Oliver James have partnered with a new entrant into the Irish Market to appoint a Head of Compliance into a newly created position. Our client, a speciality non-life insurer is keen to appoint a PCF12 into the firm to support the strategic build out of the compliance frameworks and procedures.
The role will report into the CEO and be responsible for the following day-to-day duties:
Oversee all duties related to the Central Bank of Ireland's Pre-Approved Control Function 12.Provide expert advice to the board on compliance with Solvency II regulations and other relevant legislation adopted under the Solvency II Directive.Evaluate the potential impact of legislative changes across the State and EEA on the company's operations, identifying and managing compliance risks.Develop and implement a comprehensive compliance monitoring programme, reporting regularly to the Audit Committee.Serve as the primary compliance contact for executive management, including overseeing compliance on all major projects.Monitor the company's adherence to statutory, regulatory, and guidance requirements.Collaborate with management to ensure that effective compliance systems are in place and fully understood by all relevant staff.Deliver regular compliance reports to the Board/Risk Committee, identifying trends and areas for improvement.Define and manage the Annual Compliance Plan in accordance with regulatory requirements and industry best practices.Lead compliance training initiatives to ensure broad understanding across all levels of the business.Review and assess new business activities to ensure compliance and mitigate potential risks.Manage the company's complaint-handling procedures, ensuring they are followed and compliant.Review and update company policies to ensure ongoing compliance with local legislation, recommending necessary amendments where needed.Maintain and update the Conflict of Interest Policy annually, conducting reviews of the conflict register and mapping conflicts of interest.Ensure timely and appropriate disclosures to regulators and stakeholders, particularly in the event of a material compliance breach.Serve as the Company's Data Protection Officer, appointed by the Board, ensuring the organisation meets all requirements of the General Data Protection Regulations (GDPR) 2015, and providing regular updates to the Board.Contribute to the overall management of the company as part of the executive management team.The successful candidate will possess a minimum of 5 years within a senior leadership Regulatory Compliance background pertained within a non-life (re)insurer along with the following attributes:
Must either be registered or willing to register with the Central Bank of Ireland as Pre-Approved Control Function 12 (PCF12), Head of Compliance. This is a PCF role and is subject to enhanced pre-employment screening and ongoing fit and proper status.Extensive experience in a Central Bank of Ireland regulated environment, with particular expertise in Freedom of Services operations across the European Economic Area.Strong familiarity with the local regulatory and governance landscape.Proven experience in developing, implementing, and managing corporate compliance programs, including handling ethical issues and codes of conduct.Deep understanding of various compliance frameworks.Excellent written and verbal communication skills, with the ability to engage effectively with all levels of management.Strong relationship-building skills, particularly with senior stakeholders.Ability to operate successfully in a fast-paced, dynamic organisation.If you would like to be considered for this position, click the apply button below. Alternatively, if you would like to have a confidential discussion around the same before applying, please reach out on the following details:
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