Title:
Compliance Conduct Risk Contractor
Company:
Everest Advisors (UK), Ltd.
Job Category:
Contingent Workers
Job Description:
About Everest: Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.
About the Role: The second line Compliance function of Everest Insurance is looking for an experienced Conduct Risk specialist to join our UK and European business on a contractor basis. Excellent opportunity to join a growing Compliance Function as a compliance specialist providing expertise on UK and EU regulatory requirements relating to Conduct Risk. The successful candidate will have experience of managing UK and EU conduct related regulatory requirements, such as regulatory reporting, providing advice and guidance to the business in relation to regulatory expectations and providing challenge as part of product lifecycle reviews. The role holder will have an opportunity to lead the development of the Conduct Risk framework, policy and supporting structures.
Role & Responsibilities (include but not limited to):
Providing challenge and feedback to the 1st line taking account of regulatory expectations, for example in the development of new and existing products, third party delegated arrangements, Conduct MI analysis etc., identifying opportunities to streamline and/or enhance existing processes.
Overseeing and providing challenge on regulatory submissions such as the Eligible Complainant Return, Retail Mediation Activities Return (RMAR) and General Insurance Value Measures Return, etc.
Attend the Product Oversight Group providing meaningful challenge to conduct exposed products including fair value considerations.
Ability to proficiently manage and report on complaints in line with regulatory obligations.
Develop and deliver the compliance plan as it relates to second line oversight of conduct risk.
Undertake monitoring assurance reviews of first line procedures in accordance with the compliance monitoring plan, escalating any area of concern or non-compliance as appropriate ensuring that remedial action is taken.
Collaborate with a variety of business areas and stakeholders with a view to embedding a robust risk and compliance culture including developing and maintaining a holistic compliance training programme.
Providing a proactive, professional compliance advisory service to the business as required, identifying and responding to regulatory and legislative change via a proactive regulatory horizon scanning process.
Assisting with the interpretation and implementation of new or amended regulation, legislation or codes of conduct with impacted business teams.
Represent Everest in relevant industry or similar associations or groups as appropriate.
Qualifications:
Appropriate professional qualification desirable, e.g. ACOI, ACII or similar.
Knowledge, Skills & Competencies:
Strong understanding of the regulatory framework required for UK and EU Insurance Business.
A comprehensive understanding of the regulatory requirements applying to Insurers writing conduct exposed business.
Proven compliance experience within insurance, with experience of leading the implementation of conduct regulation such as the Insurance Distribution Directive or FCA Consumer Duty.
Ability to organise and prioritise workloads appropriately, with strong attention to detail, and show determination and flexibility to deliver to challenging deadlines.
Ability to communicate effectively with colleagues at all levels, up to and including Senior Executives, and build effective working relationships across the business.
Cross-functional teamwork and collaboration skills are integral to the position.
Our Culture: At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors.
Our Values
are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.
Our Colleague Behaviors
define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.
All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.
Type:
Agency Consultant Time Type:
Full time Primary Location:
London Additional Locations:
Madrid, Spain
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Compliance Conduct Risk Contractor
Company:
Everest Advisors (UK), Ltd.
Job Category:
Contingent Workers
Job Description:
About Everest: Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.
About the Role: The second line Compliance function of Everest Insurance is looking for an experienced Conduct Risk specialist to join our UK and European business on a contractor basis. Excellent opportunity to join a growing Compliance Function as a compliance specialist providing expertise on UK and EU regulatory requirements relating to Conduct Risk. The successful candidate will have experience of managing UK and EU conduct related regulatory requirements, such as regulatory reporting, providing advice and guidance to the business in relation to regulatory expectations and providing challenge as part of product lifecycle reviews. The role holder will have an opportunity to lead the development of the Conduct Risk framework, policy and supporting structures.
Role & Responsibilities (include but not limited to):
Providing challenge and feedback to the 1st line taking account of regulatory expectations, for example in the development of new and existing products, third party delegated arrangements, Conduct MI analysis etc., identifying opportunities to streamline and/or enhance existing processes.
Overseeing and providing challenge on regulatory submissions such as the Eligible Complainant Return, Retail Mediation Activities Return (RMAR) and General Insurance Value Measures Return, etc.
Attend the Product Oversight Group providing meaningful challenge to conduct exposed products including fair value considerations.
Ability to proficiently manage and report on complaints in line with regulatory obligations.
Develop and deliver the compliance plan as it relates to second line oversight of conduct risk.
Undertake monitoring assurance reviews of first line procedures in accordance with the compliance monitoring plan, escalating any area of concern or non-compliance as appropriate ensuring that remedial action is taken.
Collaborate with a variety of business areas and stakeholders with a view to embedding a robust risk and compliance culture including developing and maintaining a holistic compliance training programme.
Providing a proactive, professional compliance advisory service to the business as required, identifying and responding to regulatory and legislative change via a proactive regulatory horizon scanning process.
Assisting with the interpretation and implementation of new or amended regulation, legislation or codes of conduct with impacted business teams.
Represent Everest in relevant industry or similar associations or groups as appropriate.
Qualifications:
Appropriate professional qualification desirable, e.g. ACOI, ACII or similar.
Knowledge, Skills & Competencies:
Strong understanding of the regulatory framework required for UK and EU Insurance Business.
A comprehensive understanding of the regulatory requirements applying to Insurers writing conduct exposed business.
Proven compliance experience within insurance, with experience of leading the implementation of conduct regulation such as the Insurance Distribution Directive or FCA Consumer Duty.
Ability to organise and prioritise workloads appropriately, with strong attention to detail, and show determination and flexibility to deliver to challenging deadlines.
Ability to communicate effectively with colleagues at all levels, up to and including Senior Executives, and build effective working relationships across the business.
Cross-functional teamwork and collaboration skills are integral to the position.
Our Culture: At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors.
Our Values
are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.
Our Colleague Behaviors
define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.
All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.
Type:
Agency Consultant Time Type:
Full time Primary Location:
London Additional Locations:
Madrid, Spain
GDPR Privacy Notice | Everest (everestglobal.com)
#J-18808-Ljbffr
