Regulatory Risk Manager
3 weeks ago
Job Title: Regulatory Risk Manager
Job Summary:
First Central Services is seeking a highly skilled Regulatory Risk Manager to join our team. As a key member of our Governance and Compliance department, you will play a crucial role in ensuring our business remains within our risk appetite by effectively delivering our Compliance Monitoring Plan (CMP).
Responsibilities:
- Monitor and report on progress against the Compliance Plan (CMP), refining flexible aspects in line with risk profiles
- Provide feedback to management on monitoring activity, gathering evidence for remedial actions
- Produce Compliance Monitoring Reports, proposing actions and resolutions for findings
- Report on progress against Compliance recommendations to senior management
- Support the GCMM in compliance reviews of outsourced suppliers
- Deputise for the GCMM as necessary
- Support independent reviews of control environments, particularly adherence to procedures and risk mitigation
- Support process reviews to ensure adherence to the Process Governance Framework
Requirements:
- Strong experience in a similar role in the general insurance industry
- Excellent understanding of motor insurance products and the industry
- Strong attention to detail and excellent communication skills
- Ability to build and maintain relationships, influence, and negotiate
- Problem-solving skills, with the ability to translate issues and find resolutions
- Excellent organisation, with the ability to meet tight deadlines
- Report writing to a high standard
- Excellent numeracy and literacy
What We Look for in Our Ideal Candidate:
- Demonstrating independence of mind and attention to detail
- Self-motivated and enthusiastic with a flexible approach
- Embedding and incorporating the Company Values
- Taking initiative to make decisions and strive to deliver performance targets
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