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Head of Compliance

Ref: 9217739

  • Highly Competitive + Excellent Bens
  • 07 May 2019
  • Dublin (South)
  • Perm

 Head of Compliance  Solid compliance background of 10 years +, strong integrity, commercial astuteness and adept in managing effectively and proactively, both external regulator and internal cross functional stakeholder relationships. Excellent opportunity to join a company with strong core values and a superb culture and ethos. Proven track record in operating at a senior compliance (control function or preapproved control function / PCF, by the CBI) level within the Re/Insurance sector ideally.

Key responsibilities

• Oversight and leadership of the compliance framework and plans for regulated entities in Ireland, UK and European and APAC regional branches via a hub and spoke model. • Ensure cohesive compliance strategy in line with group best practices & policies, legal and regulatory requirements: • Liaise with the Central Bank of Ireland, FCA, PRA, MAS, Financial Ombudsman and other regulators and trade associations as required • Work closely with VP Global Compliance in Global Head Office to ensure the company’s global compliance practices and reporting are complied with • Provide advisory, oversight and assurances that necessary controls & systems are in place • Provide solution orientated recommendations against any gap analysis issues • Shape, lead and evolve the compliance and regulatory strategy and framework for the UK branch and authorisations of the UK legal entities • Ensure robust management of prudential and conduct risk and act as key liaison against any queries from regulatory authorities • Manage compliance reporting to the Boards of the regulated entities • Undertake quarterly compliance reporting to the relevant Audit and Risk and Compliance Committees • Ensure the company is compliant with (re) insurance regulations, relevant commercial regulations, legislations, supervisory guidelines and company’s policies • Periodically review the compliance framework to ensure effective delivery against annual Compliance Plan and risk-based Compliance Monitoring Plan • Carry out Compliance Monitoring visits with internal and external outsourcing partners and oversee the handling of any compliance issues / complaints, keeping the Managing Director updated on remediation actions • Carry out due diligence on new business partners, maintenance of various risk registers etc. • Drive and manage compliance training for cross functional teams along with pertinent regulatory update debriefings

The Ideal candidate profile:

• BA or equivalent / post third level qualification or equivalent level of qualification; • Ideally 10 years’ experience in a compliance / risk related role of which at least four years’ operating at a senior level in a regulated entity. • Adept at operating at an executive level with the Board of Directors, Regulators • Effective and inclusive leadership style, strong client centricity and experience in the re/insurance industry ideally • A sound knowledge of Irish, UK and European legal and regulatory requirements • Natural relationship builder with ability to work with cross functional sales and technical teams • Solution oriented with a pro-business / compliance balance mindset • Highly motivated, organised individual with a natural flair for continuous improvement and delivery-orientated results. • Ability to proactively manage stakeholder expectation and effective in a matrix reporting / cross jurisdictional team structure • Highly articulate and strong presentation and written skills Brightwater Executive has been retained by our client for their Head of Compliance Appointment. For a further discussion to understand more about this fantastic opportunity, call Estelle Davis , Managing Partner, in confidence on + 353 1 662 1000 or email e.davis@brightwater.ie