Risk and Compliance Relationship Manager Risk and Compliance Relationship Manager …

Alexander Ash Consulting
in London, England, United Kingdom
Permanent, Full time
Last application, 20 Aug 19
70000 - 90000
Alexander Ash Consulting
in London, England, United Kingdom
Permanent, Full time
Last application, 20 Aug 19
70000 - 90000
Alexander Ash Consulting
My client a leading Insurer with a global brand is currently recruiting for a Risk and Compliance Relationship Manager to join them in central London. You’ll be joining a highly dynamic and collaborative team, invested in change and ensuring controls are adhered to. The incumbent will be responsible for acting as a ‘single point of contact’ for the allocated business areas for all risk and compliance matters. Managing a team of R&C professionals supporting those business areas to ensure that the businesses have the necessary information and challenge to operate in line with relevant regulatory requirements.

Client

My client a leading Insurer with a global brand is currently recruiting for a Risk and Compliance Relationship Manager to join them in central London. You’ll be joining a highly dynamic and collaborative team, invested in change and ensuring controls are adhered to. The incumbent will be responsible for acting as a ‘single point of contact’ for the allocated business areas for all risk and compliance matters. Managing a team of R&C professionals supporting those business areas to ensure that the businesses have the necessary information and challenge to operate in line with relevant regulatory requirements. In summary, this is a senior role that must exert significant influence over the business.

 

Responsibilities

Work closely with the R&C Business Partner Director to:

  • Assist in developing the approach and structure of the R&C Business Partner team and regularly assessing and evaluating the skills and performance of direct reports.
  • Manage and develop direct reports to deliver excellent service.
  • Provide input to the team’s and department’s annual plans and operational frameworks.
  • Ensure that a robust, pragmatic and responsive approach is adopted with the business so that they see ‘one professional and insightful service’ from the R&C team.
  • Ensure that the team provides their services in a commercially aware, clear, timely and unambiguous manner.
  • Lead from the front, living values and setting appropriate standards for others.

Reporting:

  • Assist the R&C Business Partners Director with quality and timely preparation and delivery of required reporting to the various relevant governance committees across business is critical.
  • Ensure the R&C Business Partners are bringing forward all relevant issues for reporting with the necessary insight, analysis and context.

Regulators:

  • Assist the R&C Business Partners Director, Regulatory Compliance Director, Head of Compliance and CRO with the FCA relationship and project work.
  • Assist with other supervisory and regulatory relationships as required.

General:

  • Collaborating closely with the Central Compliance Team providing a joined-up approach to take regulatory horizon scanning, gap analysis and policy development to clearly interpret and communicate the required action to the business.
  • Assist the businesses in preparing and delivering FSMA s165 and s166 type activities.
  • Assist in responding to all relevant regulatory information requests and reporting across the firm.
  • Monitor business compliance with all relevant policies, frameworks, procedures and escalation standards.
  • Seek feedback from the business to enhance the effectiveness of the R&C Business Partners’ operations.
  • Assist in the creation and implementation and on-going monitoring of the annual compliance plan and risk assessment programme to ensure there is regular monitoring, review, management and control.
  • Support R&C Business Partners in conducting robust root-cause analysis for emerging events and near misses.
  • Build strong, mutually beneficial relationships with other control functions such as Internal Audit and Legal. Use this information to inform R&C Business Partners and Divisional Executive’s understanding of key risk exposures and their management.
  • Be commercial, pragmatic and practical, collaborative, strength, resilient character. Capable of assisting the business attain their objectives in a compliant way (confident, sustainable growth not growth at all costs). Have a very strong ethical compass.
  • Responsibility for working in accordance with the Risk Management Framework, and compliance with the organisational policies, including participation in the management of risks (including completion of mandatory training) that may adversely affect the business, interests or reputation of any Group Company. 

 

Skills

  • Detailed knowledge of the insurance industry
  • Excellent oral/written communication, planning, project management, networking and influencing skills.
  • Highly developed people engagement skills and ability to lead a small team of R&C professionals.
  • Experience of working in a cross functional environment.
  • Dynamic and proactive, bringing energy and enthusiasm to direct reports and the business areas alike.
  • Team player capable of collaborating effectively with colleagues both inside the R&C Department and the wider business units.
  • Confidence and credibility to face off to senior management and directors as the single point of contact for R&C.
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