Job purpose:
This role is designed to support the Senior Manager - Compliance/ Group Data Compliance Officer to execute the compliance/ data protection program and support other colleagues and the Chief Legal & Compliance Officer in applying the framework into the Group. This role is based in the London office and will support all aspects of compliance in conjunction with Group Compliance. This role reports into the Senior Manager – Compliance
Regulatory Requirements:
The role holder will have be obliged to follow all company policies to meet regulatory requirements. This includes all relevant regulatory Code of Conduct rules.
Key Responsibilities:
* To provide expertise on a wide range of UK related compliance and data protection matters. Including by provision of technical advice to management, staff and the Board on compliance and data protection matters
* Support the Senior Manager - Compliance in responding proactively to all upcoming UK regulatory changes, including liaison and advice to the business (and implementation teams) on the impact of regulatory changes as required.
* Support the oversight the embedding and evidencing of compliance with existing key regulatory imperatives including but not limited to:
* SMCR: Including updates to Management Responsibilities Maps and ongoing Fitness & Proprietary assessments
* IDD, Product Governance, and the Consumer Duty
* GDPR and other Data Protection
* Conduct Rules
* Support the maintenance of the UK regulatory library and communicate updates to management and relevant staff including through the provision of scheduled and ad-hoc training as required. This includes compliance training for new joiners.
* Support the KYC and TOBA process in respect of the UK operation
* Support the development of the clients UK and Group Financial Crime Programmes, including:
· sanctions screening process, and provision of sanctions advice to the business on an ongoing basis
· controls in place in respect of anti-money laundering, anti-Bribery and Corruption
* Support input to key UK and Group management committees including the Delegated Authority Committee and Product Oversight Group. Involvement in consideration and onboarding of new coverholders, onsite / direct work with Delegated Authorities / Coverholders and development of related management information.
* Support in the preparation of compliance regulatory reports and Board reports, including FCA RMARs
* Support the Complaints Management Process in respect of UK originated business, maintain appropriate records and reporting and operate as the primary contact
* Deputise for the Senior Manager - Compliance as and when required.
The above outlines the primary duties and responsibilities of your role. However, there may be instances where tasks arise that fall outside the scope of your job description.
Key Attributes & Professional Qualifications:
* A university degree in a relevant field
* Minimum of 2-3 years' regulatory/ compliance experience in a similar or relevant role. This should be within the general insurance sector.
* Self-starter, capable of working under minimum supervision
* Adept to multi-tasking and meeting deadlines in high-pressure environment
* Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher risk attributes (transactional, geographical, product, customer type, etc.) and develop well-reasoned recommendations.
* Strong interpersonal and verbal/written communication skill, including dealing with internal senior management, and external parties like Auditors, brokers, etc.
* Familiarity with internal systems and processes or similar processes at other institutions
* Able to use Word, Excel and PowerPoint proficiently, with attention to detail shown.
Personal Characteristics:
The successful candidate will demonstrate an ability to work with colleagues across the Group. The organisation is built on a sound governance structure, with good risk management and a focus on transacting profitable business so the successful candidate will feel comfortable operating in a merit based, transparent, dynamic and vibrant organisation with a broad range of nationalities and cultures.
The successful candidate will understand the need to adapt their influencing style to different stakeholders. Charismatic, intellectually rigorous, possessing a good sense of humour and ability to build relationships with empathy are important attributes.