Compliance Officer (UK SMF 16)

4w4 weeks ago

Swiss Re

London, GB · Full-time · £76,000 – £114,000

About this role

We are looking for an ambitious individual who thrives in a dynamically changing international environment to join as a Compliance Officer for P&C and L&H reinsurance business across EMEA, focusing on the United Kingdom. The role includes acting as SMF 16, ensuring adherence to UK regulatory requirements and industry standards. It offers a broad, hands-on compliance remit spanning oversight, advisory, governance, and projects.

Typical activities include acting as FCA-approved SMF16 Compliance Officer with accountability under SMCR, leading compliance framework enhancements, and providing advisory on conduct risk, financial crime, and data protection. Monitor regulatory developments in UK and EMEA, manage relationships, and deliver assurance on Compliance Risk Frameworks through oversight and training.

Join the P&C & L&H Reinsurance EMEA Compliance team as a crucial member, reporting to the Head Compliance P&C & L&H Reinsurance EMEA. The internal business client-facing team has an international footprint with diverse members in Zurich, Munich, Cape Town, Luxembourg, Bratislava, and London. Provide end-to-end guidance on key risks like Anti-Money Laundering, sanctions, Anti-Bribery & Corruption, data protection, and conduct risk.

Collaborate with global compliance teams and contribute to EMEA and global strategy and transformation initiatives. Deliver compliance reporting to Group Board and local committees while performing risk assessments. This role supports governance, senior leadership, and regulatory consultations in a diverse, innovative client environment.

Requirements

University degree or equivalent qualification
Solid experience in compliance, risk or governance related roles with UK market experience
Good understanding of (re)-insurance regulatory requirements
Solid understanding of compliance risks, particularly anti-money laundering, international trade controls, conduct and data protection
Experience in carrying out regulatory monitoring activities
Ability to take ownership, prioritise and work in a dynamic and changing matrix environment
Demonstrated leadership from every seat with attention to detail
Ability to work collaboratively with stakeholders at all levels

Responsibilities

Act as the FCA-approved SMF16 Compliance Officer for the UK entity with accountability under the SMCR framework
Lead and continuously enhance the compliance framework aligned with external and internal requirements
Provide trusted advisory support on key compliance risks including conduct risk, financial crime, and data protection
Monitor and assess regulatory developments in the UK and EMEA and manage regulatory relationships
Provide assurance to management on implementation of Compliance Risk Frameworks through oversight
Deliver compliance reporting, including to Group Board and local committees
Perform Compliance Risk Assessments and deliver training
Collaborate with global compliance teams on EMEA and global compliance strategy initiatives