Job Title: Head of Compliance
Location: Various
Full/Part Time: Full Time
Salary Circa: £90,000
Insurance Industry Sectors:
Main purpose of job
To lead the Compliance Team in the UK that acts as a safeguard for the business, promotes ethical practices, ensures regulatory compliance, mitigates risk and supports the overall wellbeing of the company as well as for our clients.
Key Accountabilities
- To positively lead and develop the UK Compliance Team
- Create and execute the Compliance strategy for the business in conjunction with the Executive Director - Operations
- Be the face of the organisation with the regulators, auditors, chartered institutes and PI insurers
- Keep up to date with, and understand, relevant laws and regulations and communicate and cascade these in a way that is appropriate for the business
- Monitor market developments and share information at an early stage to ensure the business can positively react to upcoming change
- Lead the Risk Committee process and ensure the risk matrix remains updated
- Be an active member of OPCO providing updates, trend analysis and management information as appropriate including Fair Value
- Produce board papers and updates to EXCO, Board and Group as appropriate
- Build positive relationships and collaborate across the business, including France & Europe, and beyond through active Business Partnering
- Provide a knowledge of and insight into European regulations where appropriate that may impact our UK operation including the Lloyds environment
- Provide guidance & training to employees on regulatory changes and the law
- Work with the business to ensure that policies & procedures are relevant, accurate, understood and embedded in what we do
- Manage and ensure the correct level of audits and role plays are carried out
- Support the business meet its growth aspirations by supporting new business pitches, agreeing TOBAs, acquisitions, etc and participate in company projects and initiatives
- Oversight and management of all complaints and Errors & Omissions with effective reporting carried out
- Oversight and management of any data breaches with effective reporting carried out
- Ensure marketing materials, presentations and websites are compliant with regulatory requirements
- Carry out required regulatory returns or surveys
- Support reviews of contracts
- Liaise with our Compliance Advisors
For extra information please contact:-
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