Head of Compliance
The Head of Compliance is responsible for ensuring we comply with all relevant regulations and guidelines. This includes adhering to critical regulatory frameworks such as the Insurance Distribution Directive (IDD), Consumer Duty, Product Governance etc. The Head of Compliance ensures that the firm's procedures and operations meet the necessary regulatory standards while fostering a culture of compliance throughout the organisation. Reporting to the Operations Director, this role is critical for safeguarding the firm's reputation and minimising regulatory risk while supporting its growth and operational efficiency.
FCA Compliance & Regulatory Oversight:
1. FCA guidelines: Fully understand and ensure the firm complies with FCA regulations, including those governing the Insurance Distribution Directive (IDD), Consumer Duty, and Product Governance, as well as any other relevant financial services rules.
2. Insurance Distribution Directive (IDD): Ensure compliance with the IDD by overseeing the firms handling of insurance products, ensuring that employees are competent and that client information is properly managed, safeguarded, and understood.
3. Consumer Duty: Implement and monitor adherence to the FCAs Consumer Duty, ensuring the firm delivers good outcomes for customers, protects them from harm, and offers clear, transparent, and fair communications.
4. Product Governance: Oversee ...