Senior Compliance Officer

Job Overview

Our client is seeking to recruit a Senior Compliance Officer to join their team on a 6-month Fixed Term basis in either Dublin or Cavan.

Responsibilities

* Act as a liaison and provide support and compliance advice to the business in managing compliance requirements while adhering to tight deadlines; includes working closely clients and internal departments to clearly understand and address business problems and issues
* Provide detailed compliance progress reports to senior management including contribution to board and committee reports to ensure senior management is up to date and aware of key compliance issues
* Where required, verify follow up actions taken by the Business areas in response to Compliance queries on projects/changes, to ensure that compliance recommendations have been addressed
* Assist with engagement with Regulatory Bodies and themed inspections. This entails reviewing information requests from regulatory bodies, assessing materials to be submitted and any compliance exposures, managing visits, responding to queries and formal letters from regulatory bodies. Ensuring business units meet the required regulatory deadlines
* Independently assess routine as well as non-routine compliance issues and determine if and when to escalate to management
* Review and assess compliance requirements on significant business projects, ensuring all legal and regulatory requirements arising from projects and business initiatives are being considered and included within project scope
* Communicate clearly and timely to business units the key compliance risks to be addressed and provide detailed support throughout the project process
* Research of the Irish/UK Insurance market and general business legislation, which may entail in-depth and complex research, fact gathering and analysis
* Provide accurate and timely compliance advice and assistance, including interpretation of existing and proposed new guidance and legislation and propose how they should be implemented within the business units
* Work independently or with minimal supervision and make decisions on medium level risk
* Assess compliance risks and controls in place by the business to mitigate the associated compliance risks. Provide an independent evaluation of, and opinion on, processes, systems and controls to manage compliance risks, providing recommendations to address areas of vulnerability
* Perform internal independent compliance reviews to ensure compliance with internal policies and external regulation
* Address ad hoc legal/compliance queries and complete ad hoc reports and duties as required by Management

Experience & Knowledge

* Strong knowledge of the legal and regulatory environment in ROI and UK
* 5+ years compliance and regulatory experience in Compliance Officer role
* Insurance or Financial Services Background
* Knowledge of insurance processes and operations

If you believe you are a match to this role and you are available and interested in a fixed term contract within a very strong organisation - please send a copy of your latest CV to Bernadette Sisson for immediate consideration

Key Contact

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