This Gibraltar based Insurance Manager is looking to recruit a Compliance Officer to join their growing international office on the Rock.
Looking after a number of global insurance company clients from an offshore jurisdiction by its nature of course creates a complex regulatory environment, necessitating ample resource. As such the compliance requirements of this firms growing customer base mean the need to add to the compliance team.
The Compliance Officer will report directly to Group Head of Compliance and will also have a “dotted line” of reporting responsibility to the client’s directors and the Internal Account Manager.
The main responsibility is to ensure that all clients in your portfolio comply with local (FSC) regulations. This is achieved by maintaining a close relationship with both the regulator and the client and monitor performance against FSC requirements on an on-going basis.
Within that overall remit in this interesting insurance compliance opening you can expect to be asked to undertake the following on a regular basis:
- To prepare policy documentation and review these policies to ensure full compliance with the FSC guidelines and regulations.
- Participate in the preparation of all compliance related documentation and own the relationship with key stake holders both within the client and the FSC.
- Handle any potential Conflict of Interest scenarios and ensure these are correctly reported internally and externally.
- Create and present Compliance reports at each client Board Meeting – outlining all performance and regulatory breaches.
- As part of vital internal resource ensure all staff have full awareness of Financial Crime & Fraud issues
To be considered for the Compliance Officer vacancy you will be an existing compliance professional, preferably with “hands on” compliance experience at another insurance organization, but with at least three years working for another financial services firm in a compliance role. Also you: -
- You will be able to combine excellent board level presentation skills with a mindset leaning towards accuracy and attention to detail.
- You should be capable of writing comprehensive and detailed reports and to research all local and international regulation that impacts upon your client portfolio. These regulations rarely provide a definitive answer meaning that the ability to interpret legislation is vital.
- Whilst they work closely as a team this firm needs someone who can work independently with minimal supervision.
Obviously for such a business critical appointment the organization will make the necessary remuneration package available to ensure the right individual is recruited.