Regulatory Compliance Specialist
3 days ago
Role Overview
Fruition Group is seeking a highly skilled Regulatory Business Analyst to join their team on a daily rate contract basis.
The ideal candidate will have strong expertise in regulatory frameworks and insurance, with a particular focus on IFRS 17 implementation and compliance.
This is a critical role supporting the insurance business in ensuring they meet both regulatory requirements and internal operational efficiency.
Main Responsibilities:
- Act as a liaison between regulatory bodies and internal teams to ensure all regulatory requirements are clearly understood and met, particularly around IFRS 17.
- Support the implementation and ongoing compliance of IFRS 17 standards, ensuring the organization's systems and processes align with the requirements.
- Conduct gap analysis between existing processes and IFRS 17 requirements and work with various teams to close these gaps.
- Collaborate with actuarial, finance, and IT teams to define and refine requirements for IFRS 17-related processes and reporting.
- Provide regulatory advice to internal teams regarding changes in financial regulations affecting the insurance industry.
- Prepare and present detailed reports and documentation outlining regulatory requirements, compliance strategies, and progress of implementation.
- Assist in the development of business cases and strategic plans related to regulatory compliance.
- Support the development and execution of testing and validation of systems related to IFRS 17.
- Proactively monitor developments in regulatory standards and provide advice on how they affect the business.
- Facilitate workshops and meetings to ensure all stakeholders are aligned on regulatory changes and their impact on business operations.
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