Senior Risk & Compliance Officer

Willis Re; City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading reinsurance firm in London is seeking a Senior Risk and Compliance Manager to oversee compliance and risk activities. The ideal candidate will have extensive regulatory knowledge, particularly regarding FCA rules. Responsibilities include managing compliance frameworks and leading regulatory initiatives. This role demands strong leadership and communication skills, with a focus on ethical conduct and stakeholder engagement.

Qualifications

• Extensive experience in a senior risk and compliance role, preferably in reinsurance.
• Deep technical knowledge of insurance regulations, particularly for the reinsurance sector.
• Comfortable engaging with the regulatory authorities and managing submissions.

Responsibilities

• Manage and oversee second-line compliance and risk activities.
• Provide independent oversight and challenge to compliance frameworks.
• Lead regulatory change initiatives and oversee approvals for financial promotions.

Skills

Senior risk management experience

Understanding of FCA Handbook

Leadership skills

Excellent communication abilities

Regulatory compliance knowledge

Job description

The Role

We are seeking an experienced Senior Risk and Compliance Manager to take ownership of all second-line compliance and risk activities across our reinsurance operations. This senior role will provide expert regulatory advice, particularly regarding FCA rules (ICOBS, SM&CR, Consumer Duty) and ensure robust conduct and governance across our UK and international reinsurance activities.

Acting as a senior point of contact for leadership and the Board, you will offer independent challenge, oversee compliance frameworks, and lead on regulatory change initiatives. You will also play a key role in shaping a strong culture of integrity, ethical conduct, and high regulatory standards across the business.

This role requires someone with deep technical knowledge of insurance regulation, particularly as it applies to the reinsurance sector, who can work collaboratively across the business while providing clear, pragmatic advice and driving continuous improvement.

Responsibilities

• Significant experience in a senior risk and compliance role, ideally within reinsurance or insurance.
• In-depth understanding of the FCA Handbook, including ICOBS, Consumer Duty, Conduct Risk, SM&CR, Operational Resilience, and Financial Promotions.
• Proven track of record of:
  • Providing second-line oversight and regulatory advice on insurance matters
  • Leading on horizon scanning and regulatory change implementation (UK and international)
  • Approving financial promotions and product governance reviews
  • Designing and embedding effective policies, controls, and compliance monitoring frameworks
  • Overseeing introducer and appointed representative (AR/IAR) frameworks
• Experience chairing risk and conduct committees and preparing board-level materials.
• Skilled in interpreting breaches, errors and omissions (E&Os), conflicts of interest, and control failures to inform risk mitigation.
• Comfortable engaging with the FCA and handling regulatory submissions and permissions.
• Experience partnering with first-line teams and leading compliance training programmes.

About You

We are seeking a confident, collaborative compliance leader who understands the complexity and pace of the reinsurance market. You will be someone who can balance regulatory rigour with commercial pragmatism and communicate effectively with a wide range of stakeholders, from operational teams to executive leaders.

You will bring:

• A proactive and strategic mindset
• The ability to challenge constructively and influence decision-making
• High personal integrity and a strong commitment to ethical conduct
• A collaborative working style with excellent communication skills
• An interest in continuous improvement, regulatory innovation, and good customer outcomes, even in a wholesale setting
• Confidence in guiding the business through regulatory change, operational implementation, and stakeholder education

About Willis Re

We combine specialist broking with analytics, modeling and research to help insurers optimize risk transfer, strengthen balance sheets and achieve sustainable growth. Our approach is relationship-driven, transparent and outcome-focused.

At the heart of Willis Re is a focus on delivering the most cutting-edge analytical solutions to enable more informed, better decision‑making for risk selection, portfolio optimization, and capital management.

The launch of Willis Re brings a strategic advantage of being unhindered by legacy, an ability to leverage data, statistical models and advanced technologies with the best knowledge and expertise to deliver more efficient and effective reinsurance outcomes. This places Willis Re in a unique position to build a truly analytically driven business, focused on creating solutions for the reinsurance industry that are future‑led and forward‑thinking.

Willis Re will also leverage recognized technical expertise from WTW's Insurance Consulting & Technology business including their advanced modeling and analytical capabilities. Alongside this will be WTW's Research Network, an award‑winning business supporting and influencing science to improve the understanding and quantification of risk.