Compliance Specialist

Primary Details

Time Type: Full time



Worker Type: Employee

The purpose of this role is to provide assurance and support in ensuring compliance with regulatory requirements, working alongside the Compliance Team, overseeing obligations management, controls identification, and deep dive reviews into emerging compliance risks, and liaising across teams to ensure policy implementation. Additionally, the role involves assisting in developing and implementing compliance strategy, ensuring processes meet business, regulatory, and legal requirements, and providing direction to the Compliance Team in different branches of the organisation.

Responsibilities:

• Maintain detailed knowledge of relevant regulatory requirements for reinsurance and insurance intermediation, Lloyds requirements (as relevant) and awareness of relevant regulatory requirements.
• Participate in the execution of operational strategies and plans in support of the business, assisting in the development of policies, guidance and processes to ensure business meets its regulatory requirements and ensure policies are kept up-to-date and relevant.
• Drive and monitor compliance across Statutory and Regulatory obligations and requests to ensure business compliance. Provide compliance management information to senior management including contributions to board and committee reports/packs.
• Build and maintain strong and effective relationships with key internal and external business stakeholders to ensure that service delivery meets the business expectations.
• Ensure that the business complies with management directives, compliance and governance requirements across QBE Internal Rules, Guidelines and Policies Assist in the ongoing maintenance of the risk dashboards and other documentation in support of the SII and/or internal model approval.
• Monitor and assess ongoing compliance with regulatory requirements to ensure licenses are maintained and regulatory requirements are met.
• Manage regulatory applications where required and ensure accuracy, completeness and submission of regulator/s.
• Recognise and assess potential risks to objectives and take action to remove or reduce impact or probability of the risk occurring.
• Participate in ad hoc projects/initiatives to contribute to the continuing development of compliance.
  
  
  
  

Work Experience:

Necessary Work Experience includes:

• Moderate relevant experience.
  
  
  
  

Preferred Work Experience includes:

• Experience navigating through the Local compliance and regulatory environment in a senior compliance role within an insurance company.
• Supporting business development, products development, and relationships with brokers and clients in an international business setting.
• Increased awareness on sensitive topics such as Sanctions and Licensing in large accounts.
• Experience in a senior supervisory or policy role within a regulatory authority.
• Delivering Compliance Management services in a global organisation on an enterprise scale.
• Broad financial services experience with a strong understanding of insurance and corporate processes.
• Experience in a compliance, risk management, or contract administration role.
  
  
  
  

Qualifications:

Necessary Qualifications include:

• Tertiary Degree or equivalent combination of education and work experience.
• Qualifications and certifications as a lawyer
  
  
  
  

Global Disclaimer:

The duties listed in this job description do not limit the assignment of work. They are not to be construed as a complete list of the duties normally to be performed in the position or those occasionally assigned outside an employee’s normal duties. Our Group Code of Ethics and Conduct addresses the responsibilities we all have at QBE to our company, to each other and to our customers, suppliers, communities and governments. It provides clear guidance to help us to make good judgement calls.

US Only Disclaimer:

To successfully perform this job, the individual must be able to perform each essential job responsibility satisfactorily. Reasonable accommodations may be made to enable an individual with disabilities to perform the essential job responsibilities.

US Only - Travel Frequency:

Infrequent (approximately 1-4 trips annually)

US Only - Physical Demands:

General office jobs: Work is generally performed in an office environment in which there is not substantial exposure to adverse environmental conditions. Must have the ability to remain in a stationary position for extended periods of time. Must be able to operate basic office equipment including telephone, headset and computer. Incumbent must be able to lift basic office equipment up to 20 lbs.

Skills:

Analytical Thinking, Client Counseling, Communication, Compliance Programs, Compliance Strategies, Compliance Training, Critical Thinking, Financial Products, Intentional collaboration, Managing performance, Regulatory Compliance, Reporting and Analysis, Risk Management, Sound Judgment, Stakeholder Management

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.