Compliance Manager (Insurance)

Our client who is a leading insurance managing general agent (MGA) is looking to hire a Compliance Manager for their London office. This role reports into the Head of Compliance (Underwriting).

They work to a hybrid model of three days in the office and two from home.

Key responsibilities:

• Act as an advisor to the assigned business units, delivering technical regulatory advice, guidance, and appropriate challenge to support the business in meeting its regulatory requirements.
• Work collaboratively within the Compliance Team, providing support to other team members and proactively sharing information/learnings to benefit the wider team.
• Analyse regulatory change, determining how changes will impact the business and supporting effective implementation.
• Attend business unit and operational meetings, providing updates on relevant topics and initiatives, promoting an open line of communication between Compliance and the business, and fostering an embedded compliance culture.
• Collaborate in the development and review of policies and training to facilitate the implementation of the compliance framework and support with the integration of any changes.
• Provide compliance work stream support on group wide projects, regulatory change projects and M&A integration projects.
• Assist with the provision of information and updates to be included within Board/meeting packs.
• Review the design of new products and services to ensure they deliver good customer outcomes and meet regulatory requirements.
• Review Sanctions referrals and queries from the business, assessing applicable legislation to provide a relevant recommendation.
• Review and issue agency agreements for broker and regulatory relationships.
• Support Group Assurance team members and External Auditors to provide relevant requested information and support the timely completion of any actions points.
• Support the risk assessment process, assisting the business to identify risks, using commercial awareness to ensure risks are appropriately managed.

Experience required:

• Relevant Financial Services experience ideally within an insurance broker, insurer or MGA.
• Working knowledge and experience of the FCA and implementing FCA requirements in a meaningful
• and business led manner.
• Commercial awareness, focus on the proportionate application of regulation within the insurance.
• A good understanding delegated authorities (desirable);
• Understanding of Lloyds and London Insurance Market (desirable).

Inventum is passionate about equity, diversity and inclusion. We seek individuals from the widest talent pool and encourage diverse and underrepresented talent to apply for vacancies with us. Inventum is committed to ensuring our recruitment processes are fair to all applicants, regardless of background and personal characteristics.

Inventum Group is acting as an Employment Agency in relation to this vacancy.