Primary Insurance Regulation Specialist
2 weeks ago
We are seeking an experienced Aircraft Compliance Manager to join our team at Munich Re. As a key member of our UK Compliance department, you will be responsible for providing specialist knowledge, practical solutions, and monitoring of compliance topics related to primary insurance regulation.
Job Overview:
- This role involves providing support to the Head of Legal & Compliance in developing, implementing, and maintaining a compliant CMS, ensuring appropriate compliance with all relevant laws and regulations and Group standards.
- You will also be responsible for providing support on delivery of the Compliance Plan as approved by the Company Board and performing compliance monitoring practices for agreed compliance topics.
- Additionally, you will monitor business performance on the identification, notification, and handling of potential compliance breaches.
Key Responsibilities:
- Develop, implement, and maintain a compliant CMS, ensuring appropriate compliance with all relevant laws and regulations and Group standards.
- Deliver the Compliance Plan as approved by the Company Board.
- Perform compliance monitoring practices for agreed compliance topics, whilst adapting where necessary to the results of business change and projects.
- Monitor business performance on the identification, notification, and handling of potential compliance breaches, considering if external regulatory breaches may have occurred and reporting and escalating such instances appropriately.
Requirements:
- Professional experience in a compliance role within financial services.
- Experience in assessing financial sanctions queries relating to complex (re)insurance coverages and via delegated outsourcing arrangements.
- Excellent understanding of the FCA's business standards PRIN, SYSC, SUP, COBS, ICOBS, RPPD, PROD, COCON.
- Proven knowledge of the primary insurance regulatory environment including related conduct compliance risks.
Our Benefits:
- A competitive salary range of £55,000 - £75,000 per annum, depending on experience.
- An on-target bonus.
- 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%.
- Fully paid 6 months family leave for times when you need it the most.
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