Overview
An exciting opportunity has arisen for an experienced Regulatory Project Manager to join a specialist insurance business operating within the Lloyd’s and wider UK insurance markets. The organisation delivers bespoke insurance and reinsurance solutions across multiple regions, supported by global offices and a strong focus on operational excellence and regulatory compliance.
Role Purpose
This position will play a key role in driving the delivery of regulatory and operational projects, including the setup of a Lloyd’s Managing Agent and implementation of operational resilience frameworks aligned to PRA and FCA expectations. Working closely with senior leadership and compliance teams, the successful candidate will help ensure the business continues to meet all relevant regulatory standards and governance requirements.
Key Responsibilities
Regulatory Project Management
* Lead and coordinate the full lifecycle of regulatory projects, including the PRA/FCA authorisation process for a Lloyd’s Managing Agent.
* Manage internal teams and external stakeholders such as consultants, regulators, and market representatives.
* Develop and maintain detailed project plans with clear milestones and accountability.
* Oversee regulatory submissions, ensuring alignment with PRA/FCA standards and timely delivery.
* Support the implementation of operational resilience frameworks — including business impact assessments, mapping, and scenario testing.
* Provide progress updates to senior management and governance committees.
* Maintain comprehensive documentation and audit trails to meet regulatory requirements.
Governance, Risk & Compliance Frameworks
* Design, implement, and embed governance, risk, and compliance frameworks aligned with FCA and Lloyd’s standards.
* Produce core compliance documentation including monitoring plans, policies, and risk registers.
* Support the development of SMCR structures, ensuring accountability and clarity across the organisation.
* Collaborate with compliance and risk leaders to maintain regulatory readiness and oversight.
* Develop and embed conduct risk frameworks across multiple business units.
* Enhance regulatory reporting processes, improving accuracy, automation, and timeliness.
* Manage thematic reviews, gap analyses, and remediation projects.
* Support both internal and external audits focused on regulatory compliance and operational resilience.
Stakeholder Engagement
* Collaborate with teams across underwriting, operations, finance, and IT to integrate compliance considerations into all business processes.
* Act as the main contact point between the project team and the FCA during the authorisation process.
* Prepare and present regular project status and regulatory readiness reports to senior management and board-level stakeholders.
Skills & Experience
Essential
* Degree (or equivalent) in a relevant field.
* Project management qualification (e.g. PRINCE2, Agile).
* Proven experience managing PRA/FCA authorisations.
* Previous experience in setting up or managing an MGA or intermediary.
* Strong understanding of the Lloyd’s market or delegated authority frameworks.
* Demonstrable success delivering regulatory projects in the insurance or reinsurance sector.
* Sound knowledge of PRA/FCA governance and regulatory frameworks.
* Hands-on experience with operational resilience implementation.
* Exceptional stakeholder management, communication, and organisational skills.
* Ability to manage multiple workstreams and meet demanding deadlines.
Desirable
* In-depth knowledge of regulatory frameworks including SYSC, PRIN, and SMCR.