Senior Risk & Compliance Officer

Willis Re; Greater London; Hybrid; GBP 100,000 - 140,000; Full time

Job summary

Willis Re is hiring a Senior Risk & Compliance Officer to embed and oversee risk and compliance frameworks across the UK and international operations. The role focuses on regulatory oversight, governance, and ensuring robust three-lines-of-defence controls within a dynamic reinsurance environment.

You will deputise for the CRCO with regulators, manage regulatory submissions, and drive improvements in sanctions, AML, bribery, product governance and consumer protection.

Qualifications

• Senior risk & compliance experience in (re)insurance, UK market preferred.
• Experience engaging with regulators (UK, EU and overseas) and Boards.
• Experience in obtaining/regulatory authorisations and approvals.
• Ability to balance regulatory requirements with business needs while providing independent challenge.

Responsibilities

• Embed and continuously improve Willis Re's Risk & Compliance framework.
• Deliver annual Risk & Compliance monitoring plan and incident/breach reporting.
• Deputise for CRCO with FCA, PRA and other regulators as needed.
• Support governance with Board/Committee reporting and SM&CR obligations.

Skills

Regulatory engagement

SM&CR knowledge

Regulatory reporting

Risk assessment

Governance

Regulatory change

Independent judgement

Stakeholder management

Education

Professional compliance, legal or risk qualifications

Job description

# Senior Risk & Compliance OfficerApply nowGlobal Office of General CounselFull timeUnited Kingdom – LondonJR245Posted 7 days agoLocation: LondonReports to: Interim Chief Risk and Compliance Officer (CRCO)**Role Overview** We are looking to hire an experienced Senior Risk and Compliance Officer to help embed and oversee Willis Re's Risk and Compliance frameworks both in the UK and internationally. This role is very much hands on, working with a small team to develop the compliance framework to mitigate regulatory risk, financial crime and embed the broader enterprise risk management framework across all areas of the business.You will work closely with our internal broking divisions, operations and various functional key-stakeholders to support the achievement of business targets and objectives, and to comply with and fulfil regulatory obligations and expectations. **Role Responsibilities:** **Regulatory Oversight & Assurance*** Embed and continuously look to improve a robust Risk & Compliance Framework* Support the delivery of a robust three lines of defence control environment* Deliver an annual plan of Risk and Compliance monitoring, testing.* Oversee incident management and regulatory breach reporting* Help deliver change programmes aligned to the reinsurance industry and assess business impacts**Regulatory Engagement*** Deputise for the CRCO with the FCA and other regulatory bodies for conduct, risk and compliance matters* Assist in responding to regulatory enquiries, thematic reviews, skilled persons' reviews and supervisory visits* Ensure timely and high-quality regulatory submissions and attestations**Governance & Board Advisory*** Deputise for the CRCO when required at all relevant Boards and Committees* Help prepare all regular reporting, including risk indicators and emerging regulatory themes* Support Willis Re in meeting its collective and individual SM&CR obligations in the UK**Financial Crime, Conduct & Customer Protection*** Champion high standards of conduct and ethical behaviour across the company* Be a key stakeholder in the development, embedding and testing of frameworks for Sanctions, Anti-Money Laundering and Anti-Bribery and Corruption* Ensure Willis Re remains compliant with product governance and complaints requirements as well as other relevant consumer protections so far as Will Re is impacted**Risk Management*** Assist the CRCO in the continuous development, implementation and maintenance of the company's Enterprise Risk Management framework* Assist in the process of risk identification, assessment and monitoring across the business, including horizon scanning for emerging risks* Oversee scenario analysis and stress testing (where appropriate)**Policies, Controls & Risk Management*** Ensure Willis Re maintains all risk and compliance policies, procedures and standards as required to meet its regulatory, legal and commercial requirements* Oversee remediation programmes and root cause analysis of compliance failings**Required Skills, Knowledge & Experience*** Previous senior risk and compliance experience within the UK (re)insurance sector, ideally at a reinsurance broker* Strong working knowledge of FCA and PRA regimes, including SM&CR* Demonstrated experience engaging credibly with regulators (UK, EU and overseas) and Boards* Experience in obtaining and expanding regulatory authorisations* Proven ability to exercise independent judgement and effective challenge* Exposure to multi-entity or complex regulated group structures* Professional compliance, legal or risk qualifications* High ethical standards and the ability to make decisions that balance regulatory compliance with business objectives* Calm and resilient under pressure* Commercially pragmatic whilst maintaining regulatory standards