Job: Senior Compliance Officer

Senior Compliance Officer reporting to Head of Compliance with responsibility for Solvency II Compliance Key Function Holder and MLRO

Knowledge and Qualifications:

• Degree educated with ACII and/or other relevant professional qualification preferred.
• Thorough knowledge and understanding of the principles and application of compliance frameworks.
• Thorough knowledge of legislative and regulatory requirements applicable within the insurance sector in Gibraltar, as well as professional standards and accepted business practices.
• Thorough knowledge of legislative and regulatory requirements applicable to insurers underwriting risks in the UK, in particular in relation to UK motor insurance business, as well as professional standards and accepted business practices.

Skills and Demonstrated Experience:

• Experience of managing compliance and regulatory risk within a diverse and evolving/changing environment.
• Extensive experience of liaising with the regulators/statutory bodies essential, in addition experience of liaising with the Gibraltar Financial Services Commission (GFSC) desirable.
• Ability to understand and interpret regulatory requirements within a commercial environment and apply sound judgement.
• Demonstrate high standards of integrity and an ability to promote and embed a compliance-aware culture.
• Strong communicator with the ability to collaborate effectively with colleagues at all levels.
• Ability to produce high-quality written reports and other compliance-related materials (e.g. board reports, internal and external communications etc.).
• Highly organised and motivated, with the ability to manage a diverse portfolio of compliance and regulatory-related activity.
• Strong analytical skills with an eye for detail.

Role Summary:

The core role is the provision of day-to-day compliance oversight of the activities of three Gibraltar-based insurance companies, to ensure the successful mitigation of compliance risk and support these insurance companies in achieving their strategic objectives. The three Gibraltar-based insurance companies are all licensed and regulated by the Gibraltar Financial Services Commission (GFSC) and each primarily underwrite UK motor insurance through a distribution arrangement.

The role is based in the Gibraltar office. The role reports to Head of Compliance and the Audit Committees of the three Gibraltar-based insurance companies. The role holder receives support and actively collaborates/assists the wider compliance team.

The role is the main point of contact with the GFSC and other regulatory and industry bodies for the three Gibraltar-based insurance companies. The role holder will be appointed, subject to regulatory approval, as the Solvency II Key Function Holder for Compliance and the Money Laundering Reporting Officer for the three Gibraltar-based insurance companies.

Due to the international nature of the business this role may also be required to provide support to other areas of the company. Some travel may be required to the UK head office and for on-site visits to insurance distributors primarily in situated in the UK.