Compliance Manager

Job Description

Compliance Manager

Northamptonshire

Salary up to £65,000

The successful candidate will be reporting to the Managing Director and be part of the Senior Management Team.

This is a newly created role to join an Insurance Broker who have exciting growth plans for the future.

Compliance Framework

Review current policies and procedures in line with regulatory framework to include:

1. Updating Senior Managers and Certification Regime (SMCR) roles & responsibilities
2. Updating Regulatory Business Plan
3. Update Business Continuity Planning (BCP)

Create annual compliance monitoring plan:

1. Annually review policies and update versions as and when necessary
2. Maintain version control documents
3. Conduct checks/audits to ensure policies are being adhered to
4. Provide second line of defence checking managers file checks
5. Report on findings and provide recommendations for improvements/changes in procedures/policies

Attend compliance webinars to keep up to date with new and changing regulation.

Attend Insurer audits if required and respond to Insurer audit requests.

FCA Reporting / Authorisations

As and when required support colleagues processing FCA applications.

Maintain a diary for FCA reporting requirements.

Complete/support colleagues submitting FCA reporting.

Meetings

Attend Monthly Manager/Director Meetings

1. Discuss current processes and procedures and highlight any issues
2. Discuss upcoming compliance/regulatory changes
3. Discuss/Agree any potential changes in procedures/scripts/letters

Consumer Duty

Create reports & Update Consumer Duty Information in line with FCA guidelines

1. Not Taken Up (NTU) Cancellation within 14 days
2. Retention
3. Vulnerable Customers

Add reporting MI to Consumer Duty Information