Regulatory Change & Policy Manager

Remote, Singapore

Job Description

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From day one, our mission has been to create an independent business with a unique culture \xe2\x80\x93 one that is controlled by the people who work for it. Finding the most talented and entrepreneurial people has always been key to our success.

People come to Howden Group Holdings for lots of different reasons, but they stay for the same one: our culture. That\xe2\x80\x99s what sets us apart, and why we nurture and retain the best talent in the market. Whatever your priorities \xe2\x80\x93 work/life balance, career progression, sustainability, volunteering - you\xe2\x80\x99ll find like-minded people driving change at Howden Group.

The UK Compliance function supports four divisions of Howden Broking Group: UK&I, Global Specialty, Reinsurance and HowdenCAP through three distinct teams:

  • UK&I Compliance

  • Central Compliance

  • Global Specialty / Howden-Tiger Re / HowdenCAP Compliance.


This role is in the Central Compliance team supporting all four divisions. It will manage and oversee a Central Regulatory Change and Policy function and will:

  • Identify new regulatory requirements that will apply to the regulated entities.

  • Swiftly review and interpret new requirements and provide guidance to the Pillars.

  • Provide central support to maintain oversight of progress and encourage consistency of approach.

  • Support in the creation of compliance policy to achieve a consistent approach to regulation that will apply to each Pillar.


Key Accountabilities

Planning & Strategy

  • Review and interpret new regulatory requirements and other publications from regulators including enforcement cases / final notices.

  • Raise awareness of upcoming regulatory requirements to compliance pillar senior management for onwards communication, including assessment of potential impact on each pillar, plus preparation of relevant information for the Chief Risk Officer (UK) to communicate to relevant Boards and committees.

  • Coordinate collaboration across both Pillars, promote consistency of approach for new and existing regulatory requirements.

  • Coordinate and maintain oversight of each Pillar\xe2\x80\x99s progress on implementing new regulatory requirements and escalate to Pillar Compliance Leadership and HBG UK Governance Committees.

  • Coordinate/ prepare responses to regulator consultations either via industry groups or directly.


Service Delivery

  • Swiftly identify application of new regulatory requirements and other publications across HBG UK entities and provide easy to understand guides to the Pillars.


Technical

  • Good knowledge of FCA requirements specifically relating to Non-life insurance products within ICOBs (MCOBS & COBS, desirable but not essential).

  • Good knowledge of the FCA handbook including \xe2\x80\x93 PRIN, SYSC, SUP, ICOBS, CONC, PERG.

  • Good knowledge and understanding of insurance, principles, products and services.


Policy, Process and Procedures:

  • Collaborate with each Pillar to agree on policy of key regulatory requirements, taking into account interpretation of new requirements, each individual Pillar\xe2\x80\x99s business models, impact, HBG UK risk appetite and implementation capabilities.

  • Maintain on-going oversight of the suitability of policy positions, in light of changes to the business or changes to regulatory expectations (or interpretation thereof).


Knowledge & Experience

  • Experience working in a second line compliance role within a non-life insurance broker / insurer, ideally in a technical compliance role.

  • Previous experience of managing other compliance professionals (not essential)

  • Experience of creating engagement with senior management.

  • Specialty and Retail Experience.


Qualifications

  • Compliance Industry or Internal Audit recognised qualifications desirable but not essential depending on relevant experience.

  • Educated to a minimum of \xe2\x80\x98A\xe2\x80\x99 level standard.


Skills & Behaviours

  • Strong regulatory focus.

  • Ability to respond to developments quickly and work independently at pace.

  • Ability to understand the detail of regulatory publications and their application.

  • Ability to build effective relationships with senior managers and other key stakeholders within the Pillars and across the Group.

  • Strong organisational skills.

  • Pragmatic \xe2\x80\x93 able to determine how regulatory requirements should be translated into business processes.

  • Ability to articulate complex regulatory themes or requirements concisely.

  • Strong written and oral communication skills.

  • Sound judgement to produce suitable information at the appropriate level.


What do we offer in return?

A career that you define.

Yes, we offer all the usual rewards and benefits - including great healthcare provision, a wide variety of wellbeing offers, competitive salary, generous pensions and more - but we know you expect all that.

What you might not expect is a job where everyone has a voice, where volunteering in the community is part of the day job, and where everyone is encouraged to play a part towards our sustainability goals. We want people who want to make a difference - not just in the workplace, but in the industry and in the wider community.

Our Culture: People First
We are proud to be at the global table, but we are most proud of our culture. It has been built on a single and constant set of principles over more than 25 years, and it has helped us become:

  • An international group with independence and people at its heart

  • A home for talent with a unique culture: the biggest small company in the world


The focus on being a People First business has always been at the very heart of the Group. David\xe2\x80\x99s vision was to create an independent business with a unique culture; one that would survive and thrive as a business controlled by the people working for it. Finding the most talented and entrepreneurial people to join the Group has been and will continue to be key.

Diversity & Inclusion
At Howden Group Holdings we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

Additional Job Details

Worker Type:
Permanent

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Job Detail

  • Job Id
    JD1302431
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Remote, Singapore
  • Education
    Not mentioned