This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.
Job Description: Senior Compliance Manager, Advisory
How does this role contribute to our collective success?
This role supports the AXIS Compliance function across the UK, Europe and Bermuda to maintain, enhance and execute a robust compliance framework to provide evidence-based assurance of compliance with applicable regulatory compliance. The AXIS Compliance function operates within a cross-jurisdictional framework with strong collaboration across the wider Compliance team and other business areas. The role holder would be expected to be the internal subject matter expert for UK regulatory compliance but also engage with the wider Compliance team on matters of European and Bermudan regulatory compliance.
Reporting to the Chief Compliance Officer, UK, Europe & Bermuda, the role holder will be a member of the Compliance Senior Leadership Team and will be responsible for ensuring that AXIS operates with integrity and adheres to the applicable laws, regulations and internal policies. Subject to regulatory approval, the role-holder will assume the regulatory role of SMF-16 Head of Compliance of the Lloyd’s Managing Agency, AXIS Managing Agency Limited (AMA).
What will you do in this role?
Compliance Advisory
- Act as the lead advisor to the AMA Board and Executive Management and provide expert guidance to the business on compliance and regulatory matters, including Conduct Risk and Financial Crime.
- Oversee and maintain a robust framework for implementing applicable legal and regulatory developments to support the business to comply with regulatory requirements initially and on an ongoing basis.
- Provide and present quality, timely, and concise reporting to the AMA Board and Executive Management and provide reports to any other applicable governance forum in line with the Board reporting cycle.
- Design and deliver regulatory training to employees, with the support of Compliance Operations, in a manner that is appropriate to their role and seniority.
Compliance and Regulatory Assurance
- Develop and maintain a robust risk-based compliance framework and ensure that the framework enables Executive Management to effectively understand, manage, monitor and mitigate AMA’s various compliance and regulatory risks.
- Develop and oversee the effective delivery of an Annual Compliance Plan for AMA, including compliance monitoring activities.
- Proactively liaise with the second and third line to promote an integrated assurance model, specifically on regulatory developments.
- Oversee the annual corporate policy refresh and lead on the embedding of all Compliance-owned Policies and Procedures across the business.
Regulatory Engagement
- Manage the regulatory relationships with the Prudential Regulatory Authority (PRA), the Financial Conduct Authority (FCA), Lloyd’s of London, Lloyd’s Europe and any other applicable regulatory bodies, to maintain an ongoing positive and collaborative relationships with our regulators.
- Lead and co-ordinate on all regulatory reviews, including thematic reviews, and provide robust responses to all ad-hoc regulatory requests.
- Oversee controls related to timely and accurate submission of regulatory returns to the PRA, FCA and Lloyd’s of London and Lloyd’s Europe.
- Oversee the annual Principles for Doing Business at Lloyd’s attestation process and support and provide guidance to the business where needed.
- Oversee SMCR compliance and support the business with Senior Manager Function regulatory applications.
You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
About You:
We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have:
- Educated to at least degree level in a relevant field such as Law, Business, Insurance, Risk Management and/or relevant insurance or compliance qualifications.
- Experience of managing, or holding a senior position in, a high-performance compliance function in a non-life (re)insurer, preferably with experience working in a compliance function of a specialty insurer in the UK/Irish insurance market.
- In-depth regulatory knowledge across a wide range of core compliance topics such as Financial Crime and Sanctions, SMCR, Conduct Risk, and Operational Resilience.
- Ability to apply knowledge regarding supervisory frameworks and activities across a range of regulators including the PRA, FCA, Lloyd’s of London, Lloyd’s Europe and the Central Bank of Ireland (CBI).
- Strong analytical skills that enable you to extract, understand and communicate core regulatory requirements.
- Excellent communication skills, both written and oral, with expert report writing skills that enables you to communicate technical concepts in a practical manner to stakeholders across the business.
- Ability to impact and influence at all levels of the organisation, including senior stakeholders.
- Ability to proactively manage direct deliverables independently and to a high standard.
- A natural team player who is comfortable collaborating in a fast-paced environment.
- Strong attention to detail and accuracy with a proactive mind-set and a desire to learn and grow.
- Ability to coach and mentor junior team members to support with the development of the skills set of the wider Compliance team.
What we prefer you to have:
- Previously held an SMF-16 Compliance Oversight role.
- Experience managing other supervisory bodies such as the CBI, Bermuda Monetary Authority or others.
- Experience working within a global (re)insurance group with a presence in Europe.
- Possess an awareness of European and Bermudan regulatory developments and requirements.
Role Factors:
In this role, you will typically be required to attend the London office 2-3 days per week. You may be required to infrequently travel internationally.
What we offer:
You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.
