Regulatory Risk Manager

At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field from data, technology, customer care and auto repair, to HR, finance and procurement , we’re a customer-obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.

DLG's growth is supported by our Risk function. From Regulatory Liaison, Regulatory Advice and Compliance Management Information to Privacy and Data Protection, our Risk and Compliance teams keep us one step ahead, always. With links to every part of the business, and the responsibility for keeping people safe and compliant with all regulatory, claims, and underwriting controls, we’ve got opportunities to develop your skills no matter your specialisation.

We are currently recruiting for a Regulatory Risk Manager to join us on a full-time and permanent basis.

The role:

Reporting to our Head of Technical Policy and Advice, you will provide expert subject matter advice and guidance to the business on new regulatory developments and compliance with all relevant Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA) regulatory requirements.

Who you'll be working with:

You’ll work with multiple business areas across Direct Line Group, building a strong network of contacts to provide advice and guidance on risk and compliance matters.

What you'll be doing:

• Support the development, delivery, and implementation of Direct Line Group’s (DLG’s) strategy for the management and mitigation of regulatory and compliance risk and conduct risk.
• Identify, own and manage the regulatory risks involved in running the business, in line with the Direct Line Group risk framework.
• Proactively identify and analyse sources of key new or revised regulations or UK Government legislation in order to assess the potential impact on DLG and ensure key internal stakeholders are appropriately informed of relevant issues on a timely basis; coordinate DLG’s responses to regulatory consultations and support the effective delivery of these views to the regulators and other relevant fora.
• Develop a network of contacts in business functions and leverage these relationships to enhance the compliance function’s knowledge and understanding of material risks to regulatory compliance; communicating all key, relevant compliance issues on a timely basis in order to achieve compliant, pragmatic solutions to business issues.
• Contribute material and relevant regulatory conduct matters to the Compliance reports to the Board, Board Risk Committee, and Risk Management Committee

What we're looking for:

We are looking for a Regulatory Risk Manager to provide expert subject matter advice and guidance on regulatory developments.  You’ll have:

• experience with regulatory change, and the ability to understand regulatory developments and their relevance to our business
• the ability to build and maintain effective relationships with stakeholders and provide advice and guidance to the business on regulatory compliance and conduct risk issues.
• the ability to communicate complex pieces of information to colleagues at all levels in a clear and simple way
• clear verbal and written communication and presentation skills that enable you to draft responses to regulatory consultations

Hours: 35 hours (Monday - Friday)

Hybrid working:

Our hybrid model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone. When you'll be in the office depends on your role, but most colleagues are in 2 days a week, and we'll consider the flexible working options that work best for you.

You'll need to be a commutable distance from either our London, Leeds or Glasgow offices.

Read our flexible working approach here

Benefits
We recognise we wouldn't be where we are today without our colleagues, that's why we offer excellent benefits designed to suit your lifestyle:

• Generous 9% employer pension. Regardless of whether you contribute into your pension or not, DLG pay 9% into your pension (but you can take this as cash if you want!)
• Eligibility for annual performance bonus of up to 10%
• You begin with 25 days of holiday entitlement (excluding bank holidays). For every year you complete a full years’ service by April 1st, you accrue an additional day – with a max of 28 days. Plus you have the option to buy or sell up to 5 days each year!
• 50% off home, motor and pet insurance
• Free travel insurance and Green Flag breakdown cover
• Electric Vehicle car scheme which allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way
• Private medical cover is available to buy through our flexible benefits scheme
• Buy-as-you-earn share scheme
• Retail discounts and cashback for everyday shopping expenses!
• Income protection for 50% of your salary for 5 years, fully paid by us!
• Life assurance of 4x your salary

Being yourself

Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.

We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.

Collectively we help every business within our group aim higher. Standing shoulder-to-shoulder to stand out in the market, we want to be an insurance company of the future. And with so many areas to choose from, your ambitions are welcome here. See your opportunity to start a career that’s varied, distinct and exciting. Visit directlinegroupcareers.com

Together we’re one of a kind.

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