At a Glance
- Tasks: Ensure compliance with UK regulations and lead the compliance framework for our reinsurance business.
- Company: Join a dynamic global team in a leading reinsurance company.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional growth.
- Other info: Embrace an inclusive culture that values fresh perspectives and innovation.
- Why this job: Make a real impact in compliance while working in a diverse international environment.
- Qualifications: Experience in compliance or risk roles, with strong communication skills.
The predicted salary is between 76000 - 114000 £ per year.
We are looking for an ambitious individual who thrives 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.
Responsibilities
- 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 and managing associated functions.
- 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 following: the requirements, scope, complexity and responsibilities of the role; 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.
Equal Opportunity & Inclusion
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
Join a dynamic and inclusive team as a Compliance Officer in London, where you will play a pivotal role in ensuring compliance within the P&C and L&H reinsurance sectors across EMEA. Our company fosters a collaborative work culture that values innovation and professional growth, offering competitive compensation and a hybrid working model to support work-life balance. With a commitment to diversity and equal opportunity, we empower our employees to thrive and contribute meaningfully to our mission.
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 your connections in the compliance and reinsurance sectors. Attend industry events or webinars to meet potential employers and get your name out there. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by researching the company and its compliance culture. Be ready to discuss how your experience aligns with their needs, especially around UK regulatory requirements. Show them you’re not just a fit, but the perfect fit!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a thank-you email reiterating your interest in the role and highlighting key points from your conversation. It shows enthusiasm and keeps you on their radar.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, you’ll have access to exclusive resources and tips that can help you stand out in the competitive compliance landscape.
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 is tailored to the Compliance Officer role. Highlight your experience in compliance, risk, and governance, especially within the UK market. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about compliance and how you can contribute to our team. Be sure to mention any relevant regulatory experience you have.
Showcase Your Attention to Detail:In compliance, attention to detail is crucial. Make sure your application is free from typos and errors. We appreciate candidates who take the time to present their best work right from the start!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Swiss Re
✨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 to discuss your previous roles in compliance, risk, or governance. Highlight specific examples where you've successfully navigated compliance challenges or improved frameworks, particularly in the (re-)insurance sector. This will demonstrate your expertise and fit for the position.
✨Demonstrate Collaborative Skills
Since this role involves working with diverse teams across EMEA, be ready to share examples of how you've effectively collaborated with stakeholders at various levels. Emphasise your ability to communicate clearly and build relationships, as this is crucial for success in a dynamic environment.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills and ability to manage compliance risks. Think about potential compliance issues you might face in the role and how you would address them. This will show your proactive approach and readiness to tackle challenges head-on.
