Head of Compliance- UK & Europe

at  Nib Health Funds

nib Travel is a Company that is transforming the way we think about travel insurance. We are passionate about helping our customers get the most out of their travel experience, to encourage everyone to travel smarter, travel safer, we take care of the what if’s so our customers can focus on the fun.
Nib Travel (World Nomads) are looking for a Head of Compliance- UK and Europe to join our growing team.
The Head of Compliance is a leader and facilitator who will work closely with the business to drive and enhance a positive culture of risk and compliance across the UK and European business. Champion the efficient and effective operation of the risk and compliance function, and ensuring risk and compliance is embedded into the culture of what we do and how we can best assist our customers as well as ensuring we meet our obligations within the UK and European business.
This role has two direct reports and is expected to get involved in managing and implementing the Risk and Compliance function program of work.
Let’s talk about who we are
nib Travel proudly provides financial protection and assurance to travellers wherever they are in the world. Our purpose is to ensure better health and wellbeing for every travel adventure, not only when planning the trip but while overseas, with cover available for emergency medical expenses, overseas access to our high standard of emergency assistance 24 hours a day, and on your safe return home.
We’re looking for people who share this passion and want to be a part of a team that has the appetite and ambition to be extraordinary. We’re looking for people who share this passion and want to be a part of a team that has the appetite and ambition to be extraordinary. Extraordinary comes in different perspectives and experiences. We’re committed to an environment where everyone has the autonomy and freedom to be their authentic selves, every day.
Let’s talk about diversity, equity and inclusion
We embrace a flexible working environment and welcome candidates that reflect the diversity of the communities in which we operate.
nib Group is committed to creating an accessible recruitment process and employment experience. If you identify as a person living with disability and require adjustments to our online application, recruitment, selection and/or assessment process, please contact us at nibemployment @ nib.com.au.

Let’s talk about this role

• Demonstrate leadership and initiative to engage with nib Executives and Business Unit Heads and partner with key stakeholders to provide timely and accurate Compliance guidance.
• Assist the ‘Head of Compliance and Governance – Group’ to build and enhance the Compliance and Governance function across the nib Group.
• Build a cohesive highly performing team.
• Role model effective leadership practices.
• Monitoring regulatory updates and assessing the need for changes to procedures for the business.
• Keeping abreast of regulatory and industry developments by liaising with and building a strong network of external stakeholders.
• Contribute to regulatory change initiatives through attendance at regulatory events and/or drafting submissions on proposed regulatory change.
• Assist in the review, development and implementation of policies and procedures in line with nib’s Policy Governance Framework, specifically managing those policies and procedures related to the UK and European business.
• Manage nib Travel (UK & EU)’s Fitness and Probity policy including assessment, reporting and notifications.
• Assist to identify and prepare nib Travel (UK & EU) regulator notifications.
• Review and provide regulatory compliance advice and approvals for nib Travel (UK & EU).
• Overseeing all statutory record keeping requirements.
• Providing regular reporting as required.

Let’s talk about you

• Appropriate recognized qualifications (including the Professional Certificate OR Diploma in Compliance (ACOI)
• Applicants should have experience in a PCF 12, PCF 15 or CF2 role in line with the Central Bank of Ireland’s Fitness & Probity regime
• Minimum of 5-8 years’ relevant experience in the insurance industry with approx. 3-5 years’ in a Senior Management compliance role preparing Management Information and presenting reports to the Board
• Strong decision making skills
• Strong knowledge of the regulatory environment
• Strong knowledge of the travel insurance industry
• Strong knowledge of cross boarder requirements
• Business partnering experience
• A strong understanding of regulatory requirements for compliance within the financial services and/or insurance industry
• Ability to interpret regulatory obligations and develop appropriate compliance policies, framework and ongoing monitoring regimes
• Relevant degree qualification in a related discipline
• Sound leadership skills with proven experience in managing a team and/or program of work

At nib, we recognise that some people may only apply when their education, skills and/or experiences are identical to what an employer is looking for in a candidate. We’re always on the lookout for curious individuals who will add to the culture at nib Group – so if this role resonates with you, please apply!
Let’s talk about working at nib
Our hybrid working model provides our employees with the flexibility to work from one of our office Hubs and from home based. We make a commitment to come together with purpose and are excited to share moments that matter with one another. Our Hubs are purpose built to support focused work, connection, and collaboration with peers. At nib, we’re committed to creating a flexible working environment where you’re free to be you.

Other benefits to support you at work (and play) include:

• Health cover (50%)
• Pension
• Bonus
• Flexible working
• The opportunity to give back to the community with nibGive, including paid leave for volunteering for our nib foundation and community partners
• Benefits to support our diverse workforce with 18 weeks paid parental leave for all new parents and 4 weeks paid gender affirmation leave for trans, gender diverse and intersex employees

The fine print
All your information will be kept confidential according to EEO guidelines. Successful applicants will be required to complete a background check (including criminal history and bankruptcy check) prior to commencement of employment.
Consent to the transfer of Personal Data to countries outside the EU and EEA
Context
As nib Travel Services Europe Limited (a member of nib Travel) is a member of a large international group operating across a wide range of jurisdictions within the EU and outside it, we may, for operating efficiencies and certain decision-making purposes, need to transfer personal data of potential candidates for roles within the company (or group as appropriate) to countries outside the EU/EEA.
Under the EU General Data Protection Regulation (GDPR) we are obliged to obtain your consent for such transfers and to provide information to you for you to decide on whether you wish to provide consent.
Personal Data covered
The personal data involved is typically that which is contained within a Curriculum Vitae (CV), Resume, reference, cover letter etc., circulated via email to HR functions in group entities in Australia and/or the United States of America (US).
Data Protection risk
Please note that Australia and the US are not included on the list of countries considered by the European Commission to provide an adequate level of data protection. While there are established data protection legislation and regimes in place in those countries, there is a risk that the protections applicable to your personal data and to the rights you may exercise over it are not the same as in the EU. By way of example, the right to erasure and to restrict automatic processing of personal data under the GDPR are not replicated in Australia. Please see here for the link to our Company Privacy Policy:
By applying for this vacancy, you acknowledge our Company Privacy Policy and hereby consent to the transfer of your personal data as described above to the countries identified outside the EU and EEA

• Demonstrate leadership and initiative to engage with nib Executives and Business Unit Heads and partner with key stakeholders to provide timely and accurate Compliance guidance.
• Assist the ‘Head of Compliance and Governance – Group’ to build and enhance the Compliance and Governance function across the nib Group.
• Build a cohesive highly performing team.
• Role model effective leadership practices.
• Monitoring regulatory updates and assessing the need for changes to procedures for the business.
• Keeping abreast of regulatory and industry developments by liaising with and building a strong network of external stakeholders.
• Contribute to regulatory change initiatives through attendance at regulatory events and/or drafting submissions on proposed regulatory change.
• Assist in the review, development and implementation of policies and procedures in line with nib’s Policy Governance Framework, specifically managing those policies and procedures related to the UK and European business.
• Manage nib Travel (UK & EU)’s Fitness and Probity policy including assessment, reporting and notifications.
• Assist to identify and prepare nib Travel (UK & EU) regulator notifications.
• Review and provide regulatory compliance advice and approvals for nib Travel (UK & EU).
• Overseeing all statutory record keeping requirements.
• Providing regular reporting as required