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Regulation Adviser

4 months ago

Dublin Dublin Ireland Royal London Full time

Job Title: Regulation Adviser

Contract Type: Permanent

Location: St. Stephen's Green, Dublin 2

Working style: Hybrid 50% home/office based

Closing date: 4th April 2024

Royal London Ireland is seeking applications for a Regulation Adviser to join our People team on a permanent basis.

This is a new role to support Royal London Ireland in managing the upcoming regulatory changes. The Regulation Adviser will work with the CF1 role holder to ensure compliance with the regulatory requirements of the Central Bank of Ireland and engage key People team stakeholders as required.

This is a key role within the Royal London Group People Regulation and Policy team. As part of this, you will be developing, maintaining and managing the strategy for people related regulations and policies across all parts of the Royal London Group in the UK and Ireland.

About the role

  • Support the Head of People Regulation and Policy on all people related regulation and policy matters.
  • Manage the day-to-day Senior Executive Accountability Regime (SEAR), Minimum Competency Code (MCC) and Insurance Distribution Directive (IDD) activity including Management Responsibilities Maps and Statements of Responsibility, and production of relevant MI and reporting.
  • Support relevant people related operational processes, e.g., oversight of Fit & Proper Assessments, Certification etc.
  • Maintain, optimise and stay abreast of all regulations which impact people.
  • Develop relationships with key stakeholders including external bodies to ensure the business is operating in a fully compliant manner.
  • Provide advice and assistance on people regulation matters to the Group People Team and Ireland business.
  • Implement appropriate developments and amendments across policies, procedures, and systems.

About you

  • Strong knowledge and understanding of insurance/ asset management / Financial Services sector regulations in Ireland.
  • Strong knowledge and interpretation of the relevant Central Bank of Ireland regulations to advise Royal London colleagues.
  • Experience of embedding new policies and regulations.
  • Ability to handle internal reporting and audits and translate findings.
  • Excellent communication skills, both written and verbal
  • Ability to research and acquire detailed knowledge of all relevant regulations.
  • Attention to detail and analytical skills.

About Royal London Ireland

Based in our city centre location on St Stephen's Green in Dublin 2, Royal London Ireland is a fully owned subsidiary of the Royal London Mutual Insurance Society Limited, the largest mutual life, pensions, and investment company in the UK. We are authorised by the Central Bank of Ireland and provide protection products through Financial Brokers across Ireland. Our excellent customer service and mutual mindset means we take a longer-term view and focus on providing best customer outcomes.

Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.

We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to public holidays, up to 14% employer matching pension scheme contribution and a contribution to private medical insurance. You can see details of our benefits here - Our Benefits . Please note benefits for colleagues in the UK and Ireland may vary, please ask our team for details.

Inclusion, diversity and belonging

We're an inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected - whatever their background.