations and report to the Board and Committees as appropriate.
• Preparing and recommending an annual compliance plan for consideration by the Board/Committee reflecting the agreed risk appetite and provide updates of progress against that plan.
• Establish and continuously improve a consistent operating framework for Compliance.

The ideal candidate will have significant experience gained in wholesale general insurance ideally with an in-depth knowledge of the Lloyds Market. You should have detailed knowledge of the relevant FCA and PRA rules as well as an understanding of the Corporation of Lloyds rules and regulations. You should also have a good knowledge of the Central Governance requirement under S2, however as important will be your strategic compliance leadership, influencing and stakeholder management abilities.

This role is central to the ongoing success and growth of the business in a time that is increasingly challenging from a regulatory, geopolitical and technology change perspective. Offering a great opportunity to work in a very visible senior leadership role for a market leader in their industry with a fantastic reputation for staff retention and being a great employer.

NB Salary is genuinely open as our client wants the best so will not be a barrier for the better candidates.

So, if you believe you have the technical knowledge and just as importantly the senior level strategic and influencing skills to make this role your own, leading the executive team through current and future regulatory and business challenges, then please send your details to Gary Collins, at gary@symescollins.com (including email and contact no) however please note we cannot reply to all applications so only successful applications will be contacted (although under no circumstances are your details ever passed on without your specific permission).

Compliance Recruitment Solutions Limited (CRS) are acting as an employment agency in relation to this role.

The recruiter has stated that all applicants for this job should be able to prove that they are legally entitled to work in the UK. Through application, all candidates signify their acceptance of the above information and confirm that the information they provide is true and accurate to the best of their knowledge.