Head of Compliance

Augment Risk; United Kingdom; Remote; GBP 60,000 - 100,000; Full time

Job summary

An innovative firm is seeking a Head of Compliance to lead their compliance function across multiple jurisdictions. This role involves developing a robust compliance framework, conducting risk assessments, and ensuring adherence to regulatory requirements. You will work in a dynamic environment, collaborating with talented individuals and driving a culture of compliance. The company values flexibility and encourages ownership, making it an exciting opportunity for those looking to make a significant impact in the compliance space. Join a team that rewards success and fosters an inclusive culture.

Benefits

Flexible work from anywhere

Equity options for employees

Innovative and inventive work culture

Multi-disciplinary collaboration

Comprehensive employee benefits

Qualifications

• 7+ years of experience in regulatory compliance, preferably in property & casualty.
• Experience with U.K. Financial Conduct Authority is essential.

Responsibilities

• Develop and maintain the compliance framework across all jurisdictions.
• Conduct risk assessments and implement mitigation strategies.

Skills

Regulatory Compliance

Risk Assessment

Organizational Skills

Communication Skills

Problem Solving

Education

Bachelor’s degree or equivalent

Job description

The Head of Compliance will report directly to the General Counsel and Chief Compliance Officer. This individual will be responsible for managing the compliance function across the Augment group of companies, including meeting compliance obligations in the United Kingdom, United States, and Bermuda as well as other territories as the company grows. The Head of Compliance will work to continue the build-out the compliance framework of the company, assessing the company’s compliance risks, making recommendations to manage those risks, and ensuring implementation of required compliance activities to mitigate compliance risk and support our strong ethical culture.

Responsibilities:

• Compliance Strategy: Play a lead role in building a compliance culture in a start-up reinsurance and capital management firm.
• Compliance Framework: Develop, implement, and maintain the company’s compliance framework to ensure adherence to regulatory and compliance requirements across all jurisdictions in which we do business.
• Risk Assessment: Conduct a company-wide risk assessment; make recommendations to address compliance risks and implement mitigation to close identified gaps in our operational compliance.
• Monitoring: Develop a monitoring plan to ensure continued adherence to compliance protocols.
• Policies and Procedures: Draft, maintain, and update required policies and procedures to ensure periodic review, adjustments and approvals as necessary.
• Licensing and Returns: Provide oversight of license applications and renewals; assist in the application process for entity and individual licensure as needed. File required regulatory returns in a timely manner and maintain proper documentation of same.
• Changes in Laws: Stay abreast of changes in laws impacting compliance requirements in the various jurisdictions in which Augment is licensed and operating.
• Training and Awareness: Work with Human Resources and the General Counsel to maintain the Company’s compliance training program, ensuring that training is effective, efficient, and properly tailored to staff by roles and responsibilities.
• Regulatory Liaison: Act as the primary day-to-day contact for regulators. Work with the General Counsel to respond to regulatory inquiries, audits, and examinations, managing regulatory audits and examinations and representing the company in a professional and courteous manner.
• Collaboration and Teamwork: Work closely with team members to facilitate efficient workflow and deliver high-quality compliance services.

Qualifications and Skills:

• Bachelor’s degree or equivalent from an accredited institution.
• Minimum of 7 years of experience in the regulatory and compliance space, preferably with property & casualty broker experience.
• Experience with the U.K. Financial Conduct Authority required; experience with the Bermuda Monetary Authority and Departments of Insurance in the United States a plus.
• Excellent organizational and time management skills, with the ability to prioritize tasks and meet deadlines in a fast-paced start-up environment.
• Strong written and verbal communication skills, with the ability to interact professionally with senior management and directors and internal clients.
• Consistent attention to detail and accuracy in document preparation and review.
• "Can-do”, positive attitude, ability to problem solve and prioritize efficiently.

Why work for us:

• We adopt a work from anywhere approach. Our colleagues and clients are globally distributed which means flexibility is key to delivering great client outcomes, and that’s what matters to us.
• We will provide you with the opportunity to be inventive and innovative; we love challenging industry norms.
• You will work in a multi-disciplinary environment, collaborating closely with talented individuals within a flat structure.
• You will be trusted and encouraged to take ownership and accountability.
• We believe in rewarding success, and we want everyone to share in the value we create – therefore, all our employees are offered equity.
• We look after our people and their loved ones. Our employee benefits are designed with that in mind.

Augment Risk is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Legal and General Business

Industries

Financial Services and Insurance