Connecting Linkedin...

Banner Default Image

Compliance Officer

Well established international insurance company is seeking to hire a Compliance Officer for its Malta Office.

Job duties include:
  • Identification, assessment, monitoring, and reporting of compliance risks through the execution of the firm's compliance policy
  • Implementation of controls to ensure that the undertaking complies with the applicable laws and regulatory requirements, e.g. licensing requirements, reporting and disclosure requirements
  • Drawing up guidelines and procedures for the staff relating to compliance matters
  • Acting as the local contact person for the Group Data Protection Officer ensuring GDPR requirements are fulfilled
  • Enhancing staff awareness and ensuring continuous training of management and staff on compliance matters;
  • Recording any incident that must be reported and ensure that the undertaking fulfils the obligations as regards notification to third parties
  • Investigating and following up violations of the laws and regulations
  • Advising on new products, services and markets from a compliance point of view
  • Act as Primary contact for  management and employees for compliance matters
  • Implementation and maintenance of risk management framework, policies and processes
  • Leading the management of operational risk and the Internal Control System
  • Promoting risk management principles and communicating and raising awareness of risk management
  • Review of large transactions (especially with respect to operational, legal and reputational risk)

Skills and Qualifications required:

  • University degree or equivalent, ideally with a compliance and/or insurance focus
  • Experience in compliance and risk management tasks, ideally in the (re)insurance industry
  • Fluent business English and ability to communicate verbally and in writing with people at all levels
  • Confidence and diplomacy to challenge peers and manage upwards
  • Highly organized and precise approach to work; and
  • Willingness to cope with a broad range of matters and be prepared to develop expertise beyond the current scope of knowledge