Group UK Head of Compliance - Speciality / Re-Insurance
- Recruiter
- MERJE Ltd
- Location
-
London
South East EnglandUnited Kingdom
- Salary
- 150000.00 - 180000.00 GBP Annual
- Posted
- 27 Mar 2023
- Closes
- 20 Apr 2023
- Job Title
- Director
- Category
- Human Resources
- Contract Type
- Permanent
- Hours
- Full Time
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.
- Design and implement Groupwide company compliance programmes including drafting policies andprocedures
- 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"), theFinancialConductAuthority("FCA"),theBermudaMonetaryAuthority("BMA"), the Central Bank of Ireland ('CBI') andotherregulators,as applicable.
- Ensure that the firm maintains its regulatory licenses across the Group and advise on internationallicensesandapplicableexemptions.
- MonitorcomplianceofeachGroupcompany(anditsappointedrepresentatives)with:
- PRA,FCA, CBI andBMAregulationofgeneralinsurance,asapplicable
- SolvencyIIrequirements
- Financial crimesystemsand controls,and
- SuchotherlegislativeorregulatoryrequirementsastheGroupmayidentifyfromtimetotime
- IdentifycomplianceandAMLrisksandareasofexposure
- Monitor and communicate important regulatory and legal developments applicable to the Group totheBoardandseniormanagement
- WorkwiththeGroupGeneral Counselinmaintainingregulatoryrelationships
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 asaconstructive challenger
- Promotesthevaluesofriskmanagement,complianceandinternalcontrolsacrossthebusiness
- Credibility,professionalismandstrongpersonalintegrity
- 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.
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