New Role - Compliance Manager
Location: Fenchurch Street, London (4 days in office with optional day WFH)
Employment Contract: Permanent, full-time
Reports into: Head of Compliance and Risk
Salary: Circa £65-£70,000 pa + Bonus + Benefits
Company summary
Operating as an MGA and broker services platform, as well as a Lloyd’s broker and coverholder, we collaborate with established industry players and entrepreneurial start-ups alike.
About the Role:
This is a pivotal role within the compliance team, where you will take ownership of key compliance projects and develop frameworks to support both our business and MGA clients.
Key Responsibilities:
- Regulatory Compliance Oversight: Develop and implement compliance framework, policies, and procedures. Monitor and interpret relevant regulatory developments (e.g., FCA, PRA, NAIC, EIOPA) and advise the business accordingly. Update clients on compliance/regulatory changes and news.
- Governance and Risk Management: Support the Board and Senior Management in fulfilling their regulatory responsibilities.
- Monitoring, Reporting and Audits: Execute Appointed Representative’s monitoring and oversight programme. Report on compliance performance, breaches, and remediation. Oversee internal and external compliance audits.
- Product & Distribution Oversight: Review and approve new insurance products and distribution arrangements from a regulatory perspective. Ensure Treating Customers Fairly (TCF), Conduct Risk, and Product Governance requirements are met.
- Data Protection & Financial Crime: Oversee data protection compliance (e.g., GDPR).
- Training & Culture: Promote a culture of compliance and ethical conduct across the company. Develop and deliver compliance training for employees and Appointed Representatives.
Skills, Knowledge & Expertise:
- Strong generalist compliance experience from within the Insurance market
- Experience in supervising other staff members.
- Ability to develop good relationships with the firm’s clients.
- Familiarity with at least two other areas of compliance: data protection, financial crime, TOBA management, KYC/onboarding, oversight of Appointed Representatives and Introducers, drafting and implementing policies and procedures, risk assessment and management.
