Group Conduct Officer/ Business Partner

Job Description

Group Conduct Officer/ Business Partner

Job Market - Insurance Compliance

Job Location - London


Group Conduct Officer/ Business Partner - About the role

Aiding the understanding of Conduct regulation and its application across the group. This is accomplished through regular and close contact with the business by:

providing guidance and advice on existing and future regulation and regulatory policies and frameworks;

delivering briefings and training on key regulatory topics and issues;

guidance and advice on improvement actions, potential breaches and root cause analysis;

reviewing compliance and business performance MI to aid challenge;

ensuring a regulatory perspective is brought to key business forums, initiatives and projects;

providing a key input to the firm’s assessment of regulatory risks as part of its ERM framework;

supporting business SMFs and Certified individuals as part of SMCR;

guidance and advice following reviews of the business from internal or external sources;

This role also plays an important role in the identification, escalation and management of regulatory issues and breaches.

Location is flexible for the right candidate including WFH

Group Conduct Officer/ Business Partner - Key requirements

The role requires the role holder to:

Have excellent communication (verbal and written) and be an effective 'regulatory translator’ i.e. take complex regulation and make it accessible, understandable and relevant to the business so

Deliver engaging, practically orientated compliance training;

Have excellent stakeholder management skills and be able to build and maintain strong relationships with the business, while also maintaining an appropriate level of professional distance;

Have a strong understanding of the UK’s regulatory regime as it applies to general insurance activities.

Group Conduct Officer/ Business Partner Ideal person profile

The ideal person for this role combines strong technical subject matter expertise, communication, analysis and stakeholder management skills and:

Has previous experience of undertaking a similar compliance business partnering role ideally in other commercial insurance brokers. However, candidates from commercial Insurers may be considered. Likely to have 3-5 years compliance business partnering experience covering core areas such as T&C, ICOBS, Conduct Risk, COI, financial promotions, complaints, gifts and hospitality, SMCR, regulatory relationships, product governance, incentives etc.

Is a confident, persuasive and articulate communicator and capable of robust dialogue;

Proven track record in working with the business to implement regulatory improvement and change;

Strong technical, practical and working knowledge of FCA GI regulation including the IDD, ideally with experience of sales to both commercial and consumer customers primarily on a direct basis. Knowledge of other relevant regulation/legislation such as GDPR and financial sanctions are required, and a basic understanding of risk management principles would be beneficial;

Likely to be educated to degree level and ACII or compliance qualification would be an advantage;