At a Glance
- Tasks: Lead and enhance risk and compliance frameworks in a dynamic team environment.
- Company: Join Willis Re, a forward-thinking reinsurance company focused on innovation.
- Benefits: Diverse and inclusive workplace with opportunities for professional growth.
- Other info: Embrace a flexible work culture that values curiosity and collaboration.
- Why this job: Make a real impact in the reinsurance industry while developing your career.
- Qualifications: Experience in risk and compliance within the UK (re)insurance sector is essential.
The predicted salary is between 63000 - 77000 £ per year.
- Location
- London
- Reports to: Interim Chief Risk and Compliance Officer (CRCO)
Role Overview
We are looking to hire an experienced Senior Risk and Compliance Officer to help embed and oversee Willis Re's Risk and Compliance frameworks both in the UK and internationally.
This role is very much hands on, working with a small team to develop the compliance framework to mitigate regulatory risk, financial crime and embed the broader enterprise risk management framework across all areas of the business.
You will work closely with our internal broking divisions, operations and various functional key-stakeholders to support the achievement of business targets and objectives, and to comply with and fulfil regulatory obligations and expectations.
- Role Responsibilities
- Regulatory Oversight & Assurance
- Embed and continuously look to improve a robust Risk & Compliance Framework
- Support the delivery of a robust three lines of defence control environment
- Deliver an annual plan of Risk and Compliance monitoring, testing.
- Oversee incident management and regulatory breach reporting
- Help deliver change programmes aligned to the reinsurance industry and assess business impacts
- Regulatory Engagement
- Deputise for the CRCO with the FCA and other regulatory bodies for conduct, risk and compliance matters
- Assist in responding to regulatory enquiries, thematic reviews, skilled persons' reviews and supervisory visits
- Ensure timely and high-quality regulatory submissions and attestations
- Governance & Board Advisory
- Deputise for the CRCO when required at all relevant Boards and Committees
- Help prepare all regular reporting, including risk indicators and emerging regulatory themes
- Support Willis Re 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
- Be a key stakeholder in the development, embedding and testing of frameworks for Sanctions, Anti-Money Laundering and Anti-Bribery and Corruption
- Ensure Willis Re remains compliant with product governance and complaints requirements as well as other relevant consumer protections so far as Will Re is impacted Risk Management
- Assist the CRCO in the continuous development, implementation and maintenance of the company's Enterprise Risk Management framework
- Assist in the process of 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
- Ensure Willis Re maintains all risk and compliance policies, procedures and standards as required to meet its regulatory, legal and commercial requirements
- Oversee remediation programmes and root cause analysis of compliance failings
- Required Skills, Knowledge & Experience
- Previous senior risk and compliance experience within the UK (re)insurance sector, 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
- Exposure to multi-entity or complex regulated group structures
- Professional compliance, legal or risk qualifications
- 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.
If you have a need that requires accommodation, please email us at talentacquisition@willisre. com We’re hiring people from all walks of life who are curious, collaborative and ambitious.
If you want to be part of a team that leads with heart, builds with courage and redefines what’s possible in our industry, then this is your moment.
We look forward to hearing from you!
If you’re curious, collaborative, and ambitious, you’ll find the opportunity at Willis Re to shape something extraordinary.
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Senior Risk & Compliance Officer employer: Willis Re (UK) Limited
Willis Re is an exceptional employer, offering a dynamic and inclusive work environment in the heart of London. With a strong focus on employee growth and development, we provide opportunities for our team members to engage with cutting-edge analytical solutions and collaborate across various functions. Our commitment to diversity and flexibility ensures that every individual can thrive while contributing to meaningful outcomes in the reinsurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk & Compliance Officer
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Willis Re (UK) Limited looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Risk & Compliance Officer
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Willis Re (UK) Limited. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Willis Re (UK) Limited
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Willis Re (UK) Limited’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
