About us
HDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.
The role
- Reporting to the Senior Compliance Manager to support the delivery of the functional strategic plans by assisting with the day to day running of the compliance operation, which includes compliance monitoring, advising the business and assisting with planning and organising workload/resources to ensure responsibilities and commitments are performed to the required standards, timescales and targets.
- Overseeing the management of the compliance monitoring function across all legal entities of HDI in both the UK and Ireland.
- Responsible for ensuring that all activities performed are conducted in accordance with relevant regulations from BaFin, the PRA, FCA and Central Bank of Ireland and to ensure maintenance of required standards of compliance.
- Assisting with the effective functioning of the Compliance Team, ensuring adherence to internal and external deadlines and meeting our regulatory obligations
Key accountabilities
- Working closely with and providing day to day compliance advice to the HDI UK and Ireland
- Monitor horizon scanning activities to ensure appropriate communications are sent to relevant stakeholders within the Branch and followed up appropriately
- Ensure policies are reviewed and adapted for local laws and regulations where applicable; maintain local compliance policies
- Assist with regulatory engagement, including coordinating responses to general data requests and any ad-hoc enquiries received.
- Ensure the following non-exhaustive Compliance tasks are carried out:
- Ensure FCA, PRA and Central Bank of Ireland permissions and filings are requested/completed when appropriate and identify efficiencies in regulatory processes;
- Contact point for sanctions queries from underwriters and other personnel;
- Provide guidance on licensing queries from the business, and effective liaison with legal/compliance colleagues at Home Office;
- Maintain, modify and enhance the regulatory communications log and policy so that all notifiable breaches are identified and managed appropriately;
- Manage process development for the Compliance area;
- Monitor, review and oversee regulatory change to ensure the necessary regulatory change has been communicated to the business and included within all business processes;
- Identifying issues within the compliance department and revising working methods/processes to enhance effectiveness, quality and processes for the department.
- Develop and undertake an appropriate compliance monitoring programme, including thematic reviews and business area-specific audits, results and remediation to be reported to senior management and Home Office at regular intervals.
- Management of key compliance-specific initiatives and projects
Skills & experience
- Degree educated or equivalent
- At least 5 years’ experience working in compliance management
- Experience within general insurance, preferably non-life
- Experience of dealing with relevant regulatory bodies e.g. FCA, PRA, CBoI, Financial Ombudsman Service
- Able to interpret, understand and apply all regulations.
- A good working knowledge of the UK Regulatory Rules and Principles, in particular relating to Conduct Risk, insurance classes of business, and regulatory reporting. Some knowledge of the Irish regulatory regime preferred.
Other
As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.
If you require support with your application, please contact UK&IRE_Recruitment@hdi.global
