Group Risk & Assurance Officer

at PIB Group
Location Birmingham
Date Posted November 27, 2019
Category Default
Job Type Full-time


Group Risk & Assurance Officer

PIB is a new, dynamic, entrepreneurial, client centric and rapidly growing insurance broker and employee benefits provider. Since April 2016, it has completed more than 20 acquisitions and has grown from 50 to 1200 people, sited in more than 40 offices across the UK & Ireland. The aim of PIB is to create the UK's leading independent diversified specialist insurance intermediary, and a business that can provide a genuinely credible alternative to the larger and more established brokers.

As an acquisitive and ambitious business, the company needs a strong, diligent, capable and commercial Group Risk & Compliance function that supports the business deliver its strategy, future growth, aspirations and continues to meet its colleagues, Board, partners, regulators and investor's expectations.

Position: Group Risk & Assurance Officer
Location: UK with travel
Job type: Full Time, Permanent
Hours: 35 hours per week
Salary: Excellent + Benefits

Group Risk & Compliance ('GRC'):

The PIB Group Risk & Compliance function is led by Group CRO Tim Chadwick. Tim has 25+ years' experience in risk, compliance, corporate governance and prior to PIB was the Group Head of ERM at Jardine Lloyd Thompson. He has held senior roles within Willis Towers Watson (UK CRO/Risk Director) and AON (e.g. UK Head of Corporate Governance) and RSA (e.g. Global Head of Business Continuity & Crisis Management). Tim reports to the PIB Group CEO Brendan McManus and sits on the Group Exec and the UK regulated firms' Boards.

The CRO with his leadership team is continuing to grow and build a leading, high performance GRC function that can support and oversee a changing and vibrant business in managing the risks that matter. At a macro level, the key challenge for the GRC function is ensuring that risk management, regulatory compliance and governance keeps pace with the growth of PIB, and that these crucial elements are robust, proportionate and commercially pragmatic.

The Role:

The role sits within GRC (2LOD) in the Risk & Assurance team and reports to the Head of Risk & Assurance which is held by Luke Everall. Luke has 20 years' experience in risk, compliance and internal audit. He has also held operational and broking roles within the general insurance broking industry for 10 years. Prior to PIB he was Head of Compliance for Lorica Insurance Brokers and has held senior compliance positions within Towergate Insurance and Cullum Capital Ventures. Luke reports to the CRO.

Providing regulatory assurance on our growing footprint is critical to our oversight role and the company's overarching governance. This role plays a key role in assessing the level of compliance and regulatory maturity of PIB's businesses and potential regulatory and client outcome risks. This is accomplished by carrying out risk based monitoring and thematic reviews across the business, identifying and recommending a programme of proportionate risk mitigation across a broad range of business activities.

The role requires the role holder to:

- Be able to act as a 'critical friend' to the business, delivering constructive challenge and identifying solutions to address issues that are identified;
- Have a strong understanding of the UK's regulatory regime as it applies to general insurance activities;
- Have excellent communication (verbal and written), stakeholder management, influencing, teamwork and analytical skills;
- Have excellent planning and execution skills and be able to work objectively and independently, producing work within agreed timescales to a high standard; and,
- Travel to a range of UK destinations to undertake fieldwork.

This role involves working with a wide range of senior stakeholders across the PIB businesses and working with other areas of GRC such as the Group Conduct Officers/Compliance Business Partners.

The Person:

The ideal person for this role combines strong technical subject matter expertise, communication, analysis and stakeholder management skills and:

- Has previous experience of undertaking a similar compliance monitoring/assurance role ideally in other brokers or insurers, or other areas of financial services. Likely to have 3-5 years compliance monitoring experience;
- Is a confident, persuasive and articulate communicator and capable of robust dialogue;
- Proven track record in delivering practical and actionable recommendations that are understood, taken on board and delivered by the business;
- Strong technical, practical and working knowledge of FCA GI regulation, ideally with London Market and MGA experience, knowledge of other relevant regulation/legislation such as GDPR and IDD are required, and a basic understanding of risk management principles would be beneficial;
- Likely to be educated to degree level and ACII or compliance qualification would be an advantage; and,
- Enjoys working in a dynamic and changing environment across a wide range of subject matter and business operations and working autonomously and as a member of the team.

PIB are flexible on the location for this role for the right candidate.

Further information:

PIB Group is an equal opportunities employer, committed to hiring a diverse and inclusive workforce. We do not discriminate on the basis of race, colour, gender, religion, disability, age, sexual orientation or any other characteristic protected by law.

Talk to us about Flexible Working

Your application will be treated in the strictest confidence.

You may have experience of the following: Group Risk and Assurance Officer, Risk Officer, Risk Management, Assurance Officer, Compliance, Compliance Manager, Compliance Monitoring, Compliance Monitoring Officer, Senior Compliance Officer, Auditor, Regulatory, Insurance, ACII, etc.

Ref: 90561

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