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 in London employer: Wrisk
Wrisk is an exceptional employer that champions a culture of innovation and transparency, 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 integrity and high standards, all while contributing to a forward-thinking company that is reshaping the insurance experience for consumers.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Compliance in London
✨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 that you understand their mission and how your skills align with their goals. Tailor your responses to highlight your experience in regulatory frameworks.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can set you apart from other candidates. We recommend mentioning something specific from the conversation to remind them of your fit for the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Head of Compliance in London
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 strategies, especially those relevant to the FCA and DPA. We want to see how your background aligns with our mission at Wrisk!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about compliance in the insurance sector and how you can contribute to Wrisk's vision. Keep it personal and engaging – we love a good story!
Showcase Your Achievements:Don’t just list your responsibilities; showcase your achievements! Use specific examples of how you've successfully implemented compliance strategies or improved regulatory processes in previous roles. Numbers and outcomes speak volumes!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it shows you’re keen to join the Wrisk team!
How to prepare for a job interview at Wrisk
✨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’re passionate about it too.
✨Showcase Your Strategic Thinking
Prepare examples of how you've previously developed or improved compliance frameworks. Highlight your ability to set strategic directions for risk evaluation and mitigation, as this is crucial for the role.
✨Be Ready for Scenario Questions
Expect questions that put you in hypothetical situations regarding compliance challenges. Think through how you would handle these scenarios, focusing on maintaining high standards and ensuring fair outcomes for customers.
✨Demonstrate Leadership Skills
As a Head of Compliance, you’ll need to lead by example. Be prepared to discuss how you’ve advocated for compliance standards in past roles and how you plan to drive this culture at Wrisk.
