Head of Compliance Job Market: Compliance / Insurance Head of Compliance: About the role A unique, specialist, Lloyd's wholesale and retail broker is looking to recruit a Head of Compliance to join their successful team based in London. Responsible for supporting the Compliance Director in ensuring compliance with all relevant regulatory principals and requirements. Including, monitoring all aspects of the firm's regulatory obligations, reporting to the Compliance Director on the status of compliance within the firm, non-compliance or notifiable breaches. Ensuring all employees are aware of their compliance obligations and providing all compliance training. Head of Compliance: Key requirements Keeping up-to-date with regulatory developments Supporting the Compliance Director in advising senior management in a timely manner about: FCA related issues and other regulatory issues Any changes to the FCA regulations Co-ordinating and producing the Annual Compliance Plan for approval by the Compliance Director and submission to senior management Co-ordinating and producing the Annual Compliance Review for approval by the Compliance Director and submission to senior management Supporting the Compliance Director is ensuring the company responds appropriately to requests for information from the FCA Supporting the Compliance Director in ensuring that all appropriate notifications to the FCA and that such notifications are made in an accurate and timely manner, including: Retail Mediation Activities Return (RMAR) Complaints Return Changes to Standing Data Appointed Representatives annual report Any changes in Approved Persons, controllers or close links Material breaches Supporting the Compliance Director in ensuring that activities comply at all times with; Its own internal procedures FCA requirements Reviewing on an on-going basis that reporting lines to ensure any changes in personnel are reflected in relevant documentation and communicated to all staff Knowledge and experience in the following areas:
• Approved Persons
• Compliance monitoring
• Systems and controls
• Selling practices
• Complaints handling
• Stationery, financial promotions, websites and Terms of Business
• Training and Competence Head of Compliance: Key requirements Insurance qualifications e.g. CII The Head ofCompliance is required to have detailed knowledge of the FCA's rules and the business as well as the ability to support and influence colleagues in relation to their direct compliance responsibilities.