Description
This is a key second line of defence role that will drive the risk agenda across DUAL UK. The successful candidate will hold Senior Management responsibility under the Senior Managers & Certification Regime (SMCR) for DCR as SMF4 (Chief Risk) and will be an attendee of the DCR Board and its sub-committees.
The roleholder will be responsible for the risk and governance infrastructure and risk management framework for DUAL UK, ensuring alignment with the wider Howden Group Risk Management approach. In addition, this role will have responsibility for overseeing the second line Compliance Advisory function as well as overseeing Data Protection and Financial Crime for DUAL UK. Finally, the role also oversees the Second Line Assurance team who provide management with assurance through compliance monitoring, controls testing and thematic reviews into all aspects of the DUAL UK control environment.
Key Responsibilities:
- Ensuring that the Risk and Control Framework and associated governance structure operate effectively and consistently across all regulated entities within DUAL UK.
- Ensuring the effective performance of the Risk and Compliance Functions as the Company’s 2nd Line of Defence.
- Acting as a key contact point for all applicable regulators.
- Working in tandem with international colleagues where appropriate.
- Ensuring that changes to actual, proposed or pending legislation and regulation that may impact the regulated, trading entities are communicated appropriately and that plans for their implementation are agreed by the relevant Boards.
- Ensuring that the Compliance team provides practical, commercial advice to employees on operating in compliance with all applicable legislation and regulation.
- Ensuring that the Control Frameworks are maintained and updated as approved by the Board and that there is a supporting risk and control assessment plan.
- Ensuring that all employees within each entity understand what they need to do to comply with relevant legislation and regulation.
- Guide the design and delivery of the Second Line Assurance programme to test business unit compliance with relevant regulations and Group-wide controls & to undertake thematic reviews as required.
- Provide support and guidance to the Data Protection Officer.
- Hold responsibility for ensuring DUAL UK meets its financial crime obligations.
- This role will be a member of the DUAL UK Executive Committee, and an attendee at the DCR Board, Risk Committee, Audit Committee and Nominations Committee.
Requirements:
- Strong understanding of risk management and how to implement an effective risk management framework in a multi-national insurance intermediary business.
- Strong understanding of UK and international regulatory frameworks and how these impact on DUAL UK’s activities.
- Strong understanding of the SM&CR regime and how this should be applied to corporate governance frameworks.
- Understands the insurance environment and business practices.
- Strong communication skills.
- Pragmatic – able to determine how regulatory requirements should be translated into business processes.
- Outstanding organisational and leadership abilities with high levels of personal integrity.
- Actively listens to the views of colleagues/business leaders/key stakeholders and builds effective relationships whilst also has the strength of character to challenge where required to ensure operational excellence.
- Ability to build effective relationships with senior managers and other key stakeholders within DUAL UK and across the Group.
- Ability to diagnose problems quickly and have foresight into potential issues.
- A team player, able to contribute significantly at senior level.
- High level of emotional intelligence.
- High degree of resilience and tenacity.