Job Profile Summary
Chaucer Group is an international group of insurance & reinsurance entities with locations in London, Dublin, Copenhagen, Bermuda, Dubai, Singapore, Miami and Sydney.
This role forms part of the Group Compliance function’s leadership team, and will be responsible for the regulatory sub‑team. It will be a core part of delivering and developing the Chaucer group compliance framework across the various jurisdictions in which it operates.
Job Description
* Lead and develop the Regulatory function within the Compliance team.
* Maintain and develop relationships with domestic and international regulators as necessary.
* Lead and deliver the Compliance function’s annual risk assessments including the Compliance risk assessment & financial crime risk assessment.
* Contribute to both internal and external compliance reporting as required.
* Responsibility for delivery of continued SMCR Compliance, including ownership of the Group’s regulatory applications and notifications processes.
* Responsibility for Chaucer’s horizon scanning process, working closely with the Advisory function to ensure relevant change is captured and implemented as necessary.
* Manage and develop team members supporting their career paths.
* Develop and maintain strong relationships with relevant Chaucer departments.
* Responsibility for compliance related policies, procedures and standards across the business.
* Deliver communications in relation to regulatory & policy updates, and conduct training in relation to new regulatory change and updated compliance policies as required.
* Coordinate periodic reviews and updates in line with regulatory change initiatives.
* Lead on and conduct impact assessments where required and translate requirements into business change objectives.
* Maintain the Compliance universe documentation and mapping.
* Responsibility for Chaucer’s Principles Based Oversight Attestation and other international regulatory assessments, returns and projects as required.
Skills and Competencies
* Competent within the specific job role, aware of all technical requirements and able to apply these in a pragmatic manner in performance of all duties. Aware of internal policies and procedures and working practices consistent with the job role.
* Flexible and quick to learn – able to undertake tasks and projects outside immediate role as required.
* Able to understand the key business issues that affect the profitability and growth of the business and takes appropriate action to maximise success.
* Capacity to perceive the impact and implications of decisions and activities on other parts of the organisation.
* Ability to think strategically within area of responsibility, whilst taking into account the ‘bigger picture’ and consequences to the wider business context.
* Ability to develop high standards of team spirit through effective management techniques.
* Leads by example and communicates with all team members on areas of role responsibilities. Empowers more junior compliance staff to perform at the highest level through direction, delegation and effective management.
* Ability to ensure work produced by more junior compliance staff is to the prescribed quality standards.
* Readiness to make decisions, state opinions, take action or commit oneself, based on factual information and sound judgment.
* Shows genuine interest in others and seeks to build good working relationships based on co-operation, support and trust. Can be relied upon to ‘deliver’ and be consistent with decisions. Ability to maintain social, organisational and ethical norms in job related activity.
* Ability to create and maintain a level of appropriately directed activity. Shows drive, stamina and the capacity to work hard.
* Ability to express ideas or facts in a clear and persuasive manner. Convince others to own expressed point of view. The ability to describe one’s intentions, thoughts, feelings and experiences verbally, in a manner appropriate to the needs of the listener.
* London insurance market compliance experience.
* Experience of UK insurance regulatory regime.
* Lloyd’s Managing Agency experience
* Management / supervisory experience
* Familiarity with risk management issues
Education
* 2.1 Degree or better
ABOUT US
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
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