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Broadgate · 2 days ago

Head Of Compliance

United States

Full-time

Remote

Director/Executive

7+ years exp

Broadgate is partnering with a global reinsurance business seeking an experienced Head Of Compliance to join their team in the US due to growth. The role involves overseeing US compliance regulations, promoting awareness of regulatory requirements, and managing compliance risk assessments.

Staffing & Recruiting

Hiring Manager

Connor Nurse

Responsibilities

Responsible for the US Compliance Universe (e.g., applicable federal and state laws and regulations) and ensuring that they are appropriately reflected within the Group Governance Risk and Compliance (GRC) tool with appropriate policies and procedures in place

Actively promote and instill awareness of all Group and US regulatory requirements, including conduct, within the business

Support the US business-wide Horizon Scanning process including proactive monitoring of regulatory and legal developments in close coordination with the US Legal team

Where new and changing regulations and laws are identified, lead the provision of impact assessments, gap analyses, and guidance notes on any consultation papers through to final implemented guidelines

Ensure that where there are changes identified which are implemented at a Group level, support the communication with US stakeholders, overall roll-out, and US implementation. Work closely with the Group Change Management team as required

Responsible for management and oversight of all US regulatory filings within the Group GRC tool, reporting, managing, and ensuring that all are identified and submitted on a timely basis. This involves close collaboration with the US Legal team

Support an annual business-wide Compliance Risk Assessment (CRA) process for all US entities. The purpose of the CRA is to have a clearly articulated Company Risk Profile (for all regulated and non-regulated entities), which identifies and measures the associated compliance risk. The CRA supports development and implementation strategies for mitigating material compliance risks (supports Group Supervision Rules 2011). The CRA includes a risk profile outlining the purpose, financial condition, and performance of each entity to understand the compliance risk profile. Work alongside the other jurisdictional Heads of Compliance to ensure these risk assessments are conducted in a consistent manner

Provide advice to the business on corporate policies, procedures, codes, and frameworks which support the compliance risk management framework. Identify where training needs are relevant and work in conjunction with Compliance Operations to deliver a robust compliance training program

Responsible for regular communications to the US Executive and Boards, Risk Committee, or other governance bodies on all compliance matters

Qualification

Compliance managementRegulatory knowledgeRisk assessmentLegal experienceProject managementAnalytical skillsStakeholder managementCommunication skillsProblem-solving skills

Required

7+ years of legal and compliance experience working in the insurance and/or reinsurance industry, with a combination of in-house and law firm experience strongly preferred

Excellent oral and written communication skills, including demonstrated ability to prepare presentations and board reports appropriate to various audiences

Proven ability to build strong partnering relationships with a wide range of stakeholders and to challenge, negotiate with, influence, and persuade stakeholders at all levels

Strong analytical, organizational, project management, and problem-solving skills, with demonstrated ability to resolve complex business or regulatory issues

Preferred

Law degree (JD) from a law school accredited by the American Bar Association and current good standing with the bar in at least one U.S. state preferred but not essential