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Risk & Compliance Manager

Job description

We are currently recruiting for a Risk & Compliance Business Partner from an insurance Broker or Insurer background to work for our client who is a million dollar consultancy. It is an exciting time to be joining our client as they currently have some excellent growth plans for their UK operation.

This role will partner with operational business leaders (both internally & externally) to deliver necessary risk & compliance reporting as determined by the client along with:

  • Effective oversight and advice, regarding compliance policies, procedures, systems, controls, and governance
  • Appropriate risk management support, guidance & accountability

Where appropriate the role holder will input to client pitches, business processes reviews or tech transformation initiatives ensuring risk & compliance is inherent in our solutioning.


Risk & Compliance:

  • Act as a Trusted Advisor and first point of contact for any regulatory or governance queries by providing guidance and steer to the business
  • Work with the business to develop effective and efficient policies and procedures that will facilitate compliance with regulatory requirements
  • Promote an open line of communication between compliance and the business to provide the business with updates on current compliance initiatives and projects
  • Maintain an awareness of regulatory developments and support the business in assessing impacts and provide advice on challenges and proposed implementation
  • Conduct periodic health checks that provide risk-based oversight and assurance regarding business compliance with policies, procedures, systems, controls and governance requirements
  • Act as a consultant on client business process reviews &/or tech transformation initiatives to give a balanced compliance/regulatory viewpoint
  • Work with client compliance partners to oversee and manage compliance issues of process/account to adhere to company & client requirements
  • Perform reviews on audit controls and measurements and conduct Risk Assessments to ensure correct practices are established and adhered to
  • Report at pre-defined intervals to the appropriate stakeholders on the status of compliance program (internal & external)
  • Respond appropriately to Business, Client, Chief Risk Office - Investigations Team, if a violation or deviation is uncovered
  • Understand, establish, and monitor adherence to the Business Continuity Plan
  • Undertake and close the BCP testing activities in close coordination with the delivery SPOC/BCMS team
  • Own & support execution of the company risk management framework on UK accounts & locations


  • Proficiency in stakeholder management and senior leadership communication/reporting
  • Proficiency in client engagement
  • Establish value added analytics and initiatives within the function
  • Technically sound and proficient to identify and help remediate technical failures in coordination with internal stakeholders
  • Self-driven with project management skills to lead internal projects and be the face for the function at an account / location level

Must have

  • Experience in compliance within the insurance industry either with an Insurer or Broker (commercial bias)
  • Proven track record in building strong and constructive relationships with business leaders
  • Broad and deep knowledge of the FCA Handbook - principles, rules and guidelines
  • Commercial awareness and focus on the proportionate application of regulation within the insurance industry
  • Experience in risk management and application of frameworks across the business
  • Strong, confident and fluent communication and presentation skills
  • Strong organisational and time management skills
  • ACII or other insurance industry qualification
  • Degree educated
  • Project management experience

Visit the IDEX Consulting Ltd website for further opportunities. We value diversity and always provide guidance based on merit. Please note that the information supplied may be retained for up to 3 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy.