Description:

Job Summary:

- Serve as a senior expert providing compliance advisory and monitoring services focused exclusively on non-financial risks within the insurance sector.

- Drive the implementation, testing, and continuous improvement of the internal control environment in response to new and evolving regulatory mandates.

- Required to be an immediate joiner with 10+ years of relevant experience, working primarily remotely (WFH) but expecting 10-20% travel for key meetings or audit activities.

Core Responsibilities

Compliance Advisory and Monitoring:

- Provide expert, practical compliance advisory to business units on the interpretation and application of conduct regulations and other non-financial regulatory requirements applicable to the insurance sector.

- Design and execute comprehensive compliance monitoring programs to proactively identify control weaknesses, instances of non-compliance, and emerging risks.

- Conduct independent reviews of business processes, documents, and communications to ensure adherence to internal policies and external regulations.

Control Design and Testing:

- Lead the design and implementation of new internal controls and enhance existing controls to mitigate identified compliance risks effectively.

- Execute detailed controls testing procedures, including reviewing evidence and documenting findings, particularly concerning controls identified through RCSAs (Risk and Control Self-Assessments).

- Evaluate the effectiveness of internal control frameworks and recommend remediation plans where control deficiencies are identified.

Regulatory Change Management:

- Manage the end-to-end process for assessing and implementing regulatory changes impacting the insurance sector (specifically non-financial regulations).

- Conduct thorough impact assessments of new or revised regulations on internal policies, control processes, and operational procedures.

- Work cross-functionally to drive necessary system and procedural changes to ensure timely and compliant implementation of regulatory mandates.

Training and Documentation:

- Design, develop, and deliver effective compliance training programs to various levels of staff, reinforcing a strong culture of compliance.

- Maintain and update compliance policies, procedures, and monitoring documentation in line with regulatory changes and best practices.

Required Skills and Experience

- Minimum of 10+ years of dedicated professional experience in compliance advisory and/or compliance monitoring within the insurance sector, with a focus on non-financial risks.

- Proven, hands-on experience conducting controls testing and validating the operating effectiveness of internal controls.

- Strong, demonstrated knowledge of conduct regulations applicable specifically to the insurance industry (e.g., Market Conduct, Treating Customers Fairly, Privacy).

- Experience with RCSAs (Risk and Control Self-Assessments) and integrating control processes into broader GRC (Governance, Risk, and Compliance) frameworks.

- Demonstrated ability to design and deliver professional compliance training and awareness programs.

- Excellent analytical skills for regulatory interpretation and conducting complex impact assessments.

- Bachelor's or Master's degree in Law, Finance, Business Administration, or a related field.

Preferred Skills and Certifications

- Relevant industry certification (e.g., CAMS, CCEP, or specific insurance compliance certifications).

- Experience with GRC tools and platforms (e.g., MetricStream, Archer) for managing compliance monitoring and RCSA cycles.

- Familiarity with data privacy regulations (e.g., GDPR, CCPA) as they pertain to insurance operations.

- Experience working in a remote capacity with a globally distributed or geographically dispersed team.