RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.
About RenaissanceRe
For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We're experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all.
About ROE
Renaissance Reinsurance of Europe ("ROE") is a Dublin based subsidiary of RenaissanceRe. Established in 1999, ROE was RenaissanceRe's first operating subsidiary outside Bermuda. For many years ROE wrote a portfolio of property catastrophe reinsurance business focusing on European Clients. RenaissanceRe has identified an exciting opportunity for ROE to access credit insurance risk from client banks and financial institutions within the European Union.
About the Position
Reporting to the Chief Counsel - Europe and to the Board Directors of Renaissance Reinsurance of Europe ("ROE"), the VP, Compliance Officer is responsible for running the Compliance Function of the regulated entity. This is an exciting role for a talented and dynamic individual to cover a number of related functions which will provide an engaging and varied in-tray. The VP, Compliance Officer will have primary responsibility for the management and administration of ROE's compliance, corporate governance and company secretarial activity.
Key Relationships
* Reports to: Chief Counsel - Europe (based in London office)
* Key Stakeholders: Managing Director and Board of Directors of ROE, Head of Credit - Europe
* Key Partners: Underwriting, Legal & Compliance, Finance
Key Responsibilities
Compliance
* Ensure that ROE adequately fulfils its compliance obligations and support senior managers in promoting our culture to pursue adherence to the highest standards of integrity and fair dealing.
* Advise the ROE Board of Directors on relevant compliance and regulatory developments and requirements.
* Act as a point of contact and dependable channel of communication for the Company's interactions with regulators.
* Oversee the provision of compliance support obtained by ROE from other RenaissanceRe companies.
* Oversee ROE's regular financial crime risk assessment and screening of in-force risks.
* Maintain, update and support the adherence to ROE's policies and procedures.
* Ensure the timely completion, execution and submission to the CBI and other regulatory authorities of all returns and other documentation by the deadlines imposed.
* Support the monitoring and oversight of ROE's outsourcing arrangements.
* In collaboration with colleagues from the broader Legal, Regulatory and Compliance department across the RenaissanceRe group:
* Produce and execute ROE's annual risk-based Compliance Plan;
* Ensure staff receive the appropriate level of compliance training in order to understand their responsibilities;
Corporate Governance
* Ensure that ROE operates in conformance with relevant Corporate Governance Requirements.
* Maintain ROE's Management Responsibilities Map and ensure this is regularly updated and approved by the ROE Board.
* Assist the Board of Directors and senior staff in maintaining compliance with all SEAR requirements.
* Assist the Board of Directors and senior staff in the management of any conflicts of interest.
* Maintain and ensure adherence to ROE's Governance Timetable.
* Support the Annual Board Effectiveness Review Process.
Company Secretarial
* Provide oversight in respect of the scheduling of Board and Committee meetings, the distribution of Board and Committee papers and the maintenance of corporate records.
* Minute Committee and Board meetings of ROE and its affiliate Renaissance Services of Europe ("RSE").
* Co-ordinate with external company secretarial provider for submission of annual returns and Beneficial Ownership Register.
* Co-ordination of Annual General Meeting of ROE.
* Co-ordinate with Finance Team on RSE's Directors' Compliance Statement including required in-year review obligations.
* Ensure ROE and RSE remain up-to-date and compliant with all company filings with the CRO.
Candidate Qualifications:
* Relevant third level qualification in Law, Finance, Business or related field/additional professional qualification in Compliance.
* Previous experience of holding a PCF designation is advantageous.
* Strong knowledge of Central Bank requirements for Insurance Undertakings.
* Strong and relevant experience working within a Compliance role in an Insurer/Reinsurer or advising regulated clients.
* Must be flexible and able to work in a team with excellent collaborative engagement with colleagues.
* Strong attention to detail.
* Strong computer skills are essential, particularly Microsoft Excel, Outlook, Word and PowerPoint.
* Exceptional organizational skills.
* Excellent communication and interpersonal skills, capable of effectively liaising with internal teams, external stakeholders and regulatory authorities.
Leadership Competencies & Values:
* Impact: Sets objectives, delivers results, and implements policies/operational targets with direct impact on the department or individual work outcomes.
* Execution: Proactively identifies resources, actions and timelines needed to achieve objectives.
* Communication: Shares relevant information in a timely manner with stakeholders.
* Client and solutions focus: Identifies process and service opportunities that enhance the external and internal client experience and outcomes.
* Innovation: Stretches self and others to think differently and innovatively.
* Learning mindset: Seeks out and explores new assignments, exposure, or challenges in order to enhance technical skills.
* Values: Exemplifies and champions RenaissanceRe's core values of Focus, Respect, Integrity, Precision, Passion.
We believe that meeting these requirements will position you for success in the role. However, if you fulfill most - but not all - of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn.
At RenaissanceRe, we believe in creating a workplace culture that fosters diversity, equity, and inclusion throughout our business. We have a zero-tolerance policy for harassment and discrimination and take proactive steps to make employees feel valued and empowered to contribute to our collective success.
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company.
We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer.
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