Head of Compliance

Head of Compliance

Full-Time 80000 - 100000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead compliance strategy and ensure regulatory adherence for innovative insurance products.
  • Company: Join Wrisk, a forward-thinking company revolutionising the insurance industry.
  • Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
  • Other info: Be part of a team that values transparency and innovation in the insurance sector.
  • Why this job: Make a real impact in a dynamic environment while shaping the future of insurance.
  • Qualifications: Experience in compliance and regulatory frameworks, with strong leadership skills.

The predicted salary is between 80000 - 100000 £ per year.

Wrisk is reinventing insurance for today's digital consumer based on a vision that insurance ought to be simple, transparent and personal. The insurance platform developed by Wrisk combines the best customer experience, modern technology, insurance know-how and a unique distribution strategy for the automotive sector. Having already created differentiated insurance experiences in the EU and the UK for brands like BMW, MINI, Volvo, Toyota, Landrover, Wrisk is now expanding platform capability and intermediation to target more EU markets, initiatives and territories.

The purpose of this role is to define and direct the regulatory strategy and integrity framework for Wrisk’s regulatory subsidiaries in the UK. This function is critical to ensuring that all bespoke insurance products and distribution channels are fully compliant with all Financial Conduct Authority (FCA) and other regulatory and legal requirements, maintaining the firm's reputation with insurance providers and guaranteeing fair outcomes for all customers.

Key responsibilities within this purpose include:

  • Mandating and owning the overall Compliance Monitoring Plan, including setting the strategic direction for risk evaluation and mitigation across the firm.
  • Ensuring Wrisk regulated UK subsidiaries adheres to all relevant regulatory requirements, specifically those mandated by the FCA and the Data Protection Act (DPA).
  • Providing the Board with timely and comprehensive information regarding regulatory updates and all potential risks facing the business.
  • Designing and embedding a best-in-class regulatory and risk control framework that directly supports the Board and Senior Management in discharging their statutory obligations.
  • Overseeing and managing the regulatory calendar and incorporating corresponding operational standards.
  • Acting as an exemplar and advocate for high standards of conduct, driving the firm’s compliance framework across the entire business and among all third-party suppliers.

This role is designated as a Senior Manager regulatory role under the Senior Managers & Certification Regime (SM&CR).

Accountabilities

  • SMF Responsibility: Formally holding and executing the responsibilities of SMF16 (Compliance Oversight) for Wrisk.

Head of Compliance employer: Wrisk Limited

Wrisk is an exceptional employer that champions a culture of innovation and integrity, making it an ideal place for professionals seeking to make a meaningful impact in the insurance sector. With a commitment to employee growth, Wrisk offers comprehensive training and development opportunities, ensuring that team members are equipped to navigate the evolving regulatory landscape. Located in a dynamic environment, employees benefit from a collaborative atmosphere that values transparency and personalisation, aligning perfectly with the company's mission to redefine insurance for today's digital consumer.
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Contact Detail:

Wrisk Limited Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Head of Compliance

✨Tip Number 1

Network like a pro! Reach out to industry professionals on LinkedIn or attend relevant events. We can’t stress enough how personal connections can open doors that applications alone can’t.

✨Tip Number 2

Prepare for interviews by researching Wrisk and its compliance strategies. We want you to show off your knowledge about their regulatory landscape and how you can contribute to their mission.

✨Tip Number 3

Practice your pitch! Be ready to explain how your experience aligns with the role of Head of Compliance. We suggest rehearsing with a friend or in front of a mirror to boost your confidence.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take that extra step to engage with us directly.

We think you need these skills to ace Head of Compliance

Regulatory Strategy Development
Compliance Monitoring
Risk Evaluation and Mitigation
Financial Conduct Authority (FCA) Compliance
Data Protection Act (DPA) Knowledge
Regulatory Framework Design
Stakeholder Communication
Operational Standards Management
High Standards of Conduct Advocacy
Senior Managers & Certification Regime (SM&CR) Knowledge
Board Reporting
Third-Party Supplier Compliance Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Head of Compliance role. Highlight your experience with regulatory frameworks and compliance monitoring, as these are key for us at Wrisk. Use specific examples that showcase your skills in managing compliance within the insurance sector.

Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for Wrisk. Share your passion for making insurance simple and transparent, and how your background aligns with our mission. Don’t forget to mention your understanding of FCA regulations and how you’ve successfully navigated them in the past.

Showcase Your Leadership Skills: As a Head of Compliance, leadership is crucial. In your application, emphasise your experience in leading compliance teams and driving high standards of conduct. We want to see how you've influenced compliance culture in previous roles and how you can bring that to Wrisk.

Apply Through Our Website: We encourage you to apply directly through our website. This helps us keep track of your application and ensures it reaches the right people. Plus, it’s super easy! Just follow the prompts and make sure all your documents are uploaded correctly.

How to prepare for a job interview at Wrisk Limited

✨Know Your Regulations

Make sure you brush up on the latest FCA regulations and the Data Protection Act. Being able to discuss these in detail will show that you're not just familiar with compliance, but that you can navigate the complexities of regulatory frameworks.

✨Showcase Your Strategic Thinking

Prepare examples of how you've previously set strategic directions for compliance or risk evaluation. Wrisk is looking for someone who can think ahead and design frameworks that support the business, so come ready to share your insights.

✨Demonstrate Leadership Skills

As a Head of Compliance, you'll need to lead by example. Think of instances where you've driven high standards of conduct within a team or organisation. Be prepared to discuss how you can advocate for compliance across all levels of the business.

✨Ask Insightful Questions

Prepare thoughtful questions about Wrisk's current compliance challenges and their vision for the future. This shows your genuine interest in the role and helps you understand how you can contribute to their mission of reinventing insurance.

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