At a Glance
- Tasks: Lead compliance monitoring activities and ensure adherence to regulatory requirements.
- Company: Join a leading global underwriter with a focus on innovation and excellence.
- Benefits: Competitive salary, diverse workplace, and opportunities for professional growth.
- Other info: Embrace diversity and inclusion in a supportive and ambitious team.
- Why this job: Make a real impact in a dynamic environment while shaping compliance standards.
- Qualifications: Experience in compliance monitoring within the insurance industry and strong analytical skills.
The predicted salary is between 40500 - 49500 £ per year.
The Fidelis Partnership is a leading privately-owned, Bermuda-based Managing General Underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products.
The Fidelis Partnership is one of the largest Managing General Underwriters globally and its operations also include outwards reinsurance, claims handling, exposure management and portfolio analytics.
The Fidelis Partnership also sponsors and incubates specialist MGAs through its Pine Walk platform.
The Fidelis Partnership is separately owned and managed from the ownership and management of Fidelis Insurance Group.
Across product lines and geographies, we focus on three diversified pillars: reinsurance, specialty and bespoke solutions.
We are truly diversified.
Our long-standing partnerships with capital providers and quota share partners make us nimble.
Our breadth of expertise and capabilities deliver outstanding market returns.
The role
The Fidelis Partnership (TFP) is a prominent managing general underwriter (MGU) in the London Market.
Our underwriting comprises of three pillars, Bespoke, Specialty, and Reinsurance, with Bespoke and Specialty making up he majority of the premium.
As well as our in-house underwriting teams, we operate an MGA incubation platform called Pine Walk, which provides turn key solutions for new underwriter-led MGA’s.
An opportunity has risen for a Senior Compliance Monitoring Manager to join the group at an exciting time, following The Fidelis Partnership’s (TFP’s) significant growth since Jan 2023, as well as TFP establishing as a Lloyd’s of London coverholder, with the TFP Syndicates 2126 and 3123 being managed for us by Asta.
The successful candidate will have practical experience of working in compliance for an insurer or intermediary in the London Market, leading a variety of compliance monitoring activities.
The successful candidate will work under their own initiative to take the lead on compliance monitoring, and will have autonomy to engage, and make decisions, with key stakeholders.
- Key accountabilities
- Lead and manage the compliance monitoring activity for the Compliance team to ensure effective execution of monitoring activities.
- Conduct thematic reviews to identify and assess compliance risks across various business areas.
- Perform fact finds and desk-based monitoring to evaluate adherence to regulatory requirements and internal policies.
- Present findings and recommendations to senior management and relevant stakeholders.
- Track and monitor the implementation of corrective actions to ensure timely closure.
- Develop and maintain compliance monitoring plans and schedules.
- Stay updated on regulatory changes and industry best practices to enhance the compliance monitoring framework.
- Provide training and guidance to staff on compliance monitoring processes and requirements.
- Take ownership of compliance monitoring reports to the Management Committee, and Boards.
Skills & experience
- Experience in compliance monitoring within the insurance industry, preferably in the London market.
- Detailed understanding of the FCA rulebooks.
- Excellent analytical and problem-solving skills.
- Effective communication and interpersonal skills.
- Ability to work both independently and collaboratively in a fast-paced environment.
- Attention to detail and a commitment to upholding ethical standards.
- Other
- The Fidelis Partnership Ethos
At The Fidelis Partnership, we aim to be different while making a difference.
- We set the standard for quality in our industry. Guided by our expertise, our clients can take unique and material risks with confidence.
- Our approach is tailored and designed to deliver excellence for our clients. We are trailblazers, creating unique solutions in the (re)insurance space.
- We are experts. Our brokers and clients value the depth of our knowledge and experience. We leverage state-of-the-art underwriting technology to be a market leader.
- We believe sound ethics make for good business.
We deliver value for our customers, investors and communities while actively avoid trading with industries that cause harm to people, the environment and animals.
- We pride ourselves in creating a workplace that prizes execution, meritocracy, Diversity & Inclusion.
Our people herald from countless backgrounds and are united by ambition and the unabashed desire to deliver excellence every day.
We provide a competitive environment that helps people cultivate themselves professionally and personally and balance a rigorous workplace with a mindset that prioritises environmental and charitable activities in our communities worldwide.
Our ethos dictates our decisions and actions.
It unites us as a team of experts and colleagues and provides us with a compass for ensuring we deliver our best to every stakeholder we serve.
- Diversity, Equity & Inclusion
- Diversity & Inclusion in the workplace
- Insofar as possible, we aim to ensure the composition of our workforce reflects the make-up of the local community
- We have specific programmes in all our offices to support diversity within the hiring process, e. g. internship and scholarship award programmes
- This is a particular focus in Bermuda, where we engage actively with local organisations to source diverse talent and provide coaching/mentoring for underrepresented groups
- We aim to maintain a focus on equal opportunities across all stages of hiring process
- We measure and minimise the pay gap where possible.
- Bring Your Whole Self to Work
Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed.
We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership's successes.
This will be driven by a workforce that embraces Diversity & Inclusion at every level, in every department across The Fidelis Partnership.
To ensure that all candidates have a fair opportunity to show their abilities during the recruitment process, adjustments may be required.
If your physical or mental health or disability may necessitate an adjustment, please contact fidelis@avenciaconsulting. com to discuss. All information relating to your health or disability will be treated in accordance with our data protection policy.
- The Leader in
- Bespoke & Specialty insurance
- #J-18808-Ljbffr
Senior Compliance Manager - Assurance employer: The Fidelis Partnership
The Fidelis Partnership is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. Employees benefit from a culture that prioritises professional growth, with ample opportunities for development and engagement in impactful projects that shape the future of underwriting. With a focus on analytics and real-time insights, team members are empowered to make meaningful contributions while enjoying a supportive atmosphere that values their expertise.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Compliance Manager - Assurance
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like The Fidelis Partnership looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Compliance Manager - Assurance
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at The Fidelis Partnership. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at The Fidelis Partnership
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with The Fidelis Partnership’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
