Reporting into the Head of Compliance, you will be a key member of the compliance function, the role holder will contribute to enhancing, embedding and maintaining the Company’s compliance framework. The role holder will be self-motivated, well-organised and enthusiastic about contributing to the success of a rapidly growing business.
This is an excellent opportunity to join a growing compliance function as a Compliance Manager focusing on the broad spectrum of compliance topics. The Compliance Manager will be responsible for the day to day management of the compliance function for the group’s MGA business. The Compliance Manager will also contribute to the growth and development of the business at a senior organisational and commercial level and work with the business to deliver the strategic business plans for the company and its growth plans.
Key Responsibilities:
To assist the Compliance Function in the completion and development of the Annual Compliance Plan.
Maintaining regulatory compliance oversight of the Managing General Agent and its operations in the UK, Guernsey and its US subsidiary.
Support the production of an annual group compliance plan and provide continued reporting against this plan to the MGA Board.
Establish areas of reporting, standard quarterly and half yearly reports as required by the FCA and other regional regulators in respect of the licences held.
Managing and overseeing the development of systems and controls in respect of financial crime, sanctions monitoring, background checking, licensing and breach reporting.
Provide advice and guidance to the business managers to enable them to understand the regulatory implications of new business, initiatives and business changes. This will include participation in business development projects and onboarding of new MGA underwriting teams as required.
Ensure compliance with relevant PRA and FCA conduct rules.
Person Specification:
Relevant experience in a similar role/business with a strong knowledge of FCA/compliance regulation and overseas licensing.
Excellent technical skills and practical understanding of regulations and their application across the business.
Self-Management identifying specific activities of the role in context of the business's goals and what it is trying to achieve. Successfully directing work towards these objectives - prioritising duties, working well under pressure, and managing time effectively - demonstrating flexibility and trustworthiness.
A detailed understanding of the insurance market and the regulatory framework.
Commercial awareness and focus on the application of regulation within the insurance broking, MGA platforms preferably with some experience of working within the Lloyd’s market.
Proven record of leading and delivering major initiatives and projects.
In return, you will receive a competitive salary, package and great work life balance.
Dynamic training and professional development are essential. You will benefit from career development and learning opportunities that will let you set career goals and fulfil them, including:
