At a Glance
- Tasks: Ensure compliance with UK regulations and provide advisory support on key compliance risks.
- Company: Join Swiss Re, a leading global provider of reinsurance and risk transfer solutions.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional growth.
- Why this job: Be part of a dynamic team making a real impact in the compliance landscape.
- Qualifications: Experience in compliance or risk roles, with strong communication skills.
- Other info: Diverse and inclusive workplace encouraging innovative thinking and collaboration.
The predicted salary is between 76000 - 114000 £ per year.
We are looking for an ambitious individual who thrives working in a dynamically changing international environment to join us as a Compliance Officer for our P&C and L&H reinsurance business across EMEA, with a specific focus on the United Kingdom. The role includes acting as SMF 16 ensuring adherence to applicable UK regulatory requirements and industry standards. The role reflects a broad and hands-on compliance remit, with responsibilities spanning regulatory oversight, advisory, governance, and project work.
Typical activities include:
- Acting as the FCA-approved SMF16 Compliance Officer for the UK entity, with accountability under the SMCR framework, including Fitness & Propriety, Conduct Rules, and senior manager engagement.
- Leading and continuously enhancing the compliance framework aligned with relevant external and internal requirements.
- Providing trusted advisory support on key compliance risks including conduct risk, financial crime, and data protection across Reinsurance within EMEA.
- Monitoring and assessing regulatory developments in the UK and EMEA and managing regulatory relationships, including regulatory consultations, filings, and supervisory interactions.
- Providing assurance to management regarding the business' implementation of Compliance Risk Frameworks through oversight of business activities and support of assurance activities.
- Delivering compliance reporting, including contributing to the Group Board reporting and local committee engagement and supporting governance and senior leadership.
- Performing Compliance Risk Assessments and delivering training.
- Collaborating with global compliance teams and contributing to broader EMEA and global compliance strategy and transformation initiatives.
About the Team
This is an exciting opportunity to be a crucial member of the P&C & L&H Reinsurance EMEA Compliance team, as part of a global team. You will report to the Head Compliance P&C & L&H Reinsurance EMEA. The team is internal business client facing with an international footprint and diversity of team members. We provide end-to-end guidance on key Compliance Risks including Anti-Money Laundering, International Trade Sanctions, Anti-Bribery & Corruption, Data Protection, Conduct Risk, and others. Our clients are diverse and are committed to delivering value and innovative services and products in a compliant manner. We are a diverse team based in Zurich, Munich, Cape Town, Luxemburg, Bratislava and London.
About You
You are an experienced Legal, Compliance or Risk professional with experience in carrying out regulatory monitoring activities. You believe in leadership from every seat and will be able to demonstrate that in your day-to-day endeavors. Attention to detail is key, and your ability to prioritise tasks and work collaboratively with stakeholders at all levels is critical to success in this role.
We would like you to have:
- University degree or equivalent qualification.
- Solid experience in compliance, risk or governance related roles with experience in the UK market.
- Good understanding of (re)-insurance regulatory requirements.
- Solid understanding of compliance risks, particularly anti-money laundering, international trade controls, conduct and data protection.
- Ability to take ownership and prioritise and work in a dynamic and changing matrix environment.
- Strong communication, interpersonal and presentation skills.
- Fluent in English, other languages a plus.
Behaviours
We expect that you always act with integrity, regardless of the situation. We are looking for a great teammate that collaborates well but still takes ownership for your own work by effectively prioritising and executing your tasks. This is a fast-paced role where pragmatic thinking, effective time management and the ability to multi-task are key. By demonstrating innovation and the drive for continuous improvement, there are many opportunities to add value to our team!
Compensation & Work Model
The base salary range for this position is between 76,000 GBP and 114,000 GBP (full time equivalent). The specific salary offered considers the requirements, scope, complexity and responsibilities of the role, and the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience. Hybrid working model with a minimum of three days per week in the office.
About Swiss Re
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world. Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability. If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
Compliance Officer (UK SMF 16) employer: Swiss Re - Schweizerische Rückversicherungs-Gesellschaft
Contact Detail:
Swiss Re - Schweizerische Rückversicherungs-Gesellschaft Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Officer (UK SMF 16)
✨Tip Number 1
Network like a pro! Reach out to folks in the compliance field, especially those who work at companies you're interested in. A friendly chat can open doors and give you insider info on job openings.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UK regulatory requirements and compliance risks. We want you to show off your expertise and how you can add value to our team!
✨Tip Number 3
Don’t just apply; engage with us! Follow our company on social media, comment on posts, and share relevant content. This shows your enthusiasm and helps you stand out from the crowd.
✨Tip Number 4
Practice your interview skills with a friend or mentor. Get comfortable discussing your experience in compliance and how it relates to the role of SMF 16. Confidence is key!
We think you need these skills to ace Compliance Officer (UK SMF 16)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Compliance Officer role. Highlight your experience in compliance, risk, or governance, especially within the UK market.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for this role. Share specific examples of how you've tackled compliance challenges and your understanding of regulatory requirements.
Showcase Your Soft Skills: We value strong communication and interpersonal skills. In your application, give us a glimpse of how you collaborate with teams and manage relationships with stakeholders at all levels.
Apply Through Our Website: For the best chance of success, make sure to apply directly through our website. This way, your application will be reviewed by our recruitment team, and you'll be one step closer to joining us!
How to prepare for a job interview at Swiss Re - Schweizerische Rückversicherungs-Gesellschaft
✨Know Your Regulations
Make sure you brush up on the UK regulatory requirements and industry standards relevant to the role. Familiarise yourself with the SMCR framework, especially the Fitness & Propriety and Conduct Rules, as these will likely come up during your interview.
✨Showcase Your Experience
Prepare specific examples from your past roles that demonstrate your experience in compliance, risk, or governance. Highlight any direct involvement with anti-money laundering, data protection, or regulatory monitoring activities to show you’re a perfect fit for the position.
✨Demonstrate Collaborative Skills
Since this role involves working with diverse teams across EMEA, be ready to discuss how you've successfully collaborated with stakeholders at various levels. Share instances where your teamwork led to effective compliance solutions or improved processes.
✨Ask Insightful Questions
Prepare thoughtful questions about the company’s compliance culture and how they handle regulatory changes. This shows your genuine interest in the role and helps you assess if the company aligns with your values and career goals.