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Regulatory, Risk & Compliance - Manager (Insurance)

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  • Posted 14 hours ago
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Early Applicant

Job Description

  • Global Firm
  • Opportunity to work for multiple geographies

Job Description

  • Under the direction of Assistant General Counsel, International, develop risk and compliance frameworks, policies and procedures, for the International Underwriting business.
  • Lead the preparation and submission of regulatory reports as per prescribed formats and guidelines.
  • Ensures compliance with regulatory requirements by conducting compliance reviews, identifying, and addressing compliance gaps and recommending corrective actions.
  • Oversees the development and implementation of compliance monitoring and testing programs to ensure ongoing adherence to regulatory requirements.
  • Partners with senior management to develop and implement regulatory reporting policies, processes, and procedures in alignment with regulatory standards.
  • Leads opportunity identification for regulatory process enhancement, automation, and optimization to improve the efficiency and accuracy of regulatory reporting.
  • Oversees internal and external audits and inquiries by providing required documentation, explanations, addressing audit findings and implementing corrective actions as necessary.
  • Leads the preparation and submission of regulatory filings and reports to relevant authorities, maintains accurate records of all submissions.
  • Assist in initial review of standard legal and regulatory documentation, including delegated authority arrangements, NDAs and TOBAs.
  • Managing broker relationships and documentation for the international group entities.
  • Prepares reports on upcoming legal, risk and compliance developments to assist in wider horizon scanning for international.
  • Prepares responses to inquiries from regulatory agencies and facilitates inspections or audits as necessary.
  • Contributes to the design and delivery of training programs to educate employees on regulatory requirements, promoting a culture of compliance within the organization.
  • Monitors and assesses the impact of emerging regulatory trends on business operations, provides strategic recommendations to senior management.
  • Stays abreast of changes in laws, regulations, and industry standards affecting the insurance sector and provides timely updates to internal stakeholders.

The Successful Applicant

A successful Compliance Manager should have:

  • Must have 6 to 15 years of experience
  • International exposure is mandatory, preferably UK or US.
  • Knowledgeable of all applicable regulations and guidance which apply to the business group(s) supported.
  • Keen analytical skills and ability to proactively identify regulatory risk.
  • Ability to foster and maintain strong positive relationships with senior management and industry contacts to ensure up-to-date knowledge of product, regulatory, technological and other developments.
  • Experience in a regulatory, risk, compliance or related role with relevant international experience.
  • Experience of working in Insurance.
  • Experience of managing a team of professionals

What's on Offer

  • Opportunities for professional development and career progression.
  • Supportive and collaborative work environment.

More Info

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About Company

Michael Page has five decades of expertise in professional services recruitment. We were established in London in 1976, and over this period we've grown organically to become one of the best-known and most respected consultancies, with an office network spanning six continents.
While size has its advantages, it doesn't define us - the nature of our organic growth means that each new office is integrated into the region that it serves. It also means that as an employer looking to hire, or as a candidate aiming to grow your career you have the best of both worlds&#x3B; a team that understands the market and geography you operate in, plus the resources and expertise of an international network at your disposal.

Job ID: 148590657

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