Compliance Manager- Insurance
I am delighted to partner with a growing Insurance brand located here in Cork, seeking to hire an experienced Compliance Manager to join their growing team. The Compliance Manager will work closely with the local Management Team and the European Compliance function. The successful candidate will ensure compliance within the Irish Operation and ensure compliance is embedded in the Company Culture.
Responsibilities:
- Implementation of sufficient policies, procedures, and systems to ensure compliance with all relevant legislation and regulatory requirements (IDD, GDPR, etc.).
- Highlighting and communicating to the Management Team potential compliance risks and identifying areas where improvement is needed. With the Management Team, implementation of remedial actions.
- Monitoring legislative, regulatory and industry updates and developments and assessing the need for changes to policies, procedures and systems within the business and implementation of changes with the Management Team.
- Continuous improvement of systems, processes and procedures.
- Overseeing statutory record-keeping requirements.
- Reviewing and providing compliance sign-off on insurance-related material.
- Reviewing the compliance management infrastructure and conducting trend analysis based on data collected; regarding complaints, disputes, claims and breaches.
- Engaging with the Management Team, Business Managers and Operational Staff to promote and embed a culture of compliance.
- Managing and notifying all errors and omissions claims for insurance purposes.
- Assisting the Management Team with the appropriate monitoring and supervision of partners and service providers.
- Ensuring processes and procedures are appropriate for the maintenance and management of customers’ privacy.
- Monitoring appropriate anti-money laundering and counter terrorist financing legislation and regulations and ensuring compliance with same.
- Working closely with the European Compliance function.
Requirements:
- Have a strong knowledge of the Irish insurance regulatory environment across the relevant legislation, regulations, codes and guidance.
· >4 years’ relevant experience ideally in the insurance industry.
- Hold a relevant Compliance qualification (MSc in Compliance or a Professional Certificate & Diploma in Compliance).
- Member of the Compliance Institution of Ireland
- Results driven, goal & results orientated, targets driven with the ability to prioritise tasks, overcome obstacles, and be accountable.
- Have exceptional organisational and planning skills. The ability to manage multiple projects, deadlines and keep stakeholders informed.
- Can work in a fluid, entrepreneurial environment.
- Have strong communication and influencing skills.
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