Compliance Team Manager

Compliance Team Manager | Insurance | Gibraltar | Excellent Salary Package | Hybrid working

SRG are hiring an experienced Compliance Team Manager for a UK/Gibraltar based Insurance Company.

You will be managing relationships with a number of General Agents.

A range of consumer and commercial insurance products, underwritten by our client, are manufactured and distributed through agreements with these Agents.

This strategy is focused on their significant UK motor insurance activity, they also offer smaller lines of business in other areas.

The Compliance Team Manager will report to the Outsourcing Manager based in the UK.

What's on offer to you?

• Generous Targeted Bonus


• Health Cover


• Pension Package

What You Will Be Doing

• Work closely with the Head of Claims, Finance Manager and the Insurance Manager (Gibraltar based) to provide timely support and advice to first line operational teams and key stakeholders on regulatory requirements and developments (GFSC & FCA)


• Participate in regular GA team meetings and provide input on compliance and conduct risk activities


• Call meetings as required to maintain a rolling list of outstanding regulatory and compliance matters including owners and actions


• Collate data from various GA's in order to populate and submit regulatory returns as required


• Review and monitor GA conduct risks through appropriate MI and raise any issues and concerns to senior management


• Perform proactive monitoring and control of policies, procedures, processes, practices and documentation to ensure Company continues to meet all relevant regulatory requirements


• Produce relevant reports for Boards, Committees and senior management to allow for better decision making within the company and reporting for external regulatory bodies to demonstrate the company's compliance with the legal and regulatory requirements


• Develop regulatory requirements through a comprehensive governance and reporting structure


• Draft initial responses to ad hoc regulatory queries as they arise


• Liaise with internal and external auditors in any review of second line policies and procedures

What You Will Need to Succeed In This Role

• A minimum of 8 years' experience in financial services, preferably insurance


• A minimum 5 years' experience in a compliance role, preferably with insurance products targeting consumer and/or commercial markets in the UK


• Experience in the Gibraltar and United Kingdom regulatory environments with an understanding of cross-border financial services is an advantage


• Experience of dealing directly with regulators on behalf of a firm


• A relevant legal, insurance or compliance qualification such as Cert CII, DIP CII, ACII, Qualified Solicitor or ILEX


• Strong organizational skills and ability to quickly prioritise key matters


• Proven ability to communicate effectively with individuals at all levels and in all areas of the organization, as well as with clients and other external stakeholders


• A strong work ethic and the ability to take initiative and work with minimal supervision

Keywords: Compliance Team Manager |Gibraltar | Insurance | Financial Services |