Head of Compliance Assurance at Robert Walters Outsourcing
London, England, United Kingdom -
Full Time


Start Date

Immediate

Expiry Date

29 Apr, 25

Salary

0.0

Posted On

29 Jan, 25

Experience

7 year(s) or above

Remote Job

No

Telecommute

No

Sponsor Visa

No

Skills

Business Operations, Testing, Economic Sanctions, Fraud, Finance, Records Management, Risk, Excel, Decision Making, Teamwork, Outlook, Anti Money Laundering, Code, Directors, Presentation Skills, Compliance Monitoring, Licensing

Industry

Financial Services

Description

KEY REQUIREMENTS & SKILLS:

Experience:

  • Specific professional qualifications at the level of degree or equivalent.
  • 7+ years’ experience in a Compliance, Risk, Audit, or Regulatory position, with an insurance company (Insurance industry experience is essential).
  • Significant experience and understanding of the insurance industry, including specific knowledge of economic sanctions, anti-money laundering, fraud, licensing, privacy, conflicts of interest, code of conduct, anti-corruption, anti-trust, and records management.
  • Experienced at communicating with regulators, senior managers and directors, and external stakeholders.
  • Experience operating in a matrix organization.
  • Working as part of a senior team within a complex organisation.

Skills:

  • Excellent organizational, written, verbal and presentation skills including the ability to interpret and communicate compliance guidance.
  • Ability to influence the behaviour of others (informal leadership) to bring about desired change or results.
  • Ability to operate with confidence in ambiguous situations and to help others navigate complexity.
  • Self-starter with the ability to meet or exceed deadlines, prioritize, multi-task, and maintain flexibility in a fast-paced, changing environment with expanding responsibilities.
  • Intermediate knowledge of MS Office software - Excel, Word and Outlook
  • Ability to deliver effective problem solving and drive decision making.
  • Ability to work creatively and analytically in a problem-solving environment, demonstrating teamwork, innovation, and excellence.
  • Ability to define pragmatic and innovative solutions.
  • Able to manage conflicting priorities to achieve deadlines.
  • Ability to collaborate effectively within a team environment

Knowledge:

  • Advanced competency with applying Compliance monitoring and testing related to key regulatory risks such as: economic sanctions, anti-money laundering, fraud, licensing, privacy, conflicts of interest, code of conduct, anti-corruption, anti-trust, and records management.
  • Experience establishing assurance frameworks to assess the effectiveness of compliance controls.
  • Industry acumen, including a thorough understanding of the re (insurance) business operations, finance, risk, as well as working understanding of the actuarial aspects.
  • Establishing and managing and reporting on large data sets of Compliance related MI.
  • Able to work across jurisdictions particularly the UK, US and Bermuda

We are committed to offering an inclusive recruitment experience. If you require accommodations because of disability or health condition, please email: gscemeaedi @ robertwalters.com. This position is being sourced through our Outsourcing service line

Responsibilities

ROLE OBJECTIVE:

To provide compliance assurance services to Group Compliance and the Aspen Group covering key Compliance risk areas. Develop and deliver the annual Compliance Assurance Plan as part of the Annual Compliance Plan.

KEY RESPONSIBILITIES:

Strategy and Planning:

  • Develop a compliance risk-based assurance plan covering key compliance risks at the Group and entity levels managing resources to deliver Plan elements. Contributes to the Compliance Plan and other Compliance initiatives.
  • Manages the framework which Compliance Risk/Thematic reviews and ongoing Compliance Monitoring activities.
  • Brings an innovative approach to the collection and presentation of Compliance MI. Maintains and compiles Compliance’s MI for various reporting within the organization.
  • Act as the primary point of contact within Compliance for other assurance functions (Risk, Audit, ICoFR) regarding Compliance risks and controls.

Policy, Process and Procedures:

  • Charged with delivering with the ability to balance between the strategic and day-to-day tactical needs.
  • Contribute to the development and delivery of the Annual Compliance Plan in coordination with the broader Group Assurance Planning.
  • Maintain policies and standards for testing and monitoring of compliance controls throughout the organization.
  • Develop standards for scoping, performing, and documenting compliance assurance activities.
  • Manage the Compliance Training follow-up and reporting processes.

Environmental Awareness / Customer Focus:

  • Develops positive, open and productive relationships with key stakeholders, working in partnership to ensure a robust internal compliance control framework that meets current and future needs, managing expectations as necessary.
  • Advises Compliance and key stakeholders on Compliance testing results and findings.
  • Support the Group Head of Compliance, Group General Counsel, and others in Legal and Compliance in the management of the regulatory relationships, ensuring that all matters which may be of interest to regulators are disclosed in a timely and appropriate fashion.
  • (2025) Ensure delivery of the Compliance Training Plan, including follow up and completion reporting.
  • Maintain Reports, workpapers and records to support testing, findings, and other assurance work.

Technical Performance:

  • Review all thematic review workpapers for completeness and scoping considerations.
  • Manage the ongoing Compliance Monitoring Program covering key compliance risks.
  • Prepare the monthly Compliance MI Pack for Compliance and other various reports, as needed.
  • Monitor compliance related issues and events to ensure appropriate actions are taken if needed.
  • Report and escalate any regulatory breaches to the Group Head of Compliance.
  • Accountable for all assurance results and to ensure actions are taken, where needed.
  • Develops accurate and complete data to support MI and testing performed.
  • Manage and provide oversight to staff performing assurance and data analytics for Compliance, working closely with others in Compliance, IT, Ops, HR , Internal Audit and Risk.

People Management:

  • Manages and supports staff within the Compliance Assurance team to ensure that people, resources and processes are aligned with business needs and fit for purpose.
  • Manage, resource, motivate, develop and focus the Compliance Assurance team to ensure the required standards of performance and support the continuing personal and professional development of all team members.
  • Manage appointment, dismissal, performance management and reward of the team(s) to effectively manage resources within the function.
  • Establish clear accountabilities and authority levels for direct reports and build a strong culture of accountability and performance in order to ensure delivery of goals.
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