A successful international legacy businesses consolidator within the non-life insurance and reinsurance sector. The UK based group companies comprises of a holding company, a services company and 3 PRA regulated insurers. They are looking for a regulatory compliance expert to pro-actively ensure that the UK companies comply with regulatory and conduct risk requirements and manages current and forthcoming compliance risk across the UK and prepares appropriately. It is a role that functions closely with the CEO's of the UK entities, the Group Head of Compliance, UK Compliance and Regulatory Compliance officers, the Boards, Local and Group Legal Functions and Chief and Local ERM Officers. Key responsibilities include: To ensure that the UK's Compliance risk controls comply with applicable laws and regulations, including meeting the internal Group Compliance Framework, to produce an effective second line of defence for the UK across its core areas of business activity: insurance and reinsurance run-off, current and future M&A activity, significant asset management, and day-to-day staff/office administration Maintain oversight and updating of local UK operating subsidiary level Compliance Risk Registers and working closely with Group colleagues to share information Oversee progress of annual Compliance Plans to record risk-based activity for the coming year and contributing to development of and progress of the Group Compliance Plan Undertake monitoring of conduct and regulatory compliance risks as part of an annual compliance monitoring plan and as such conducting risk based ad-hoc reviews to verify controls remain robust and achieve risk ratings in line with expected risk levels Verify the practical application of regulatory compliance governance process including business conduct procedures, policies and procedures, staff guidance manuals and reporting through reviews, against applicable law and regulations and implement changes where needed Assisting the UK Head of Compliance in collating and producing MI for presentation to the UK Boards of Directors as well as contribute when required to Group level formal / ad hoc reporting Keep abreast of regulatory/conduct developments affecting UK Compliance Risk, assess impact on the UK and the broader Group Compliance Framework and promulgate Assist current Regulatory and Compliance Heads to co-lead regulatory compliance change projects concerning asset management, M&A and run-off integration, producing high quality analysis, managing stakeholders, and delivering timely advice, guidance and training to employees Maintain effective communication with the CEO's of the UK entities and the UK boards and board committees Manage the governance process with the development of an appropriate set of tools for oversight, testing and reporting and ensure appropriate documentation is provided to regulators, including, SMCR filings, Solvency II and ORSA documentation Identify, define and execute Compliance Policies and Procedures, updating them as needed as part of the local and Group Compliance Plan including implementing training plans and updating the local training strategy Advise other risk holders as required i.e. local and Group management including staff across all 3 lines of defense Oversee the maintenance of PRA/FCA correspondence records Candidate Profile This role will suit an ambitious individual keen to take their career to the next level toward a full Compliance Officer SMF16 position At least 8 years of non-life re/insurance market with significant run-off experience of which 4 should be in a solid and proven practical conduct/regulatory compliance role and regulatory liaison experience A degree in law or finance A compliance certification i.e. from the ICA A solid understanding and knowledge of the UK insurance and reinsurance markets and regulatory frameworks including prudential requirements covering capital resources, valuation of assets, operational risk, annual returns etc. and all reporting requirements Accountability - takes responsibility and ownership for decisions, actions and results Business minded approach Strong attention to detail, execute all responsibilities with due care and diligence Strong organizational skills with the ability to priorities and manage a range of tasks Excellent team player Able to tackle the uncertainty that comes with the changing regulatory environment Strong written and verbal communications and report writing skills to support findings and positions