Treasury Risk and Compliance Manager

Responsibilities

• Compliance Oversight
• Develop, implement, and maintain compliance frameworks for insurance treasury operations, including investment portfolio management, cash management, reinsurance collateral, and derivative hedging programmes
• Monitor Financial Conduct Authority (FCA) regulations affecting treasury and investment activities
• Conduct regular compliance reviews and audits of treasury processes, investment transactions, and regulatory reporting
• Oversee compliance with own risk and solvency assessment (ORSA) requirements and help to maintain adequate capital buffers
• Policy and Procedure Management
• Design and update treasury and investment policies in alignment with FCA regulations and organisational objectives
• Ensure investment policy statements comply with the prudent person principle and regulatory investment requirements
• Document compliance processes and maintain comprehensive procedure manuals for regulatory reporting requirements
• Establish key risk indicators (KRIs) and compliance metrics to monitor investment concentration limits, quality standards, asset diversification, and look-through requirement
• Risk Management
• Identify, assess, and mitigate compliance risks within insurance treasury and investment operations
• Collaborate with internal audit, legal, SOX and enterprise risk management teams to address compliance gaps
• Monitor asset-liability management (ALM) compliance and matching adjustment portfolio requirements
• Develop and execute remediation plans for identified compliance deficiencies, including PRA supervisory findings
• Training and Communication
• Provide compliance training and guidance to treasury staff on UK insurance regulatory requirements
• Serve as the primary point of contact for PRA supervision visits and regulatory inquiries related to treasury activities
• Prepare compliance reports for senior management, board investment committee, and insurance regulators
• Coordinate responses to FCA information requests, thematic reviews, and regulatory data submissions
• Foster a culture of compliance awareness across the organisation
• Systems and Controls
• Evaluate and enhance controls within treasury management and investment accounting systems
• Ensure accurate preparation of Solvency II regulatory returns, including QRTs (Quantitative Reporting Templates) and narrative SFCR submissions
• Participate in system implementations and upgrades to ensure compliance with Solvency II and UK GAAP/IFRS reporting requirements
• Conduct periodic testing of controls to verify effectiveness and accuracy of regulatory filings
• What qualifications we're looking for
• Required Qualifications
• Bachelor's degree in Finance, Accounting, Business Administration, or related field preferred
• 5-7 years of experience in insurance treasury, Corporate treasury, compliance, or regulatory reporting within the UK insurance sector
• Strong understanding of Solvency II requirements, FCA regulations, and UK insurance investment compliance
• Experience with insurance investment portfolio management and asset-liability management principles
• Professional certification such as CFA, ACII, CISI, ACA/ACCA, or similar credential preferred
• Familiarity with Solvency II reporting tools and investment accounting platforms
• Key Competencies
• Excellent analytical and problem-solving skills with attention to detail
• Strong written and verbal communication abilities
• Ability to interpret complex regulations and translate them into practical business applications
• Proficiency in treasury management systems and Microsoft Office Suite
• Strong organisational skills with ability to manage multiple priorities
• Ethical judgement and integrity in handling sensitive financial information
• What do we offer in return?
• A career that you define. At Howden, we value diversity - there is no one Howden type. Instead, we're looking for individuals who share the same values as us:
• Our successes have all come from someon

Benefits

Additional Information

Who are we? Howden is a global insurance group with employee ownership at its heart. Together, we have pushed the boundaries of insurance. We are united by a shared passion and no-limits mindset, and our strength lies in our ability to collaborate as a powerful international team comprised of 24,000 employees spanning over 56 countries. People join Howden for many different reasons, but they stay for the same one: our culture. It's what sets us apart, and the reason our employees have been turning down headhunters for years. Whatever your priorities - work / life balance, career progression, sustainability, volunteering - you'll find like-minded people driving change at Howden.

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