Head of Compliance Business Partners

Department: [SBSS] Compliance Business Partners

Employment Type: Permanent - Full Time

Location: Bristol

Compensation: Competitive package

Description

What you'll be responsible for:

• Deliver and Implement Compliance Advisory Framework: Responsible for the delivery and ongoing implementation of the business partner framework, ensuring oversight of the Somerset Bridge Group of companies’ compliance with FCA and other relevant regulatory requirements in a consistent and effective manner.
• Build and Manage Relationships: Develop and manage effective and collaborative relationships with key business stakeholders to provide good compliance advice and support.
• Drive Compliance Standards: Promote and drive minimum standards in compliance for the organisation by enabling management awareness and contributing to internal compliance training.
• Lead Compliance Team: Lead and steer a team of compliance professionals, ensuring that work is correctly prioritised and carried out effectively and to high standards
• Coordinate with Control Functions: Liaise with the internal audit, assurance and risk areas of the business to ensure a coordinated approach between the Control Functions as part of a “three lines of defence” control model.
• Monitor Regulatory Developments: Keep abreast of FCA regulatory developments and consultations, ensuring good awareness across business areas and governance structures.
• Create and Distribute Management Information: Create, maintain, and distribute high-quality management information in a timely manner and support the Chief Compliance and Risk Officer in enabling the effectiveness of the compliance function to be measured periodically.
• Identify and Support Regulatory Changes: Lead on the identification of regulatory change and support implementation work led by business areas.
• Manage Conduct-Related Risks: Support business areas in identifying and managing conduct-related risks, including the implementation of controls.
• Foster Regulatory Relationships: Support business areas in fostering strong regulatory relationships via both routine and non-routine engagement.
• Support Business Change Initiatives: Proactively support and guide business change and operational initiatives to achieve good customer and commercial outcomes (compliance by design).
• Develop Compliance Policies: Provide input for the development of compliance policies and procedures regarding regulatory requirements.
• Identify and Escalate Risks: Identify and escalate risks and control deficiencies to management and governance bodies, including solutions to mitigate future issues.

What you'll need:

• Significant experience working in an FCA regulated financial services environment, ideally in General Insurance. Proven experience of successfully managing second line compliance projects.
• Comprehensive knowledge of FCA rules and guidance with proven ability to communicate these rules effectively at different levels within the organisation and translate them into expected deliverables.
• Broad understanding of the insurance industry, including products, institutions, and regulatory areas.
• Be studying towards or having achieved Compliance Industry Diploma.
• Excellent verbal and written communication skills, with the ability to influence, lead, and inspire stakeholders at all levels.
• Ability to build and maintain positive relationships with regulators, clients, and other stakeholders.
• Genuine passion for proactively seeking opportunities for business, process and functional improvement.
• Experience managing and leading a team, setting objectives and responsibilities, and ensuring high performance. Proven ability to develop and support team members through personal development and progression paths.
• Ability to effectively manage priorities and deliver to deadlines, ensuring activities are completed on time and to a high standard.
• Experience proactively engaging with senior management, providing insights, advice, guidance and recommendations.
• Strong analytical and problem-solving skills, with the ability to identify and mitigate risks effectively.
• Experience in managing large-scale compliance projects.
• Ability to support business growth via applying a strategic mindset to building the functional capability of a team.

Our Benefits:

• Hybrid working – 2 days in the office and 3 days working from home
• 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
• Discretionary annual bonus
• Pension scheme – 5% employee, 6% employer
• Flexible working – we will always consider applications for those who require less than the advertised hours
• Flexi-time
• Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
• Electric vehicle – salary sacrifice scheme
• 100’s of exclusive retailer discounts
• Professional wellbeing, health & fitness app - Wrkit
• Enhanced parental leave, including time off for IVF appointments
• Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
• Life Assurance - 4 times your salary
• 25% Car Insurance Discount
• 20% Travel Insurance Discount
• Cycle to Work Scheme
• Employee Referral Scheme
• Community support day