Compliance Manager
Posted Today by TieTalent
Negotiable
Undetermined
Remote
City Of London, England, United Kingdom
Summary: The Compliance Manager role is focused on ensuring that the MDU adheres to regulatory requirements set by the FCA and Lloyd's of London, while fostering a compliance culture within the organization. This position involves developing and maintaining a compliance framework, monitoring regulatory changes, and providing guidance to senior management and teams. The role also includes managing compliance training and overseeing the compliance monitoring plan. The Compliance Manager will play a key role in identifying regulatory risks and ensuring the firm meets its obligations effectively.
Key Responsibilities:
- Monitor, interpret, and report on FCA regulations and other relevant legislation.
- Implement and advise on the practical implications of regulatory developments.
- Maintain compliance with the FCA Handbook and other regulatory requirements.
- Develop and maintain compliance policies, procedures, and manuals.
- Review insurance materials for compliance with financial promotions and disclosure rules.
- Support the Executive in developing the ESG Strategy.
- Work with the insurance team on fair value assessments and product governance.
- Identify and assess regulatory risks, producing compliance reports for management.
- Develop and oversee compliance training and awareness programs.
- Manage the Assistant Compliance Officer and their compliance tasks.
- Assist with third-party audits and Lloyd's compliance attestation.
- Log, investigate, and report compliance breaches and member complaints.
- Provide advice on Senior Managers & Certification Regime compliance.
Key Skills:
- Experience in a compliance role within an FCA-regulated firm.
- Knowledge of binding agreements and coverholder requirements.
- Strong working knowledge of the FCA Handbook.
- Experience in interpreting regulation and implementing compliance solutions.
- Confident communicator with the ability to influence across all levels.
- High attention to detail and strong analytical skills.
- Strong ethics and commitment to protecting member interests.
- Degree level educated (desirable).
- Relevant compliance or risk certifications (desirable).
- Experience with data protection, financial crime, or conduct risk management (desirable).
Salary (Rate): undetermined
City: City of London
Country: United Kingdom
Working Arrangements: remote
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
About
Location: Remote
Contract type: Permanent
Hours: Full time
Department: Risk Assurance
Purpose of Job: To ensure the MDU complies with all applicable regulatory requirements, particularly those set by the Financial Conduct Authority (FCA) and Lloyd's of London and other key stakeholder such as third-party insurers, and any relevant legislation largely affecting insurance distribution and consumer credit activities. The Compliance Manager will lead the development, implementation, and maintenance of an effective compliance framework and culture across the business.
Key Responsibilities:
- Regulatory Environment Review and Advice
- To monitor, interpret and report on mainly FCA regulations, ESG changes, data protection with the DPO and changes impacting the firm's insurance and credit broking activities.
- To keep up to date with the legal and regulatory environment that the MDU works within e.g. Anti-Bribery, Modern Slavery, Data Protection.
- To implement and advise senior management and relevant teams on the practical implications of regulatory developments.
- To ensure the firm maintains compliance with the FCA Handbook (particularly ICOBS, CONC, SYSC, DISP, and PRIN) and other regulatory requirements such as Consumer Duty and Vulnerable members.
- To provide ongoing compliance advice to insurance teams and other departments involved.
- Compliance Monitoring and Policies and Procedures
- To develop, implement, and maintain up-to-date assigned policies, procedures, and manuals working with Risk Assurance colleagues.
- To ensure operational processes e.g. insurance reflect regulatory requirements and are embedded in business practices.
- To review and approved insurance materials for compliance with financial promotions and status disclosure rules.
- To develop, input and track the Compliance Plans and other monitoring programmes for different regulated products.
- To report six monthly on Consumer Duty Outcomes to the Underwriting Committee and Audit and Risk Committee.
- ESG Monitoring
- To support the Executive in their development of the ESG Strategy as a key member of the group and reporting on any developments that impact MDU's current approach.
- Product Governance
- To work with the insurance team on fair value assessments, broker due diligence and be an active member of the Product Oversight Group.
- To monitor product development and ensure they address consumer duty and compliance requirements.
- Monitoring and Reporting on Regulatory Risks
- To identify and assess regulatory risks, escalate concerns where appropriate.
- To produce regular compliance reports for senior management and the board, highlighting key risk areas, status against compliance plan and remedial actions.
- Training and Awareness
- To develop training and awareness plans and oversee implementation and delivering compliance training and awareness programmes across the business working in line with the Regulatory Training Policy with Learning and Development and the DPO (e.g. consumer duty, insurance distribution requirements).
- To support teams in understanding and embedding compliance within their roles across the MDU.
- Management
- To manage the Assistant Compliance Officer and develop their skills and abilities and delivery of their key compliance tasks such as file reviews and delivery of the compliance monitoring plan.
- Regulatory Engagement and Third-Party Support
- To assist with Lloyd's change, third party audits including readiness and follow up actions.
- To complete the annual Lloyd's compliance attestation
- Incident and Breach Management
- To log, investigate, and report compliance breaches and consider member complaints.
- To ensure appropriate root cause analysis, remediation and follow up.
- Governance and Culture
- To provide advice and support the firm's Senior Managers & Certification Regime compliance.
About You
Demonstrable experience in a compliance role within an FCA-regulated firm—ideally an insurance broker or Lloyd's syndicate.
Knowledge of binding agreements and coverholder requirements.
Strong working knowledge of the FCA Handbook, particularly ICOBS, CONC, SYSC, and SM&CR.
Experience in interpreting regulation and implementing practical compliance solutions.
Confident communicator with the ability to influence and engage across all levels.
High attention to detail and strong analytical skills.
Strong ethics, judgement, and a commitment to protecting member interests.
Desirable Degree Level Educated
Desirable Relevant compliance or risk certifications (e.g. ICA, CII, CeMAP, or similar).
Experience with data protection, financial crime, or conduct risk management.
You may also have experience in the following roles: Risk Manager, Regulatory Manager, Senior Compliance Officer, Compliance Director, Risk and Compliance Manager, Governance Manager, Financial Crime Manager, Conduct Risk Manager, etc.
REF-(Apply online only)
Nice-to-have skills Risk Management
City of London, England
Work experience HR Legal General Project Management
Languages English