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Compliance Lead - Business Insurance

Job Title: Compliance Lead - Business Insurance
Contract Type: Contract
Location: Reading, Berkshire
Industry:
Salary: Negotiable
Start Date: A.S.A.P
Duration: 6 months+
REF: AC/0026634_1629880924
Contact Name: Amanda Cager
Contact Email: amanda.cager@projectpeople.com
Job Published: 3 months ago

Job Description

We are looking for a Compliance Lead that can focus on Business Insurance to work for a high profile, well loved brand within the telecoms sector that also offers flexible working from the office when everything gets back to normal.

This company are leading their industry in terms of change and delivering amazing experiences for their customers and their Legal, Government & Regulatory Affairs team use their expertise to support it all.

Reporting to the Lead Financial Services Compliance Specialist (Insurance), the Compliance Lead (Business Insurance) will provide specialist, practical regulatory guidance and support, to ensure that this company have the right policies, processes, procedures and controls in place to operate in line with its legal and regulatory obligations under the FCA regime.

What the role will be doing:

  • Work closely with the IT transformation programme, you'll be required to support in designing appropriate and effective controls to ensure our business-to-business general insurance product operates in line with regulatory expectations and is designed to deliver fair customer outcomes, end-to-end
  • Work collaboratively with colleagues in the Legal team and the wider business to facilitate that legal and regulatory changes impacting the business insurance product are effectively identified and implemented.
  • Review / provide guidance on the development of compliance related policies, procedures, processes and controls to facilitate compliance with applicable financial services laws and regulations.
  • Support the business with FCA compliance related issues so that issues are being appropriately identified, investigated, managed and resolved.
  • Prepare relevant compliance reporting to meet both internal and external requirements.
  • Engage with 1st / front line operational business teams to drive compliance awareness and improvements, as well as good outcomes for our customers.

What experience do you need:

  • Strong understanding of business-to-business insurance regulation and best practices.
  • Subject matter expert in financial services compliance and regulation with significant experience in financial services - essential. Including: knowledge of, and ability to analyse, understand and apply financial services regulation and FCA handbooks - e.g. Insurance Distribution Directive, Regulated Activities Order, ICOBS (in particular GI products), SYSC, DISP, PROD etc.
  • Understanding of conduct risk management best practices and what it means to deliver fair customer outcomes across an insurance product customer journey.
  • Strong communication and interpersonal skills are essential. You'll be a people-person who is skilled at explaining regulatory requirements in practical terms, and at building and maintaining relationships with internal and external stakeholders. Strong report writing skills are also essential.

For finer details on the role please contact Amanda Cager - Amanda.cager@projectpeople.com - 07796 302988.

Project People is acting as an Employment Business in relation to this vacancy.