At a Glance
- Tasks: Lead compliance monitoring and assess risks in a dynamic insurance environment.
- Company: Join a thriving insurance firm with exciting international growth and a collaborative culture.
- Benefits: Enjoy a competitive salary, excellent bonuses, and a supportive work atmosphere.
- Why this job: Step into your first managerial role and make a real impact in compliance.
- Qualifications: Experience in compliance monitoring within the insurance sector is essential.
- Other info: This is a fully office-based role in London, perfect for those who thrive in a team.
The predicted salary is between 48000 - 64000 £ per year.
Location: London (Office-based)
Salary: To £80k + excellent bonus (to 40%)
This is an opportunity to join a highly successful insurance firm that’s been enjoying considerable international growth in recent years. This growth creates opportunities to broaden your experience and develop your career.
You’ll love the collaborative and inclusive culture that the firm provides. This is an environment where your voice will be heard, and your views and opinions will be welcomed.
This newly created role represents a great opportunity for you to step up into your first Manager role.
You’ll support with the creation and delivery of the compliance monitoring plan, conducting thematic reviews to identify and assess compliance risks across all areas of the business and performing fact-finds and desk-based monitoring to evaluate adherence to regulatory requirements and internal policies.
You’ll present findings and recommendations to senior management and other relevant stakeholders, tracking and monitoring the implementation of corrective actions to ensure timely closure.
You’ll have gained good Compliance Monitoring experience with the insurance industry, preferably in the London market. You’ll need a detailed understanding of the FCA rulebooks impacting the insurance sector and must possess excellent communication and stakeholder management skills.
This is a fully office-based role and so you must be happy working in the London office 5 days a week.
Interested? Click apply.
Contact Detail:
Willow Resourcing Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Monitoring Manager (Insurance)
✨Tip Number 1
Familiarise yourself with the latest FCA rulebooks and compliance regulations specific to the insurance sector. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals already working in compliance roles within the London market. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could boost your application.
✨Tip Number 3
Prepare to discuss your previous compliance monitoring experiences in detail, focusing on how you've identified risks and implemented corrective actions. Use specific examples to illustrate your problem-solving skills and stakeholder management abilities.
✨Tip Number 4
Research the company’s culture and values thoroughly. Be ready to articulate how your personal values align with theirs, as this role emphasises collaboration and inclusivity, which are key to their work environment.
We think you need these skills to ace Compliance Monitoring Manager (Insurance)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Compliance Monitoring Manager in the insurance sector. Familiarise yourself with compliance monitoring plans and the FCA rulebooks relevant to the role.
Tailor Your CV: Highlight your compliance monitoring experience, especially within the insurance industry. Emphasise any relevant skills such as stakeholder management and communication, ensuring they align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for compliance and your understanding of the London market. Mention specific experiences that demonstrate your ability to conduct thematic reviews and present findings effectively.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial in compliance roles.
How to prepare for a job interview at Willow Resourcing Limited
✨Understand the Compliance Landscape
Make sure you have a solid grasp of the FCA rulebooks and compliance requirements specific to the insurance sector. Being able to discuss these in detail will show your expertise and readiness for the role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in compliance monitoring. Prepare examples from your past experience where you've identified compliance risks and how you addressed them.
✨Showcase Your Communication Skills
Since the role involves presenting findings to senior management, practice articulating complex compliance issues clearly and concisely. This will demonstrate your ability to communicate effectively with stakeholders.
✨Emphasise Your Collaborative Spirit
The company values a collaborative culture, so be ready to discuss how you've worked in teams before. Highlight instances where you've contributed to a positive team environment or helped implement changes based on team feedback.