Head of Risk & Compliance

ACCPRO; Blanchardstown; Hybrid; EUR 120,000 - 180,000; Full time

Benefits offered by this job

Hybrid work arrangement

Board-level exposure

Job summary

ACCPRO, a Dublin-based insurer, is recruiting for a joint Head of Compliance, Money Laundering & CTF and Head of Risk for a new Irish entity in Blanchardstown. PCF 12/52/14 requires Central Bank of Ireland approval. The role reports to the Managing Director and collaborates with the board.

The successful candidate will develop the compliance framework, oversee Solvency II, lead risk governance and foster a strong risk culture across the business. Hybrid role (3 days in office, 2 days remote).

Qualifications

• Minimum 5 years' experience in an insurer, life insurance industry preferred.
• Strong knowledge of Solvency II and regulatory frameworks.
• Excellent problem solving, analytical and numerical skills.
• Ability to present to the board.

Responsibilities

• Develop and maintain the compliance framework/universe and related policies.
• Monitor regulatory changes and ensure implementation of requirements.
• Lead the Risk Management Function and oversee risk framework.
• Embed a strong risk culture across all business activities.
• Review and update risk procedures with the Board.

Skills

LCI qualified

Insurance risk

Solvency II

Board presentation

Risk management

Job description

My client is a newly set up Irish entity, in Blanchardstown, Dublin 15. They are in the process of applying to the CBI and will operate a unit linked life insurance undertaking serving the UK market.

They are seeking an experienced candidate for the joint role of Head of Compliance, Money Laundering & CTF and Head of Risk for the newly created entity. This appointment will be a Pre Approved Controlled Function role (PCF 12/52/14) and will require the approval of the Central Bank of Ireland. The role will report directly to the Dublin based Managing Director and will work closely with the board of directors.

Responsibilities

Compliance Framework & Governance

• Develop and maintain the compliance framework/universe, including the Compliance Charter, Compliance Plan, Compliance Risk Assessment and Compliance Monitoring Programme.
• Develop the annual Compliance Plan to ensure appropriate oversight of compliance activities and implementation of the compliance framework.
• Manage and maintain the Compliance Manual, including supporting ad hoc amendments to policies and the annual review of policies.
• Develop and maintain positive working relationships with other assurance functions (Risk, Corporate Affairs, Regulatory Affairs, Legal and Internal Audit).

Regulatory Compliance Oversight

• Monitor changes in the external regulatory and compliance environment and assess the potential impact on the Company.
• Conduct upstream review and interpretation of legislation, regulations, regulatory consultation papers and regulatory guidance.
• Develop and oversee implementation plans to ensure compliance with new and amended regulatory requirements.
• Undertake assessments of compliance with Solvency II, the Fitness & Probity Regime, SEAR/IAF and Corporate Governance Requirements and report findings to the Board.

Risk Governance & Leadership

• Lead and manage the Risk Management Function and maintain oversight of the Company's risk management system.
• Assist the Board in the development, documentation, and ongoing review of:
  • Risk Limits and Tolerances
• Promote a strong risk culture throughout the organisation and embed effective risk management practices across all business activities.
• Develop, implement, maintain, and continuously enhance the Company's risk management framework, policies, processes, and methodologies.
• Ensure the adequacy and effectiveness of risk management policies and procedures relating to the Company's activities, processes, systems, and strategic objectives.
• Maintain and update risk management procedures, ensuring all material changes are reviewed and approved by the Board.
• Review the risk framework at least annually and following significant business or regulatory change.

Required Qualifications & Experience

• Compliance & Risk professional (LCI qualified) with a minimum of 5 years' experience within an Insurer. Life insurance industry preferred.
• Extensive knowledge and understanding of operational and financial risk within an Insurer, including experience of Solvency II.
• Strong problem solving, analytical and numerical skills.
• Ability to present to the board.

This is a hybrid role, 3 days in the office, 2 days from home.