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Head of Risk and Compliance (Wholesale and Advisory)

Head of Head of Risk and Compliance Wholesale and Operations

Role purpose:

  • A member of the risk and compliance leadership team, supporting the Group Risk and Compliance Director in:
    • Providing expert advice to the Wholesale Division Executive Committee and leadership team on all regulatory matters.
    • Supporting the Wholesale Division Executive Committee in ensuring that key business risks are managed effectively and to within tolerance through Risk reporting to both the Group and Division Executive Committee
    • Leader for R&C operations, ensuring all internal and external reporting requirements are delivered by the team on time and to a suitable quality, and that appropriate scheduling and review is in place where internal contributions are required.

Main duties and accountabilities

  • Member of the risk and compliance leadership team responsible for providing expert advice and guidance on wholesale matters
  • Attendee at the Wholesale Executive Committee, preparation and presentation of the monthly R&C report
  • Support the Risk & Compliance Monitoring Framework, identifying areas for review, ,and supporting the Head of Compliance Monitoring in recommending appropriate actions for mitigation where required.
  • Ensuring all internal and external reporting requirements are delivered by the team on time and to a suitable quality, and that appropriate scheduling and review is in place where internal contributions are required including updates to the risk registers/risk reporting provided by the R&C Heads of the Retail and Franchise Divisions
  • Oversight of the key control framework for compliance operations, including scheduling of control reviews.
  • Provide regular reports, including a summary of review results, identification of themes and commentary on progress of actions for the Executive Committee/Group Risk Committee, as appropriate.

Competencies and qualifications

  • Extensive experience of working in a general insurance wholesale risk and compliance function
  • Deep knowledge of compliance in a Lloyds/London Market environment (including operation of TOBAs, binders, Bordereaux, etc.)
  • Team management experience preferred.
  • Wider experience in insurance broking or MGAs an advantage.

Knowledge required:

  • Strong knowledge and experience of the UK wholesale insurance market.
  • Knowledge and experience of a broking environment.
  • Knowledge of the MGA environment.
  • Strong knowledge and experience of UK regulatory requirements.

Skill requirements:

  • Excellent verbal and written communication, including report writing.
  • The ability to gather information, diagnose it and identify issues and solutions.
  • Ability to see more than one solution to a problem and to identify the best option for the business.
  • The ability to work constructively with colleagues and team members.
  • Computer literate, strong Excel and MS Word skills.
  • Ability to use business analytics tools.
  • Strong analytical skills

Competencies:

  • Personal drive, motivation and enthusiasm to make a positive difference to the business
  • Knowledge of products, systems, the market, legal and regulatory requirements necessary to fully undertake the role
  • Strong ability to gather information, diagnose it and identify solutions, demonstrating flexible thinking by challenging the present and being prepared to consider different approaches and perspectives.
  • Strong ability to work constructively with colleagues.
  • Demonstrates ongoing commitment to providing first class service to customers, demonstrates appropriate market awareness and adherence to regulatory requirements.

Visit the IDEX Consulting Ltd website for further opportunities. We value diversity and always provide guidance based on merit. Please note that the information supplied may be retained for up to 3 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy.

Head of Risk and Compliance (Wholesale and Advisory)

London, UK
Full time
Compliance
Commercial Insurance
37288_1655215913

Published on 06/14/2022

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