Chief Legal, Risk and Compliance Officer
Lutine Bell are supporting a rapidly growing insurtech/insurance client who are looking to appoint a Chief Legal, Risk and Compliance Officer who will initially hold both SMF4 & 16. The role will drive strategy within the business and be a regulatory point of contact.
Key Responsibilities
Legal Oversight
* Legal Strategy – Develop and lead the company’s legal framework, safeguarding its interests while providing expert legal counsel to the executive team and board.
* Contracts & Agreements – Oversee the drafting, negotiation, and review of a wide range of commercial contracts and agreements.
* Insurance Law & Claims – Manage legal matters related to motor insurance policies and claims, ensuring compliance with industry regulations.
* Regulatory Compliance – Ensure full adherence to all relevant legal and regulatory requirements, mitigating legal risks proactively.
* Risk Strategy – Design and implement comprehensive risk management policies to protect the business.
* Risk Identification & Assessment – Evaluate emerging risks, with a focus on the motor insurance sector.
* Risk Controls – Conduct periodic risk assessments, implementing strong controls to mitigate exposure.
Compliance Leadership
* Compliance Culture – Champion a culture of regulatory excellence, embedding principles of fair value, consumer duty, and positive customer outcomes.
* Regulatory Engagement – Act as the primary liaison with regulatory bodies such as the FCA and GFSC, ensuring ongoing compliance with evolving industry guidelines.
* Compliance Ownership – Hold the SMF16 function, overseeing core compliance policies and ensuring regulatory requirements are embedded in decision-making.
* Product Governance – Ensure regulatory compliance in new product launches, aligning product design with customer and industry expectations.
* Governance & Oversight – Lead governance structures, ensuring effective controls and regulatory alignment across the organization.
* Committee Leadership – Engage in and lead key committees, providing strategic guidance, constructive challenge, and accountability for compliance-related matters.
* Regulatory & Board Reporting – Oversee regulatory submissions and board-level reporting to ensure transparency and alignment with corporate objectives.
Strategic Influence
* Executive Advisory – Act as a trusted advisor to the CEO, CFO, and executive team on all legal, risk, and compliance matters.
* Forward-Thinking Strategy – Develop bold, innovative plans that align with business growth while anticipating future regulatory and legal challenges.
* Market & Industry Insights – Build internal and external networks to gain market intelligence, leveraging insights to shape business strategy.
* Inspiring Leadership – Lead and mentor the legal and compliance teams, fostering a high-performance culture.
* Capability Building – Ensure the function is structured to scale with business growth, effectively managing complex legal and regulatory challenges.
Qualifications & Experience
Education
* Qualified Solicitor or Barrister, with a strong academic background.
Experience
* Minimum 20 years of legal experience, with substantial exposure to the motor insurance sector.
* Proven track record in a senior legal, risk, or compliance role within an InsurTech or insurance organization.
* Deep expertise in FCA regulations (ICOBS, PRIN, SUP, DISP, TC), with extensive experience engaging with the FCA on matters related to fair value and consumer duty.
Key Skills
* Exceptional negotiation and influencing abilities.
* Strong strategic thinking and problem-solving capabilities.
* Excellent communication and interpersonal skills.
* Ability to thrive in a fast-paced, dynamic environment.
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