At a Glance
- Tasks: Lead compliance initiatives and ensure regulatory adherence in a dynamic reinsurance environment.
- Company: Join SIG Re, a forward-thinking reinsurer with a collaborative culture.
- Benefits: Competitive salary, professional development, and a vibrant work atmosphere in Bermuda.
- Other info: Opportunity for strategic leadership and career growth in a supportive team.
- Why this job: Shape compliance strategies and make a significant impact in the reinsurance industry.
- Qualifications: 10+ years in compliance, preferably in re/insurance, with strong regulatory knowledge.
The predicted salary is between 113400 - 138600 £ per year.
Overview
SIG Re is the Bermuda-based Class 3A reinsurer within the Susquehanna family of companies.
We bring the same scientific rigor, curiosity, and analytical discipline that define Susquehanna, a global quantitative trading firm, to pricing and underwriting specialty risk.
We structure and model complex, often novel exposures, and stand behind that judgment as a dependable counterparty to our cedants and brokers.
Our culture is intellectually driven and highly collaborative, bringing together professionals who value evidence, clear thinking, and long-term relationships. sig. com
About the Company
SIG Re is the Bermuda-based Class 3A reinsurer within the Susquehanna family of companies.
We bring the same scientific rigor, curiosity, and analytical discipline that define Susquehanna, a global quantitative trading firm, to pricing and underwriting specialty risk.
We structure and model complex, often novel exposures, and stand behind that judgment as a dependable counterparty to our cedants and brokers.
Our culture is intellectually driven and highly collaborative, bringing together professionals who value evidence, clear thinking, and long-term relationships. sig. com
About the Role
Based in Bermuda we are seeking a strategic, ethical, and communicative leader as Head of Compliance to work with the Board, management, and other key stakeholders to ensure an effective compliance program and framework is always in place, is operating as intended and complies with all regulatory and other requirements.
Core Responsibilities
Ensure the Company’s compliance program and framework is compliant with regulatory requirements / expectations and reflects the needs of the business
- Develop and ensure the delivery of a Board-approved Annual Compliance Plan.
- Report to the Board on performance against the Annual Compliance Plan.
- Ensure there is appropriate reporting to oversight bodies, including the Board and Executive Committee.
Ensure there are appropriate written policies, procedures and governance in place relating to compliance
- Ensure appropriate procedures are in place to satisfy all compliance requirements.
- Assist staff with understanding regulatory requirements.
- Deliver internal regulatory training as appropriate.
Ensure that the Company’s compliance efforts take account of current and forthcoming regulatory developments
- Assist the CEO with managing the relationship with the BMA, ensuring that the Company is positioned to meet the BMA’s expectations on compliance risk, including horizon scanning and assessing regulatory developments.
- Support the business in the implementation of new regulatory requirements.
- Ensure all regulatory reporting and ad hoc regulatory requests are completed in a timely manner.
- Ensure the business is not used as a conduit for money laundering or financial crime
- Act as the Company’s MLRO.
- Ensure an appropriate training program is in place for all employees in respect of financial crime.
- Conduct an annual financial crime risk assessment for presentation to the Board.
- Ensure appropriate sanctions processes are in place.
- Bear responsibility for the oversight of Conduct Risk
- Provide oversight of complaints handling.
- Oversee outsourced and external complaints handlers to ensure Conduct Risk issues are mitigated.
- Ensure there is appropriate reporting of Conduct Risk matters to the Executive Committee and Board.
- Ensure operations comply with regulatory requirements
- Deliver a robust and effective monitoring framework over systems and controls.
- Undertake compliance reviews and assurance engagements in accordance with the Board-agreed Annual Compliance Plan.
- Work closely with Internal Audit and Risk Management to ensure alignment across the 2nd and 3rd lines of defense.
- Contribute to the due diligence process of new business in respect of compliance matters.
- Ensure the coordination and support of day-to-day legal advice for the Bermuda business
- Work with our team of internal lawyers and liaise with our outside legal counsel in both Bermuda and the US to ensure that the day-to-day requirements for legal advice in connection with the Bermuda operations are suitably addressed.
- What we’re looking for
Preferred skills, experience and qualifications
- A Bachelor’s degree in law, Business, Finance, Accounting, Risk Management or a related discipline.
- Professional compliance qualifications are preferred (ICA, CAMS, CRCM or equivalent).
- Legal qualification or advanced degree is desirable.
- 10+ years of progressive experience in compliance, or a related field gained from working within the re/insurance industry.
- Demonstrated experience engaging positively with regulators and expertly managing regulatory examinations.
- In-depth knowledge of relevant laws, regulations, and industry standards, including the BMA Code of Conduct, CISSA and group ORSA requirements.
Key Competencies
- Strategic thinking and executive leadership
- Regulatory expertise
- Risk assessment and mitigation
- Strong communication and stakeholder management
- Independent judgment and integrity
- Analytical and problem-solving skills
- Policy development and implementation
Head of Compliance | Reinsurance in Hamilton employer: Susquehanna International
Susquehanna International is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation within the fast-paced environment of credit and bond markets. Employees benefit from extensive growth opportunities through mentorship from senior analysts and traders, as well as access to cutting-edge resources that empower them to make impactful trading decisions. Located in a vibrant financial hub, the company provides a unique chance to engage with real-time market developments while contributing to strategic initiatives.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Compliance | Reinsurance in Hamilton
✨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 Susquehanna International looking for candidates who are engaged and informed.
We think you need these skills to ace Head of Compliance | Reinsurance in Hamilton
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 Susquehanna International. 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 Susquehanna International
✨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 Susquehanna International’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
