Overview

UK Compliance Officer

The UK Compliance Officer is responsible for leading the UK Companies’ compliance function, ensuring that the Companies are in compliance with the rules and regulations of their regulatory bodies, that Companies’ processes and procedures are being followed and that behaviour meets the Companies’ Standard of Conduct.

Ref: 49324

  • Location: London
  • Category: Insurance
  • Type: Permanent

Overview

Key Duties:

  • Developing and overseeing control systems to ensure ongoing compliance with external legal and regulatory requirements and internal policies, procedures and processes to meet the UK Group’s risk profile
  • Evaluating the efficiency of such controls and improving them continuously
  • Identifying and mitigating emerging and previously hidden compliance risks
  • Conducting the annual compliance risk assessment of the UK entities and service operations and delivering their annual compliance plans
  • Reviewing and developing the UK Companies’ corporate governance suite and other company policies
  • Assisting the CEO in preparation of internal procedure and process documents
  • Assessing future business acquisitions to identify possible compliance risks
  • Identify compliance training requirements for all UK staff
  • Preparing and presenting compliance reports to the UK companies’ boards, attending Board meetings as required
  • Assisting in the management of all aspects of any capital extraction agreed for UK and European companies, coordinating the annual capital distribution

Qualifications required:

  • Minimum BS/BA degree with at least 10 years of non-life re/insurance run-off experience in the London insurance market and a proven track records in compliance management
  • SMF16 or previously approved in compliance oversight function
  • A compliance certification i.e. from the ICA

Experience required:

  • A solid understanding and knowledge of the UK insurance and reinsurance markets and regulatory frameworks including prudential requirements covering capital resources, valuation of assets, operational risk, annual returns etc. and all reporting requirements

Consultant

Jade Parsons

Consultant – Insurance

T: +44 (0)203 867 9842

Email me

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