Compliance Manager - Insurance Industry
45k to 70k DOE
Must have an insurance background, no exceptions.
Working Hours: Monday to Friday, 9:00am to 5:30pm, (with flexibility for the right candidate)
Are you an experienced compliance professional with a background in the financial and insurance services sector? Equation are recruiting for a Compliance Manager on behalf of a respected organisation specialising in financial and insurance services. This is an exciting opportunity to take ownership of compliance frameworks and processes while supporting a business committed to excellence and ethical practices.
About the Compliance Manager role Role:
As a Compliance Manager, you will oversee and maintain the organisation's compliance framework, ensuring adherence to industry regulations, including FCA requirements and the latest Consumer Duty standards. You'll play a key role in ensuring the business meets all regulatory obligations while contributing to its commitment to fair and ethical practices.
Key Responsibilities of the Compliance Manager:
- Review and update company policies to align with regulatory standards, including FCA regulations and Consumer Duty requirements.
- Maintain a compliance monitoring plan, including annual reviews, version control, and regular audits.
- Prepare and update reports, including the Consumer Duty Board Pack and Annual Compliance Report, tracking key metrics such as customer outcomes and regulatory breaches.
- Conduct quality assurance checks on documentation and provide recommendations for improvement.
- Manage regulatory reporting, track deadlines, and ensure timely submissions to the FCA.
- Stay up to date with regulatory changes by attending webinars and monitoring updates from the FCA, ICO, and other regulatory bodies.
- Handle audits, respond to requests, and provide due diligence on third-party suppliers.
- Collaborate with management in meetings to discuss regulatory updates, compliance procedures, and areas for improvement.
What We're Looking For:
- Strong knowledge of regulatory compliance, ideally within the financial and insurance services sector.
- Experience developing and managing compliance frameworks, policies, and procedures.
- Excellent organisational skills with attention to detail and the ability to manage multiple tasks.
- Strong communication and interpersonal abilities to liaise with management, colleagues, and external bodies.
- A proactive and ethical professional with a commitment to maintaining high standards.
What's on Offer for the Compliance Manager:
- A competitive salary of £45-70k.
- Flexibility to work hours based on your needs.
- The opportunity to take ownership of compliance in a professional and supportive environment.
- A chance to contribute to the success of a business in the financial and insurance services sector, ensuring regulatory excellence and ethical practices.