We’re First Central Insurance & Technology Group (First Central for short), an award-winning innovative insurance and technology organisation, delivering market-leading motor insurance, underwriting, distribution, finance, technology and legal services.
We currently have an exciting opportunity for a Risk and Compliance Governance Manager to join our Governance team in Gibraltar.
You'll lead Risk and Compliance reporting, framework documentation and RegTech systems for First Central Group Ltd (FCG) and Skyfire Insurance Company Ltd (SICL) incorporating advisory, monitoring and business partnering activity.
Reporting to the SICL Head of Risk and Compliance on a day-to-day basis whilst working closely with the Risk and Compliance Director, you'll define, implement and be accountable for the performance of SICL’s Compliance function, as well as being the RIR Compliance Function Holder and MLRO for SICL.
To be successful in this role, you’ll need to:
be Cert CII qualified
have substantial understanding of regulatory rules, regulations, principles and codes of practice and of the wider regulatory and legislative framework affecting the financial services sector
and preferably operating at senior management level within an Gibraltar FSC or similarly authorised business
To have an excellent understanding of the key regulatory and statutory rules, regulations, principles and codes of practice incumbent upon SICL in so far as they are relevant to the delivery of appropriate Compliance requirements, and to keep such awareness up to date.
To design and deliver a suitable Compliance Framework (CF) to be delivered to SICL, setting out a set of minimum requirements in the delivery of compliance functions across SICL (including but not limited to policy, procedure, process, manuals, monitoring programmes and reporting), and to be responsible for the production of an annual assessment for review by the Audit, Risk and Corporate Governance Committee (ARCGC).
To manage the production of Risk & Compliance reports for Boards, audit committees and management forums, including SICL ManCo, ExCo, Group ManCo, Pillar Governance Meetings and Audit Committees.
To act as the coordinator and relationship owner within Risk & Compliance for RegTech platforms used within the department.
To provide oversight and management of the implementation of all agreed recommendations arising from the Compliance Monitoring Plan, and make recommendations for improvement to the ARCGC and ExCo, attending such committees as required, liasing with the Compliance Monitoring Manager as required.
To ensure that all relevant regulatory returns are submitted in accordance with regulatory requirements.
To identify and manage any regulatory breaches within the Company
To implement, oversee and ensure the efficacy of, the Regulatory Change process, ensuring that these are highlighted, assessed and escalated to ExCo, ARGCC and FCG Ltd as required.
To ensure findings of any reviews undertaken by relevant regulatory bodies are brought to the attention of the relevant senior fora and to ensure that appropriate action is taken to address any requirements and recommendations arising from such as reviews, liaising with the Compliance Advisory Manager with regards to this.
To be primarily responsible for the management of regulatory change and to act as an advisor to senior management on regulatory matters.
To maintain the Regulatory Actions Tracker, ensuring any GFSC queries are responded to in full as required
To be responsible for the production of the Regulatory Reports for review by the SICL Audit, Risk & Corporate Governance Committee, and Board.
Comply with the requirements, and act in accordance with, the Group Code of Conduct and Fitness and Propriety Policies.
To deputise for the Head of Risk & Compliance in Compliance related matters.
To provide independent review of performance in relation to TCF and Conduct Risk.
To be responsible for the management of the Compliance department, and the relationship management of any outsourced service providers.
Substantial understanding of regulatory rules, regulations, principles and codes of practice and of the wider regulatory and legislative framework affecting the financial services sector
Material understanding of motor insurance products, premium finance and the motor insurance industry
Operating at senior management level within an Gibraltar FSC or similarly authorised business
Substantial compliance experience in financial services, preferably insurance sector
Excellent knowledge of Solvency II
Business and functional management
Strategic thinking and decision making
Analytical thinker with clear ability to distil into key points
Excellent communication skills (oral and written) and numeracy
Excellent influencing skills, and credible at a senior level
Ability to question and obtain information from others
Strong attention to detail
Problem solving, with the ability to translate issues and find resolutions
Excellent organisation, with the ability to meet tight deadlines
Competent use of IT and software (i.e. Excel, Word and Powerpoint)
High level of integrity and reliability
Leadership on values and corporate policies (including “TCF”)
Calm and confident under pressure
Demanding and supportive
So, if you’re up for the challenge and would like to join our vibrant and busy team, we want to hear from you today.
We pride ourselves on being a great place to work. Check out our Glassdoor page to see what our employees think about working here.
What can we do for you?
We believe we can offer you a great working environment as we’re so passionate about our people. Here are just some of the benefits and perks that we offer…
- Fantastic training and development opportunities
- Employee benefit packages to suit your lifestyle
- Flexible working
- YOUday – we give you an extra day off to celebrate a special day
- The opportunity to take a paid day off each year to do charity work
- A health cash plan
- Help with travel expenses
- The opportunity to buy additional holiday
- Company pension scheme
- Group life assurance
- Enhanced maternity and paternity pay
- Professional subscription fees paid
Employee wellbeing is high on the agenda here too. We provide a weekly free fruit delivery, discounted membership at a local health club and access to an Employee Assistance Programme, which promotes physical and emotional wellbeing at work and at home. In addition, we provide wellbeing events throughout the year to support physical and mental health.
For further information on what we can offer and to learn more about this role, feel free to contact our dedicated Recruitment team.