Ireland Job Openings

OUTsurance

Compliance Officer

Dublin

FULL TIME

September 18, 2024

Company Description:
OUTsurance is a customer-centric and dynamic company with a global footprint and a proud history of innovation. We are vibrant, successful, and values-orientated with an awesome dynamic culture encapsulated by the ethos that clients and staff “always get something OUT.” Our success can be attributed, amongst other things, to the outstanding people that work for us.


Position Overview:

As the Compliance Officer, you will play a pivotal role in ensuring the regulatory Compliance of our home and motor insurance operations. You will report directly to the Head of Compliance locally in Ireland.
Your role will have a specific focus on operational compliance driving the effectiveness of the Compliance Framework and delivery of the annual Compliance Plan.


Key Responsibilities:

  • Maintain and oversee robust frameworks for fitness and probity, minimum competency, and individual accountability, tailored to the specific needs of the Company.
  • Conduct thorough assessments of needs to assist in and contribute to the design of processes and systems of work to identify gaps and recommend improvements to meet regulatory standards.
  • Collaborate with cross-functional teams to ensure the integration of compliance frameworks into operational processes, fostering a culture of compliance at all levels.
  • Lead efforts to develop and deliver training programs to enhance staff understanding and awareness of regulatory requirements, focusing on key areas such as fitness and probity and minimum competency.
  • Stay updated with evolving regulatory guidelines, directives, and industry best practices related to industry compliance and contribute to the updating of frameworks accordingly.
  • Establish and execute a comprehensive monitoring program specific to fitness, competency and ensure obligations are met and any non-compliance issues are escalated.
  • Contribute to periodic reviews and audits to assess the effectiveness of frameworks and their implementation, making necessary recommendations for adjustments as required.
  • Support the Head of Compliance in the effective delivery of the annual Compliance Plan and maintain a strong presence in the Company to ensure the ongoing delivery and enforcement of a strong and robust Compliance culture.


Qualifications, Skills and Experience:
  • Minimum 2 years working within the Compliance, Audit or Risk team of a Consumer-serving Irish regulated Insurance (preferred) or Financial Services entity.
  • In depth working knowledge of the Insurance Regulatory Framework in Ireland, with specific and relevant experience with the F&P Standards and Minimum Competency Code
  • You will be able to demonstrate good understanding of the Individual Accountability Framework.
  • Professional Insurance Qualifications to minimum APA level required.
  • Progression towards LCOI Qualifications a plus.
  • University Degree or Diploma in a relevant discipline a plus
  • Strong understanding of the broader regulatory landscape and its implications for insurance operations.
  • Exceptional analytical skills and attention to detail, with the ability to interpret and apply complex regulations to practical situations.
  • Excellent communication and interpersonal skills, capable of effectively liaising with internal teams, external stakeholders, and regulatory authorities.
  • Demonstrated ability to contribute to the design and/or adaptation of compliance frameworks, monitor adherence, and drive continuous improvement.
  • Proficiency in using compliance management software and tools including Microsoft office.


Personal Attributes:
Integrity and ethical conduct, with a commitment to upholding the highest standards of regulatory compliance.
Proactive mindset and ability to work independently, taking ownership of compliance initiatives.
Strong problem-solving skills and the capacity to make informed decisions under pressure.
Effective organisational and time management abilities, with the capability to manage multiple priorities and meet deadlines.


Additional Information:

An ideal candidate will be able to align their personal work values to the OUTsurance values of passion, profitability, recognition, people development, honesty, respect, and awesome service. Being enthusiastic in dealing with challenges in a stressful, deadline-orientated environment is essential.


Data Privacy Notice:

By responding to this job advert, you affirm that you have read and comprehended our Recruitment Privacy Notice - https://cdn.outsurance.ie/documents/20230706_1-OUTsurance_DAC-Recruitment_Privacy_Notice.pdf. By proceeding with your application, you are providing your consent to the practices described therein regarding the collection, use, and retention of your personal data. Your understanding and agreement to these terms are crucial for us to continue the recruitment process.


If you are interested in the above role, please send your CV to recruitment@outsurance.ie

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