Overview
Reporting to the Head of Compliance, the AR Compliance Manager will play a crucial role in the success of the 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.
Department: Risk & Compliance
Location: Cheltenham
Key Responsibilities
- 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.
- Provide 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.
Skills, Knowledge & Expertise
- Extensive experience of compliance 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.
Details
- Seniority level: Mid-Senior level
- Employment type: Full-time
- Job function: Legal
- Industries: Insurance
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