At a Glance
- Tasks: Ensure compliance with UK regulations and lead the compliance framework for our reinsurance business.
- Company: Join a dynamic international team focused on compliance in the reinsurance sector.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional growth.
- Other info: Embrace an inclusive culture that values fresh perspectives and innovative thinking.
- Why this job: Make a real impact in a fast-paced environment while collaborating with diverse teams.
- Qualifications: Experience in compliance or risk roles, with a solid understanding of UK regulatory requirements.
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) in London employer: Swiss Re
Swiss Re is an exceptional employer, offering a dynamic work environment where actuaries can thrive in their careers while leading innovative reinsurance pricing solutions. With a strong focus on collaboration and employee development, the company provides ample opportunities for professional growth and a hybrid work model that promotes work-life balance. Located in the UK & Ireland, Swiss Re fosters a culture of inclusivity and support, making it an ideal place for those seeking meaningful and rewarding employment in the Life & Health sector.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Officer (UK SMF 16) in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the compliance and insurance sectors. Attend industry events or webinars to meet potential employers and get your name out there. Remember, it’s not just about what you know, but who you know!
✨Tip Number 2
Prepare for interviews by researching the company and its compliance practices. Be ready to discuss how your experience aligns with their needs, especially around UK regulatory requirements. Show them you’re not just another candidate; you’re the one they need!
✨Tip Number 3
Practice your pitch! You want to be able to clearly articulate your skills and experiences related to compliance and risk management. Keep it concise and impactful – think of it as your personal brand statement that highlights why you’re the perfect fit for the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team. Let’s make it happen together!
We think you need these skills to ace Compliance Officer (UK SMF 16) in London
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, and 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, mention instances where you've successfully collaborated with stakeholders or led initiatives that required teamwork.
Apply Through Our Website:For the best chance of success, make sure to apply directly through our website. This way, we can easily track your application and ensure it reaches the right team!
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 Compliance Officer 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 experience in compliance, risk, or governance roles. Be ready to provide specific examples of how you've managed compliance risks, particularly in areas like anti-money laundering and data protection, as this will demonstrate your expertise and suitability for the role.
✨Demonstrate Team Collaboration
Since this role involves working closely with diverse teams across EMEA, highlight your ability to collaborate effectively. Share examples of how you've worked with stakeholders at various levels and contributed to team success, showcasing your interpersonal skills.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's compliance framework and how it aligns with their business strategy. This shows your genuine interest in the role and helps you understand how you can contribute to the team's goals and the broader compliance strategy.
