About the Position
Brightwater Executive is delighted to be engaged on this newly created Head of Compliance & Risk opportunity. A rare opportunity to join a fast-scaling global Insurtech, as they establish and scale their European MGA here in Ireland.
Reporting to the Board and working closely with the CEO, the Head of Compliance & Risk will build and lead the second-line Compliance & Risk function, establishing robust regulatory, risk and governance frameworks as the business scales across Europe.
The role will lead CBI regulatory engagement, from pre-authorisation and registration through to go-live, while providing oversight across conduct, customer protection, data governance, AI regulation, operational resilience and regulatory risk.
This is a highly visible, commercially focused role, partnering with senior leadership and European teams to support the organisation's growth strategy.
As a PCF-12 – Head of Compliance appointment, the successful candidate will be subject to the CBI pre-approval and Fitness & Probity process.
Key Responsibilities
As a PCF-12 - Head of Compliance appointment, the incoming role holder will be subject to the CBI preapproval and F&P process.
- Build and run the compliance monitoring programme, reporting on it directly to the Board.
- Own the risk register and the risk framework operationally.
- Ensure robust second-line oversight, monitoring, root cause, board reporting.
- Providing regulatory advice and oversight when entering new markets within the EEA.
- Have oversight of regulatory risks for the MGA as it grows across the European regions.
- As the business scales and matures, lead and execute the compliance risk assessment and assurance planning process.
- Complete planned compliance assurance activities within the specific timelines.
- Provide advice to the business on complex compliance matters.
- Own compliance frameworks and lead the review, update and implementation of any relevant Group and local policies.
- Facilitate and co-ordinate strategic, operational and project risk assessments
- Conduct compliance and other risk-awareness-raising activities with local teams.
- Provide support to senior managers to ensure they understand their specific regulatory obligations within their jurisdictions.
- Oversight of outsourced arrangements and the delegated-authority controls with the Irish MGA and it’s wider groupwide undertakings.
- Second-line review of bound business against the carrier's delegated parameters.
Experience/Requirements
- Previous PCF-12 experience, ideally within Non-Life / General Insurance, an MGA or corporate broking environment.
- Deep knowledge of CBI regulation relating to financial intermediaries.
- Agile and intrapreneurial mindset, with the ability to operate independently within a fast-scaling organisation.
- Independently minded, with strong commercial acumen, sound judgement and integrity.
- Strong ability to work across regions, regional and cross-functional teams, providing pragmatic advice and value-added support to the commercial growth strategy.
- Experience taking a firm through its first authorisation or registration would be a distinct advantage.
- Third-level qualification in a relevant subject, or relevant professional qualifications, would be advantageous. A Diploma in Compliance or equivalent (e.g. LCOI) is desirable.
- 7 – 10+ years’ experience in compliance or a combined compliance and risk role within general insurance, ideally with experience in cross-border EEA passporting, including FoS / FoE.
- Strong operational resilience and risk management experience, including knowledge of risk governance and best-practice controls.
- Strong knowledge of key compliance and regulatory topics, with well-developed horizon-scanning capabilities
Remuneration Package
Highly Competitive + Benefits + Bonus
Contact
For a confidential discussion regarding this position, please contact Estelle Davis at e.davis@brightwaterexecutive.com DDI: + 353 1 592 7844 / +353 86 384 9662.
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