A fantastic opportunity has arisen for a Compliance Assurance Manager to join a well-established, forward-thinking financial services business with a strong presence in the insurance sector.
As Compliance Assurance Manager, you’ll play a key part in designing, delivering and leading, in liaison with Head of Compliance, a suitable Group Compliance Assurance Plan as part of wider Risk & Compliance planning.
Key Responsibilities:
* Lead the annual Assurance planning process liaising with Executive, Senior Management and key stakeholders presenting the output of risk assessments for each area of the business and proposing the overall programme of assurance activity for the firm.
* Provide effective leadership to the Compliance Monitoring team; building a team which contains the right mix of skills and experience necessary to deliver the range of assurance activity required by the firm. Create an environment that enables the team to learn and develop, keeping technical skills up to date and fully abreast of regulatory developments through coaching and regular review of output.
* Own and drive the approach to assurance and oversight, working closely with the Head of Compliance. Act as a subject matter expert to champion the firms overall assurance methodologies (i.e. Control Testing Framework).
* Operational oversight and management of co-sourced and outsourced arrangements in place specific to compliance assurance activity.
* Delivery of the Compliance Assurance Plan in line with agreed Compliance Procedures; manage and oversee completion of prescribed activity within agreed timeframes, managing changes and reporting such changes to the relevant forums.
* Act as Compliance representative at Executive and Management stakeholder meetings. Support with review scope agreement and findings discussions. Act as the escalation point using influence from expertise, to persuade stakeholders and agree findings, priority ratings, assurance gradings and appropriate actions.
* To provide oversight and management of the implementation of all agreed actions arising from the Compliance Assurance Plan to include escalation of overdue actions, obtaining agreement to extensions from relevant Executive and action closure (evidence reviews).
* Deputise for the HoC where appropriate and assist in the delivery of key Compliance initiatives.
* Responsible for reporting on risk and compliance culture in relation to output of assurance activity and progress against agreed actions
* To have a satisfactory understanding of the key regulatory and statutory rules, regulations, principles and codes of practice incumbent so far as they are relevant to the delivery of appropriate Compliance requirements, and to keep such awareness up to date
* Production of insightful reports for review by the HoC, Risk & Compliance Director, Risk Committees and relevant Boards, as appropriate
Key Requirements:
* Insurance Sector Knowledge - understands and have experience of the regulatory environment in general insurance services.
* Strong Stakeholder Management and Influencing Skills - knows how to get senior leaders on board, present findings with confidence and influence decisions.
* Leadership and People Development - inspires, coaches and develops a team of monitoring officers, creating the right environment for them to succeed.
* Proven 2nd or 3rd Line Compliance/Assurance Expertise - has strong experience in compliance assurance, monitoring or internal audit, and be confident taking ownership of a complex plan.
* Strong knowledge of FCA requirements, including Consumer Duty.
* Previous experience in and background of managing a compliance monitoring team
* Experience building effective relationships across financial and insurance services.
* Recognised compliance, audit, or legal qualification (preferred).
* Excellent communication (written and verbal), organisation, and time management skills.
* Strong attention to detail, analytical ability and problem-solving skills.
* Skilled at balancing regulatory and conduct risks with commercial needs
Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.
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