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Compliance Advice Manager

Employer
Towergate Underwriting Grp Ltd
Location
South East London, UK
Salary
Competitive
Closing date
May 26, 2019

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Job Role
Compliance Accountant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
With 80 local offices, over 2000 team members and over 100,000 clients, Towergate Insurance Brokers has the largest footprint and biggest salesforce in the UK. We're community brokers and risk experts backed by the scale and spirit of the UK's largest independent broker. We've got big ambitions for the future - join us for the journey and make your mark on the local community. Purpose of the Role The Insurance Broking segment is a large, complex and diverse business covering the full range of regulated activities to clients and customers for all general insurance lines (both commercial and personal) using all distribution methods. A second line of defence role responsible for the oversight of forward-looking events (policy, horizon scanning for regulatory and legislative change, guidance on regulatory change projects) and providing advice and guidance in the context of business and regulatory change. To oversee the control and co-ordination second line advice on regulatory change across the segment and for approval of client/consumer facing real time and non-real time communications. To provide advice and guidance on regulatory matters and policy interpretation as recognised technical expert across a range of broad elements of the FCA's Handbook. Key role Responsibilities Drawing on previous considerable experience and understanding of financial service regulations ensure that business changes are dealt with in a way that remains compliant with new and existing legislative requirements and in a way that drives good outcomes for customers/clients. Regulatory and legislative change oversight co-ordination across the segment Regulatory policy analysis and communication of regulatory change across the segment with appropriate tracking and reporting mechanisms to ensure delivered by the business All oversight of projects implementing new requirements or changes Co-ordination of oversight for the controls of all financial promotions and marketing material (including all scripts and guides) Co-ordination of oversight for the controls of all incentives by client/customer facing staff Maintenance and compliance ownership of group policies and business standards Demonstrate evidential basis of compliance with group policies and business standards Product oversight/sign off and governance Assisting in preparing all interviewees for PE meetings and logistics for on-site FCA work Take the lead on disseminating thematic and enforcement learnings and driving any necessary change arising from the learnings SMCR implementation oversight (guidance) Segment Board, Risk & Audit Reporting Regulatory change impact horizon scanning Identification of risks and controls exercising accountabilities Qualifications & Experience Extensive knowledge of the FCA's rules (all areas relevant to general insurance intermediation) with prior experience of interpreting and applying this knowledge into a general insurance product lifecycle. Relevant industry qualifications or considerable experience in the regulation of general insurance intermediation. Person Specification You will be commercially aware, structured and methodical in your approach. An excellent administrator who achieves tasks to a high standard efficiently. You will be prudent, inquisitive and analytical in order to able to develop and deliver pragmatic solutions. You will possess excellent communication skills both written and verbal and you will possess the gravitas necessary to work with a wide variety of stakeholders across the business. Resilience, perseverance, drive and a pro-active nature are required. Must be an excellent communicator and able to influence at a senior level. This job was originally posted as www.totaljobs.com/job/86423192

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