Senior Risk & Compliance Officer

LocationLondonReports to: Interim Chief Risk and Compliance Officer (CRCO)Role OverviewWe 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 ResponsibilitiesRegulatory Oversight & AssuranceEmbed and continuously look to improve a robust Risk & Compliance FrameworkSupport the delivery of a robust three lines of defence control environmentDeliver an annual plan of Risk and Compliance monitoring, testing.Oversee incident management and regulatory breach reportingHelp deliver change programmes aligned to the reinsurance industry and assess business impactsRegulatory EngagementDeputise for the CRCO with the FCA and other regulatory bodies for conduct, risk and compliance mattersAssist in responding to regulatory enquiries, thematic reviews, skilled persons' reviews and supervisory visitsEnsure timely and high-quality regulatory submissions and attestationsGovernance & Board AdvisoryDeputise for the CRCO when required at all relevant Boards and CommitteesHelp prepare all regular reporting, including risk indicators and emerging regulatory themesSupport 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 companyBe a key stakeholder in the development, embedding and testing of frameworks for Sanctions, Anti-Money Laundering and Anti-Bribery and CorruptionEnsure 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 ManagementAssist the CRCO in the continuous development, implementation and maintenance of the company's Enterprise Risk Management frameworkAssist in the process of risk identification, assessment and monitoring across the business, including horizon scanning for emerging risksOversee scenario analysis and stress testing (where appropriate)Policies, Controls & Risk ManagementEnsure Willis Re maintains all risk and compliance policies, procedures and standards as required to meet its regulatory, legal and commercial requirementsOversee remediation programmes and root cause analysis of compliance failingsRequired Skills, Knowledge & ExperiencePrevious senior risk and compliance experience within the UK (re)insurance sector, ideally at a reinsurance brokerStrong working knowledge of FCA and PRA regimes, including SM&CRDemonstrated experience engaging credibly with regulators (UK, EU and overseas) and BoardsExperience in obtaining and expanding regulatory authorisationsProven ability to exercise independent judgement and effective challengeExposure to multi-entity or complex regulated group structuresProfessional compliance, legal or risk qualificationsHigh ethical standards and the ability to make decisions that balance regulatory compliance with business objectivesCalm and resilient under pressureCommercially pragmatic whilst maintaining regulatory standardsAbout Willis ReWe 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.Willis Re is committed to embracing a diverse, inclusive, and flexible work environment. We provide equal opportunity to all qualified individuals regardless of race, colour, religion, age, gender, gender expression, national origin, veteran status, disability, orientation, or any other legally protected categories. If you have a need that requires accommodation, please email us at talentacquisition@willisre.com We’re hiring people from all walks of life who are curious, collaborative and ambitious. If you want to be part of a team that leads with heart, builds with courage and redefines what’s possible in our industry, then this is your moment. We look forward to hearing from you!If you’re curious, collaborative, and ambitious, you’ll find the opportunity at Willis Re to shape something extraordinary. #J-18808-Ljbffr