Michael is a senior executive in the field of risk and regulation in the financial services sector, with a strong focus on insurance. He has a deep understanding of business models in the insurance sector and the related risks.

He has founded Sicsic Advisory, the London based boutique consultancy focusing on financial services risk and regulation, in 2019. His team has a unique combination of expertise gained through direct industry experience, consulting roles and regulatory supervision leadership role in the UK insurance market.

Michael is a senior advisor to Spixii, the insurtech startup delivering AI driven solutions for insurers.

Before setting up his own company, Michael spent 4 years at the Financial Conduct Authority (FCA) as head of supervision for the general insurance retail sector. Formerly, Michael spent five years at Aviva Plc. as Global Operational Risk Director covering Life Insurance, Asset Management and Non-Life insurance. Previously, he worked over 10 years at GE Capital in various senior risk and finance positions across commercial and corporate finance activities.

He has extensive international experience covering credit risk modelling and capital allocation, financial risk and ALM, operational risk management and quantification, conduct of business, financial crime compliance and M&A activity across multiple jurisdictions.

He is a liveryman of the Worshipful Company of Insurers.

Areas of expertise:

Enterprise Risk Management and prudential requirement

Insurance Business Model and General Insurance Pricing

Regulatory Affairs

Governance, Culture & Conduct

Operational Risk Management and Quantification

Rhiannon is a senior consultant focusing on organisational culture. She works with leadership teams of organisations up to and including FTSE100s to bring about real and lasting transformation.

She draws on 15 years’ experience as a Director at Barclays, spanning a range of commercial and operational roles. Her interest in cultural change was sparked whilst implementing a Conduct Risk framework across their UK operations. She subsequently spear-headed an in-house Culture Programme to embed customer-centric behaviour across the organisation.

As a consultant she has worked with and coached Boards and Leadership teams to better understand and proactively manage the culture of the Board Room and beyond. This has varied from assessment of current culture and the effectiveness of values in driving behaviour to cultural transformation through the redesign of the organisation’s cultural ‘infrastructure’ (such as purpose, vision and values), people process and business controls.

Alongside assessment and Board coaching assignments, scale projects include a deep cultural assessment and change programme for an organisation with an insurance arm, behavioural change programme for a UK subsidiary of a FTSE 100 equivalent and cultural transformation for UK Building Society.

Areas of expertise:
Culture change

Caroline Beck is a senior consultant with a track record of solving regulatory issues for financial institutions and successfully delivering governance and risk projects. She has specialised in prudential risk management, governance, and compliance with a strong focus on banking, capital markets and asset management.

Caroline works with financial institutions on the practical impact of PRA/FCA requirements. This includes assessing and improving key documents such as Board and Committee Terms of Reference, Risk Frameworks and Policies, ICAAPs and ILAAPs, Recovery and Resolution Plans, reviewing risk and capital reporting processes both to Boards and to regulators and providing targeted training.

She has also led section 166 reviews on capital and risk management and reporting; advised new and potential UK bank applicants on business plans and financial projections and assisted new entrants with regulatory reporting and compliance.

Previously Caroline worked at BDO, Barclays Wealth, Santander UK and PwC.

Caroline is a chartered accountant and a member of the Chartered Institute for Securities & Investment.

Areas of expertise:

Prudential matters across financial services

Risk Management

Outsourcing

Sue is a senior consultant, focused on conduct, culture and governance, with extensive professional experience from small broker firms to large multinational banks and insurers.

With over 20 years’ financial services experience, Sue has a depth and breadth of regulatory knowledge gained in Big 4 and specialist consultancies, along with practical industry experience with roles as Head of Compliance with general insurers, insurance intermediaries and a mortgage and consumer credit firm. A key area of focus over recent years has been on General Insurance (including implementation of the Insurance Distribution Directive) as well as assisting a variety of firms in their implementation of the Senior Managers and Certification Regime.

