Senior Compliance Officer, Lloyd's Brussels

at  Lloyds of London

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.
Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.
Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.
Role Purpose
Supporting the Chief Compliance Officer in ensuring that LIC and its network of branch offices has effective systems and controls for compliance, with requirements and standards under applicable regulations (including outsourcing arrangements, data protection measures), and for countering the risk that LIC might be used to further financial crime (e.g. sanction, anti-money laundering, prevention of fraud, market abuse and tax evasion).

Principal Accountabilities

• Support the development, delivery and implementation of LIC strategy for the management and mitigation of compliance risk.
• Take ownership as required in the development of policies to address applicable regulatory requirements.
• Act as a centre of expertise in sharing knowledge of requirements and compliance risk and, where appropriate, delivering appropriate training to management and staff.
• Monitor the company’s adherence to policies to provide assurance that Company is compliant with Solvency II, Belgian, EU and UK regulations.
• Conduct compliance reviews, monitoring and testing to assess whether Company policies have been appropriately implemented and compliance risk managed to an effective level.
• Work in partnership with LIC branch offices colleagues to ensure compliance in the branch offices.
• Identify, monitor, assess and manage compliance risks and requirements including, for example, in respect of external reporting, outsourcing and of GDPR.
• Handle day-to-day compliance queries relating to NBB and FSMA Conduct of Business Rules, Data Protection, Complaints, and Training and Competence.
• Act as Data Protection Officer for LIC.
• Undertake the monitoring and analysis of current regulatory requirements and applying them appropriately to the business.
• Support the Chief Compliance Officer in his oversight, challenge, advice, escalation and reporting activities, liaising with other colleagues working in independent functions and with Managers and team members in the 1st LoD.
• Promote and engender a strong compliance culture throughout the organization through the drafting of Compliance Communications and updates.

Leadership expectations
The role holder is expected to contribute to an open and transparent culture of compliance risk management and demonstrate a strong awareness of the risks that should be managed within the responsibilities of the role. The role holder is also expected to deliver responsibilities in line with all relevant risk appetites, policies, reporting and when applicable, input to reviews and projects as
required.
Management of Risk and Internal Controls
The role-holder will contribute to overseeing LIC compliance risks and ensuring the proper operation of policies and processes to mitigate those risks and report accordingly.

Role Dimensions

• The scope of the role is aligned with the role of LIC Chief Compliance Officer. Being part of the independent control function required by applicable regulations, the role forms part of the service solution for Lloyd’s market access for both reinsurance and insurance in EU & EEA. The remit and regional scope of the role may evolve as part of Lloyd’s Market Access Strategy.
• No financial signing authority.

Skills Knowledge and Experience

Skills

• Influencing & negotiating skills across industry and profession
• Functional strategy development and influencing skills
• Complex business/regulatory issue or problem analysis and resolution skills
• Driving change and innovation skills
• Ability to lead projects and initiatives
• Ability to work in a multi-cultural environment
• Strong verbal presentation skills
• Robust written skills to convey clear opinions, advices and analysis in a structured way
• Investigative capabilities

Knowledge

• Knowledge of Solvency II regulatory environment, regimes and requirements
• Knowledge of GDPR requirements
• Knowledge of FSMA and NBB regulatory landscape
• Insurance market knowledge, with focus on non-life business and large/corporate risks
• Knowledge of financial and business processes in the insurance industry
• Knowledge of corporate governance principles and structures

Experience

• Has experience of working in the non-life insurance industry in a role that involved ensuring compliance with relevant Belgian or EU regulatory requirements
• Has good market awareness and industry knowledge
• Is an analytical, strategic thinker, with good reasoning and hands-on experience in problem solving
• Is a confident and clear communicator
• Has well developed management and organizational skills, able to work with teams across multiple business areas and geographies.

Delivering Results and Meeting Stakeholders’ Expectations

• Anticipates LIC customers and internal stakeholders’ needs.
• Stands by the decisions and actions of the Compliance team, openly accepting responsibility and accountability.

Working with People

• Actively builds and nurtures effective relationships with people across all organizational levels and with external contacts
• A team player, strong interest in the performance of LIC as a whole
• Proactively consults with a broad cross-section of stakeholders during all aspects of decision making
• Maintains and extends a broad and effective network of links with individuals both internally and externally and uses these to benefit LIC
• Proactive, focused and diligent with outstanding communication skills, able to develop productive relationships at all levels

Creating and Innovating

• Contributes to a range of workable strategies aimed at solving a number of complex, possibly related issues
• Shares ideas, approaches and insights that offer up new avenues of exploration

Adapting and Responding to Change

• Versatile, adaptable, proactive and comfortable with taking a hands-on approach, capable of delivering change, and transformation
• Uses many different approaches to interact successfully with others, adapting interpersonal style to fit the situation and the characteristics of groups and individuals
• Promotes change initiatives across teams, creating a managed sense of urgency to bring the changes about

Applying expertise and technology

• Demonstrates detailed and comprehensive knowledge of the Compliance area and is recognized as a Compliance expert by people across the organization
• Shares knowledge and expertise openly and freely, positioning knowledge sharing as an organizational priority
• Strong attention to detail and also sees the bigger picture.

Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our
website
.
By choosing Lloyd’s, you’ll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.
Should you require any additional support with your application, or any adjustments, please click the following link;
https://cleartalents.com/apply/lloyds-msa1645695881
Please note, clicking on this link does not register your application for the vacancy

Principal Accountabilities

• Support the development, delivery and implementation of LIC strategy for the management and mitigation of compliance risk.
• Take ownership as required in the development of policies to address applicable regulatory requirements.
• Act as a centre of expertise in sharing knowledge of requirements and compliance risk and, where appropriate, delivering appropriate training to management and staff.
• Monitor the company’s adherence to policies to provide assurance that Company is compliant with Solvency II, Belgian, EU and UK regulations.
• Conduct compliance reviews, monitoring and testing to assess whether Company policies have been appropriately implemented and compliance risk managed to an effective level.
• Work in partnership with LIC branch offices colleagues to ensure compliance in the branch offices.
• Identify, monitor, assess and manage compliance risks and requirements including, for example, in respect of external reporting, outsourcing and of GDPR.
• Handle day-to-day compliance queries relating to NBB and FSMA Conduct of Business Rules, Data Protection, Complaints, and Training and Competence.
• Act as Data Protection Officer for LIC.
• Undertake the monitoring and analysis of current regulatory requirements and applying them appropriately to the business.
• Support the Chief Compliance Officer in his oversight, challenge, advice, escalation and reporting activities, liaising with other colleagues working in independent functions and with Managers and team members in the 1st LoD.
• Promote and engender a strong compliance culture throughout the organization through the drafting of Compliance Communications and updates

Role Dimensions

• The scope of the role is aligned with the role of LIC Chief Compliance Officer. Being part of the independent control function required by applicable regulations, the role forms part of the service solution for Lloyd’s market access for both reinsurance and insurance in EU & EEA. The remit and regional scope of the role may evolve as part of Lloyd’s Market Access Strategy.
• No financial signing authority