Head of Regulatory Developments

This review offers an in-depth look at the Head of Regulatory Developments role at Bupa, designed to help prospective candidates understand the unique advantages and critical considerations of this significant opportunity.

Head of Regulatory Developments: A Strategic Leadership Opportunity at Bupa

Bupa's commitment to helping people live longer, healthier, happier lives, coupled with its customer-centric, not-for-profit model, creates a compelling environment for professionals dedicated to ethical and impactful work. The Head of Regulatory Developments position is central to this mission, placing you at the vanguard of regulatory compliance within Bupa's UK insurance entities.

Key Advantages for Candidates:

• Strategic Impact: This role offers the chance to directly influence Bupa's regulatory strategy and shape a culture of integrity and transparency. Your work will be vital in ensuring Bupa operates at the highest regulatory standards, directly benefiting customers.
• Leadership in a Dynamic Landscape: You will be at the forefront of regulatory change, leading engagement with key UK regulators like the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). This provides an exciting opportunity to navigate and influence the evolving regulatory landscape.
• Cross-Functional Influence: Collaborating closely with the Chief Compliance Officer and Insurance CRO, you'll have a significant voice in advising on complex regulatory matters, supporting critical project deliveries, and ensuring robust compliance frameworks are maintained.
• Comprehensive Oversight: The role encompasses overseeing Senior Managers and Certification Regime (SMCR), managing regulatory returns (such as RMAR and complaints reporting), and providing crucial second-line oversight.
• Commitment to Employee Wellbeing: Bupa's comprehensive "Viva" wellbeing program, flexible working options, and family-friendly benefits demonstrate a genuine commitment to supporting employees' holistic health and work-life balance.
• Career Growth and Development: With opportunities for career advancement and continuous learning, Bupa fosters an environment where employees can grow and develop their expertise.
• Meaningful Purpose: Beyond the professional rewards, this role allows you to contribute to a purpose-driven organization that prioritizes customer welfare and societal well-being.

Key Considerations for Your Career Path:

• Extensive Regulatory Expertise Required: The ideal candidate will possess significant experience in a senior regulatory advisory role, preferably within the financial services or insurance sectors. A deep understanding of UK and international regulatory frameworks, including SMCR, is essential.
• Navigating a Three-Lines of Defence Model: A proven track record of operating effectively within a three-lines of defence model is a critical requirement, demanding a nuanced understanding of risk management and compliance structures.
• Strong Communication and Influencing Skills: The ability to articulate complex regulatory concepts in a clear and accessible manner to diverse stakeholders, and to influence decision-making, will be paramount to success in this role.
• Team Leadership Experience: Experience in managing diverse teams is expected, highlighting the need for strong leadership and people management capabilities.
• Solutions-Focused Approach: A proactive, solutions-focused mindset is key to effectively addressing emerging regulatory challenges and driving positive change.
• Commitment to Customer Fairness: A genuine commitment to treating customers fairly and promoting a positive conduct culture is not just a requirement but a core tenet of Bupa's operations.

The Head of Regulatory Developments position at Bupa presents a unique opportunity for a seasoned regulatory professional to make a substantial impact within a reputable, purpose-driven organization. It's a role that demands strategic thinking, robust expertise, and a strong ethical compass, offering significant professional growth and the chance to contribute to a better world of health.