Sue’s has built and led Compliance functions at insurers, intermediaries, mortgage, and consumer credit firms and managed a number of successful authorisations, for both UK (FCA) and Irish (CBI) entities.

Having started her career at Friends Provident in 1997, she gained her ACII qualification and was an examiner for the Chartered Insurance Institute.

Areas of expertise:

Consumer credit

SM&CR

Compliance function and framework

Stephen Rosling has worked in the UK financial services sector for over 30 years, holding senior customer, change, and conduct risk management positions in Aviva, Friends Life, and Friends Provident International. Stephen also has international experience having worked in India, Malaysia, and Sri Lanka.

Over the last 7 years Stephen has undertaken a range of risk, compliance, and governance projects at Lloyds Bank (Consumer Lending), Nationwide Building Society (Payments), Beazley Insurance, Chaucer Syndicates and Ceylinco Life (Sri Lanka).

His career in financial services includes banking, credit, lending, insurance (life, general, speciality), and pensions.

His wide range of projects include firm wide conduct risk programmes and reviews of corporate governance frameworks. His legal and regulatory projects include PSR, GDPR, SMCR and IDD, as well as managing changes resulting from thematic reviews.

Areas of expertise:

M&A due diligence and integration

Insurance Distribution Directive

Mark is a seasoned compliance professional with over 30 years’ experience in the Insurance sector, having started his career as an underwriter at Norwich Union.

He brings an extensive experience leading the delivery of regulatory and ethical compliance, ensuring effective governance, and providing constructive challenge at board level. Mark has been the Head of Compliance at Bluefin for 6 years.

Mark has an extensive expertise in regulatory due diligence, acquisitions, and integration work.

He has implemented and managed successful compliance monitoring frameworks; created complaint management frameworks; designed and implemented of both 1st and 2nd line quality control regimes. He has a detailed understanding of a numbers of topics such as Conflicts of Interest, Client Money, SM&CR and Consumer Credit.

He took an active role in supporting the British Insurance Brokers Association (BIBA) including being the Chair of BIBA’s Regulatory Working Group, a position he held from 2015 to 2019. During his time at BIBA he contributed to several industry initiatives including premium finance and the Insurance Distribution Directive.

Areas of expertise:

M&A due diligence and integration

Insurance Distribution Directive

Nindy is a senior regulatory consultant, she provides a comprehensive range of risk and compliance solutions to Insurers and Brokers. She has over 20 years’ experience in General Insurance. She specialises in supporting clients in their implementation of regulatory change projects and has an exceptional record managing SMCR implementation.

Nindy is adept in overseeing compliance projects, developing frameworks, designing, and delivering workshops and training. She was recently the lead consultant conducting a s166 review on corporate governance for a Tier 1 Insurer.

Nindy spent six years at the FCA in both Policy and Supervision roles where she made a significant contribution to a number of regulatory change projects including SM&CR and IDD. Before joining the regulator Nindy held managerial roles in compliance and claims for a general insurer.

Nindy has a Law degree (LLB) and Legal Practice Course post graduate diploma from the University of Birmingham.

Areas of expertise:

Conduct

SM&CR

Insurance Distribution Directive

Regulatory affairs

Brexit solutions

Paul is a Senior Business Risk Analyst, with a specific focus on regulatory and risk related projects. He has over 20 years experience in the Financial Services sector, with a strong background in process improvement, IT and project delivery.

Paul has significant experience of working with organisations to improve their businesses and processes with strong investigation, problem solving and decision-making skills. He has experience in using a wide range of analytical techniques and conceptual thinking to deliver high quality results.

He has worked recently at Barclays and Royal London on a variety of projects: finance risks and controls, GDPR, end-user computing and operational resilience.

Paul started his career as an IT developer at Co-operative Insurance and then moved to the position of Business Analyst for the Co-operative Banking Group. He began his consultancy career as a Business Analyst in 2012 and has since worked with a number of organisations largely on regulatory and change projects.