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Compliance Monitoring Manager

Applications for this role are now closed. View similar roles here.
The details


Arthur are assisting a leading Broker for an exciting, new role within the Central Compliance team, supporting all four divisions of the Group.

The role will manage and oversee a Central Compliance Monitoring Function that will be responsible for:

  • Providing group UK Governance Committees with regulatory risk profiles of each Pillar
  • Providing a single view of the Group regulatory risk landscape to regulators.
  • Providing relevant management information to the CCO and the Senior Management of the Central Compliance UK Broking Pillars to inform their understanding of regulatory risks and customer outcomes across the Pillars. 
  • Developing Central Compliance Monitoring Plan in collaboration with Pillars and Internal Audit.

Key Duties

  • Present agreed monitoring metrics to present overarching regulatory risk view across all regulated entities.
  • Prepare reports for Pillar Compliance to include in their own Governance Packs, where this relates to MI, data or reviews undertaken solely or in the first instance by Central Compliance. 
  • Review Regulatory and Governance Committee Packs of both Pillars to identify any other key matters of interest, emerging risks, trends etc.
  • Collaborate / coordinate with Pillars to define the MI and monitoring results that should be provided centrally, seeking consistency where possible.
  • Investigate metrics and data available across the Group to determine what regular regulatory risk profiling and testing can be undertaken centrally.
  • Review Pillar reporting and understand regulatory performance, key emerging risks, trends etc.
  • Where any risk indicators are identified, liaise with the individual Pillars to verify the results and consider if action required. 
  • Develop strategic approach for enhancing data monitoring capabilities.
  • Undertake UK-wide thematic reviews for key regulatory risks, either planned or in response to increased risk profiles, downward trends, incidents or regulatory requests/focus.
  • Liaise with Pillar Compliance stakeholders as required, in order to scope, complete and report on thematic or investigatory reviews.
  • Request information from and interact directly with the impacted businesses, undertaking deep dive reviews of records, files, systems and data as necessary.
  • Deliver thematic reports and results which provide collective view across the Group as a whole, but also provide insight in respect of each Pillar and each regulated entity in scope of any review.

About You

You will have:

  • Knowledge of FCA requirements specifically relating to Non-life insurance products within ICOBs (MCOBS & COBS, desirable but not essential).
  • Strong awareness in navigating the FCA handbook including – PRIN, SYSC, SUP, ICOBS, CONC.
  • Good knowledge of SM&CR
  • Good knowledge and understanding of insurance, principles, products, and services.
  • Experience working in a second line financial services compliance role.
  • Experience of operating in a monitoring or audit role of a financial services firm.
  • Previous experience of managing other compliance professionals (not essential)
  • Experience of working with senior management.
  • Formidable regulatory focus.
  • Strong written and oral communication skills.
  • Strong analytical skills
  • Strong planning, organisational and time-management skills.
  • Ability to build effective relationships with senior managers and other key stakeholders within the Pillars and across the Group.
Applications Closed