Average Compliance Manager salary in City of London

My client is an MGA that operates in the London and international insurance and reinsurance markets. They are looking for a Head of Compliance to join, initially on a 9 month FTC to manage day to day Compliance and work on some pre-defined projects. The Head of Compliance will be responsible for supporting the overall business in ensuring the compliance with laws, regulations, and internal policies. Their role involves analysing data to identify potential compliance issues, monitoring compliance activities, and providing recommendations to improve processes and mitigate risks. Main Duties and Responsibilities will include: Provide full Compliance and Regulatory advice and function to the business to enable it to carry out its role as the Managing AgentSet up systems and maintain regulatory correspondence and dataEnsure Submissions to Lloyd’s and other regulators are made in a timely mannerOversee the preparation of Compliance owned regulatory returnsSet up and implement an appropriate Compliance Monitoring Program across the businessComplaints management including liaising with the appointed representatives, carriers, Lloyd’s and the Financial Ombudsman Service as appropriateTogether with the HR Function ensure correct checks carried out on approved persons in line with FCA and PRA requirementsManaging and overseeing the development of systems and controls such as sanctions monitoring, financial crime checking, and breach reportingSupporting in the preparation of regular Compliance management information and reporting as requiredProvide advice and guidance to the business managers to enable them to understand the regulatory implications of existing business and any new business initiatives and changesTo provide support in overseeing the company’s data protection strategy and its implementation to ensure compliance with GDPR requirements Insurance experience is essential for this role. The role offers hybrid working with 2-3 days a week in the London office

Ambition are recruiting for a leading national advisory firm that are looking to hire an Insolvency Compliance Senior Manager to join their team. You will be part of a team of 5 others focussed on compliance and work closely with the Insolvency Technical & Compliance Director. Key Responsibilities: Lead the development and rollout of restructuring procedures, templates, and compliance standards across UK offices.Act as a key point of contact for technical queries, ensuring timely, accurate guidance is shared across teams.Monitor regulatory and technical updates, ensuring compliance with evolving legislation and professional standards.Work with technical reps and L&D to identify training needs and support delivery of relevant training programs.Collaborate with the Compliance Director and Technical Committee to ensure consistent policy application and risk mitigation. Core benefits Discretionary bonus (historically very competitive)Hybrid & flexible working 27 days' holiday + bank holidaysLife cover (4x salary)Private medical insurance (single cover)Permanent Health Insurance5% employer pension contributions (auto enrolment)Employee Assistance ProgrammeAnnual flu vaccination Flexible benefits (up to 5% of salary) Enhanced life cover (up to 10x salary)Partner & family medical coverCash Plan for dental, optical & physioCycle to work schemeHealth screeningsGive As You EarnBuy & sell up to 5 days holiday per annumCar leasing scheme If you are interested in learning more about this opportunity, then click apply and we will be in touch to answer your questions on a 100% confidential basis. If this job isn't quite right for you, but you know someone who would be great at this role, why not take advantage of our referral scheme? We offer £200 in shopping vouchers for every referred candidate who we place in a role. Terms & Conditions Apply. https://refer-a-friend

Training & Compliance Officer / Supervisor - Wealth Management General Contributions and Outputs Work closely with the Head of Compliance supporting all business areas across the group.Provide compliance guidance and training to relevant employees of the businessDraft and update training & compliance policies & proceduresHave confidence to challenge business decisions and processes to ensure that the business always remains compliant with FCA regulations, whilst also balancing commercial needs of the businessConduct regular internal reviews or audits to ensure that compliance procedures are followedProvide detailed management information for reporting purposesCollate information for monthly meetings including file reviews, breaches, complaints and provide feedback where necessaryEnsure any trading names are changed through the FCAAssist with sign off / implementation of internal policies, procedures and guidanceSupport with projects as directed by the Head of ComplianceProvide professional insight and suggestions with a view to creating process and performance efficiencies across the businessProvide generalist compliance advice to the business and support with the mentoring and training of team members. Comply at all times with the Compliance and Training and Competence procedures of the firm. Training & Compliance Monitoring Ensure that everyone connected to the firm’s regulated business has the skills, knowledge, and expertise to carry out their role appropriately (including non-advisory employees)With support from the Head of Compliance, develop clearly defined criteria and procedures, setting out the specific point when someone will be assessed as being competent.Measure and report meaningful KPI’s which reflect the needs of the business and allow for measurement of potential risk to the business.Maintain appropriate records to evidence compliance with the FCA’s Training and Competency requirements. Documenting the all aspects, from the recruitment of individuals, induction and initial training, through to attaining and maintaining competency. Ensure that the MI generated from the activities is being considered and any risks identified are being dealt with.Overseeing regular auditing to ensure compliance with FCA regulations.Interpret regulatory requirements and implement practical, compliant solutions.Keep up to date with regulatory developments and maintain CPD records to evidence this.Provide advice and guidance on all aspects of T&C including, file reviews, Consumer Duty gap analysis and implementation, financial promotion approval, recruitment guidance and implementation of T&C scheme.Ensure annual Fit & Proper assessments/ certification and code of conduct training records are robust and up to date.Oversee delivery of regulatory training to all team members e.g. AML and GDPR.Ensure the firm keeps up to date KPI data and management information, so that Consumer Duty reporting can be conducted at least annually.Ensure annual fit & Proper assessments/ certification and code of conduct training records are robust and up to date. Ongoing development and improvement of a clear and comprehensive T&C scheme which is appropriately personalised to the needs of the business and evidences the competency of relevant individuals. Recruitment & Approved Persons Ensure that the firm’s recruitment / human resources policies (for example diversity and inclusion) meet the regulatory requirements and are adhered toWork with the HR/Operations department to ensure the firms recruitment and onboarding process is adhered toEnsure all relevant information is obtained before submitting to the FCASubmit applications to perform controlled functions within the business including Directors, Advisers and Non-Executive Directors.Complete Form C's for individual functions that are no longer requiredEnsure that all individuals performing a Senior Management Function receive regulatory approval before commencing duties.Ensure that the fitness and propriety of all individuals performing a certified function is reviewed on an annual basis.Review on an on-going basis the firm’s reporting lines to ensure any changes in personnel are reflected in the firm’s documentation and communicated to all staff and the FCA.Ensure that all individuals performing a senior management or certification function are provided with a copy of the Regulator’s Code of Practice/Code of Conduct. Complaints Ensure all staff (including new staff) are aware of the firm’s complaints handling procedures.Under instruction from the Head of Compliance, review any complaints against the firm and dealing with them in accordance with the Regulator’s complaints handling rules and within Service level agreements.Where necessary liaise with clients to obtain a better understanding of the complaintEnsure complaint registers are maintainedComplete detailed investigation of complaints, identifying and analysing the root cause and refer to the Head of Compliance with findingsLiaise with 3rd parties such as PI Insurer and the Financial OmbudsmenIssue final letters to clients after investigationMaintain accurate records of all correspondence in relation to complaintsLiaise with providers/advisers/administration staff where necessary to resolve complaintsMake appropriate offers to complainants including redress/ex-gratia payment and issue final lettersEnsure all staff (including new staff) are aware of the firm’s procedures on financialEnsure all relevant records are maintained (register, copies of draft and published promotions etc). Systems and Controls Review any delegated activities on an on-going basis to ensure they are undertaken adequately and meet the firm’s needs.