At a Glance
- Tasks: Lead risk and compliance functions, ensuring regulatory compliance globally.
- Company: Join a leading reinsurance firm with a commitment to integrity and proactive risk management.
- Benefits: Competitive salary, leadership opportunities, and a culture of ethical decision-making.
- Other info: Promote a culture of accountability and integrity across the organisation.
- Why this job: Shape the future of compliance in a dynamic and impactful role.
- Qualifications: Senior risk and compliance experience in UK regulated financial services required.
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, overseeing regulatory risk management and driving a culture of integrity and proactive risk mitigation across the business. You will work closely with internal business, 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. 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
- 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
Equal Opportunity Statement
Our company provides 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 in London employer: Willis Re
Willis Re is an exceptional employer, offering a dynamic work environment in the heart of London where integrity and proactive risk management are at the forefront of our operations. We prioritise employee growth through continuous professional development opportunities and foster a collaborative culture that values ethical decision-making and accountability. Join us to be part of a leading team that shapes the future of risk and compliance in the reinsurance industry.
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 want you to be able to showcase how your experience aligns with their values and objectives. Tailor your responses to highlight your leadership in risk and compliance!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors. We can’t stress enough how important it is to articulate your thoughts clearly, especially when discussing complex regulatory frameworks.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
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 direct experience you have with these frameworks. This will show us that you’re ready to hit the ground running!
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 culture and values.
How to prepare for a job interview at Willis Re
✨Know Your Regulations
Make sure you brush up on the FCA and PRA regulations, especially the SM&CR requirements. Being able to discuss these in detail 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 experience in developing 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 successfully managed regulatory challenges or compliance breaches. Be ready to discuss how you approached these situations and what the outcomes were.
✨Ask Insightful Questions
Prepare thoughtful questions about the company’s current risk management strategies and compliance frameworks. This shows your genuine interest in the role and helps you assess if the company aligns with your values.
