Reference Number: 2608
Contract Type: Regular
Working Time: Full-Time
Hannover Re - with around 3,900 employees at locations all over the world. Our strength? Connecting Power: We rely on each other. As a reinsurer, we protect customers in the event of a claim. This requires customised, innovative solutions. Solutions that worked yesterday may be outdated tomorrow. We challenge ourselves and continuously optimise our services, advice and products. All this makes us one of the leading and most profitable reinsurance groups in the world and a reliable employer.
We are somewhat different
Hannover Re - more than 3,500 employees at locations all over the world.
Our strength? Connecting Power: We rely on each other.
As a reinsurer, we protect customers in the event of a claim. This requires customised, innovative solutions. Solutions that worked yesterday may be outdated tomorrow. We challenge ourselves and continuously optimise our services, advice and products. All this makes us one of the leading and most profitable reinsurance groups in the world as well as a reliable employer.
We are a major player in the reinsurance market in Australia and New Zealand and we have the benefit of being small and nimble but with the financial backing of one of the largest reinsurers in the world. We currently have an exciting opportunity in our Property and Casualty Branch in Sydney which plays a major part in the success of Hannover Re globally.

YOU CAN LOOK FORWARD TO

We are seeking a Chief Risk and Compliance officer to join the branch. The role will be a permanent position reporting directly to our Managing Director.
About the role
As our Chief Risk and Compliance Officer you will be responsible for assisting management in effectively balancing its commercial priorities with its risk and regulatory compliance requirements by maintaining our risk management and compliance programs and providing a ‘challenge and advice’ function within business decision making processes.
The role is an accountable person under the Financial Accountability Regime, as jointly administered by ASIC and APRA.
Duties and Responsibilities:

The role has two strategic imperatives:

• Effectively challenge - as an independent Line 2 function - the activities and decisions that materially affect HRAB’s risk profile; and
• Co-ordinate with the Branch Leadership Team, the development, implementation, continuous improvement and monitoring of the Risk Management and Compliance Management Frameworks in accordance with APRA Prudential Standards and Hannover Group Guidelines.

In achieving these strategic imperatives, the Chief Risk and Compliance Officer is responsible for a range of areas including but not limited to:

• Developing and overseeing an efficient Risk Management Framework (RMF) tailored to the organization’s size and operations, ensuring compliance with APRA Prudential Standards and our Risk Appetite Statement.
• Partnering with business units to embed risk frameworks and policies, conducting risk assessments, supporting risk owners, and ensuring compliance within the approved Risk Appetite.
• Managing compliance registers and processes, including service provider due diligence, complaints, incidents, breaches, and notification systems aligned with regulatory requirements.
• Providing expert advice and reporting to the Board, Senior Executive, and Management on risk and compliance matters, while supporting regulatory relationships and industry representation.
• Ensuring robust compliance frameworks, testing programs, and data governance in adherence to our Obligations Register and Data Governance Policy.
• Developing and delivering risk and compliance training programs while maintaining your own professional development, addressing Hannover Office and regulatory reporting needs.

YOU COME EQUIPPED WITH

About You:

Experience & Qualifications:

• Technical expertise in Risk Management systems, statutory frameworks, and APRA regulations.
• Proven experience across all aspects of risk and compliance management in Re/insurance or Financial Services.
• Relevant degree (finance, law, accounting, or Risk and Compliance) and certifications like CPRM or Governance Institute qualifications.
• Proficiency in Enterprise Risk Management frameworks aligned with APRA standards.
• Capability to act as an Accountable Person under FAR.
• Strong strategic thinking capability.
• Effective communication, people management, and relationship-building skills.
• Highly organized, detail-oriented, with strong analytical and problem-solving abilities.
• Demonstrated commercial acumen and ability to work independently or collaboratively.

Personal Qualities:

• Strategic
• Resourceful
• Highly self-motivated
• Professional
• Versatile
• Diplomatic

It is a requirement that all applicants have unlimited rights to work in Australia i.e. must either be an Australian citizen or have permanent residency.
What do we offer you:
Are our values “Responsibility”, “Drive” and “We-Spirit” aligned with yours? We foster a culture of respect in our workplace, supporting and encouraging respectful communication and behaviours, acknowledging differences and honouring the people we interact with, taking the time to understand their needs and perspectives.
Atmosphere: You will find an international working environment with short decision channels, an open feedback culture and a sense of community shaped by mutual respect and a readiness to help.
Benefits: We value every individual and consider our people to be important to the success of our business with each of us working together to contribute to a common success. Structured onboarding, hybrid working arrangements, EAP as well as modern offers for personal development and wellness activities, we prioritise employee wellbeing and engagement.
Prospects: You contribute your specialist and methodological expertise, and we offer you fresh input and the opportunity to further develop your potential – including room to come up with innovative ideas and act on them!
Only together can we achieve our objectives.
Would you like to find out more about Hannover Re Australia? Visit our careers site: https://www.hannover-re.com/de/local-offices/australia/career/
We not only offer a job and a title, but if you are looking for an organisation which values its people and is “Somewhat Different”, then we want to hear from YOU! All you need to do is hit apply.
No agencies please.

The role has two strategic imperatives:

• Effectively challenge - as an independent Line 2 function - the activities and decisions that materially affect HRAB’s risk profile; and
• Co-ordinate with the Branch Leadership Team, the development, implementation, continuous improvement and monitoring of the Risk Management and Compliance Management Frameworks in accordance with APRA Prudential Standards and Hannover Group Guidelines

In achieving these strategic imperatives, the Chief Risk and Compliance Officer is responsible for a range of areas including but not limited to:

• Developing and overseeing an efficient Risk Management Framework (RMF) tailored to the organization’s size and operations, ensuring compliance with APRA Prudential Standards and our Risk Appetite Statement.
• Partnering with business units to embed risk frameworks and policies, conducting risk assessments, supporting risk owners, and ensuring compliance within the approved Risk Appetite.
• Managing compliance registers and processes, including service provider due diligence, complaints, incidents, breaches, and notification systems aligned with regulatory requirements.
• Providing expert advice and reporting to the Board, Senior Executive, and Management on risk and compliance matters, while supporting regulatory relationships and industry representation.
• Ensuring robust compliance frameworks, testing programs, and data governance in adherence to our Obligations Register and Data Governance Policy.
• Developing and delivering risk and compliance training programs while maintaining your own professional development, addressing Hannover Office and regulatory reporting needs