Compliance Manager, Policy & Advice (Insurance)

Centrica plc has the vision to become a leading integrated supplier of energy and related services for its chosen markets and maximise value to shareholders. Centrica’s major brands include British Gas, Services, Centrica Energy Dyno Group and Direct Energy (in North America).

British Gas supplies electricity and gas to residential and business customers; as well as delivering the UK’s premier heating and electrical care, installations and drainage services to home customers. We have now created, from scratch, an insurance company to develop a broader insured product choice to our customer base. Having recently been approved by the FSA, we are now recruiting a Compliance Manager, Policy & Advice to join our compliance team.

Compliance Manager, Policy & Advice (Insurance) – The Overview:

• Platform to deliver world-class insurance compliance adhering with FSA regulations to develop our insurance compliance function.
• Integral to leading future profit growth within British Gas.

The Compliance Manager, Policy & Advice will be responsible for undertaking the regulatory policy and advice activities; and provide core administrative development and support to the central Compliance team.

Through timely action the Compliance Manager, Policy and Advice will actively support the business and will:

• Risk assess regulatory change as it impacts on the business
• Risk assess business change and associated regulatory issues

Compliance Manager, Policy & Advice (Insurance) – The Vacancy:

• Provision of Regulatory Advice across the businesses, considering both regulatory change and business change
• Delivering up to date knowledge of financial services regulatory development and changes in the market; monitoring of press, compliance forums and FSA site to identify potential regulatory development
• Risk assess potential impact on the regulated entities – consider commercial and operational impact
• Provide timely impact assessment for senior management and other key stakeholders delivering detailed and considered response to regulatory change
• Ensure up to date personal knowledge of regulatory development
• Deliver periodic regulatory updates to management highlighting regulatory risk for the regulated companies
• Provide the Central Compliance team with regular, comprehensive regulatory development training and support
• Ensure the wider Compliance team are fully briefed on regulatory and business change issues
• Assessment of Regulatory returns
• Manage Approved Person applications and removals
• To assist in the design & development of the risk based regulatory framework and monitoring plan – HQ activities

Compliance Manager, Policy & Advice (Insurance) – The Person:

The successful Compliance Manager, Policy & Advice (Insurance) must possess all the following career experience. This must be clearly demonstrated throughout your CV.

• Proven experience of insurance compliance monitoring within a large complex UK regulated company (ideally FTSE 100 or equivalent).
• Proven ability to provide guidance to the insurance users within a large consumer led company.
• Proven detailed knowledge of FSA regulations for insurance sector and having developed an understanding of FSA compliance across a non-insurance business.
• Up-to-date knowledge of FSA regulations (policy and regulations) and the developments for the insurance sector.
• Excellent understanding of business processes and change management
• Someone who has successfully coached and developed insurance policy compliance as a business critical function within a traditional non-insurance organisation.
• Proven track record of working for branded “customer-centric” organizations.

This position has been newly created to provide support to the Senior Compliance Manager, Policy & Advice and to drive the success of our new product propositions.

All applications must be online, please click ‘Apply’ with your CV. If you have any further questions please contact James Dowling on 07789-576266.

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