Newly created role working for this specialist insurer. Providing compliance support to their Lloyd's Syndicates and Bermuda business you will drive the Business' understanding of regulatory risk and establishing control frameworks where necessary. To be successful in this role you will have a proven track record in compliance across insurance regulatory matters across Lloyd's and Bermuda businesses, including Sanctions and Financial Crime, Conduct Risk, Insurance Distribution Directive, International Licensing, Lloyd's requirements and Systems of Governance and proven managerial skills.
Key responsibilities
- Developing and managing relationships with stakeholders at all levels of the business and playing a lead role in embedding a good compliance culture
- Providing oversight and developing the business' understanding of regulatory risk
- Identifying commercially viable solutions to the application of regulatory requirements
- Monitoring and communicating regulatory change and actively influencing the business to establish control frameworks
- Providing regulatory SME support to projects and change initiatives
- Leading on the co-ordination and business support for regulator information requests, reviews and regulatory returns
- Responding to the business' day to day regulatory queries
- Investigating sanctions referrals and providing monitoring and assurance
- Supporting the wider compliance team (e.g. team initiatives, weekly sanctions screening)
- Leading by example, driving the development of the team, its processes and approach
- Potential for a direct report
Person Specification
- In depth knowledge of and experience in insurance is essential, particularly in the London insurance market
- Excellent written and verbal communication skills, particularly "soft" influencing, persuasion and consultancy skills and an ability to encourage business leaders to positively respond to questions, requests and challenges
- Sound judgement and the ability to solve problems and identify commercially viable solutions
- Ability to gain respect with stakeholders at all levels by understanding their business
- A broad knowledge of key PRA, FCA, Lloyd's and BMA insurance regulatory topics, and ease with complex and technical regulations
- Experience in driving through regulatory change
- Detailed knowledge of economic sanctions, including controls, investigation, assurance and monitoring
- A keen eye for detail
- Proven skills in workload management, including multi-tasking, appropriate delegation of work, monitoring progress and re-allocating work where needed
- The ability to actively manage work performed others, ensuring appropriate oversight and delivery of work while avoiding micro-management
- Proven skills in developing the knowledge and skills of others, including the use of coaching and teaching styles of communication as appropriate
- The ability to manage performance effectively including agreeing objectives, and understanding staff motivations to instil a positive team spirit, trust and engagement
- Significant emotional intelligence and self-awareness, with the ability to resolve issues within a team in a judicious and empathetic manner
If you are interested in this role, please apply below or contact me for more information.
Eames Consulting is acting as an Employment Agency in relation to this vacancy.
