Head of Compliance

HEAD OF COMPLIANCE

Great opportunity to join a leading insurer here in Ireland as their Head of Compliance. Reporting to the Chief Risk Officer, you will be responsible for the compliance strategy and to lead and further develop out the Compliance Function. The ideal candidate will ideally have 10 years plus general insurance / risk advisory or the life sector and have a commercial and compliance mind set, with  strong cross functional collaboration.

Key Responsibilities

• Leading and driving the regulatory compliance and conduct risk agenda by engaging actively with senior stakeholders in order to ensure a thorough understanding of regulatory accountabilities and to drive a positive culture that is customer focused
• Responsible for policy, expert advisory, oversight and risk strategy for financial crime risk.
• Leading the Complaints Ombudsman Team to ensure continued independence, impartiality and fairness when reviewing Ombudsman complaints.
• Providing leadership, management and direction to the Compliance function
• Supporting management in the identification of compliance risks and, independently from the business, assessing compliance risks.
• Provide robust challenge and oversight to all areas of the business.
• Providing effective compliance oversight and support to the business; ensuring awareness and driving compliance with relevant regulatory requirements and monitor implementation of all relevant regulations,
• Assessing potential compliance risks resulting from new or changing activities, or new deals, propositions, products, and distribution arrangements.
• Supporting the Head of Regulatory Affairs with managing the day-today relationship with the CBI on conduct matters
• Oversee the financial crime relationship with Regulators & law enforcement agencies
• Provide leadership & strategic direction for Ireland’s management of financial crime risk

Experience/Requirements

• Extensive experience within a large financial institution or professional practice at a senior level
• Significant experience leading a Compliance Function, preferably in the insurance industry, with proven experience managing teams across different locations
• Deep experience of both the Irish and European regulatory environment and regulatory authorities
• Significant experience of managing relationships with the Central Bank of Ireland or other Financial Regulators.
• Familiar with working in a ‘three lines of defence’ (3LOD) model with a track record of delivering high quality compliance oversight across multiple sites, products and entities.
• Excellent communicator and ability to manage and influence senior stakeholders
• Experienced in the development, implementation and oversight of governance structures and reporting processes
• In-depth knowledge of regulatory requirements and framing responses to regulatory change
• Experience of promoting and managing change in a high impact (CBI PRISM scale) and diverse business, within an international group.

Remuneration Package - Highly Competitive Salary & Bens & Bonus.