Job Description
Dynamic, fast paced growing Speciality Insurance, Re-Insurance and Insurance firm is searching for a senior Compliance lead to design the regulatory frameworks and manage all regulatory relationships in this new entity for this successful brand in the industry.
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Design and implement Groupwide company compliance programmes including drafting policies and procedures
Using existing policies, systems and processes to adapt what is required to fit the new business model
Manage and satisfy the Regulator and ensure the regulatory body relationships are positive across the different geographical jurisdictions
Ensure compliance with all internal policies, laws and regulations applicable to their activities, including activities authorised and regulated by the Prudential Regulation Authority (“PRA”), the Financial Conduct Authority (“FCA”), the Bermuda Monetary Authority (“BMA”), the Central Bank of Ireland (‘CBI’) and other regulators, as applicable
Ensure that the firm maintains its regulatory licenses across the Group and advise on international licenses and applicable exemptions.
Monitor compliance of each Group company (and its appointed representatives) with:
PRA, FCA, CBI and BMA regulation of general insurance, as applicable
Solvency II requirements
Financial crime systems and controls, and
Such other legislative or regulatory requirements as the Group may identify from time to time
Identify compliance and AML risks and areas of exposure
Monitor and communicate important regulatory and legal developments applicable to the Group to the Board and senior management
Work with the Group General Counsel in maintaining regulatory relationships
Experience required:
Experience of managing regulatory relationships in particular with the PRA
London markets, international corporate insurance industry background in compliance
Board level experience
Outsourcing
Be seen as a constructive challenger
Promotes the values of risk management, compliance and internal controls across the business
Credibility, professionalism and strong personal integrity
Act as the SMF 16 and 17 – previous or current function holder experience required
Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.