Director, UK Compliance 14 months FTC - A.M. Best Europe - Rating Services Ltd - #2112084

Overview

As the Director, UK Compliance, you will be responsible for ensuring the organisation meets regulatory requirements across multiple regions, while advising leadership, managing compliance risk frameworks, maintaining policies, and acting as the primary interface with regulators. You will primarily be responsible for activity that provides assurance to the Board of A.M. Best Europe Rating Services Ltd. AMBERS (AM Best's FCA registered entity) that the Company is complying with relevant CRA Regulation and industry legislation.

This role is an interim role to provide maternity leave cover for a period of circa 14 months. The role is not currently subject to the UK Senior Managers and Certification Regime (SMCR).

You will r eport to the Senior Managing Director, Risk and Compliance

Responsibilities

Advisory

• Maintain a thorough understanding of relevant laws and regulatory requirements in the jurisdictions where AMBERS is licenced (e.g. UK, Kenya, DIFC etc.), working with the Senior Managing Director, Risk and Compliance to provide advice and guidance.
• Provide advice in relation to potential development of products and services.
• Work with direct report to ensure compliance training is provided to employees.

• Support and oversee the implementation of the compliance monitoring programme, identifying, assessing, monitoring and reporting all material compliance risks.

• Provide periodic and ad-hoc information and reports to regulators as required.
• Provide regular reports to the AMBERS Board to give assurance that the business is meeting its regulatory objectives.
• Provide timely management information on compliance and regulatory issues to senior management including advice on remedial steps.
• Develop and maintain local legal and compliance policies and procedures to comply with statutory and regulatory requirements.

• Communicate with regulators in respect of compliance issues.
• Take a leading role in preparing for meetings and inspections with regulators and to review and provide input on relevant Consultation Papers.

• Manage and support a direct report, providing oversight and guidance, conducting performance reviews, setting objectives and having regular 1:1 meetings.

• A compliance / regulatory professional with a broad range of skills (including compliance monitoring, risk assessment, and advice) possibly gained from working in a small organisation or the subsidiary operation of a larger group.
• Experience of working within financial services sector (ideally within either the insurance or CRA sector) is required
• Communicating with regulators, including preparing for meetings and inspections with regulators.
• Excellent verbal and written communication skills with the ability to clearly and confidently express observations and recommendations.
• High level of accuracy and attention to detail.
• Strong organisational skills and ability to manage multiple tasks simultaneously.
• Educated to degree level, ideally with a legal background or related subject.