Your new companyJoining Allianz Partners means you will join a world leading B2B2C specialist forming part of the Allianz Group, one of the world's largest insurance and financial services group. This is an exciting opportunity for a Compliance Manager (UK & Ireland) to join the UK & Ireland business unit at a time of significant growth. Following the appointment of a new executive level UK Compliance Officer (SMF 16), we are further investing in our compliance framework by creating this new role to support the continued sustainable growth that we have seen across all of our core business lines.Our culture and values are very important to us and we are focused on creating the best conditions to deliver good outcomes for our customers and colleagues.The structure of our organisation offers the opportunity to work in an international environment, partnering with local, regional and global colleagues to strengthen the UK compliance framework.Reporting to: Head of Compliance UK
About the RoleAs a Compliance Manager (UK & Ireland), you will part of a Business Partner team of three who will drive the development of the UK compliance framework.You will provide a blend of practical, proactive compliance advice, guidance, support and oversight to the first line. Your role will support the business to manage regulatory risk in line with our risk appetite.You will have a broad remit of responsibilities spanning across all of the Business Unit's lines of business. You will report to the Compliance Office UK (SMF 16) and be part of the regional and global compliance team which actively supports and oversees Allianz Partners UK & Ireland in managing its regulatory risk profile.
Main Duties
• Provide timely and considered advice and guidance to the first line of defence on a range of general insurance topics, including, but not limited to: o ICOBS; o Product Governance; o Conduct Risk o Consumer Duty;
• Support and oversee conduct and regulatory risk in the context of projects, product development, bids and tenders, including supporting agile product development processes with timely and comprehensive regulatory advice.
• Partner with other Compliance team members and first line colleagues to identify areas of high regulatory and conduct risk.
• Support the continued evolution of a proportionate control environment so that key regulatory risks are appropriately managed.
• Provide timely and accurate reporting and, where necessary, ensure escalation of regulatory matters such as risk incidents to senior management and relevant governance fora.
• Support first line teams to assess the impact of regulatory changes and the development of necessary controls through the implementation of a pro-active engagement model.
• Utilise regulatory risk assessment tools to assess the impact and likelihood of risks related to new product developments.
• Support oversight of the company's ARs and IARs.
• Administer and review adherence to the SMCR regime.
• Regular review of policy framework and implementation of required updates to ensure compliance with the changing regulatory landscape.
• Work closely with the regional and global team to monitor adherence to group framework and standards.
• Oversight of the first line of defence through review of KPIs and follow up on identified risks.
About you & what we require
• 5+ years of experience within a Compliance function.
• A sound knowledge of FCA regulatory requirements and key conduct related priorities within insurance.
• Excellent verbal and written communication skills and able to take complex issues and communicate them in a simple, easily understood way.
• Can independently manage a portfolio of work and balance the demands of maintaining high quality work and delivering to deadlines.
• Quickly master unfamiliar businesses, process or products. Able to logically analyse and assess them.
• Pro-active and not afraid to challenge the status quo.
• Professional approach and delivery of work product.
• Energy, enthusiasm, persistence and adaptability.
• Can challenge and raise your point of view across to senior individuals and can defend it constructively.
• Focus on timely delivery of quality outputs.
• Fully understands the concepts of risk, controls and materiality and can be proportionate when making decisions.
59242 | Legal & Compliance | Professional | Non-Executive | Allianz Partners | Full-Time | Permanent Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Join us. Let's care for tomorrow.
About the RoleAs a Compliance Manager (UK & Ireland), you will part of a Business Partner team of three who will drive the development of the UK compliance framework.You will provide a blend of practical, proactive compliance advice, guidance, support and oversight to the first line. Your role will support the business to manage regulatory risk in line with our risk appetite.You will have a broad remit of responsibilities spanning across all of the Business Unit's lines of business. You will report to the Compliance Office UK (SMF 16) and be part of the regional and global compliance team which actively supports and oversees Allianz Partners UK & Ireland in managing its regulatory risk profile.
Main Duties
• Provide timely and considered advice and guidance to the first line of defence on a range of general insurance topics, including, but not limited to: o ICOBS; o Product Governance; o Conduct Risk o Consumer Duty;
• Support and oversee conduct and regulatory risk in the context of projects, product development, bids and tenders, including supporting agile product development processes with timely and comprehensive regulatory advice.
• Partner with other Compliance team members and first line colleagues to identify areas of high regulatory and conduct risk.
• Support the continued evolution of a proportionate control environment so that key regulatory risks are appropriately managed.
• Provide timely and accurate reporting and, where necessary, ensure escalation of regulatory matters such as risk incidents to senior management and relevant governance fora.
• Support first line teams to assess the impact of regulatory changes and the development of necessary controls through the implementation of a pro-active engagement model.
• Utilise regulatory risk assessment tools to assess the impact and likelihood of risks related to new product developments.
• Support oversight of the company's ARs and IARs.
• Administer and review adherence to the SMCR regime.
• Regular review of policy framework and implementation of required updates to ensure compliance with the changing regulatory landscape.
• Work closely with the regional and global team to monitor adherence to group framework and standards.
• Oversight of the first line of defence through review of KPIs and follow up on identified risks.
About you & what we require
• 5+ years of experience within a Compliance function.
• A sound knowledge of FCA regulatory requirements and key conduct related priorities within insurance.
• Excellent verbal and written communication skills and able to take complex issues and communicate them in a simple, easily understood way.
• Can independently manage a portfolio of work and balance the demands of maintaining high quality work and delivering to deadlines.
• Quickly master unfamiliar businesses, process or products. Able to logically analyse and assess them.
• Pro-active and not afraid to challenge the status quo.
• Professional approach and delivery of work product.
• Energy, enthusiasm, persistence and adaptability.
• Can challenge and raise your point of view across to senior individuals and can defend it constructively.
• Focus on timely delivery of quality outputs.
• Fully understands the concepts of risk, controls and materiality and can be proportionate when making decisions.
59242 | Legal & Compliance | Professional | Non-Executive | Allianz Partners | Full-Time | Permanent Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Join us. Let's care for tomorrow.