Senior Compliance Specialist

AmTrust is a global insurance provider offering risk-management solutions and business underwriting. Today AmTrust International underwrites over $2.5bn of gross written premiums and employs more than 1500 people in 14 countries.

Position Overview

The Compliance Function, as a second line of defence within the AIU System of Governance Framework has the following key objectives: -

· Assessing and overseeing AIU's regulatory compliance risks, and providing advice and guidance to the accountable business owners to mitigate these risks, in accordance with the legal, regulatory and conduct risk appetites set by the AIU Board.

· Providing assurance to the AIU Board that the entity is operating within the regulatory framework applicable to its business, in particular, the supervisory framework of the Central Bank of Ireland.

· Promoting an organisational culture that encourages ethical behaviour and a commitment to compliance with legal and regulatory requirements.

The purpose of this role is to work closely with the Head of Compliance (who also the Data Protection Officer) and Compliance team colleagues, to meet the above key objectives, by driving the effectiveness of the AIU Compliance Framework.

Essential Job Functions:

Essential Job Functions are described in individual performance objectives but will include:-

Compliance Advice and Monitoring Strategy

· Accountability for regulatory risk in support of the AIU Business Plan: tracking and assessing emerging regulation and guidance to ensure compliance within the business; driving knowledge sharing and the dissemination of consistent best practice standards.

· Support the regulatory compliance risk remediation programmes, providing transparent action plans and assurance reporting.

· Contribute to the delivery of the Compliance monitoring plan as well as the continued development thereof, resulting from outcomes of regulatory horizon scanning as a key driver.

· Support the Head of Compliance with the provision of Compliance advice and the formation of monitoring strategies as prescribed in the annual Compliance plan.

· Support the Head of Compliance as Data Protection Officer (DPO) to foster a Privacy by Design culture and, as required, to oversee the effectiveness of the AIU Data Privacy program.

Reporting and Assurance

· Support the Head of Compliance to provide relevant stakeholders with regular reports assessing the status of compliance risk, and recommendations to promote effective compliance systems and controls.

· Accountability for reviewing performance against the Compliance plan and providing Key Performance Indicators.

· Maintain the 'open door communication policy' to assist colleagues to understand the regulatory compliance environment within which AIU operates; including provision of relevant training.

Other duties may be assigned in order to meet the on-going needs of the Company.

Qualifications

· Educated to degree level or equivalent

· Must hold or be working towards the LCOI qualification or progress towards is essential

Experience

· Minimum 3 years' experience working in a technical Compliance team in the financial services industry.

· Preferred minimum 3 years' experience working in a 1st line role with ability to understand the business perspective and delivery of fair outcomes to customers.

· Stakeholder experience in multi-functional regulatory change projects.

· Relevant experience in implementing effective regulatory risk frameworks.

· Experience implementing compliance risk management and control frameworks.

· Experience working in matrix organisations across multiple business lines, functions and territories.

· Understanding of EU Regulations e.g. Solvency II, Insurance Distribution Directive, GDPR, Conduct and Consumer Protection regulations and Guidance.

· Demonstration of critical analysis and decision making skills, coupled with communication and influencing skills, and the ability to quickly build relationships and establish credibility with stakeholders.

· Experienced Compliance professional who is not afraid to provide quality advice and guidance to

all areas of the businesses, constructively challenging the norm while fostering strategic alliances with key business areas.

· Team player, who can actively share knowledge, and support the technical and personal development of other Compliance team members.

Core AmTrust Behavioural & Professional Competencies (Employees)

Results Driven: Displays energy, determination and a sense of urgency to get the job done; understands the importance of meeting deadlines to achieve objectives; takes responsibility for organising own workload to ensure goals are met; identifies barriers or issues that might impact adversely on getting the job done and is proactive and innovative in resolving problems and finding solutions; strives for excellence.

Adaptable & Open to Change: Demonstrates a willingness to adapt and change according to circumstances; is able to comfortably handle ambiguity and changes in priorities; identifies the requirement to demonstrate flexibility for the wider benefit of the department and the business; supports change and the drive to continuously improve.

Relationship Management & & Customer Focus: Builds and maintains strong internal and external customer and other relationships as relevant to role; is able to effectively understand and support customer needs while balancing business needs; takes responsibility for meeting agreed service levels and other commitments.; strives to deliver excellence and innovates to deliver solutions; ensures that everything that they do complies with all Treating Customers Fairly (TCF) principles.

Risk Management: Is able to understand and identify common types of business risks for their functional or business area; actively supports the maintenance of an effective control environment; takes timely remedial action as may be required to prevent or minimise loss; proactively escalates risks to the appropriate party; supports continuous improvement in the management of risk.

Collaboration: Demonstrates respect and integrity in all collaboration with others; works with rather than competes with others in the business to achieve company goals; builds trust through open communication; adapts style and messaging appropriately; seeks out and listens to the opinions of others; supports team building and an inclusive culture that values diversity.

Continuing Professional Development: Proactively keeps up to date with regulatory and professional changes; maintains the required knowledge and skills to perform in post and undertakes all required / mandatory training; ensures that annual learning and development plans and Continuing Professional Development (CPD) obligations are achieved.

AmTrust Values: Able to demonstrate and role model AmTrust's values: Excellence, Innovation, Integrity, Responsibility, Inclusion and Teamwork.

Conduct Rules: Acts at all times in accordance with the Conduct Rules (as set out above)

Life insurance

Professional Development + Growth

Opportunities for Advancement

Attractive Compensation Package

Pension Scheme

Learning and development opportunities

E-Learning & Development Portal

AmTrust International is an Equal Opportunity Employer