Our Client is now looking for a professional to join their team as a Head of Compliance in the Insurance Sector.

 Key Responsibilities:

• GFSC Compliance Function Holder.

• Responsible for all aspects of the company’s regulatory and legal obligations, ensuring continuous adherence and appropriate monitoring to substantiate compliance.

• Develop and fully manage a risk-based compliance programme across all business functions.

• Ensure an appropriate Compliance Monitoring Programme is in place and operational, with all activities fulfilled correctly and on time.

• Provide compliance advice/approval to business functions in an efficient and effective manner.

• Keeping detailed records of all compliance approvals provided.

• Provide the senior management team and Board with information and guidance on legal and regulatory obligations.

• Advising senior management in a timely manner about FCA/GFSC related issues and other regulatory issues, as well as any changes to the FCA/GFSC regulations.

• Ensure all GFSC requests are responded to appropriately and in a timely manner.

• Ensure all appropriate notifications to the GFSC are made and that such notifications are made in an accurate and timely manner.

• Manage regulatory reporting, including ORSA, SFCR and RSR.

• Ensure activities comply with company procedures and FCA/GFSC requirements, and appropriate monitoring and record keeping is in place to substantiate the same.

• Manage conduct risk programme.

• Maintain and regularly review the company’s risk management system, including the risk register, and corresponding policies.

• Ensure ongoing compliance with relevant Data Protection legislation and maintain reporting on the same.

• Manage the Product Governance framework in collaboration with relevant business functions, ensuring adherence to IDD and regulatory product requirements.

• Manage Audit, Risk and Corporate Governance committee meetings, providing relevant reporting.

• Support an environment that balances innovation and compliance to result in a can-do culture.

• Manage procedures to ensure existing products and services and related materials are reviewed on a regular basis.

• Keep up to date with industry knowledge to ensure appropriate competency levels are maintained including, keeping abreast of FCA/GFSC and other applicable regulatory developments.

• Compile identified issues, reports, process narratives, and other documents to report and effectively discuss findings with business stakeholders.