In good company
Hamilton (NYSE: HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Its three underwriting platforms: Hamilton Global Specialty, Hamilton Select and Hamilton Re, each with dedicated and experienced leadership, provide access to diversified and profitable business around the world.
Headquartered in Bermuda, Hamilton has over 600 employees with key underwriting operations in London, Bermuda, the US and Dublin. We work collaboratively, we share a passion for the service and results we deliver, and we know that what we do each day is meaningful – to our customers and our business. We believe we are ‘In good company.’ with everyone we interact with.
We’re looking for a Head of Compliance, HIDAC
Based in HIDAC's Dublin office, this role will report to the Global Head of Compliance and Hamilton Insurance DAC ('HIDAC') CEO. As a member of the wider Compliance team, the role holder will be wholly dedicated to HIDAC and will hold the PCF-12 function and be the primary point of contact for the Central Bank of Ireland for all compliance related matters.
The role holder will work closely with the Global Head of Compliance to ensure shared compliance services are appropriate for HIDAC, and they will be a member of the HIDAC Executive Committee required to attend Board and other committee meetings.
Hamilton Global Specialty is our multi-platform, specialty insurer operating primarily through a Lloyd's Syndicate and Dublin operating company with a managing general agency in the US.
What you will do
* Provide advice and assistance to the HIDAC Board, management team and relevant employees in respect of existing and new regulatory requirements under the Irish (and other relevant) regulatory regime(s)
* Provide bespoke training and guidance (as required) and assist the Board and management team with the development and maintenance of HIDAC's policies and procedures ensuring they address relevant regulatory requirements and are sufficiently robust
* Responsible for completing and returning (in conjunction with underwriters) responses for CIFA notices
* Provide response to business queries and day to day compliance tasks
* Provide prompt and accurate regulatory / compliance advice and assistance in respect of strategic and business matters
* Act as primary point of contact for the Central Bank of Ireland for all compliance-related matters, including the preparation and submission of notifications and returns, responding to information requests and general queries, and coordinating reviews initiated by the CBI
* Management of global insurance licenses (applications and renewals) and the maintenance of these licenses through quarterly and annual returns
* Work closely with the data and MI teams in order to obtain MI to be passed on to HIDAC’s regulators worldwide
* Provide assistance to the wider compliance team, where EU matters impact other subfunctions within compliance
* Conduct risk assessments and gap analysis of changes in regulations – highlighting the impacts on HIDAC
* Be a member of the HIDAC Executive Committee, and prepare and present status reports for the Board and other committees (as well to the Global Head of Compliance)
* Work closely with the Global Head of Compliance to ensure shared compliance services are appropriate for HIDAC (including generic training, horizon scanning, compliance monitoring, financial crime and business conduct). This will involve the preparation of the Annual Compliance Plan for HIDAC and its presentation to the Board for approval
* Promote good standards of corporate governance
* Assist with the implementation of Hamilton Group standards and protocols and liaise with and assist the Group General Counsel as required
Conduct Standards
* You must act with integrity
* You must act with due skill, care and diligence
* You must be open and cooperative with the CBI, and other regulators
* You must pay due regard to the interests of customers and treat them fairly
* You must observe proper standards of market conduct
* You must act to deliver good outcomes for retail customers
What you require for the role
* Proven track record as senior compliance professional with a comprehensive knowledge of Irish regulatory requirements and expectations, as they pertain to an insurer
* Have a background in general insurance
* Keen knowledge of specialty insurance market
* A thorough understanding of relevant laws, regulations and best practices
* Good awareness of best practice re. governance arrangements
* Excellent interpersonal and communication skills, with the ability to build effective working relationships at all levels
* Ability to think critically, identify and analyse problems, and develop effective solutions
* Adaptability and a willingness to improve processes
* Open, innovative and inclusive mindset
* Collaborative spirit
* Results-oriented and growth mindset
What you can expect from us
We offer a vibrant, entrepreneurial, and collaborative culture guided by our values: Be Smart, Be Sensible, Be Open and Be More.
We know if we welcome and respect differences, we’ll attract and retain talent that brings a valuable diversity of perspectives and experience. We want all our colleagues to feel that they can bring their whole selves to work at Hamilton and know that they can be part of building a great company.
Hamilton offers a competitive salary and benefits package, including:
* 25 days of annual leave including public holidays and My Day an additional days’ leave for personal interests/wellness/charity work
* Hybrid working
* Fully covered health insurance
* Group pension scheme with generous company contributions
* Life Assurance
* Bike to Work scheme
* Gym subsidy
* Travel loan
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