Senior Compliance Officer

Our client, a leading global insurance business is looking for a Senior Compliance Officer to assist the General Counsel and the Head of Compliance in supporting the Property & Casualty Insurance Entities and Divisions in ensuring that both business-as-usual compliance requirements are fulfilled.

The ideal candidate should possess a robust background in compliance, along with relevant experience within the financial services industry.

The role is based out of the clients offices south of Birmingham and you would be required to work on a hybrid basis with some national travel required on occasion.

Duties and Responsibilities:

• Ensure day-to-day compliance with FCA and other relevant regulatory requirements.
• Assist with coordinating implementation of Consumer Duty Rules, Conduct Rules and SMCR responsibilities.
• Ensure the timely and accurate FCA and other regulatory filings, notifications, and reporting.
• Provide pragmatic advice and technical guidance and oversight to 1LOD and other business units on compliance and regulatory matters and on internal queries on compliance-related issues.
• Ensure a compliance and regulatory perspective is brought to key business forums, initiatives and projects.
• Act as a liaison with external regulators and auditors.
• Prepare documentation for regulatory inspections and audits.
• Manage external and internal audits.
• Analyse compliance and business performance management information and data to aid challenge.
• Identify potential compliance risks and escalate significant issues to senior management.
• Prepare management information, data and reports for entity boards, senior management and regulatory bodies.
• Assist in developing and updating the firm's risk register.
• Provide a key input to the group's assessment of regulatory risks as part of its ERM framework.
• Monitor and interpret regulations, regulatory changes and insurance-specific legislation and advise the business on required adjustments.
• Deliver briefings and create (where appropriate) and deliver training on key regulatory topics and issues.
• Implement, maintain and update compliance policies and procedures.
• Ensure that policies and procedures are communicated and embedded across the organisation, including through the provision of guidance and training.
• Ensure that policies and procedures are aligned with external regulatory requirements.
• Record and track compliance incidents and breaches.
• Investigate regulatory breaches, analyse and understanding the root cause and recommend appropriate action plans to the business units and to senior management.
• Delivery of compliance training sessions for staff, ensuring understanding of policies and regulatory expectations.

Requirements:

• Have excellent communication (verbal and written) and be an effective 'regulatory translator' i.e. take complex regulation and make it accessible, understandable and relevant to the business so they have clarity on what is required, and what they need to do.
• Good problem solving skills and be solution orientated.
• Strong organisational skills and attention to detail but have the ability to take a high level view.
• Possess excellent stakeholder management skills and be able to build and maintain strong relationships with the business, while also maintaining an appropriate level of professional distance.
• Have a strong understanding of the UK's regulatory regime as it applies to general insurance activities.