Raj is a Compliance & Regulatory specialist with over 20 years of experience and has an in depth understanding of the regulatory environment and regulator’s expectations of firms.
Raj previously worked at the Personal Investment Authority (PIA), subsequently the Financial Services Authority (FSA), where his responsibilities included providing guidance to firms on pension reviews, pension review monitoring and leading and assisting on key thematic reviews within the Retail Themes Department.
In 2006, Raj moved into general insurance joining Marsh Ltd.’s Compliance Technical & Policy Services team, and subsequently became the Head of Compliance Technical & Policy Services. In 2011, Raj was appointed Head of Compliance and went on to build a proactive Compliance function including building a new Financial Crime & Information Security team. Compliance and regulatory oversight/ monitoring responsibilities included insurance, reinsurance, MGA, insurer services to various client types from FTSE 100 companies to consumers covering UK and international business.
Raj oversaw and prepared the firm for regulatory interactions and regulatory submissions and regulatory reviews including Conflicts of Interest, Conduct, Prudential, Firm Evaluation Reviews while also undertaking internal Governance & Effectiveness reviews and leading key regulatory change projects such as IDD, SM&CR, Competition and Retail Distribution. Raj also led the Compliance workstreams on several high-profile acquisitions including successful Change in Control applications.
Since joining Padda Consulting, Raj’s roles have included working with a leading global bank providing oversight and challenge to global whistleblowing investigations and working with insurance firms focusing on Complaints and Operational Resilience.