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Compliance Manager (Monitoring)

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In good company.

We're a global specialty insurance and reinsurance company enhanced by data and technology, focused on producing sustainable underwriting profitability and delivering significant shareholder value.

Headquartered in Bermuda, we operate on a global basis, with over 500 employees and key underwriting operations in London, Bermuda, the US and Dublin.

We work collaboratively, we share a passion for the service and results we deliver, and we know that what we do each day is meaningful - to our customers and our business.

We're looking for a

Compliance Manager (Monitoring)

Based in London reporting to the Head of Compliance, Global Specialty, this role will sit within our international Compliance team, supporting the culture of compliance and good governance across a range of Hamilton group companies

The role holder will be well-organised and proactive, using their knowledge, experience and skills to provide timely, top-quality compliance monitoring services to a range of business stakeholders and to the firm's governing bodies. In doing so, the capability to 'see the big picture beyond the task at hand', as well as a strong detail orientation, will be crucial to success.

What you will do

  • Develop and continuously improve the methods for monitoring compliance (for all in-scope subject areas)
  • Prepare the annual Compliance Monitoring Plan
  • Conduct compliance monitoring in accordance with the Plan and agreed methodologies
  • Assist business stakeholders with the design of controls where compliance monitoring identifies control weaknesses
  • Prepare Compliance Monitoring status reports, for submission to relevant Board and Committee meetings (detailing the level of compliance and control adequacy)
  • Track and report progress re. agreed remedial actions (vis-à-vis matters identified in compliance monitoring)
  • Conduct thematic and other reviews, as required
  • Work closely with the other Assurance functions to ensure a joined-up approach to 3LD oversight and reporting
  • Assist with the preparatory work in the event of regulatory inspections and information requests
  • Assist with the drafting of annual Compliance Plan and departmental procedures
  • Assist the Head of Compliance with the implementation of the Compliance Plan and the management of the Compliance function

What you require for the role

  • A strong, working knowledge of relevant regulatory requirements (preferably Lloyd's, FCA, PRA, CBI and BMA)
  • At least five years relevant experience in a Managing Agent or general insurer
  • A thorough understanding of Compliance Monitoring (purpose and practice)
  • Well-developed report writing skills
  • Excellent interpersonal and communication skills, with the ability to build effective working relationships at all levels
  • Ability to think critically, identify and analyse problems, and develop effective solutions
  • Proven track record of delivering assignments on time and to the required standard
  • Experience of managing a small team
  • Adaptability and a willingness to learn and improve processes
  • Self-motivated, proactive, collaborative and helpful to colleagues; following up tasks appropriately and keeping the team up to date on activities and progress

Conduct Standards

  • You must act with integrity
  • You must act with due skill, care and diligence
  • You must be open and cooperative with the CBI, FCA, the PRA and other regulators
  • You must pay due regard to the interests of customers and treat them fairly
  • You must observe proper standards of market conduct
  • You must act to deliver good outcomes for retail customers

What you can expect from us

We offer a vibrant, entrepreneurial, and collaborative culture guided by our values: Be Smart, Be Sensible, Be Open and Be More.

We know if we welcome and respect differences, we'll attract and retain talent that brings a valuable diversity of perspectives and experience. We want all our colleagues to feel that they can bring their whole selves to work at Hamilton and know that they can be part of building a great company.

Compliance Manager (Monitoring)

Hamilton
London, UK
Full-Time

Published on 14/08/2024

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