Responsibility for the ongoing development and implementation of the oversight and day-to-day operation of the Regulatory Compliance Framework including:

·       Establishing the Regulatory Risk Universe.

·       Operation and maintenance of suitable policies and procedures to advise the business around their regulatory obligations and the systems and controls in place to manage these.

·       Documenting an annual Compliance Monitoring Plan and ensuring members of the Compliance team undertake  the monitoring activity within the Plan.

·       Documenting an annual Compliance Training Plan and the provision of specific Compliance Training where required.

·       Maintain an effective system for communicating relevant regulatory updates to the business, providing advice as necessary regarding suitable business response.

·       Liaise with Lloyd’s and other regulators, market associations and the corporate parent, facilitating their reviews of the business.

·       Take the lead in analysing new business opportunities to ensure they are executed in a compliant manner.

·       Oversight of sanctions batch screening and match clearing process.

·       Responsibility for Complaints Management and Complaints Reporting.

·       Act as the Business contact  in relation to data protection compliance as set out in the WRBC Data Privacy Organistational model.

·       Responsible for the co-ordination and implementation of the Senior Managers & Certification Regime ensuring any future changes in regulation are communicated and incorporated into policy and procedures.

·       Provide regulatory advice to the Product Oversight Group and the wider business in respect of the UK regulators expectations relating to Product Governance

·       Document a product Governance Framework that is appropriate for the profile of BSL

·       Provide assistance in the oversight and co-ordination of the business’ annual Lloyd’s Oversight Principles self-assessment , and to provide updates on any outstanding actions.

SHARED RESPONSIBILITIES

·       In conjunction with Corporate Governance,  conduct quarterly reviews of the Management Responsibilities maps and associated documents for EMC review, ensuring all material changes to the SMCR and CP structure are reported to the regulators (Lloyd’s/PRA/FCA).

·       In conjunction with Corporate Governance,  execute the Fit & Proper process ensuring all annual assessments are completed in respect of PRA/FCA senior insurance managers (SMCR), and Certified Personnel  (‘CP’).

·       In conjuction with Corporate Governance Co-ordinate with HR the maintenance and upkeep of all SMCR and CP job descriptions.

·       In conjunction with HR, ensure training requirements are in place and carried out for all SMCR and CPs.

·       Work with Corporate Governance and HR on all staff conduct training.

·       Line Manager / Senior Manager Regulatory Compliance reporting and/or escalation to the relevant Board and Executive Management Committee (Director of Compliance)

·       Provision of Compliance advice for the business including specific requests from the underwriting and claims functions around sanctions, distribution, conduct, licensing and ad-hoc  

·       Establishing the structure for Regulatory Risk Assessments and undertaking the assessments where appropriate

·       Maintain an effective system for communicating relevant regulatory updates to the business, providing advice as necessary regarding suitable business response.

·       Provision of specific Compliance Training where required Represent the Compliance Function as necessary at various groups and management committees, contributing to Company projects as necessary

·       Provide ad-hoc compliance duties where required, contributing to company projects as necessary