Role: Regulatory Compliance Interface & Reporting (Insurer)
The successful candidate will have the opportunity to work closely with various Business Units (BUs) and key stakeholders, including the Head of Compliance, Chief Legal & Compliance Officer, and Senior Management, on a broad range of compliance matters.
We are looking for someone who can engage regulators confidently and provide well-reasoned, professional responses. The candidate should also be comfortable reviewing regulatory requests independently and assessing their implications for the organization.
Key Responsibilities
Regulatory Coordination
- Act as the primary regulatory coordinator, managing the organization's regulatory risk profile and relationships.
- Oversee and ensure timely and consistent handling of all communications, inspections, and interactions with the regulator.
- Review and validate responses from Business Units to regulatory queries, ensuring accuracy, completeness, and compliance.
- Coordinate meetings and discussions with BUs and stakeholders regarding regulatory matters.
- Support preparations for meetings with the regulator, monitor supervisory expectations, and track commitments to ensure timely fulfilment.
- Build strong, professional relationships with regulators and internal stakeholders.
Compliance Monitoring
- Monitor regulatory developments and assess their potential impact on the organization.
- Disseminate updates on new or revised regulations to relevant stakeholders, providing clear and concise summaries.
- Track and report on regulatory commitments and supervisory expectations to ensure timely compliance.
Reporting and Training
- Prepare reports for Senior Management and the Board on regulatory and compliance matters.
- Assist in conducting compliance training for staff and representatives on regulatory requirements as needed.
Other Responsibilities
- Stay informed on regulatory developments and industry best practices to provide timely guidance and advice.
- Provide clear guidance and coaching to Business Units on regulatory requirements to ensure consistent and efficient compliance outcomes.
- Undertake tasks or projects assigned by the Section Head or Head of Compliance.
Qualifications
- Bachelor's degree or higher in law, finance, accounting, or a related discipline.
- Relevant professional qualifications or certifications are an advantage.
- 5-8 years of experience in compliance-related roles within the insurance or financial services sector, or within regulatory agencies.
- Prior experience in regulatory engagement, either from a financial institution or a regulator, is a plus.
- Proficiency in MS Office applications.
23C1935
R1105492
