Head of Compliance opportunity working with a top performing specialty insurance group operating within the Lloyd’s Market. You will lead and maintain the day-to-day running of the compliance team and group’s compliance framework, ensuring regulated entities meet PRA, FCA and Lloyd’s regulatory requirements.
Key Responsibilities:
- Lead and oversee the Group’s compliance framework.
- Monitor compliance with FCA, Lloyd’s, financial crime, and prudential requirements, including Solvency II.
- Provide regulatory advice and guidance on regulatory interpretation, change management, and emerging compliance developments.
- Oversee regulatory submissions, notifications, returns, and correspondence across UK and international operations.
- Support the Data Protection Officer and oversee compliance aspects of data protection systems and controls.
- Lead the development and operation of the Group’s Sustainability Framework in line with evolving legal and regulatory requirements.
- Act as the Group’s primary regulatory contact, maintaining strong relationships with regulators and Lloyd’s.
- Maintain and enhance compliance policies, procedures, systems, and controls to effectively manage regulatory risk.
- Deliver a risk-based compliance monitoring plan and report findings, recommendations, and remediation actions to management and Boards.
- Produce compliance MI, Board, and committee reporting to support effective governance and decision-making.
- Lead the Group’s Conduct Risk Framework and Product Governance Working Group to support positive customer and client outcomes.
- Oversee the Senior Managers & Certification Regime, including accountability, fitness and propriety, and regulatory references.
- Promote a strong compliance culture while providing pragmatic, commercially focused support to the business.
- Lead and develop the compliance team, building effective relationships with senior stakeholders and regulators.
- Hold SMF16 (Compliance Oversight) responsibility for an overseas entity, with accountability for the effectiveness of the compliance framework.
- Undertake additional duties as reasonably required.
Key Skills and Experience:
- Senior compliance experience within the UK insurance industry, with experience of working in the Lloyd’s and London market.
- Strong knowledge of PRA and FCA regulation and, Lloyd’s supervisory requirements.
- Working knowledge and experience of Solvency II.