Compliance Leader
Truro/Remote
From £45,000 - may be negotiable for candidates who bring extensive experience
15/03/2024 05:00:00 PM
We are looking for someone to lead our Compliance function, working across all levels of the business, ensuring adherence to regulatory requirements.
Ideally this role will be based in our head office in Truro, however, remote or hybrid working options may be considered, with regular travel to Truro expected.
- Compliance experience in a regulated entity, ideally general insurance, including the ability to apply regulation effectively, proportionately and efficiently.
- Must meet the regulators “fit and proper” person requirements for the SMF 16 (Head of Compliance function) and act within the code of conduct of the Chartered Insurance Institute.
- A thorough understanding of the principles of conduct regulation including Consumer Duty, Operational Resilience and TCFD within the environment in which the business operates.
- An appreciation of the wider laws and regulations which apply to financial services companies in the UK, including but not limited to GDPR and Money Laundering.
- Excellent written and verbal communication skills, including the ability to present recommendations clearly and succinctly.
- The ability to lead change in a busy organisation.
- Working proactively with colleagues and business partners to promote a positive and compliant culture.
- Actively contributing to business initiatives ensuring that regulatory requirements are considered at an early stage.
- Liaison with trade bodies to keep updated on all relevant regulatory initiatives and ensure that the business is informed on potential impacts.
- Maintaining a compliance framework that is proportionate to the nature, scale and complexity of the organisation.
- Completion and filing of specific regulatory returns.
- Regular and ad hoc reporting on compliance matters to the Board, in particular on adherence to the requirements of the Consumer Duty framework.
- Monitoring business activities to ensure adherence to relevant policies and procedures.
- Recommending to the Executive and Board revision of policies, training needs and other factors affecting compliance with regulations.
- Ensuring commitment to CPD and developing own knowledge and that of others.
- Chairing the Legal and Regulatory Committee.
- Identifying regulatory requirements for insurers, as well as applicable company laws - and ensuring that Cornish Mutual is compliant with these, including the protection of Members' data.
- Effectively communicating relevant regulatory consultations and papers, and providing proportionate advice to the Executive and Board on an appropriate business response.
- Leading on embedding new regulatory and legal initiatives.
- Evaluating company policies and procedures to ensure compliance with regulatory requirements, and making proportionate recommendations where necessary.
- Ensuring an appropriate training plan is in place to foster company-wide understanding of compliance issues.
BENEFITS:
It’s you who makes the difference to our Members; we value all our employees and offer a number of benefits including:
- A 35-hour week, supporting a work life balance
- Mobile phone and company laptop
- Private medical insurance, after a qualifying period
- Generous holiday allowance – 24 days plus bank holidays, increasing to 28 days per year with length of service. All employees have the option to ‘buy’ an extra 5 days per year.
- Learning and development opportunities
- Income protection
- Up to 25% discount on Cornish Mutual insurance products
- A paid volunteering day each year to give back to our local communities
- Exclusive discounts on everyday essentials, motoring, travel and experiences through our online benefits programme
- Cycle to work scheme
- Eye care contributions
- Social events
- Relaxed dress code and lovely riverside office location, close to Truro city centre
WHY WORK AT CORNISH MUTUAL?
Founded by a group of farmers in 1903 to provide cost effective insurance to the community, Cornish Mutual is now one of the leading South West insurance providers. As a mutual, we are a Member-owned business, run for the benefit of our Members (customers) - we don’t have shareholders. Our success is down to our people and our Members – both are at the heart of everything we do.
As an employer we offer an enjoyable, open, honest, supportive and collaborative culture that empowers individuals to develop and go the extra mile to deliver the best outcomes.
Our growth plans are ambitious and we are looking for passionate people that can help us continue building relationships, supporting each other and that of our communities.
We take our data privacy responsibilities seriously. Full details of how we’ll handle and store your information can be found in our Candidate Privacy Notice or in print on request.
Please note, we reserve the right to close the vacancy early in light of a large response.