Kind Consultancy is working with a well-established healthcare insurance provider which is currently seeking a Head of Compliance to join them in a full-time, permanent role with a hybrid work model requiring one day per week in their West Midlands offices, paying up to £90,000 dependent on experience.

The Head of Compliance will encourage and maintain a regulatory and conduct risk-aware culture within the business, supporting regulated entities in complying with the regulatory requirements set by the FCA, PRA and internal policy standards, with key responsibilities including:

• Holding SMF16 (Compliance Oversight)
• Delivering an effective, efficient, and proportionate compliance framework for the business, ensuring the framework is sufficiently robust and delivers value beyond pure compliance with regulation; i.e. view and implement compliance as an enabler.
• Interpreting high-level regulatory themes, publications, rules and guidance into real-world framework and process guidance.
• Fulfilling a “Compliance Lead” role in various conversations and meetings around the business.
• Championing the compliance function, its purpose, activities, and value.
• Supporting the Risk & Compliance Director in ensuring the organisation monitors and, on a regular basis, assesses its adequacy and effectiveness (including any actions to address identified deficiencies) in the business’ compliance with obligations.
• Ensuring the compliance and advisory function provides effective, accurate and timely support to the business, colleagues falling under SM&CR, and wider stakeholders.
• Managing and directing Compliance resource, including personal and professional development, performance management, job satisfaction, etc.
• Managing a Compliance Monitoring Framework (CMF) and associated components.
• Managing the business’ Management Responsibilities Map (MRM) and updating individual Statements of Responsibility (SoR).
• Managing the regulatory approvals and regulatory returns process (e.g. via FCA Connect and FCA RegData)

Our ideal candidate for the Head of Compliance - SMF16 opportunity:

• Must have previously held SMF 16
• Must have 5+ years of experience in Regulatory Compliance work within Financial Services, preferably within Insurance
• Holds a relevant Compliance qualification
• Demonstrates advanced knowledge of FCA and PRA regulatory framework; e.g. ICOBS, SYSC, PRIN, etc.
• Has extensive experience of interpreting UK Financial Services regulation into actionable briefing documents and workstreams
• Has 3 or more years of line management experience within a dedicated and specialist compliance / assurance team
• Has experience of working in a small, specialist compliance or assurance environment
• Displays a good understanding of insurance customer communications, claims and sales processes and of the Consumer Duty, four outcomes, and cross-cutting principles
• Demonstrates an understanding of how to educate the wider business on compliance matters
• Has experience of compliance report-writing, with the ability to tailor content for different audiences

If you have the necessary skills, knowledge and experience, are based in or can commute to the West Midlands and are interested in the Head of Compliance role, please apply with an updated CV today.