Head of Risk and Compliance, AAUICL

Location: London (Hybrid working, 3 office days per week)

Employment Type: Permanent

• Annual bonus, car allowance and private medical insurance
• Lead the Risk and Compliance function for The AA’s Gibraltar-regulated insurance company, with direct exposure to the AAUICL Board and senior leadership.
• Shape risk, capital and regulatory decision-making across the end-to-end insurance value chain, including underwriting, claims and customer outcomes.
• Build broad senior stakeholder and regulatory exposure across AAUICL, AA Group functions, the GFSC and key outsourcing partners.

For over a century, The AA has been keeping Britain moving. Today, millions of drivers trust us to be there when it matters most, and we're equally committed to supporting the people who make that possible. With a 4.5-star Glassdoor rating, we've built a culture where colleagues are empowered to grow, collaborate and make a real impact for our customers on every journey.

Which has been recognised by Sunday Times “Best Places to Work” for the last two years.

If you enjoy turning complex risk and regulatory matters into clear decisions, this is a role where your judgement and influence will have real impact.

Reporting to the CEO of AAUICL, with a functional reporting line to the Group Chief Risk Officer, you’ll lead the identification, assessment, management and oversight of risk across The AA’s Gibraltar-regulated insurance company. You’ll help ensure AAUICL maintains effective risk management and compliance frameworks, meets its Gibraltar regulatory obligations and supports relevant UK requirements across its business and distribution model.

As an independent second-line leader, you’ll shape risk appetite, ORSA, capital management, operational resilience, compliance monitoring and oversight of material business change. Working with the AAUICL Board, senior leadership, Group Risk and Compliance colleagues and outsourcing partners, you’ll provide clear challenge and advice across underwriting, claims, conduct and customer outcomes.

You’ll lead a small Risk and Compliance team and build strong first-line ownership of risk, controls and good customer outcomes. You’ll thrive here if you can combine technical depth with sound judgement, constructive challenge and the ability to make complex issues clear for senior stakeholders and regulators.

• Own and continually improve AAUICL’s enterprise risk management framework so risk appetite, policies, controls, key risk indicators and reporting support effective Board and management decisions.
• Lead the annual ORSA, integrating business planning, capital management, stress and scenario testing and credible management actions to give a forward-looking view of AAUICL’s risk and capital position.
• Provide independent second-line challenge and evidence-based assurance to the Board, Audit, Risk and Compliance Committee and executive management on material risks, controls, regulatory compliance, capital decisions and material business change.
• Act as Risk Function Holder and Compliance Function Holder, subject to GFSC approval, and maintain constructive regulatory relationships while coordinating notifications, returns and relevant Solvency II submissions.
• Oversee compliance monitoring, regulatory change and conduct and customer-outcome risks across AAUICL’s business model, helping ensure issues such as fair value, complaints, vulnerable customers and claims outcomes are understood and acted on.
• Challenge risk and compliance across outsourcing and intra-group arrangements, including due diligence, performance monitoring, continuity planning and operational resilience, to strengthen oversight across the end-to-end insurance…