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Senior Legal & Compliance Officer (Insurance)

Senior Legal & Compliance Officer (Insurance)

A leading international Insurance company is looking for a senior Legal and Compliance Officer to join its team in Malta.

Reporting directly to the Managing Director the jobholder will be responsible for:

  • Proactively monitor and report on upcoming regulatory and legislative changes in Malta and the EU, identifying resulting threats and supporting operational functions in the implementation of required changes
  • Lead the Insurance Distribution Directive (IDD) Project and ensure the monitoring of this Directive, for the Companies, and its distributors
  • Ongoing liaison with intra-group legal functions and external legal advisors to ensure compliance with key regulation impacting passporting jurisdictions
  • Maintain regulatory watch files to track regulatory and legal developments across operating jurisdictions
  • Conduct monthly compliance monitoring program in relation to the Companies’ operating jurisdictions
  • Identify and monitor ongoing compliance issues and progress made by the operational functions to implement required changes
  • Formulate action plans and monitor progress in relation to the implementation of measures taken to fulfill obligations under the IDD, General Data Protection Regulations and other core regulatory frameworks
  • Coordinate licence applications and legal matters for the Companies
  • Preparation of compliance reports to report on regulatory updates and compliance issues
  • Support the complaints management function in complaints resolution, potential litigation and reporting
  • Review and draft contractual documentation and manage the contracts system
  • Assist in the review and drafting of governance policies and procedures
  • Coordinate internal and Group company secretarial matters and exchange required information via the Group Legal portal