Executive Compliance Business Partner

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. ROLE PURPOSE: The job holder will be allocated a specific Division within the UK&I Specialty Pillar, for which that individual will be appointed as their dedicated Executive Compliance Business Partner to provide Compliance support and oversight. The job holder will develop business relationships and work alongside the Senior Management and other key stakeholders within their dedicated Division to support it in ensuring that it has appropriate and effective understanding, interpretation, application, and implementation of regulatory expectations within its governance, strategy, decision making, operational processes and people policies. The job holder will develop an in depth understanding of the strategic, commercial and operational activities of their allocated Division and be able to maintain an up to date regulatory risk profile for that Division, which shall be presented on a regular basis to the relevant governance forums. This risk profile must be suitably robust to enable the individual to develop and maintain an annual plan and strategy for providing the necessary compliance support and oversight to their Division. The plan must dovetail with the overarching Compliance Plan. The individual must ensure that regulatory matters, concerns and risks of the Division are visible and reported in a timely manner to both the Divisional Senior Management and to the appropriate assurance committee, to ensure appropriate action and oversight by both the first and second line of defence. The individual will be expected to act in an advisory and consultative role in supporting the Division with the interpretation and application of regulatory expectations. However, the individual will not be expected to develop and implement the Division's systems and controls, which should continue to be owned by the business as the first line of defence. The individual will be the primary point of contact of their Division for key strategic, commercial or operational initiatives (for example, restructuring, acquisitions and integrations). However, the individual must liaise with and utilise the services and expertise of the other Specialty and Central Compliance Functions as necessary. Planning (and Strategy): Maintain an up to date regulatory risk profile of the Division. Develop a framework with the Divisional Senior Management to incorporate Compliance at appropriate strategic and decision making forums. Develop and maintain an annual Compliance Plan which is suitable based on the strategic objectives and its regulatory risk profile. This must dovetail with the overarching Compliance Plan Develop and provide the Division with a clear terms of reference, setting out the scope, role and responsibility of the Executive Compliance Business Partner. Determines own work priorities and activities in line with agreed objectives to ensure the planning and achievement of the Annual Compliance Plan. Works closely with the other Compliance Function Managers, to ensure the co-ordination of deliverables. Participates in specific initiatives/projects to conduct research, review and consider more effective controls. Provides input into the plans of the wider Compliance Function in order to ensure these include appropriate considerations for delivery. Manages assigned projects and contributes to other projects as required. Provides relevant management information relating to their specified division(s) to senior management and governance fora. Works closely with the first and second line monitoring functions to determine whether or not conduct risk and general compliance related metrics are suitably designed and incorporated and, where issues are identified, are being addressed in a timely manner. Prepares an approach to provide the Head of Compliance with regular updates on progress against key deliverables and tasks, as defined within the Compliance Plan for that Division. Technical: Prepares and submits for review and approval, a Compliance Plan and Strategy for the Division under their responsibility. Develops an in-depth understanding of the nature of each division within their remit (including their Appointed Representatives) and their respective conduct and regulatory risk profiles. Develops and maintains a process to measure and monitor the conduct and re