Insurance - Compliance Framework Buildout - £600 pd Contract

Position Overview: We are seeking a talented and experienced Compliance Framework Buildout Consultant to join our client on a 6-month contract basis. In this role, you will play a pivotal role in developing and enhancing the Compliance Framework for a new product to ensure alignment with regulatory requirements and industry best practices.

Key Responsibilities:

• Collaborate with key stakeholders to assess current compliance policies, procedures, and controls.
• Design and implement a comprehensive Compliance Framework tailored to the specific needs of our insurance business.
• Conduct gap analyses to identify areas for improvement and develop strategies to address deficiencies.
• Draft and update compliance policies, manuals, and guidelines in accordance with relevant laws, regulations, and industry standards.
• Develop and deliver training programs to educate employees on compliance requirements and promote a culture of compliance awareness.
• Establish monitoring and testing protocols to assess the effectiveness of compliance controls and identify potential risks.
• Provide ongoing guidance and support to business units on compliance-related matters and regulatory developments.
• Prepare regular reports and presentations for senior management and regulatory authorities as required.

Qualifications:

• Proven track record of designing and implementing Compliance Frameworks in a regulated Insurance environment.
• In-depth knowledge of relevant regulatory requirements, including but not limited to Solvency II, GDPR, IDD, and FCA regulations.
• Strong analytical skills with the ability to assess complex regulatory issues and develop practical solutions.
• Excellent communication and interpersonal skills, with the ability to engage effectively with stakeholders at all levels of the organization.
• Self-motivated with the ability to work independently and manage multiple priorities within tight deadlines.