At a Glance
- Tasks: Lead risk and compliance functions, ensuring regulatory adherence and proactive risk management.
- Company: Join a forward-thinking reinsurance firm focused on innovative solutions and analytics.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Embrace diversity and flexibility in a supportive workplace.
- Why this job: Shape the future of compliance in a dynamic environment with real impact.
- Qualifications: Extensive experience in risk and compliance within regulated financial services.
The predicted salary is between 75000 - 100000 € per year.
Location: London
Reports to: Interim CEO
Role Overview
We are looking to hire a highly experienced Chief Risk & Compliance Officer to lead Willis Re’s Risk and Compliance functions and oversee regulatory compliance globally. This senior leadership role is responsible for shaping the strategy and direction of the compliance function, oversees regulatory risk management and drives a culture of integrity and proactive risk mitigation across the business. You work closely with internal business, operations and various functional key-stakeholders and support the achievement of business targets and objectives, and to comply with and fulfil regulatory obligations and expectations. This role falls under SMF16 Senior Manager Regime in the UK and is accountable for oversight of regulatory compliance across the firm, ensuring the organisation meets its obligations under the FCA and PRA rulebooks, SM&CR requirements, and all applicable (re)insurance legislation.
Role Responsibilities:
- Regulatory Oversight & Assurance
- Design, implement and maintain a robust Risk & Compliance Framework
- Ensure clear allocation of responsibilities between first‐ and second‐line functions
- Oversee Risk and Compliance monitoring, testing, incident management and regulatory breach reporting
- Lead relevant change programmes aligned to the reinsurance industry and assess business impacts
- Regulatory Engagement
- Act as the company’s contact with the FCA and other regulatory bodies for conduct, risk and compliance matters
- Lead responses to regulatory enquiries, thematic reviews, skilled persons’ reviews and supervisory visits
- Ensure timely and high‐quality regulatory submissions and attestations
- Governance & Board Advisory
- Provide independent, objective Risk and Compliance advice and challenge to the Board
- Present regular reporting, including risk indicators and emerging regulatory themes
- Support the Board in meeting its collective and individual SM&CR obligations in the UK
- Financial Crime, Conduct & Customer Protection
- Champion high standards of conduct and ethical behaviour across the company
- Oversee frameworks for Anti-Money Laundering, sanctions compliance and Anti-Bribery and Corruption
- Oversee compliance with product governance and complaints requirements as well as other relevant consumer protection regulations
- Risk Management
- Develop, implement and maintain the company’s Enterprise Risk Management framework
- Lead risk identification, assessment and monitoring across the business, including horizon scanning for emerging risks
- Oversee scenario analysis and stress testing (where appropriate)
- Policies, Controls & Risk Management
- Own and maintain risk and compliance policies, procedures and standards
- Ensure effective coordination with relevant internal stakeholders
- Oversee remediation programmes and root cause analysis of compliance failings
- Whistleblowing & Speak‐Up Culture
- Oversee the effectiveness and independence of whistleblowing arrangements
- Ensure whistleblowing issues are appropriately escalated and addressed at Board level
- Leadership & Culture
- Lead and develop the Risk and Compliance function, ensuring suitable resourcing, capability and independence
- Culture and Ethics: Promote a culture of integrity, ethical decision-making, and accountability throughout the company
Required Skills, Knowledge & Experience
- Previous senior risk and compliance leadership experience within UK (re)insurance or regulated financial services ideally at a reinsurance broker
- Strong working knowledge of FCA and PRA regimes, including SM&CR
- Demonstrated experience engaging credibly with regulators (UK, EU and overseas) and Boards
- Experience in obtaining and expanding regulatory authorisations
- Proven ability to exercise independent judgement and effective challenge
- Experience holding SMF16 and/or SMF17 in a (re)insurance firm
- Exposure to multi‐entity or complex regulated group structures
- Professional compliance, legal or risk qualifications
- Experience in leading and developing compliance teams within complex international organisations
- High ethical standards and the ability to make decisions that balance regulatory compliance with business objectives
- Calm and resilient under pressure
- Commercially pragmatic whilst maintaining regulatory standards
About Willis Re
We combine specialist broking with analytics, modeling and research to help insurers optimize risk transfer, strengthen balance sheets and achieve sustainable growth. Our approach is relationship-driven, transparent and outcome-focused. At the heart of Willis Re is a focus on delivering the most cutting-edge analytical solutions to enable more informed, better decision-making for risk selection, portfolio optimization, and capital management. The launch of Willis Re brings a strategic advantage of being unhindered by legacy, an ability to leverage data, statistical models and advanced technologies with the best knowledge and expertise to deliver more efficient and effective reinsurance outcomes. This places Willis Re in a unique position to build a truly analytically driven business, focused on creating solutions for the reinsurance industry that are future led and forward thinking. Willis Re will also leverage recognized technical expertise from WTW’s Insurance Consulting & Technology business including their advanced modeling and analytical capabilities. Alongside this will be WTW’s Research Network, an award-winning business supporting and influencing science to improve the understanding and quantification of risk.
Willis Re is committed to embracing a diverse, inclusive, and flexible work environment. We provide equal opportunity to all qualified individuals regardless of race, colour, religion, age, gender, gender expression, national origin, veteran status, disability, orientation, or any other legally protected categories.
Chief Risk and Compliance Officer employer: Willis Re Bermuda
Willis Re is an exceptional employer, offering a dynamic and inclusive work environment in the heart of London. With a strong commitment to employee growth, we provide opportunities for professional development and leadership within the risk and compliance sector, ensuring our team members thrive in their careers. Our culture prioritises integrity and ethical decision-making, making it a rewarding place for those looking to make a meaningful impact in the reinsurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Chief Risk and Compliance Officer
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about letting people know you’re on the hunt for a Chief Risk and Compliance Officer role. You never know who might have the inside scoop on an opportunity!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of FCA and PRA regulations. Be ready to discuss how you’ve tackled compliance challenges in the past. Show them you’re not just a candidate, but the candidate they need to lead their risk and compliance functions.
✨Tip Number 3
Don’t forget to showcase your leadership skills! When you get the chance to speak with potential employers, highlight your experience in developing teams and fostering a culture of integrity. They want to see that you can inspire others while keeping compliance at the forefront.
✨Tip Number 4
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 at Willis Re. Let’s make this happen together!
We think you need these skills to ace Chief Risk and Compliance Officer
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in risk and compliance, especially within the (re)insurance sector. We want to see how your skills align with our needs!
Showcase Your Leadership Skills:As a senior role, we’re looking for evidence of your leadership capabilities. Share examples of how you've led teams or initiatives in the past, particularly in regulatory environments.
Be Clear and Concise:When writing your application, keep it straightforward. Use clear language and avoid jargon where possible. We appreciate a well-structured application that gets straight to the point!
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at Willis Re Bermuda
✨Know Your Regulatory Stuff
Make sure you brush up on the FCA and PRA regulations, especially around SM&CR. Being able to discuss these frameworks confidently will show that you're not just familiar with the rules but can also apply them strategically.
✨Showcase Your Leadership Skills
Prepare examples of how you've led risk and compliance teams in the past. Highlight your ability to foster a culture of integrity and ethical decision-making, as this is crucial for the role.
✨Engage with Real Scenarios
Think of specific instances where you've managed regulatory breaches or engaged with regulators. Be ready to discuss how you handled these situations and what the outcomes were, as this will demonstrate your practical experience.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's current risk management strategies and future challenges. This shows your genuine interest in the role and helps you assess if the company aligns with your values and expertise.
