At a Glance
- Tasks: Support compliance policies and procedures while collaborating with a dynamic team.
- Company: Join Marsh, a global leader in risk and reinsurance.
- Benefits: Enjoy professional development, a vibrant culture, and flexible hybrid work.
- Other info: Opportunities for career growth and travel across diverse regions.
- Why this job: Make an impact in compliance within a supportive and inclusive environment.
- Qualifications: Experience in compliance within the reinsurance or insurance industry is essential.
The predicted salary is between 55000 - 65000 £ per year.
We are seeking a talented individual to join our Compliance team at Guy Carpenter. The successful candidate for this role will be based in London on a hybrid basis, with a requirement to work 3 days per week in the office. We are looking for a Compliance officer from a Reinsurance / Insurance Broker or (Re)Insurer background. This role will partner with the Chief Compliance Officer to deliver effective oversight and advice regarding compliance policies, procedures, systems, controls and governance to the business.
This role will give you the opportunity to join a truly global organisation that can offer excellent training and career development opportunities and be part of a growing, highly skilled and enthusiastic Compliance team that strives to ensure its business is achieving best practices on all levels. Based in London covering the UK, EU, India, Middle East & Africa, some travel may be required.
We will count on you to:
- Work with the Chief Compliance Officer to provide day-to-day guidance and support to the business in the UK, Europe, India, Middle East and Africa
- Lead on specific activities and projects
- Ensure all compliance work is carried out to the required level of competence as set out by legal and regulatory requirements and Professional Standards policies
- Assist with the enterprise risk framework, including risk appetite, governance, policies and limits across all business lines and geographies.
- Lead enterprise risk identification, assessment and quantification (credit, market, liquidity, operational, conduct, cyber and strategic risks)
- Comply with generally accepted principles of compliance and support the strategic and operating requirements of Guy Carpenter
- Build and maintain effective working relationships with the internal stakeholders
- Review and keep up to date with changes in regulatory, legislative and market practices
- Maintain the Guy Carpenter risk register
- Assist with and maintain records for regulatory breaches, gifts and entertainment, conflicts of interest, enterprise risk management, GDPR, third party payments, approved parties and sanctions
- Actively participate in Compliance projects, developing recommendations and action plans related to Compliance and the Professional Standards Programs
- Ensure that, where applicable, GC UK is aligned to the Compliance and Financial Crime Procedures of Marsh Ltd
- Act as a sanctions subject matter expert and the point of contact to provide guidance to the UK business unit
- Build relationships and give advice to the business on a range of sanctions referrals including complex cases, providing review and approval or escalating as required to senior management
- Provide training on relevant corporate policies and procedures, including GC Professional Standards
What you need to have:
- Proven Compliance experience within the Reinsurance / Insurance industry ideally with a Broker
- A deep understanding / commercial awareness of Reinsurance broking business objectives, the application of regulation and potential risks
- Strong and confident communicator (verbal and written) with a proven track record of building strong and constructive relationships
- Broad and deep knowledge and use of the FCA Handbook - Principles, Rules and Guidelines, including CASS rules
- Ability to undertake detailed investigations or monitoring and report concisely with practical application
- Ability to articulate complex concepts simply
What makes you stand out:
- The ability to promote a culture of integrity, transparency and personal responsibility
- Awareness of key European regulatory laws (such as IDD)
- Knowledge of traditional and non-traditional reinsurance concepts
- University Degree or recognised industry accreditation (for example, ACII/ICA Diploma) an advantage but not essential
Why Join Our Team:
- We help you be your best through professional development opportunities, interesting work and supportive leaders
- We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities
- Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being
Senior Compliance Officer (Reinsurance) employer: Marsh McLennan
Marsh is an exceptional employer that prioritises professional development and fosters a vibrant, inclusive culture. As a Senior Compliance Officer in London, you will benefit from a supportive team environment, opportunities for career advancement, and the chance to work on impactful projects across diverse regions. With a commitment to hybrid working, Marsh ensures a flexible work-life balance while providing the resources needed to thrive in your role.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Compliance Officer (Reinsurance)
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Marsh McLennan looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Compliance Officer (Reinsurance)
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Marsh McLennan. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Marsh McLennan
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Marsh McLennan’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
