Job Description

Due to continued growth, our client a global insurance group is seeking a seasoned compliance monitoring professional to lead their central monitoring function covering their UK&I and speciality businesses.

Managing and oversee a Central Compliance Monitoring Function this team will be responsible for providing our UK Governance Committees with regulatory risk profiles of each business entity, providing a view of the regulatory risk landscape to regulators, relevant management information to the CCO and the Senior Management, while developing a central Monitoring Plan in collaboration with Internal Audit.

Key Accountability\'s include:

• Present agreed monitoring metrics to present overarching regulatory risk view across all regulated entities.
• Prepare reports for Compliance to include in their own Governance Packs, where this relates to MI, data or reviews undertaken solely or in the first instance by Central Compliance.
• Review Regulatory and Governance Committee Packs to identify any other key matters of interest, emerging risks, trends etc.
• Collaborate / coordinate to define the MI and monitoring results that should be provided centrally, seeking consistency where possible.
• Investigate metrics and data available across UK business to determine what regular regulatory risk profiling and testing can be undertaken centrally.
• Review reporting and understand regulatory performance, key emerging risks, trends etc.
• Where any risk indicators are identified, liaise with the individual Pillars to verify the results and consider if action required.
• Develop strategic approach for enhancing data monitoring capabilities.
• Undertake UK-wide thematic reviews for key regulatory risks, either planned or in response to increased risk profiles, downward trends, incidents or regulatory requests/focus.
• Plan annual schedule of thematic reviews
• Liaise with Core Compliance stakeholders as required, in order to scope, complete and report on thematic or investigatory reviews.
• Deliver thematic reports and results which provide collective view across UK entities as a whole, but also provide insight in respect of each entity and each regulated entity in scope of any review.
• Establish a Terms of Reference for central monitoring reviews.
• Establish a scoping process for thematic reviews.

Knowledge & Experience:

• Experience working in a second line financial services compliance role.
• Experience of operating in a monitoring or audit role of a financial services firm.
• 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 - PRIN, SYSC, SUP, ICOBS, CONC & SM&CR
• Previous experience of managing other compliance professionals (not essential)
• Educated to a minimum of \'A\' level standard.
• Strong regulatory focus.
• Strong planning, organisational and time-management skills.
• Influencing skills in securing buy-in to recommendations.
• Pragmatic - able to determine how regulatory requirements should be translated into business processes
• Ability to build effective relationships with senior managers and other key stakeholders
• Ability to diagnose problems quickly and have foresight into potential issues.

*HYBRID working and flexible UK locations*

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

Eames Consulting