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About the Role
The candidate will support the Head of Compliance and the compliance team with the risk management framework and policy implementation across Insurance Solutions businesses, covering London Market Intermediaries, Captive Management, and Insurance Solutions North America. This role acts as a central control point for risk governance, supporting risk identification, assessment, monitoring, and reporting. The role also supports the delivery and maintenance of the regulatory compliance framework and oversees the Intermediary Services’ network of Appointed Representatives.
Responsibilities
- Support the Compliance and Risk Manager with the implementation, maintenance, and enhancement of the Insurance Solutions risk management framework.
- Promote consistent risk identification, assessment, ownership, monitoring, and reporting across Insurance Solutions entities and business units.
- Maintain and develop risk registers for each relevant business entity.
- Ensure risks are appropriately recorded, assessed, assigned, reviewed, and updated in line with governance standards.
- Engage proactively with risk owners to identify existing, new, and emerging risks.
- Agree risk ratings and support proportionate controls, mitigations, and action plans.
- Maintain action logs, track overdue actions, and support timely escalation of material issues.
- Assist with running risk workshops and periodic risk reviews.
- Prepare regular and ad-hoc risk MI, dashboards, and reporting packs for leadership forums.
- Support the rollout, completion tracking, and quality assurance of client risk assessments and financial crime risk assessments.
- Assist with the implementation and monitoring of the Davies Insurance Solutions Compliance Monitoring Plan.
- Support regular oversight of the Intermediary Services network of Appointed Representatives.
- Assist with preparing board and committee materials for AR oversight and governance reporting.
- Support the Compliance team with monitoring regulatory requirements relevant to the role.
Requirements
- Several years of experience working in a risk and compliance environment, preferably in the Insurance sector.
- A strong understanding of risk management, including designing and implementing risk management frameworks.
- Experience maintaining risk registers, action plans, and governance documentation.
- Solid understanding of regulatory rules and their impact on the wholesale and retail market.
- Ideally working towards, or having a passion to work towards, a relevant risk or compliance qualification.
- An understanding of FCA rules such as PRIN, ICOBS, SYSC, PROD and SUP Supervision.
- Excellent organizational and stakeholder management skills.
- Confident in constructively challenging and influencing at senior levels.
- Strong written and verbal communication skills.
- Ability to manage multiple priorities and deliver to various, often conflicting deadlines.
- Contribute positively to the team culture by demonstrating strong team player mentality.
- Exhibit traits that align to Davies values.
Skills
- Risk management
- Compliance
- Insurance sector knowledge
- Risk management framework design and implementation
- Risk register maintenance
- Action plan management
- Governance documentation
- Regulatory rule understanding
- FCA rules (PRIN, ICOBS, SYSC, PROD, SUP)
- Organizational skills
- Stakeholder management
- Challenging and influencing
- Written communication
- Verbal communication
- Time management
- Teamwork
Location
- London UK
Work Type
- Permanent
- Full Time
Experience Level
- Several years of experience
Education Level
- Relevant risk or compliance qualification (ideal)