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Reporting to the Head of Compliance, the AR Compliance Manager will play a crucial role in the success of Polo MGA sector within the PCIS platform business. This role will primarily focus on managing the transition and oversight of the network of Appointed Representatives (ARs), ensuring ongoing regulatory compliance for this segment of the organisation. The successful candidate will be responsible for developing, implementing, and maintaining relevant regulatory and operational risk frameworks, as well as leading initiatives to enhance the customer journey while ensuring regulatory standards for this part of the business.
Job Responsibility:
Complete applications for regulatory permissions, including becoming an Appointed Representative, and providing support throughout the entire authorisation process
Create and facilitate the onboarding and transition process for appointed representatives, including obtaining FCA authorisation
Oversee ARs, conduct due diligence, review policies, and ensure ongoing regulatory adherence
Manage the transition of appointed representatives, ensuring they meet compliance standards
Support the compliance team with acquired businesses and day-to-day tasks
Review financial promotions and AR customer journeys for compliance with ICOBS
Collaborate with internal and external stakeholders (e.g. FCA, BIBA, MGAA), as required
Ensure compliance with all relevant regulatory reporting requirements
Provision regular reporting to senior management and the PCIS Appointed Representative Committee
Ensure company policies are in line with regulatory requirements
Develop and maintain appropriate regulatory and operational risk framework, including policies, procedures, and controls
Conduct risk assessments and implement measures to mitigate identified risks
Requirements:
Extensive experience of compliance experience within insurance, inclusive of the Lloyd’s and London markets
Strong understanding of FCA rules (PRIN, ICOBS, SYSC, SUP) and AR models
Experience in reviewing financial promotions and compliance monitoring
Strong understanding of regulatory requirements and compliance standards
Excellent analytical and problem-solving skills
Strong communication and interpersonal skills
Ability to manage multiple tasks and prioritise effectively
What we offer:
Competitive salary
Discretionary annual bonus
Minimum 24 days of annual leave (with the option to buy or sell up to 5 days using our Annual Leave Flex Benefit)
Flexible, hybrid working
Private health insurance
Life assurance
Income protection
Enhanced pension contributions
Occupational maternity and paternity pay
Company volunteering days
Electric Vehicle (EV) leasing scheme
Employee assistance programme with retail discounts and savings