Compliance Officer, Nordics

at  XL Catlin

SHARE YOUR TALENT

We’re looking for someone who has these abilities and skills:

• Experience in compliance/ risk related roles, preferably in the insurance/reinsurance industry or other regulated financial services industry.
• Norwegian, Danish or Swedish Master’s of Laws degree.
• Knowledge of the Norwegian and Danish legal systems would be desirable.
• Familiarity with local regulations and requirements.
• Strong communication skills with proven ability to communicate across all levels in the organisation and to communicate effectively with internal and external stakeholders.
• Excellent command of written and spoken English.
• Independent worker with excellent stakeholder management capability.
• You will have the ability to work in an international, multicultural environment within financial services.

• Working in association with the Head of Compliance and Regulatory Affairs, Europe and the Legal Counsel, Nordic Region and the regional Compliance team to implement and monitor the local Compliance Programme and work with local management to promote a culture of compliance across the Nordic business.
• Provide timely and accurate advice to both internal and external stakeholders on compliance with local regulatory obligations, sanctions, licensing requirements and internal compliance requirements.
• Working closely with other control functions (locally/ regionally/ globally) (Risk Management, Finance and Internal Audit) to identify key control issues and ensure adequate controls are put in place to mitigate risks to the business.
• Periodic review and update of internal compliance policies and procedures, including Swedish, Norwegain and Danish FSA requirements and internal codes of conduct.
• Ongoing compliance monitoring and provision of compliance training to management and staff to address gaps/ topical issues affecting the Nordic business.
• Reviewing and monitoring regulatory and legislative updates impacting the Nordic business operations, ensuring that legal/ compliance obligations are understood by stakeholders and providing timely advice to the management, as appropriate.
• Work with colleagues in Group compliance on the horizon scanning programme and the implementation by the business of regulatory change applicable to the business.
• Work with the compliance monitoring, regulatory, complaints and conduct risk teams on compliance issues and regulatory matters arising and if required, escalate appropriately to the Head of Compliance.
• Support the Head of Compliance on all reporting requirements to internal and external stakeholders.
• Review and assess compliance breaches and work with Group compliance and the business to remediate.
• Main point of contact for and liaising closely with local regulatory authorities.
• Collaborate with the Legal Counsel Nordic Region to provide support to local underwriters during peak workload periods, ensuring that legal and compliance requirements are met in a timely and efficient manner within the Nordic business