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Head of Compliance Assurance
Date:
Jan 9, 2025 Location:
London, GB, EC3M 3BD Company:
Aspen Insurance Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions. We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism. Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded. Role Purpose Provides compliance assurance services to Group Compliance and the Aspen Group covering key Compliance risk areas. Develop and deliver the annual Compliance Assurance Plan as part of the Annual Compliance Plan. Our Aspen Values are expected to be reflected in the delivery and performance of every role. Key Results Areas Develop a compliance risk-based assurance plan covering key compliance risks at the Group and entity levels managing resources to deliver Plan elements. Contributes to the Compliance Plan and other Compliance initiatives. Manages the framework which Compliance Risk/Thematic reviews and ongoing Compliance Monitoring activities. Brings an innovative approach to the collection and presentation of Compliance MI. Maintains and compiles Compliance’s MI for various reporting within the organization. Act as the primary point of contact within Compliance for other assurance functions (Risk, Audit, ICoFR) regarding Compliance risks and controls. Policy, Process and Procedures Charged with delivering with the ability to balance between the strategic and day-to-day tactical needs. Contribute to the development and delivery of the Annual Compliance Plan in coordination with the broader Group Assurance Planning. Maintain policies and standards for testing and monitoring of compliance controls throughout the organization. Technical Performance Review all thematic review workpapers for completeness and scoping considerations. Manage the ongoing Compliance Monitoring Program covering key compliance risks. Prepare the monthly Compliance MI Pack for Compliance and other various reports, as needed. Monitor compliance related issues and events to ensure appropriate actions are taken if needed. Report and escalate any regulatory breaches to the Group Head of Compliance. Knowledge Advanced competency with applying Compliance monitoring and testing related to key regulatory risks such as: economic sanctions, anti-money laundering, fraud, licensing, privacy, conflicts of interest, code of conduct, anti-corruption, anti-trust, and records management. Experience establishing assurance frameworks to assess the effectiveness of compliance controls. Industry acumen, including a thorough understanding of the re (insurance) business operations, finance, risk, as well as working understanding of the actuarial aspects. Establishing and managing and reporting on large data sets of Compliance related MI. Able to work across jurisdictions particularly the UK, US and Bermuda. Skills Excellent organizational, written, verbal and presentation skills including the ability to interpret and communicate compliance guidance. Ability to influence the behaviour of others (informal leadership) to bring about desired change or results. Ability to operate with confidence in ambiguous situations and to help others navigate complexity. Self-starter with the ability to meet or exceed deadlines, prioritize, multi-task, and maintain flexibility in a fast-paced, changing environment with expanding responsibilities. Experience Specific professional qualifications at the level of degree or equivalent. 7+ years’ experience in a Compliance, Risk, Audit, or Regulatory position, preferably with an insurance or financial services company. Significant experience and understanding of the insurance industry, including specific knowledge of economic sanctions, anti-money laundering, fraud, licensing, privacy, conflicts of interest, code of conduct, anti-corruption, anti-trust, and records management. Experienced at communicating with regulators, senior managers and directors, and external stakeholders. Experience operating in a matrix organization. Working as part of a senior team within a complex organisation. At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.
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Date:
Jan 9, 2025 Location:
London, GB, EC3M 3BD Company:
Aspen Insurance Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions. We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism. Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded. Role Purpose Provides compliance assurance services to Group Compliance and the Aspen Group covering key Compliance risk areas. Develop and deliver the annual Compliance Assurance Plan as part of the Annual Compliance Plan. Our Aspen Values are expected to be reflected in the delivery and performance of every role. Key Results Areas Develop a compliance risk-based assurance plan covering key compliance risks at the Group and entity levels managing resources to deliver Plan elements. Contributes to the Compliance Plan and other Compliance initiatives. Manages the framework which Compliance Risk/Thematic reviews and ongoing Compliance Monitoring activities. Brings an innovative approach to the collection and presentation of Compliance MI. Maintains and compiles Compliance’s MI for various reporting within the organization. Act as the primary point of contact within Compliance for other assurance functions (Risk, Audit, ICoFR) regarding Compliance risks and controls. Policy, Process and Procedures Charged with delivering with the ability to balance between the strategic and day-to-day tactical needs. Contribute to the development and delivery of the Annual Compliance Plan in coordination with the broader Group Assurance Planning. Maintain policies and standards for testing and monitoring of compliance controls throughout the organization. Technical Performance Review all thematic review workpapers for completeness and scoping considerations. Manage the ongoing Compliance Monitoring Program covering key compliance risks. Prepare the monthly Compliance MI Pack for Compliance and other various reports, as needed. Monitor compliance related issues and events to ensure appropriate actions are taken if needed. Report and escalate any regulatory breaches to the Group Head of Compliance. Knowledge Advanced competency with applying Compliance monitoring and testing related to key regulatory risks such as: economic sanctions, anti-money laundering, fraud, licensing, privacy, conflicts of interest, code of conduct, anti-corruption, anti-trust, and records management. Experience establishing assurance frameworks to assess the effectiveness of compliance controls. Industry acumen, including a thorough understanding of the re (insurance) business operations, finance, risk, as well as working understanding of the actuarial aspects. Establishing and managing and reporting on large data sets of Compliance related MI. Able to work across jurisdictions particularly the UK, US and Bermuda. Skills Excellent organizational, written, verbal and presentation skills including the ability to interpret and communicate compliance guidance. Ability to influence the behaviour of others (informal leadership) to bring about desired change or results. Ability to operate with confidence in ambiguous situations and to help others navigate complexity. Self-starter with the ability to meet or exceed deadlines, prioritize, multi-task, and maintain flexibility in a fast-paced, changing environment with expanding responsibilities. Experience Specific professional qualifications at the level of degree or equivalent. 7+ years’ experience in a Compliance, Risk, Audit, or Regulatory position, preferably with an insurance or financial services company. Significant experience and understanding of the insurance industry, including specific knowledge of economic sanctions, anti-money laundering, fraud, licensing, privacy, conflicts of interest, code of conduct, anti-corruption, anti-trust, and records management. Experienced at communicating with regulators, senior managers and directors, and external stakeholders. Experience operating in a matrix organization. Working as part of a senior team within a complex organisation. At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.
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