At a Glance
- Tasks: Lead risk and compliance functions, ensuring regulatory adherence and proactive risk management.
- Company: Join Willis Re, a leader in reinsurance with a focus on integrity and innovation.
- Benefits: Competitive salary, leadership opportunities, and a dynamic work environment.
- Other info: Be part of a culture that values ethics, accountability, and professional growth.
- Why this job: Shape the future of compliance in a global organisation and drive meaningful change.
- Qualifications: Extensive experience in risk and compliance within regulated financial services.
The predicted salary is between 100000 - 150000 € 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.
Chief Risk and Compliance Officer in London employer: Willis Re Bermuda
Willis Re is an exceptional employer, offering a dynamic work environment in London where integrity and proactive risk management are at the forefront of our culture. As a Chief Risk and Compliance Officer, you will have the opportunity to lead a talented team, engage with regulatory bodies, and shape compliance strategies that drive business success while fostering your professional growth in a supportive and collaborative atmosphere.
StudySmarter Expert Advice🤫
We think this is how you could land Chief Risk and Compliance Officer in London
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend relevant events. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We should be ready to discuss how our skills align with their values and objectives. Tailor your responses to show you’re the perfect fit for their team!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors. We can refine our answers and get comfortable discussing our experience and how it relates to the Chief Risk and Compliance Officer role.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in showing our enthusiasm for the position. Plus, it keeps us on their radar as they make their decision.
We think you need these skills to ace Chief Risk and Compliance Officer in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Chief Risk and Compliance Officer role. Highlight your relevant experience in risk management and compliance, especially within the (re)insurance sector. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of your leadership in risk and compliance, and how you’ve successfully engaged with regulators. Let us know what makes you tick!
Showcase Your Regulatory Knowledge:We’re looking for someone with a strong grasp of FCA and PRA regulations. In your application, make sure to mention any relevant qualifications or experiences that demonstrate your expertise in these areas. This will help us see your capability to navigate the regulatory landscape.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about our company and culture while you’re at it!
How to prepare for a job interview at Willis Re Bermuda
✨Know Your Regulations Inside Out
As a Chief Risk and Compliance Officer, you’ll need to demonstrate a strong grasp of FCA and PRA regulations. Brush up on the latest updates and be ready to discuss how they impact the business. This shows you’re not just familiar with the rules but can also apply them strategically.
✨Showcase Your Leadership Skills
This role requires leading a team and influencing the board. Prepare examples of how you've successfully led compliance initiatives or managed teams in the past. Highlight your ability to foster a culture of integrity and ethical decision-making within an organisation.
✨Prepare for Regulatory Engagement Scenarios
Expect questions about your experience with regulatory bodies. Think of specific instances where you’ve engaged with the FCA or other regulators. Be ready to discuss how you handled inquiries or reviews, showcasing your communication skills and strategic thinking.
✨Demonstrate Your Risk Management Acumen
You’ll need to illustrate your experience in developing and implementing risk management frameworks. Prepare to discuss how you identify and mitigate risks, including any innovative approaches you've taken. This will show your proactive mindset and ability to drive change.
