Role

We are looking to recruit an experienced Compliance Officer to ensure our Company
adheres to its legal and regulatory standards as well as its own in-house policies. The goal
is to preserve the Company’s integrity by ensuring it continues to operate in a lawful,
ethical and commercial manner and all times to protect our insurer.

Requirements

A successful Compliance Manager must have the following attributes:

• A successful Compliance Officer must have the following attributes:
• A degree in law, finance, business administration or related field;
• Certified compliance professional in the insurance industry is essential;
• Proven experience as compliance officer;
• An in-depth knowledge of the industry’s standards and regulations;
• Excellent knowledge of reporting procedures and record keeping;
• A business acumen partnered with a dedication to legality;
• Methodical and diligent with outstanding planning abilities;
• An analytical mind able to “see” the complexities of procedures and regulations; and
• Excellent communication skills

Responsibilities

With the support of the Directors of the Company and an external compliance consultant company the Compliance Manager will have responsibility for the following:

Insurance regulatory activities

• To be the first point of contact for all compliance issues;
• Be the lead on insurance regulatory issues and where required, to obtain advice from local lawyers and/or third-party consultants;
• Lead applications for new insurance authorisation e.g. Insurance brokerages, insurance agencies;
• Ensure compliance with all relevant insurance authorisations;
• Develop and implement compliance audit/monitoring programmes for all members of staff; and
• Regularly review and report on key data from programmes for compliance purposes

External facing activity

• Liaise with regulators and external authorities as appropriate
• Liaise with our insurer in relation to compliance matters

Internal facing activity

• Preparation of compliance reports to management and to the board
• Cascading relevant information to personnel and overseeing appropriate training
• Periodic reviews of operational activities and controls including outsourced
  services
• Oversee annual CPD requirements and to co-ordinate relevant training and
  guidance in this area in conjunction with the HR director.
• Actively participate in management training, including new starter induction
  programmes;

Drafting

• To review and update the various Terms of Business Agreements, on an annual basis
• Draft customer terms and conditions and lead input by commercial colleagues into these
• Provide regulatory input into client agreements on compliance matters, where required

Product governance

• Undertake a review of existing products and services and related materials on at least an annual basis

Risk management

• Lead and implement the risk management function within the Company

Develop/Design

• Review, modify or draft company policies, procedures and action plans or operating
• guidelines to comply with applicable regulations;
• Develop a compliance plan for the various departments to include its implementation and management;
• Assess the company’s future ventures to identify possible compliance risks;
• Assess product, compliance, or operational risks and develop risk management
  strategies;
• Assess the possible impact of any regulatory development on the operations of the business and ensure the business remains compliant;
• Design or implement improvements in communication, monitoring, or enforcement of compliance standards;
• Evaluate testing procedures to meet the specifications of environmental monitoring programs

Ad Hoc 

• Review and assist with sign off on financial promotions and advertising literature for the company, Appointed Representatives and agents, reinforcing core compliance values across the business;

• Provide advice and guidance on how to remain compliant within appropriate current FCA, PRA, DPA/GDPR and Financial Crime regulations including Financial Sanction requirements for the UK while ensuring that the strategic developments of the business are met;

• Report violations of compliance or regulatory standards to duly authorised enforcement agencies as appropriate or required; and

• Remain informed regarding pending industry changes, trends, and best practices and assess the potential impact of these changes on organisational processes.