Chief Compliance Officer

Our client, operating in the insurance industry is seeking to recruit a Chief Compliance Officer. The selected candidate will be responsible for the Compliance Function of the company and have the following responsibilities:

• Ensuring the company is adhering with external compliance laws, rules and regulations
• Reporting to and keeping the board of Directors updated with any new laws and regulations that the company is required to abide to and advise on any impact these might have on the company
• Assessing the possible impact of any legal environment changes on the operations of the Company
• Drafting of an Annual Compliance Plan on the basis of the Compliance Risk Map and the implementation thereof
• Identifying and assessing of Compliance risks and reporting any breaches to the CEO and Board of Directors
• Delivering compliance training to all relevant staff members and board of Directors whilst maintaining a register for such training session
• Liaising with the regulator and ensuring their demands are met in a timely manner
• Monitoring internal compliance with the Product Approval Process
• Updating all team members with any new rules and regulations implemented by the regulator
• Maintaining the Conflicts of Interest Register for the company
• Acting as DPO for the company whilst maintaining the necessary data and related policies and procedures and reviewing and monitoring same on a regular basis
• Conducting Data Protection Impact Assessments where processing data presents high risks to the rights and freedoms of data subjects
• Reporting data breaches to the appropriate regulators in a timely manner
• Testing regularly the privacy measures implemented and conducting periodic reviews and audits as required
• Any other duty which may be required from time to time

• Minimum 8 years experience working in compliance within Financial Services. Candidates with an insurance background will be given preference
• Multi tasker and ability to prioritize and meet deadlines
• Ability to work on own initiative as well as part of a team
• Excellent spoken and written communication skills
• Eye for detail, problem solver and self motivated
• Ability to evaluate the technical details of insurance proposals and pricing
• Eligible to be PQ'd by the MFSA

• An academic qualification in Financial services or in the area of Compliance