Job Purpose:

To provide efficient and effective support to the Chief Risk Officer and the wider Risk & Compliance team. To lead the Advice & Guidance Team and to assist in the implementation of an effective Compliance systems and controls regime for the UK regulated entities for our client.

Key Responsibilities

Lead the team providing advice and guidance on all matters relating to compliance ensuring records of all advice and guidance given are maintained
Provide day to day advice and guidance on all aspects of regulation including the FCA Handbook including SYSC and ICOBS as well as Lloyd’s market standards
Researching, advising and responding to Business Division compliance and regulation related queries
Liaising with the Business Support Unit as needed in relation to Counterparty relationship matters and Compliance issues generally
Monitoring developments in international sanctions and trade licence requirements, analysing such developments and assessing the impact of them on the activities of the UK regulated entities of our client
Formulating recommendations to address changes in the international sanctions and trade licence arena, agreeing appropriate reaction to those changes with the Chief Risk Officer and communicating resultant updated information and/or amended business practices to Business Divisions affected
Investigation of potential due diligence screening matches referred by Risk & Compliance colleagues, Business Support Unit or Business Division personnel, assessing likely impact to trading activities and risk appetite of UK regulated entities of our client and providing appropriate advice/decision on proposed trading relationship
Review and sign off financial promotions and other marketing material, including branded on-line facilities and maintaining a register of all approvals.
Reviewing, negotiating, and agreeing TOBAs with Market Counterparties and other contractual trading arrangements or agreements with external parties, including Non-Disclosure Agreements
Managing Broker of Record transfer agreements, liaising with Business Divisions as appropriate
Develop and maintain a suite of relevant Compliance management information for onward reporting to our client's governance committees and the Boards
Work with HR and R&C to ensure that all elements of the Senior Manager & Certification Regime framework are delivered, including F&P; Self-Assessment; Conflicts of Interest etc.
Responsible for the FCA portals and ensuring that the mandatory returns are put in on time and responsible for progressing the FCA applications for Certified and Senior Managers
Escalating issues of concern affecting Risk & Compliance and/or AGRG's UK regulated entities to Compliance Officer or Chief Risk Officer as necessary and assisting in the investigation/resolution of such issues
Delivering Compliance, regulatory and best business practice related awareness training to our clients UK regulated entities as required
Deputising for the Chief Risk Officer as and when the need arises
Effectively manage direct line report staff and assist Chief Risk Officer in general day-to-day management of the Risk & Compliance team

Personal Attributes

Skills and Knowledge:

Good working knowledge of UK regulatory requirements together with awareness of developing regulatory themes and issues
Able to effectively manage workload and competing priorities, acting with limited or no supervision
Strong attention to detail and high level of accuracy
Good communication and interpersonal skills
Detailed knowledge of our clients UK regulated businesses and the Business Divisions within them
Excellent administrative and organisational skills
Ability to independently research issues and assess findings of that research
Ability to develop strong knowledge and awareness of our clients computer systems and programs, including Global XB, Word, Excel, Outlook and PowerPoint
Strong team player and able to motivate/encourage other team members
Broad awareness of the insurance industry (7+ years’ experience)
General understanding of international regulation and the need to assess its impact on our clients business operations

Key Competencies

Business Competencies:

Company and Market Knowledge Level 3
Understanding the Customer Level 2
Communicating and Influencing Skills Level 3
Management of Information Level 3
Planning and Organising Level 3
Negotiation and Persuasion Skills Level 3
Analysis and Decision-Making Level 2

Management Competencies:

Leadership Level 2
Managing and Improving Performance Level 2
Individual and Team Development Level 2
Strategy and Corporate Focus Level 1

Technical Competencies:

Compliance and financial crime Knowledge Level 3

Salary & Benefits:
Competitive

Head of Advice & Guidance Job

Introduction