We are seeking to hire a Compliance Officer for CICE based out of our Luxembourg office . The position is responsible for Compliance in CNA Hardy’s Continental European operations, which operate through its Luxembourg insurer, CNA Insurance Company Europe (CICE).
The role is the compliance key function holder for CICE (subject to appropriate approval from the CAA).
CICE writes in excess of $170 million in gross written premium through seven branches : Belgium, Denmark, France, Italy, Germany, UK & The Netherlands.
CNA Hardy offers a broad spectrum of products and services across the Property, Casualty, Marine and Specialty classes. Products are tailored to meet the needs of customers, large to small, in the following industry segments : Construction, Financial Institutions, Healthcare, Manufacturing, Professional Services and Technology.
Provide operational compliance and regulatory affairs support to the company’s operations across Europe
Be the principle point of contact for the CAA in Luxembourg for regulatory compliance matters and proactively manage the regulatory relationship
Ensure Compliance policies, procedures and processes are appropriate for the regulatory environment in Luxembourg
Act as the key point of contact for compliance matters for regional managers and legal representatives
Comply with all applicable legal and regulatory requirements and ensure, at a level appropriate to the position, that appropriate measures are in place to ensure this compliance
Provide guidance on the interpretation and application of CAA and other applicable regulation
Contribute to the embedding of the Conduct Risk Framework.
Manage regulatory licensing obligations for the CNA Hardy Europe companies.
Contribute to the development of the annual Compliance Framework and Programme set by the company and be responsible for monitoring compliance with the framework in the regions.
Work with the CNA Hardy compliance team in London, support the delivery of the compliance plan across all CNA Hardy entities, with a dotted lined to the CNA Hardy Compliance Director .
Ensure timely and accurate compliance reports to the CICE Boards and Board Committees
Attend and report on compliance matters to CICE governance forums, including the Risk Committee and the Management Committee, as required
Keep pace with changes to legislation, regulations and market practice; responding to regulatory consultations in close collaboration with the CNA Hardy Compliance Director.
Promote a culture of pro-active compliance within the Company
Drive a high performance culture through leading by example and setting the tone for the organisation
Assist with the provision of compliance advisory and monitoring services with respect to branches, service companies and other international operations.
Collaborate with a locally based small team, with support from the Head Office Compliance team based in London to coordinate monitoring, assurance and transactional advice to the business
Manage and coordinate regulatory filings to the CAA
Work with the CICE CRO and CICE General Manager to manage day to day compliance issues across the business and provide compliance support as required.
Work on special projects as necessary at the behest of the General Manager
May perform additional duties as assigned
The successful candidate will have a track record in progressive compliance roles within a similar size operation focused on general commercial insurance operations.
Direct experience within the European market with an understanding of regulatory requirements and reporting in Luxembourg is preferred.
Further, the successful candidate should be comfortable working in a matrix environment with the ability to influence and build relationships within the greater enterprise and distribution channels.
The candidate will have the following skills and experiences. Though each of the following items is not a requirement, a compelling combination of the following is required :
Excellent interpersonal skills to work collaboratively with colleagues and embed a culture of compliance in the company.
An ability to work off your own initiative to organise, prioritise and manage work effectively to deadlines
Decision-making ability and the ability analyse and resolve problems
Experience of dealing with regulatory authorities at a senior level.
Ability to apply regulatory and compliance requirements to the business in an efficient and business friendly manner.
Takes a hands-on practical problem-solving approach to achieving a business outcomes and to ensuring that the right business culture and behaviours are being pursued.
Sound judgment and a willingness to exercise it and be assertive as necessary.
Knowledge of Microsoft Office Suite and other business-related software systems
An ability to communicate at all levels in the organisation with confidence and clarity.
Education and experience
Minimum 5 years’ experience in a similar role
Experience in working for a multi-line insurance company
Experience of Luxembourg legal and regulatory requirements
Fluent English and French Language skills. Additional European languages are an advantageous.
May have related industry professional education.