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The Group Compliance Function's aim is to proactively support Willis Towers Watson to generate sustainable value, helping the company to deliver good client outcomes, manage its conduct, protect against regulatory risk, and to maintain strong regulatory relationships. We aim to be a trusted partner to the business. Within Willis Towers Watson's internal control system, we form part of the Second Line of Defence, as a function independent from daily business activities. Our Every Day Effect is to inspire ethical decisions. Compliance is a trusted Professional Partner, supporting WTW's sustainable business growth by providing pragmatic advice, oversight and effective challenge. We lead the management and co-ordination of Willis Towers Watson Group Compliance policies and procedures, identifying applicable regulatory requirements and assisting in implementing relevant processes to enable standards to be met. We also provide guidance and training. We monitor compliance with regulatory obligations and implemented controls within the Compliance Program. The Compliance team leads the management and co-ordination of the requirements of our global regulators. The Business Corporate Risk and Broking CRB provides a broad range of risk advice and insurance broking services to clients ranging from small businesses to multinational corporations. The segment mainly conducts regulated business. The Role Principal Accountabilities Reporting to a Senior Compliance Business Partner, Willis Limited, within a team of skilled colleagues, the Compliance Business Partner is a key contributor to the departments' aim of maintaining an efficient, independent Compliance Function and framework, principally through: Identify, Plan and Apply Develop, implement, embed and maintain an efficient and independent Compliance Function. Map the regulatory framework, horizon scan for developments, report and respond to new or changed regulation or legislation within Compliance's remit applicable to the Relevant Business. Assess whether policies and procedures, systems and controls fully address regulatory or compliance strategic requirements applicable to the Relevant Business. Develop, implement, embed and maintain an efficient Compliance framework of policies and procedures, systems and controls. Closure of Compliance-owned actions and supporting the closure of regulatory recommendations following internal/external audits. Identify compliance training needs, develop and deliver compliance training within the Relevant Business. Identify and assess compliance and regulatory risks in the Relevant Business, taking into account relevant internal and external sources of data as well as changes to assessments of other risk types. Create and deliver an annual Compliance Plan for the Relevant Business. Appropriate communications to colleagues in the Relevant Business as set out in the Compliance Plan, and on an ad-hoc basis. Support Champion Compliance at all levels of the Relevant Business, partnering with the business, support and provide pragmatic risk-based advice and counsel to all appropriate stakeholders as well as provide effective challenge and oversight. Partnering with business management to define the Compliance strategy for the Relevant Business. Provide challenge and oversight on business management's assessment and governance of compliance and regulatory risk. Provide guidance and advice to business management in developing appropriate 'tone from the top' and awareness of required business conduct and ethical standards, including the Code of Conduct. Partnering with the business to review and challenge the design and structuring of specific transactions, new products, services, operational procedures, operational change and initiatives. Provide advice, from a compliance and regulatory perspective only, on the design of First Line of Defence quality assurance models. Oversight of and support to complaints handlers, handling complaints in rare cases as appropriate. Compliance Function ad-hoc strategic or operational projects as requested. Record keeping in line with regulatory requirements and/or WTW policies and procedures. If mandated by regulation or applicable policies and procedures, provide input to new or approve changes to operating procedures, and give approvals under specific control frameworks. Investigate suspected, alleged or actual breaches of regulatory requirements or WTW Compliance policies and procedures within the Relevant Business and ensure resolution. Develop corrective action plans and track implementation status for revisions of other compliance-related controls. Monitor Carry out monitoring activities in line with the annual Compliance Plan and on an ad-hoc basis, ensuring that remedial action is taken, and material issues, incidents and breaches are escalated to relevant stakeholders. Support the Excellence function in the performance of selected Excellence Reviews, focussing on compliance with regulatory requirements and Compliance policies/procedures. Collate and deliver accurate and appropriate compliance metrics and information to appropriate stakeholders in the Relevant Business and the Compliance Function. Compi...
Are you passionate about navigating the intricate landscape of regulatory compliance? Do you thrive on providing strategic guidance to ensure adherence to industry standards and regulations? If so, we want you to join our clients team. Responsibilities: Provide Expert Compliance Guidance: Offer insightful advice and guidance to the broader business on the interpretation and application of UK regulations such as PSRs, EMRs, MLRs, FCA Handbook, EBA Guidelines, etc. Foster a culture of "compliance by design" to facilitate understanding and action within the first-line teams. Refine and Implement Compliance Assurance Approach Own Compliance Assurance Plan: Take ownership of the annual compliance assurance plan, utilizing a risk-based approach to determine scope, priority, frequency, and nature of assurance activities in collaboration with internal stakeholders. Deliver Proactive Compliance Assurance: Conduct proactive assessments of controls, identify areas for improvement, and propose corrective actions to enhance compliance effectiveness. Communicate Assurance Results: Prepare high-quality, evidence-based reports highlighting common themes and trends from compliance assurance activities. Provide pragmatic and actionable insights to first-line teams and stakeholders. Manage Corrective Actions: Ensure agreed corrective actions are tracked and resolved effectively, maintaining compliance standards across the organization. Develop Regulatory Mapping: Develop targeted mapping of regulatory requirements, compliance evidence, and internal/external assurance to enhance compliance strategies. Line Management: Lead and develop the Compliance Assurance Analyst, providing coaching, development planning, and performance evaluation to drive high-quality outcomes. Enhance Policy Framework: Collaborate with policy owners to improve company policy. Provide Management Information: Deliver timely and informative management information to Executive Leadership Team, Audit and Risk Committees, and Boards to facilitate regulatory compliance responsibilities. Contribute to Second Line Risk and Compliance: Support wider Second Line Risk and Compliance Team activities as required, including regulatory reporting, fostering a strong risk and compliance culture, and contributing to team development efforts. Skills and Experience: Engagement and Influencing: Demonstrated ability to build strong relationships with stakeholders and influence outcomes effectively. Communication Skills: Excellent verbal and written communication skills, including the development of structured reports with actionable insights and recommendations. Team Leadership: Proven ability to coach and develop team members, driving high-quality outputs that add tangible business value. Adaptability: Ideally, an understanding of various compliance frameworks, approaches, and tools that can be tailored to the company InterQuest Group is acting as an employment agency for this vacancy. InterQuest Group is an equal opportunities employer and we welcome applications from all suitably qualified persons regardless of age, disability, gender, religion/belief, race, marriage, civil partnership, pregnancy, maternity, sex or sexual orientation. Please make us aware if you require any reasonable adjustments throughout the recruitment process.