PRA Regulatory Affairs Manager

Job description

Location: Guildford/London/Bournemouth (Hybrid - 2 days per week in the office)

Salary: Dep on exp + benefits 

 

Who we are

Allianz is a global insurance company serving across 70 different countries, but from the very first day you join our team you’ll know that your contributions are valued. We offer world class learning and career development opportunities, while we celebrate an inclusive culture.

 

Role Description

The purpose of this role is to support the Director of Conduct and Regulatory Affairs to deliver proactive and pragmatic second line Compliance support to the regulated companies within the Allianz UK group of companies. The role will manage Allianz UK’s ongoing relationship management of the Prudential Regulation Authority (PRA), horizon scan for new PRA regulatory requirements and provide Compliance advice in relation to such requirements. [TP(U1]  

 

Key Responsibilities

·   Supports the Director of Conduct and Regulatory Affairs in the delivery of timely and pragmatic support for regulatory engagement and interpretation of regulatory requirements relating to the PRA
·  Provides comprehensive tracking of all regulatory actions and deadlines
·  Undertakes horizon scanning of UK financial services regulatory publications, providing timely and relevant analysis
·  Creates Regulatory Affairs reporting for the Director of Conduct and Regulatory Affairs for submission to the relevant AzH Committees
·  Supports the Director of Conduct and Regulatory Affairs in the second line compliance interpretation of regulatory change and review of forthcoming PRA requirements  
·  Supports with the organisation, planning and management of ongoing meetings between the Compliance function and/or relevant AZUK SMF holders and the PRA Supervision Team
·  Supports the AZUK business and project portfolio with Compliance advice given knowledge of PRA regulatory requirements
·  Monitoring of the AZUK PRA Mailbox and notifications to regulators, with ongoing engagement with the business and Risk function to ensure regulatory deadlines and deliverables are provided to the PRA as required

 

Skills & Experience

·  Excellent understanding of PRA regulations, Solvency II requirements, current UK general insurance market practice and issues.
·  Fundamental technical knowledge relating to financial risk and resilience, risk management frameworks and current topics of heightened PRA regulatory interest.
·  Excellent influencing, planning and organisational skills.
·  Excellent relationship and stakeholder management skills.
·  Ability to work proactively and under pressure.
·  Excellent communication ability – written and oral.
·  Sound analytical and data interpretation skills
·  Sound pragmatic judgement and an awareness of the UK financial services regulatory environment
·  Educated to further education level or equivalent.
·  Broad knowledge and experience of financial services, working within a governing function or role (general insurance compliance experience preferable)
·  Experience of interpreting regulatory and legal requirements within a general insurance environment
·  Previous experience of delivering on policy objectives within the first or second line of defence
·  Ability to work with multiple stakeholders and influencing effectively.

 

What We Will Offer You

 

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:

·  Flexible buy/sell holiday options
·  Hybrid working.
·  Annual performance related bonus
·  Contributory pension scheme
·  Development days
·  A discount up to 50% on a range of insurance products including car, home and pet
·  Retail discounts

Our Ways of Working

Do you need some flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen. 

Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

Our Purpose and Values

We secure your future

Be Brave | With Heart | Everyone Counts | Inspiring Trust

Our purpose and values are more than just words on a website - they are the why and how of Allianz. They influence everything we do and guide us how to do it. Created by our people, for our people, they shape our culture, bring us together, and inspire us to be the best. Building an inclusive culture for us all to succeed.

Diversity & Inclusion

At Allianz, we value diversity and inclusion and back this up with our accreditations. Allianz is EDGE certified for gender inclusion, members of the Women in Finance Charter, a Disability Confident employer, Stonewall Diversity Champion members, signatories of Business in the Community’s Race at Work Charter, and an Armed Forces Covenant gold standard employer.
 

We recognise the strength of neurodiversity in the workplace, and the far-reaching benefits of embracing a spectrum of thinking styles and innovative capabilities. We proudly welcome applications from neurodivergent and disabled candidates, and can offer tailored adjustments to remove barriers and set you up for success in your career.

At Allianz, we encourage our people to advocate for what they need, we listen, and we act – this could include providing assistive technology, ergonomic specialist equipment, mentoring and coaching, or flexibility in the way you work, among a wide range other adjustments.

  [TP(U1] Reworked from previous

Join us - Let’s Care for Tomorrow.