Compliance Officer, Monitoring
London, UK
Supporting the Headof Compliance Monitoring in providing assurance that regulatory compliance controls are operating effectively by performing and overseeing monitoring reviews and supporting the overall perform and development of the Compliance Monitoring function.
DISCOVER your opportunity
What will your essential responsibilities include?
• Lead monitoring review on regulatory topics within a global function
• Manage and undertake compliance monitoring and reporting as specified in the Compliance Monitoring Plan, to help ensure the business maintain compliance with regulatory standards, and that breaches are remedied promptly.
• Provide recommendations to remedy any control failings/gaps or business training needs identified during compliance monitoring activities.
• Undertake follow up consultancy and engagement to help embed a compliant culture within the business and to help ensure the business is compliant with applicable regulations.
• Report and communicate the results of the compliance monitoring activities and be forward-thinking on ways to drive efficiencies across the suite of reporting and regular tasks.
• Support the completion of overseas monitoring reviews as required.
• Develop the risk-based Annual Compliance Monitoring plan through engagement with the heads of compliance across the globe.
• Support in the training and development of Compliance Monitoring staff, with a view to taking online management responsibilities in the future.
• Help ensure that other Compliance Monitoring staff complete all aspects of monitoring and testing programmes and oversee the preparation of Compliance Monitoring and reports.
• Undertake technical research into UK and foreign regulations to inform planning and fieldwork for monitoring reviews.
• Build robust relationships with the wider business, particularly other assurance functions such as risk management and internal audit.
• Write and maintain key Compliance Monitoring documents.
• Support the Senior Manager in providing feedback and assurance to the senior management and boards and deputise for the Senior Manager in some situations.
• Develop data capabilities and management information to build greater risk based monitoring.
• Deliver internal training on Compliance Monitoring as required.
• Monitor regulatory developments and to read, and understand the new consultation papers and policy statements, in order to ensure new and emerging risks are reflected in Compliance Monitoring activities.
• Complete other activity over and above those listed in the role profile, appropriate to your skills and experience.
You will report to the Head of Compliance Monitoring.
SHARE your talent
SHARE your talent
We're looking for someone who has these abilities and skills:
• Detailed knowledge of UK and European regulations.
• Substantial compliance monitoring or testing experience in a general insurance setting.
• Experience of working within risk and control evaluation programmes in a compliance monitoring environment and had input into the design of the programme.
• A track record of delivery of compliance initiatives.
• Robust planning and organisational skills and the ability to work to deadlines.
• Ability to maximise the use of your time through time management and prioritisation.
• Communicate effectively with business units at all levels and develop effective working relationships.
• Ability to work independently and to make decisions/and recommendations.
• Ability to work on own initiative and as part of a team.
• Ability to produce clear and accurate written information.
• Desired but not essential:
o ACII or Compliance qualifications.
o Line management or mentor experience.
o Knowledge of US and APAC regulations
o Advanced MS Excel skills
FIND your future
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don't just provide re/insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business - property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
Inclusion & Diversity
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It's about helping one another - and our business - to move forward and succeed.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called "Roots of resilience", focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars:
London, UK
Supporting the Headof Compliance Monitoring in providing assurance that regulatory compliance controls are operating effectively by performing and overseeing monitoring reviews and supporting the overall perform and development of the Compliance Monitoring function.
DISCOVER your opportunity
What will your essential responsibilities include?
• Lead monitoring review on regulatory topics within a global function
• Manage and undertake compliance monitoring and reporting as specified in the Compliance Monitoring Plan, to help ensure the business maintain compliance with regulatory standards, and that breaches are remedied promptly.
• Provide recommendations to remedy any control failings/gaps or business training needs identified during compliance monitoring activities.
• Undertake follow up consultancy and engagement to help embed a compliant culture within the business and to help ensure the business is compliant with applicable regulations.
• Report and communicate the results of the compliance monitoring activities and be forward-thinking on ways to drive efficiencies across the suite of reporting and regular tasks.
• Support the completion of overseas monitoring reviews as required.
• Develop the risk-based Annual Compliance Monitoring plan through engagement with the heads of compliance across the globe.
• Support in the training and development of Compliance Monitoring staff, with a view to taking online management responsibilities in the future.
• Help ensure that other Compliance Monitoring staff complete all aspects of monitoring and testing programmes and oversee the preparation of Compliance Monitoring and reports.
• Undertake technical research into UK and foreign regulations to inform planning and fieldwork for monitoring reviews.
• Build robust relationships with the wider business, particularly other assurance functions such as risk management and internal audit.
• Write and maintain key Compliance Monitoring documents.
• Support the Senior Manager in providing feedback and assurance to the senior management and boards and deputise for the Senior Manager in some situations.
• Develop data capabilities and management information to build greater risk based monitoring.
• Deliver internal training on Compliance Monitoring as required.
• Monitor regulatory developments and to read, and understand the new consultation papers and policy statements, in order to ensure new and emerging risks are reflected in Compliance Monitoring activities.
• Complete other activity over and above those listed in the role profile, appropriate to your skills and experience.
You will report to the Head of Compliance Monitoring.
SHARE your talent
SHARE your talent
We're looking for someone who has these abilities and skills:
• Detailed knowledge of UK and European regulations.
• Substantial compliance monitoring or testing experience in a general insurance setting.
• Experience of working within risk and control evaluation programmes in a compliance monitoring environment and had input into the design of the programme.
• A track record of delivery of compliance initiatives.
• Robust planning and organisational skills and the ability to work to deadlines.
• Ability to maximise the use of your time through time management and prioritisation.
• Communicate effectively with business units at all levels and develop effective working relationships.
• Ability to work independently and to make decisions/and recommendations.
• Ability to work on own initiative and as part of a team.
• Ability to produce clear and accurate written information.
• Desired but not essential:
o ACII or Compliance qualifications.
o Line management or mentor experience.
o Knowledge of US and APAC regulations
o Advanced MS Excel skills
FIND your future
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don't just provide re/insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business - property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
Inclusion & Diversity
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It's about helping one another - and our business - to move forward and succeed.
- Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe
- Robust support for Flexible Working Arrangements
- Enhanced family friendly leave benefits
- Named to the Diversity Best Practices Index
- Signatory to the UK Women in Finance Charter
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called "Roots of resilience", focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars:
- Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society - are essential to our future. We're committed to protecting and restoring nature - from mangrove forests to the bees in our backyard - by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
- Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
- Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We're training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
- AXA Hearts in Action : We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL's "Hearts in Action" programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day - the Global Day of Giving.