Senior Compliance Manager

Senior Compliance Manager

Senior Compliance Manager will support the Chief Risk Officer – Europe, who is responsible for overseeing the European offices of the regulatory systems and controls that meet applicable regulatory and legislative requirements based on the territories within which they operate.

Senior Compliance Manager will be working with other team members to implement appropriate regulatory controls, ensuring where possible, consistency of approach across all of the Operating Entity's Trading Companies.

What You'll Do

• Provide input to the Chief Risk Officer - Europe in preparing the European Compliance element of the Annual Compliance Plan.
• Ownership of the Conduct Risk Framework for Europe, including development of the Conduct Risk Committee and the POG, ownership of conduct-related policies, compliance reporting, and oversight of the delivery of good customer outcomes.
• Responsible for horizon scanning and assessment of the impact of emerging regulatory requirements across multiple European jurisdictions, including (but not limited to) Luxembourg, France, and Germany.
• Lead regulatory change projects, ensuring timely adaptation and compliance.
• Support the team in providing compliance advice to the Operating Entity.
• Provide timely and considered guidance on a range of insurance topics across Europe.
• Act as a key contributor to Board and Risk Committees.
• Support the CRO in responding strategically to emerging compliance and customer-impacting initiatives.
• Work closely with the Compliance Monitoring Team to identify emerging trends and potential risks for the European offices, their clients, and other market counter parties.
• Respond to concerns, issues, or breaches identified within the European offices by first- or second-line defence functions.
• Act as a regulatory technical referral point for the business.
• Provide regular updates on applicable legislative matters, arising issues, and management actions from compliance reviews.
• Organise regular meetings with operational functions in each European office to coordinate activities and share compliance updates.
• Attend regular business-unit governance meetings to provide compliance updates.
• Identify and oversee training needs for the European offices, including induction for new employees.
• Ensure the accurate and timely completion of any applicable regulatory returns relating to the Operating Entity's European offices.
• Maintain an active relationship with relevant regulators, ensuring appropriate representation and responsiveness where necessary.
• Support the Chief Risk Officer – Europe in delivering and maintaining second-line defence policies and procedures for the Operating Entity's European offices.
• Regularly review the Operating Entity's policies and procedures (e.g., OPMs) to ensure continued fitness for purpose.
• Interpret new regulatory developments and implement corresponding actions within the policies and procedures framework.

Who We're Looking For

• Proven experience in identifying and interpreting insurance regulatory requirements and developing/overseeing compliance systems and controls.
• Strong knowledge of the Insurance Distribution Directive (IDD) and other applicable EU insurance directives, particularly in relation to insurance broking.
• Experience with regulatory requirements across multiple EU states, including Luxembourg and France.
• Understanding of conduct risk controls and customer outcome requirements.
• Previous experience in a financial services firm, ideally within the insurance sector.
• Strong understanding of insurance principles, products, and services.
• Ability to interact with regulatory bodies and represent the firm externally where necessary.

Qualifications

• University degree in Law, Finance, Risk Management, or a related field
• Professional certification in compliance, risk, or insurance.
• Minimum 5 years of experience in compliance, legal, or risk functions within insurance or financial services.
• Fluent in French and English required. Knowledge of any other European languages would be beneficial.

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