Compliance Manager chez Gen Re Corporation

About Us

Faraday is part of the General Re Corporation, a wholly owned subsidiary of Berkshire Hathaway. In this respect we have a uniquely solid and stable financial capability.

Faraday's Syndicate 435 at Lloyd's underwrites Aviation, Casualty (North American Specialist Lines, Financial Lines, International Casualty and UK Liability Insurance), Property (Direct & Facultative and Treaty), Accident & Health, Agriculture and Energy.

Ten distinct teams underwrite a diverse range of risks worldwide both on an insurance and reinsurance basis, developing close and mutually supportive relationships with clients and brokers in our chosen markets. Our customers are at the heart of everything we do.

We are currently offering an excellent opportunity for an Interim Compliance Manager to join the Faraday Compliance Team on a 12-month fixed term contract. 

Context and Purpose of the Role of the Role

The Faraday Compliance Function is responsible for all aspects of the Faraday compliance framework, including conduct risk, financial crime, Lloyd’s Principle Based Oversight, SMCR and regulatory reporting. It is also responsible for delegated authority management and complaints handling.

We are seeking an Interim Compliance Manager to support the team in these activities. The ideal candidate will be able to work independently, offer insight and opinions on compliance matters, and work collaboratively with the team and the business.  The role would suit an experienced Lloyd's market Compliance Professional looking to join a small team and make a significant contribution. 

Key Responsibilities

 ·    Take a lead role in supporting Faraday's Consumer Duty and Fair Value frameworks, including coordinate Product Risk Assessments and coordinating consumer duty and fair value assessments, monitoring and annual reports

·       Manage complaints, including investigations, writing response letters and managing reporting to Lloyd’s and FOS.

·       Assist with financial crime and sanctions assessments.

·       Respond to queries from the business on financial crime and sanctions matters

·       Support team with Lloyd's and FCA regulatory reporting

·       Support Compliance Monitoring Programme

·       Assist with SMCR and other related governance matters

·       Support the Head of Compliance with compliance implementation projects

·       Assist with horizon scanning and regulatory change projects

·       Assist with PBO assessments and reporting

 ­­Competencies:

 ·       Excellent oral and written communication skills, with the ability to articulate complex compliance  matters clearly and concisely to various audiences.

·       Experience in presenting and communicating effectively at Committees, Boards, or similar forums.

·       Friendly, approachable, and professional demeanour.

·       Excellent planning and organisation skills, with the ability to manage multiple tasks effectively and drive projects to completion, demonstrating a proactive approach to problem-solving and task management.

·       A strong focus on completing activities to meet internal and external reporting deadlines, with a pragmatic and solutions-oriented approach and a commitment to developing collaborative relationships with business stakeholders.

·       Demonstrates initiative in identifying and addressing issues, performing thorough analysis, and developing effective solutions.

·       Adopts a pragmatic and proportionate approach to problem-solving.

·       Ability to work effectively with minimal supervision

Experience & Qualifications

 ·       Proven experience in Compliance within the general insurance industry. Experience within the Lloyd's Market is highly desirable.

·       Strong understanding and experience of conduct regulations, complaints and product governance required.

·       Experience of financial crime and Lloyd’s regulatory reporting desirable.

·       Experience in preparing high-quality reports and presentations for Senior Management review.

Closing Date

10 October 2025

Address

Corn Exchange
55 Mark Lane
London, EC3R 7NE (UK)

It is the continuing policy of the Gen Re Group to afford Equal Opportunity to qualified individuals without regard to race, colour, sex (including childbirth or related medical conditions), religion, national origin or citizenship, sexual orientation, gender identity, or any characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.