Compliance Project Support - Consumer Duty (6 month FTC)
Salary – £75,000
Hybrid/Flexible
Job Purpose:
To assist in the design and implementation of enhanced product governance and customer communication procedures to ensure compliance with the new FCA Consumer Duty.
Ideal Candidate:
The ideal candidate for this role would be an
insurance professional with experience in risk, Compliance or Operations. Knowledge of the FCA and a background in an oversight or monitoring role would be preferred.
Main duties:
Take responsibility for implementation of tasks as set out in our Consumer Duty Implementation Plan.
- Work with external regulatory consultants and the project steering committee to:
- Identify any required improvements to existing PROD processes to ensure full compliance with outcomes 1 and 2 of the Consumer Duty; and
- Design new processes as required to achieve compliance with outcomes 3 and 4 of the Consumer Duty.
- Liaise with the business and policy owners to implement and embed necessary changes to processes and policies.
- Progress monitoring and reporting.
Relevant experience required:
- Insurance regulatory compliance (preferably Including Lloyd's market).
- Regulatory change projects.
- Technical skills
- Essential
- Good knowledge of FCA regulations.
- Personal skills
- Ability to interact effectively with different areas of the business and all levels of management.