Head of Compliance - London Market Insurance

Job Title: Head of Compliance - London Market Insurance
Location: London/Hybrid
Salary: up to £150,000

Overview of the Role:

As the Head of Compliance, you will be responsible for leading, developing, and maintaining the compliance function within the organisation. This is a senior leadership role that requires a proactive and dynamic professional capable of navigating the complex regulatory landscape of the Lloyd's insurance market.

Key Responsibilities:

1. Regulatory Oversight/Interaction:
   • Develop and oversee the compliance strategy to ensure adherence to Lloyd's of London regulations, the Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA) rules, and other applicable regulatory bodies.
   • Monitor developments in insurance regulations, ensuring the business is aware of and complies with emerging regulatory requirements.
   • Act as the primary point of contact for regulatory bodies and industry organisations, fostering strong working relationships with regulators.
2. Compliance Framework & Policy Development:
   • Design, implement, and update a comprehensive compliance framework tailored to the specific needs of a growing Managing Agency.
   • Draft and enforce compliance policies and procedures, ensuring they are aligned with the company's strategic goals and regulatory requirements.
   • Provide guidance and training to senior leadership and staff on key compliance issues, enhancing the overall compliance culture.
3. Governance & Ethical Standards:
   • Promote and uphold a high standard of corporate governance and ethical conduct within the organisation.
   • Advise on the implementation of appropriate governance structures and processes to support the long-term growth of the business.
   • Ensure the company's culture, business practices, and interactions with stakeholders align with the highest ethical standards.
4. Regulatory interactions & Stakeholder Engagement:
   • Work closely with other departments, including Underwriting, Claims, Finance, Legal, and Operations, to ensure a unified approach to compliance.
   • Support business development initiatives by providing compliance expertise and ensuring new business practices comply with regulatory requirements.
   • Represent the company at industry forums and events, showcasing the company's commitment to regulatory excellence.

Skills & Experience Required:

• Minimum of 8-10 years of experience in compliance within the insurance industry, with a strong understanding of the Lloyd's of London regulatory framework.
• Proven track record in leading compliance functions, preferably within Insurance.
• Experience working with UK regulators, including the FCA and PRA
• In-depth knowledge of insurance regulation and compliance frameworks specific to Lloyd's
• Strong leadership skills with experience managing and developing a compliance team.
• Excellent interpersonal and communication skills, with the ability to engage with stakeholders at all levels, including senior management and external regulators.
• The ability to influence decision-making at the Board level, providing strategic insights on compliance matters.
• Strong analytical skills, with the ability to interpret complex regulatory requirements and apply them effectively within a growing business context.

Personal Attributes:

• Strategic thinker with a hands-on approach.
• Strong commercial acumen with the ability to balance regulatory requirements and business growth.
• Highly organised, with a detail-oriented mindset and the ability to manage multiple projects simultaneously.