About the role
The Head of Compliance is responsible for leading and maintaining an effective compliance framework across the Group that ensures that the regulated firms meet their regulatory obligations, operate with integrity, and manage regulatory risk in line with PRA, FCA and Lloyd’s requirements for London operations and the Australian Financial Conduct Authorty and (AFCA) Australian Securities Insurance Commission (ASIC) regulations for the Australian operation. The role provides independent oversight and challenge of business activities, advises the Boards of group firms and senior management on all aspects of regulation, and acts as a key point of contact with regulators.
As the Head of Compliance, your key responsibilities will involve
Regulatory Compliance & Oversight
- Lead the design, implementation, and ongoing operation of the Group’s compliance framework in line with regulatory requirements and industry best practice.
- Monitor adherence to applicable regulatory obligations, including FCA Principles, SYSC, ICOBS (where relevant), COBS (in respect to the Members’ Agency) ASIC, AFCA and financial crime requirements. Ensure compliance with applicable insurance prudential requirements, including Solvency II (where applicable), and support effective oversight of related governance, reporting, and regulatory change.
- Provide advice and guidance to the business on regulatory interpretation and regulatory change.
- Oversee regulatory submissions, notifications, compliance returns, and correspondence with regulators in accordance with relevant regulations.
- Support the Data Protection Officer in all aspects of the group’s data protection systems and controls.
- Lead on the design, implementation and ongoing operation of the Group’s Sustainability Framework keeping abreast of the legal and regulatory developments.
- Act as the group’s key regulatory contact.
Governance & Assurance
- Maintain compliance policies, procedures, and standards.
- Deliver a risk-based compliance monitoring plan and report findings and remediation actions.
- Produce regular compliance MI and reports for Boards and committees.
- Support effective governance and decision-making frameworks.
Product Governance
- Lead on the effective operation of the Group’s Conduct Risk Framework ensuring good outcomes for Argenta’s customers and clients globally.
- Lead the Group’s Product Governance Working Group in support of the Executive Product Oversight Group.
- Act as a key liaison with Lloyd’s Customer Oversight Team.
SM&CR & Conduct
- Oversee the Senior Managers & Certification Regime.
- Advise on individual accountability, fitness and propriety, and regulatory references.
- Promote a strong compliance and conduct culture.
Financial Crime & Regulatory Risk
- Oversee compliance elements of financial crime prevention.
- Ensure systems and controls effectively manage regulatory risk.
Leadership & Stakeholder Management
- Lead and develop the compliance team.
- Build strong relationships with senior stakeholders and business functions.
- Demonstrate gravitas and influence when engaging with key stakeholders, including senior leadership and regulators, to drive effective outcomes.
- Provide pragmatic and commercially aware compliance support.
Key Accountabilities / Regulated Responsibilities
- The role will hold the SMF16 (Compliance Oversight) for Argenta Private Capital Limited (APCL), under the Senior Managers & Certification Regime, subject to regulatory permissions, and is directly accountable for the effectiveness of the firm’s compliance framework.
- Develop and maintain a strong relationship with Hannover Re’s Compliance Function attending and contributing to European and global compliance officer events.
- Undertake any other related duties as may be reasonably required.
- Working for a regulated Company, you will be expected to perform your duties to the highest of standards, in accordance with the following Conduct Rules as specified by the FCA.
Conduct Rules
- You must act with integrity
- You must act with due care, skill and diligence
- You must be open and co-operative with the FCA, PRA and other regulators
- You must pay due regard to the interests of customers and treat them fairly
- You must observe proper standards of market conduct.
About you
- Senior compliance experience within the UK insurance industry, with experience of working in the Lloyd’s and London market.
- Strong knowledge of PRA and FCA regulation and, Lloyd’s supervisory requirements
- Working knowledge and experience of Solvency II.
- Experience of engaging directly with regulators.
- Proven ability in effective communication skills, both oral and written.
- Ability to provide independent challenge and advice.
Behaviours
These five behaviours sit at the heart of how we work at Argenta:
Supporting each other
Treat each other with dignity and respect, valuing our differences, so we can all be ourselves and achieve our goals.
Generating creative solutions
We do not settle for things that are not right; we do not walk by, we seek creative solutions.
Owning the delivery
We set clear objectives and deadlines; we are accountable and own the delivery end to end, knowing others will too.
High performing professionals, recognising the importance of wellbeing and balance in our lives.
Building longstanding relationships
Collaboration with our clients and those we work with is key; we work as a team to ensure the best outcomes.
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