Company Overview:
We are a leading multinational insurance company specializing in general insurance and reinsurance. With a strong global presence, we are committed to delivering innovative insurance solutions while ensuring compliance with all relevant legal and regulatory requirements across our operations.
Role Overview:
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The Head of Compliance will play a critical role in developing and executing the company's compliance strategy, ensuring alignment with legal and regulatory standards while driving the organization’s business objectives. The successful candidate will lead a global compliance function, collaborate with senior leadership, and advocate for a robust compliance culture across the organization.
Responsibilities:
- Compliance Strategy Development: Develop and execute an annual compliance plan in collaboration with business and risk executives, guiding teams across the organization to ensure full compliance with legal and regulatory obligations.
- Strategic Leadership: Translate the organization’s vision and business strategy into a long-term compliance strategy. Lead and advocate for the adoption of this strategy across both group and divisional teams to ensure business success.
- Compliance Risk Monitoring: Facilitate the development and implementation of systems to track compliance risk, ensuring clear and accurate reporting to Board Committees and senior leadership.
- Change Management: Architect and oversee a comprehensive change management approach within the compliance function, ensuring it effectively supports regulatory and business changes.
- Stakeholder Advisory: Act as a trusted advisor to risk and compliance leadership, providing strategic input and guidance to maintain an effective compliance framework and manage compliance risks.
- Regulatory Risk Insights: Monitor the organization’s compliance risk appetite and deliver actionable, data-driven insights to ensure proper ownership and proactive management of compliance risks.
- Continuous Improvement: Drive ongoing enhancements in compliance tools and systems to ensure their relevance and effectiveness. Resolve any technology-related issues swiftly and efficiently.
- Training and Development: Oversee the identification, creation, and delivery of impactful compliance training materials to boost compliance knowledge and capabilities within the organization.
- Communication Strategy: Develop and implement a comprehensive communications strategy to promote compliance awareness and drive cultural and capability changes within the business.
- Incident Management: Provide leadership and oversight for the management of incidents and issues that have organization-wide impacts, ensuring effective resolution and mitigating future risk.
- Culture Advocacy: Advocate for and lead initiatives that build a strong, ethical compliance culture across all divisions of the organization.
- Regulatory Horizon Scanning: Implement and maintain a regulatory horizon scanning capability to proactively identify changes in laws and regulations that may impact the business, ensuring compliance frameworks are adapted accordingly.
- Global Compliance Knowledge: Develop a deep understanding of global regulatory requirements and internal policies to inform compliance initiatives and safeguard the organization.
- Compliance Projects: Lead continuous improvement efforts related to compliance projects, ensuring effective delivery and alignment with business goals.
- Collaboration: Sponsor Compliance Working Groups, facilitating collaboration and information sharing among compliance teams to enhance the overall function’s effectiveness.
- Talent Development: Coach and mentor compliance team members, fostering talent development and succession planning to build a high-performing, resilient compliance team.
Requirements:
- Education: Bachelor's degree or equivalent combination of education and work experience. Tertiary qualifications in Law, Business, Commerce, or Finance preferred.
- Experience: 10+ years of experience in compliance within the financial services industry, with a proven track record of developing and maintaining robust compliance frameworks in complex, matrixed organizations.
- Stakeholder Management: Extensive experience in engaging with C-suite executives and board-level stakeholders, with the ability to communicate complex compliance issues in a clear and impactful way.
- Regulatory Expertise: Proven experience in regulatory change monitoring, analysis, implementation, and reporting.
- Strategic Mindset: Strong ability to think strategically and provide board-level reporting on compliance risks, issues, and initiatives.
- Influencing and Leadership Skills: Demonstrated leadership and advocacy experience with the ability to influence senior leaders and drive a culture of compliance across the organization.
- Problem Solving: Strong problem-solving skills with a solutions-oriented mindset and the ability to manage complex, high-pressure situations effectively.
- Resilience: High level of personal and professional resilience, with the ability to navigate challenges and lead through change.
If you are keen on this role, do apply via this link or reach out to bryant at 0164140218