Deputy Head of Compliance Monitoring

Description:

Deputy Head of Compliance Monitoring

What can you expect?

Compliance Monitoring is part of the UK Regional Compliance function, part of the Second Line of Defence (“2LOD”) which supports MMC’s UK Marsh, Mercer and Guy Carpenter businesses. In the UK, Guy Carpenter is Marsh Ltd’s Appointed Representative

To deputise for the Head of Compliance Monitoring, UK Region, and lead and support on Compliance Monitoring reviews, in accordance with the agreed Compliance Monitoring methodology and ensuring that, where issues are identified, remedial actions are carried out by the business.

In conjunction with the Head of Compliance Monitoring, UK Region, to drive:

the development and delivery of the risk-based Compliance Monitoring Plan

the Compliance Monitoring methodology

regular reporting to governance committees

effective team working, prioritisation of work and application of resources

 and ensure:

collaboration with colleagues within the Compliance function on strategies and projects

stakeholder management and engagement across the Three Lines of Defence in the UK, including the wider LCPA function

What’s in it for you?

To ensure the business is achieving best practice whilst meeting regulatory requirements.

A structured development plan with opportunities to progress within the Compliance team.

Comprehensive benefits programs including excellent pension contributions, private medical insurance, tuition assistance, pension, career mobility, employee assistance program, employee network groups, volunteer opportunities, and other programs.

27 days’ holiday with the option to buy or sell up to 5 days per year.

We offer and embrace a hybrid working model that nurtures a collaborative working environment in the London office 3 days per week allowing 2 days per week to be spent working on a remote basis.

We will count on you to:

Leadership and Management of Compliance Monitoring Reviews

Understands the processes and competencies required to complete a Compliance Monitoring review.

Manages all components of a review (including scope and approach) and members of the review team, to ensure that reviews are delivered to the expected quality within the agreed timeframe

Ensures that resource budgets are managed effectively.

Clarifies roles and responsibilities of stakeholders relevant to each review, including the Accountable Executive for the business area being reviewed.

Agrees any remedial actions emerging from each review and tracks progress of these through to closure.

Makes constructive proposals to improve the effectiveness of the Compliance Monitoring review process.

Carries out peer reviews of completed monitoring reviews, to support the Head of Monitoring in exercising oversight of team activities.

Reporting

Prepares monitoring reports to specified standards including format, style and timeliness, with the need for minimal changes.

Conducts a quality review of the review-evidence, to ensure it supports the findings.

Provides clear and sufficient evidence to support the need for remedial actions.

Ensures that critical findings are reported immediately as appropriate.

Achieves buy-in and agreement from the Accountable Executive to the report findings and agreed remedial actions.

Gives context to findings and recommendations in relation to wider related risk, control and Governance issues.

Communication

Possesses and demonstrates advanced influencing, persuasion and negotiating skills.

Presents with confidence to senior leaders.

Negotiates with senior management to ensure that monitoring recommendations are agreed and acted upon.

Carries out formal reporting to management on progress versus plan, status of outstanding monitoring issues and progress of remedial actions.

Demonstrates networking skills and the ability to sustain effective working relationships with a wide range of stakeholders at a senior level

Leads People

The role deputises for the Head of Compliance Monitoring

What you need to have:

Extensive experience of compliance monitoring in the UK regulatory environment

Proven track record of compliance experience - within at least one of (re)insurance / (re)insurance broking / employee benefits/wealth management or within more than one of insurance / insurance broking / reinsurance / employee benefits/wealth management

People management skills

Proven track record in building strong and constructive relationships with business leaders

Proven track record of interfacing effectively with business colleagues at senior management level.

Strong written and oral communication skills

Analytical, problem solving and project management skills

University Degree/recognised industry accreditation

What makes you stand out:

 Extensive knowledge of relevant legislation and regulations: - in at least one of (re)insurance / (re)insurance broking / employee benefits/wealth management, in more than one of (re)insurance / (re)insurance broking / employee benefits/wealth management Knowledge of client money (CASS) rules

Understanding of the insurance industry

University Degree/recognised industry accreditation

Broad knowledge and understanding of insurance principles, products and services

MARSH MCLENNAN

 (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s more than 85, colleagues advise clients in over countries. With annual revenue of $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. data-driven risk advisory services and insurance solutions to commercial and consumer clients. develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and well being for a changing workforce. serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit , or follow us on and .

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at

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Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local based teams will identify at least one “anchor day” per week on which their full team will be together in person. office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person