We have a great opportunity available for an experienced compliance professional to join one of the South East's fastest growing independent insurance brokers, managing their compliance function.
There will be a full internal handover from the person currently responsible. You will be expected to review the whole compliance function and manage this, reporting into the board of Directors.
They are open to candidates from General Insurance, Financial Services & Banking, who have strong compliance experience. They will consider full or part-time candidates from 3 days a week up to 5.
The business currently numbers 28 staff and continues to grow at a rapid pace, with £15 million in Gross Written Premium on their books currently.
Key Responsibilities in the role
* Assess the possible impact of regulatory developments on the operation of the business and work with senior management to ensure compliance policies are kept up to date and revisions are disseminated in a timely manner.
* Review and assist with the sign-off of template documents, marketing materials, financial promotions, advertising literature, presentations, and websites to ensure compliance with regulatory requirements.
* Provide coordination and support for both internal and external audit reviews and regulatory visits.
* Propose, gain sign-off for, and deliver the Compliance Monitoring Plan.
* Assist with the production of management information on current risk and compliance performance, highlighting areas of concern for regulatory reporting and Board reporting purposes.
* Maintain the company Risk Register, performing risk assessments to understand the level, significance, and scope of risk.
* Maintain the Business Continuity/Disaster Recovery Plan.
* Provide regulatory assistance with projects as they arise, including the implementation and monitoring of internal systems and controls after project completion.
* Handle complaints and ensure “root-cause” analysis of complaints is undertaken and any conclusions acted upon.
* Deliver the compliance training program, including a new starter induction program, ensuring employees are competent and remain competent for their roles.
* Conduct regular file reviews to assess performance and identify training needs.
* Be a point of contact for managers and employees regarding compliance-related queries.
* Collaborate with other departments to create a culture of compliance.
* Undertake third-party due diligence monitoring and oversight activities.
* Advise on Consumer Duty, including product governance, fair value assessments, and completion of insurer information requests.
* Provide oversight and maintenance of agency, introducer, appointed representative, and third-party contract management variations, assessments, and maintenance.
* Understand and develop knowledge of regulatory & legislative obligations to ensure the business operates within required standards.
Preferred Knowledge, Skills, and Experience
* Good understanding of general retail insurance products; candidates with a compliance background in Financial Services or Banking will also be considered.
* Good working knowledge of the UK regulatory framework and experience with FCA or PRA handbooks, including IDD, FCA ICOBS, SYSC, SUP, PROD, DISP, PRIN, COND, and GDPR.
* Commercial awareness of changing regulatory requirements and trends.
* Focus on delivering good customer outcomes.
* Ability to compile, analyze, and interpret management information and data to facilitate problem-solving and decision-making.
* Ability to develop strong, effective relationships at all business levels, adapting content and tone to suit the audience.
Office hours are Monday to Friday, 9 am to 5 pm, but they would consider someone working both full or part-time depending on preference.
Salary on offer is between £45,000 and £65,000. Benefits include Death in service (x4 of salary), pension, and 21 days of holidays (plus bank holidays). Free on-site parking is also offered.
If you would like to discuss this role in more detail, please contact Kieran Boyle at CKB Recruitment.
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