Group Head of Compliance

Job Purpose: 

Developing, promoting and leading, Group’s financial services Compliance function. Responsible for the strategic development to ensure that the business fully understands the financial services regulatory, and consumerist environment(s) within which it operates and is made aware of forthcoming changes that may impact on the business, its customers and its strategic goals.

Leading the regulatory risk oversight assurance to the Group and Regulated Entity Boards and their Audit, Risk and Compliance Committees.

Supporting the Group Chief Risk Officer (GCRO) in developing and promoting a positive open relationship with the financial services regulators.

Accountabilities and Activities:

Regulatory Oversight and Assurance

The Group Head of Compliance (GHOC) is to provide oversight assurance to the Group and Regulated Entity Boards (REB) and Group Audit Committee and REB Audit, Risk and Compliance Committees (ARCC) on the robustness of the compliance framework across the Group.

Reporting to GCRO, REB ARCC and/or REB on: implementation and progress of the risk based Compliance Plan; significant loss/risk events identified in Group operations; and the effectiveness of the Group’s compliance framework.

Reporting to the GCRO, on compliance and developmental / strategic issues; managing the Compliance and Policy Development function and carrying out any other tasks as briefed.

Regulatory Consultation

Providing specialised support, on a consultative basis, to all relevant Group and BUs as required. Developing and maintaining a good understanding of the insurance environment by monitoring key regulator, trade and media publications and market analysis using the information obtained to anticipate future market trends, identify potential new market areas and possible gaps in our policy and procedures.

Regulatory Management

The GHOC is responsible for supporting the GRCO in developing an open and constructive relationship with the Financial Services Authority (FSA) and local financial services regulators across the Group.

Compliance Network

The GHOC is responsible for providing leadership to a global network of compliance professionals across the Group to facilitate learning, share information, drive best practice and coordination of group wide compliance initiatives.

Liaison with Group companies on local arrangements supporting the Compliance Policy; including, the: Provision of advisory assistance on regulatory issues; and driving the good practice identified in the Group’s arrangements for compliance.

Liaison with Group Internal Audit, Legal, Financial Crime and Risk and BU Compliance teams, on Group monitoring and assurance arrangements for compliance and financial crime, particularly with regards to significant loss/risk events.

Qualifications, Training and Experience:

Comprehensive compliance knowledge with demonstrable success of operating at senior level within the financial services sector, or insurance industry

Comprehensive understanding of the political, legislative, regulatory, compliance and consumer environments affecting  the United Kingdom, particularly insurance. Good understanding of the general insurance / services market place and awareness of key competitors

Strong interpersonal, communication and negotiation skills, with emphasis achieving results and successful outcomes through consultation and conciliation

Objective, analytical and lateral thinking with a ‘can-do’ attitude

Strong track record of man-management and managing teams.

Demonstrable media skills

Associate of the Chartered Insurance Institute (ACII), or studying towards the ACII qualification; Educated to degree level.

 

 


Job Code:

SH77869

Salary:

Circa £100k + Benefits

Employment Type:

Permanent

Location:

London

or call Simon Hockridge on
01422 379 004 (4 lines)