Back to Job Search

Job Description

Due to continued growth and expansion, this global intermediary is looking to hire a seasoned compliance professional to manage and oversee their growing Central Regulatory Interaction Function.

This role sits within their Central Compliance function which provides support across their group and includes their UK&I, Speciality, and Reinsurance entities. This team will be managing interaction with all applicable regulators for all regulated entities including submissions and returns, applications, overseas licenses, information requests and fixed supervision communications. The key focus will be interactions with FCA, but also interactions with other regulators.

Key Accountability's include:

  • Prepare, coordinate and manage interaction with all applicable regulators, particularly FCA, ensuring consistency of message across regulated firms.
  • Focal point for our UK wide FCA communication.
  • Prepare for Fixed Portfolio FCA supervision.
  • Understanding of overseas licenses requirements.
  • Coordinate responses to all FCA thematic and other information requests.
  • Central recipient/focal point for FCA contact in relation to returns; liaison with relevant stakeholders when queries received from regulators.
  • Coordinate and oversee submission of regulatory application submissions
  • Oversight and submission of regulatory returns and attestations, using a risk-based approach to quality assurance of certain returns, and requesting changes or points of clarity from our business entities.
  • Review submission requirements and challenge Regulator when returns incorrectly allocated.
  • Request MI from for overseas business and identify possible risks.
  • Monitor overseas business against licenses in place.
  • Notify all regulated firms of regulatory requests and consider consistency.
  • Remind entities and pillars of upcoming regulatory deadlines, and chase for information or confirmation of submission on deadline day.
  • Overseas license applications and maintenance.
  • Manage external advice, if required, and disseminate advice obtained.
  • Make available new/updated overseas license guidance and requirements.
  • Remind our entities of upcoming license renewals and to request required information.
  • Develop consistent approach to the allocation of SM&CR roles and responsibilities within the entities.
  • Develop consistent application support materials (MRMs, SMCR forms etc).
  • Establish process across our business entities to only act on license requests that are subject to approval processes (inc commercial and regulatory risk assessment).
  • Issue guidance on application process and initial/on-going costs for licenses.

Knowledge & Experience required:

  • Experience working in a second line compliance role within a non-life insurance broker / insurer.
  • International level of experience in Licensing Applications, desirable but not essential.
  • Experience of regulatory reporting and the use of FCA systems such as RegData and Connect.
  • Previous experience of managing other compliance professionals (not essential)
  • Experience of working with senior management.
  • Good knowledge of FCA requirements specifically relating to Non-life insurance products within ICOBs (MCOBS & COBS, desirable but not essential).
  • Good knowledge of the FCA handbook including - SUP, MIPRU, ICOBS, CONC, SYSC.
  • Good knowledge of the application of SM&CR.
  • Good knowledge and understanding of insurance, principles, products and services.

*Hybrid working/multiply UK locations*

Eames Consulting is acting as an Employment Agency in relation to this vacancy.