Managing Director Compliance

Discipline: Audit, Risk & Compliance
Job type: Permanent
Salary: £135000 to £175000
Contact email:
Job ref: J3924
Published: 23 days ago
As Managing Director of Compliance you wll be responsible for delivery of the Compliance framework and annual plan across the Group, including overseas jurisdictions. This role includes responsibility for conduct and regulation, financial crime and monitoring and testing. The role is critical to our assessment of risk across these key themes and providing relevant and appropriate oversight over our international operations, as well as FCA regulated brokers and MGA’s. Main Duties: • Support the CRCO in the strategic ambitions of the Group • Lead the Team in the development and maintenance of a Compliance Plan with Senior Compliance team members and produce regular and effective reporting to the Board and Management Committees • Work with the Chief Risk & Compliance Officer to ensure an effective and robust Compliance Framework is in embedded within the group together with appropriate policies and procedures, including Global policies • Ensure sufficient expertise is provided to regularly engage with the business to understand issues/challenges. • Analyse issues raised by placing divisions and work with them to find positive pragmatic solutions within regulatory rules. • Coordinating the advice to the business with regards regulations, policies and procedures that is measured and proportionate. • Distil complex instruction/advice and deliver messages to the business that are easy to interpret. • Support Compliance Monitoring in the execution of the Monitoring Plan. • To keep the business updated with regulatory developments in conjunction with the Chief Risk & Compliance Officer. • Ensuring the different business divisions and their regulatory needs are supported. • Leading regulatory or compliance projects. • Responsible for providing an effective oversight and financial crime framework, including the development of management information to evidence • Responsible for providing an effective conduct framework, including the development of management information to evidence • Ensuring the licensing and approvals in overseas territories are appropriate and in place • Attending Boards and Committee meetings as required to discuss particular topics, including the International offices • Lead employee training on compliance-related topics, policies or procedures • Provide support and advice to Risk & Compliance team members Education / Training / Qualification required: • Degree and/or relevant professional qualification. • 5-10 years in compliance, regulatory, risk management environments • Insurance broking or underwriting experience, or Financial Services industry • Team leadership experience. Knowledge / Skills / Abilities required: • Strong person management skills. • Confident and professional manner – inspiring confidence in getting buy-in from business broking units. • Organised with excellent attention to detail. • Ability to work well under pressure and to engage with senior management and to report at board and committee level. • Detailed knowledge of general insurance and broking principles and practices • Develop and sustain external relationships with market bodies, regulators, auditors • Use of judgement and experience of insurance matters to evaluate current working practice against industry and regulatory requirements. • Sound business judgement that is used in a pragmatic manner • Confident and effective IT skills • Excellent report writing skills tailored for different audiences • Effective time management in work/task organisation and able to prioritise and organise own workload to ensure deadlines are adhered to