Head of Compliance (SMF16)
Wholesale Lloyd’s Broker | London (Hybrid)
A leading wholesale Lloyd’s broker is seeking an experienced Head of Compliance (SMF16) to lead and strengthen its compliance framework during a period of growth and increasing regulatory focus.
This is a senior, influential role reporting directly to the Board, with responsibility for ensuring the firm’s compliance arrangements remain robust, proportionate, and fit for a complex Lloyd’s and wholesale distribution model.
The Role
The successful candidate will take overall responsibility for the firm’s compliance function, acting as SMF16 and providing strategic and practical regulatory leadership. A key initial objective will be to undertake a full gap analysis of the existing compliance regime, identifying areas of strength, risk, and enhancement in light of regulatory expectations and the firm’s evolving business model.
Key Responsibilities
- Act as SMF16 with full responsibility for FCA compliance oversight.
- Conduct a comprehensive review and gap analysis of the firm’s compliance framework, policies, controls, and governance.
- Strengthen oversight of a growing Appointed Representatives (AR) network, ensuring effective monitoring, due diligence, and ongoing supervision in line with heightened regulatory scrutiny.
- Advise the Board and senior management on regulatory developments impacting wholesale and Lloyd’s market brokers.
- Maintain and enhance compliance policies, procedures, and reporting across the business.
- Oversee regulatory interactions with the FCA and, where relevant, Lloyd’s.
- Support, mentor, and develop the compliance team, ensuring appropriate structure and capability as the business grows.
- Embed a strong compliance culture across the organisation, balancing commercial objectives with regulatory integrity.
Key Requirements
- Proven experience as a Head of Compliance / Senior Compliance professional within a Lloyd’s broker, wholesale broker, MGA, or London Market firm.
- Approved or approvable as SMF16 by the FCA.
- Compliance framework experience
- Ability to operate credibly at Board level and influence senior stakeholders.
- Pragmatic, commercial approach combined with strong regulatory judgement.
Why Join
- Opportunity to shape and future-proof the compliance function of a growing wholesale Lloyd’s broker.
- High-profile role with genuine influence over governance, risk, and regulatory strategy.
- Supportive transition period alongside an experienced incumbent.
- Competitive remuneration