Compliance Officer Swiss Re Capital Markets Europe
About Swiss Re
The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient.
It anticipates and manages risk from natural catastrophes to climate change, from ageing populations to cyber crime. The Swiss Re Group is organised into three Business Units, each with a distinct strategy and set of objectives contributing to the Group’s overall mission.
About the role
An exciting new opportunity to act as the Compliance Officer for SRCME (including implementing a compliance program, conducting targeted training and covering assurance and reporting responsibilities) and provide Company Secretarial support for SRCME.
From time to time, the role may also support the compliance activities for Swiss Re's other regulated entities in Luxembourg whilst working with Compliance Officers located elsewhere in the group.
More specifically, the Compliance Officer role will be responsible for :
anticipating, identifying, assessing and reporting the compliance risks of SRCME, as well as to assist the authorized management in limiting these risks
performing compliance risk assessments, Group compliance risk reports and risk reporting to the Board of SRCME
oversight of relevant CSSF (" Commission de Surveillance du Secteur Financier") regulations and MiFID ("Markets in Financial Instruments Directive") requirements
oversight of relevant CAA ("Commissariat aux Assurances") regulations and IDD ("Insurance Distribution Directive") requirements
oversight of relevant FCA ("Financial Conduct Authority") requirements
oversight of SRCME's Anti-Money Laundering and Counter Terrorist Financing framework including the risk-based approach upon which SRCME will perform its customer acceptance and due diligence measures;
the cooperation with competent authorities including suspicious activity reporting; staff awareness, education and trainings;
reporting function under regulatory requirements
operational oversight of third party client money or assets
the Complaints management function;
ensuring that compliance monitoring is undertaken on a regular basis to assess the adequacy and effectiveness of the compliance measures and procedures put in place in the course of SRCME’s business and the actions taken to address any deficiencies in the firm's compliance with its obligation
supporting the compliance needs of the businesses within SRCME including the marketing, originating and structuring teams and trading desks
the development and delivery of Compliance training
drafting and maintaining Compliance documents and procedures
monitoring and analyzing relevant regulatory changes
leading or supporting projects for internal or external initiatives
performing or advising on regulatory reporting and filings
reporting as and when required to the Board of SRCME
supporting Compliance processes, procedures and controls in place to mitigate Compliance Risk
communication with Regulators as and when required
About the team
The Compliance Officer will form part of the Capital Markets and Asset Management compliance unit within the Group Functions Compliance team and will work closely with, and be supported by, colleagues from within that team in carrying out prescribed duties to mitigate Compliance risk in Swiss Re Capital Markets Europe (SRCME) The Compliance Officer will also form part of the Luxembourg-
based management of SRCME together with the other SRCME Authorized Managers (i.e. the Chief Executive Officer, Chief Financial Officer and the Chief Risk Officer).
Fluent in English and French. Other languages an advantage
5 years' experience in CSSF or MIFID regulatory requirements or equivalent experience in similar relevant requirements
5 years' experience in leading a compliance function or equivalent experience
Strong analytical, process management and communication skills with a proven ability to work in cross functional teams and on multidimensional, frequently non-
recurring or non-routine tasks
Ability to provide compliance advice and to undertake compliance monitoring and control activities
Experience in drafting Compliance policies and procedures and carrying out risk assessments
Take responsibility and ownership
Conduct work activities efficiently
Collaboration with business leaders and other support areas
Act with integrity and navigate ambiguity
Share and communicate
Effective organization and time management
Facilitate team work
Think strategically, focus on the client and drive sustainable performance
Inspire, engage and collaborate
Become part of a dynamic and creative Capital Markets and Asset Management compliance unit within Swiss Re's Group Functions Compliance team.
In order to service clients in the EEA with Swiss Re's capital markets solutions and insurance mediation activities following Brexit, SRCME will be established as a new passported investment firm located in Luxembourg (with a branch in London) and assisting lines of business in both the Reinsurance business unit and the Corporate Solutions business unit.
SRCME will be regulated by the CSSF and CAA in Luxembourg and by the FCA in London.