Director of Compliance, Europe in London

The European Compliance Officer will play an important role in partnering with the European Operating Units to define, implement and own a consistent framework for managing Compliance risk across the region. The European Compliance Officer will develop and own the annual compliance plan, oversee the execution of day-to-day compliance activities, provide guidance and support to the European Operating Units in relation to regulatory compliance matters, ensure the consistent treatment of risks and issues and support with the integration of new business activities or legal entities.

In addition, effective co-ordination with multiple functional areas will be required including Legal, Risk Management, Technology, Information Security, HR, Internal Audit and senior stakeholders across the business. The European Compliance Officer will also be asked to lead on the delivery of ad-hoc compliance change programmes across the European and International businesses as required, including the proposed re-organization of the UK and European compliance units and the ongoing roll-out of the WRBC Privacy Framework and associated privacy related activities.

Work with the business to lead on the development and evolution of the existing compliance framework and policies and procedures to identify, assess and appropriately manage compliance risk with each of the businesses. The compliance framework will meet the requirements of local regulations and the standards set by the Chief Compliance Officer. Monitor the regulatory and legislative environment, identifying areas where the business may be at risk and manage and implement mitigation plans as agreed with the Operating Units and Chief Compliance Officer.

Support the Chief Compliance Officer and senior management with their understanding of relevant regulatory responsibilities. Support and advise the 1st Line of Defense when delivering any compliance findings, providing clear guidance on any findings and required remediation activity. Monitor and report in a 2nd Line of Defense Capacity, on the adherence of the business to the policies, procedures, systems and controls in place to ensure regulatory compliance. Liaise with the 3rd Line of Defense to ensure that any Compliance related findings are responded to on a timely basis, with any required remediation effectively managed.

Lead on the management of Data Privacy risk in Europe and for the International Operating Units, ensuring adherence to new data privacy laws and regulations for new business lines, technology roll-outs and/or vendor relationships and overseeing the data classification process. Undertake Compliance reviews or manage compliance related programs of activity as required. Build and maintain effective working relationships with key internal and external stakeholders (including regulators and external counsel).

Qualifications

• Bachelor’s degree required. A law degree will be a plus.
• Extensive insurance compliance-related experience preferred, including international (UK/European) compliance.
• Significant property-casualty insurance knowledge.
• Excel expertise, and proficient use of other Microsoft products.
• Possess strong management and analytical skills and exercise sound professional judgment.
• Detail-oriented, accurate, organized, and able to work under time constraints and be initiative-taking.
• Effective communication with internal and external business partners.
• Strong interpersonal communication skills and the ability to successfully work with a variety of personality types to achieve desired results.
• Ability to achieve desired results with minimal supervision.
• Some degree of travel will be required.