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Compliance Policy Officer

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Chubb

14d ago

  • Job
    Full-time
    Mid & Senior Level
  • Government & Politics
    Legal
  • London

AI generated summary

  • You need 3-6 years in compliance, strong communication skills, ability to summarize complex info, manage priorities, and influence stakeholders. French is a plus.
  • You will maintain regulatory knowledge, review and update policies, conduct gap analyses, lead training, support compliance frameworks, and track emerging regulations across EMEA.

Requirements

  • 3 – 6 years’ experience of working in Compliance, at a consultancy or regulator (insurance industry, especially non-life sectors, preferred)
  • Ability to extract and summarise the key relevant information from technical documents such as consultations or draft legislation
  • Comfortable working in a regional team where a number of stakeholders are based in other countries. Able to influence and coordinate between those working in other teams or countries
  • Excellent written and verbal communication skills, particularly the ability to produce clear, concise reports and presentations which make complex regulatory topics understandable for the wider business
  • Strong organisational skills and adept at managing competing priorities
  • Comfortable dealing with senior managers
  • Other European languages (especially French) is a bonus

Responsibilities

  • Build and maintain a strong technical knowledge of relevant regulation, particularly in the UK and EU
  • Support the development and regular review of policies and procedures to establish and maintain compliance with legislation, regulation, and codes of practice
  • Conduct rules mapping exercises as part of policy reviews, mapping regulation to the relevant policy, identifying any gaps and proposing updates to policies and guidance as necessary
  • Work with local compliance across the region to ensure policies fit local requirements
  • Lead the roll out of new and updated policies and guidelines across EMEA including comms and training
  • Support the work of the Compliance Policy Team on emerging regulatory developments by conducting horizon scanning for new UK and EU regulatory developments identifying those relevant for Chubb
  • Carrying out impact assessments on new regulation and working with the business to conduct gap analyses and advise on the implementation of any changes required
  • Ensure that new regulatory developments across the wider EMEA region are reported and tracked by local compliance
  • Contribute to horizon scanning internal comms and reporting
  • Support the maintenance of key Compliance frameworks, including the breaches and incidents framework, and processes across the region by ensuring records are up-to-date, matters of concern are escalated appropriately, and by the provision of regular MI
  • Other ad hoc tasks as required

FAQs

What is the primary focus of the Compliance Policy Officer role?

The primary focus of the Compliance Policy Officer role is to oversee compliance policies, horizon scanning, regulatory change implementation, and breach and incident remediation within the EMEA Regional Compliance Function.

What kind of experience is required for this position?

The position requires 3 to 6 years of experience working in Compliance, preferably within the insurance industry, especially in non-life sectors, at a consultancy or regulator.

What specific responsibilities will the Compliance Policy Officer have?

The Compliance Policy Officer will be responsible for developing and reviewing policies, conducting rules mapping exercises, leading the rollout of new policies, conducting horizon scanning for regulatory developments, carrying out impact assessments, and maintaining key Compliance frameworks across the region.

Is knowledge of UK and EU regulation necessary for this role?

Yes, a good foundation of technical knowledge of UK and EU regulations is necessary, as the role involves analyzing and advising on these regulations.

Will the Compliance Policy Officer need to interact with other teams and stakeholders?

Yes, the Compliance Policy Officer will need to work collaboratively with local compliance teams across the region and coordinate with various stakeholders in different countries.

What skills are important for a successful Compliance Policy Officer?

Important skills include excellent written and verbal communication, strong organizational skills, the ability to manage competing priorities, and comfort in dealing with senior managers.

Are there language requirements for this position?

While not mandatory, proficiency in other European languages, particularly French, is considered a bonus for this position.

What kind of training or support will be provided for new policies?

The Compliance Policy Officer will lead the rollout of new and updated policies and guidelines, which includes providing communications and training to ensure compliance throughout the organization.

How often will the policies and procedures be reviewed?

The policies and procedures will be regularly reviewed to ensure they remain compliant with current legislation, regulation, and codes of practice.

What are the expectations regarding the handling of breaches and incidents?

The Compliance Policy Officer is expected to support the maintenance of the breaches and incidents framework, ensure records are up-to-date, and escalate matters of concern appropriately while providing regular management information.

The world's largest publicly traded property and casualty insurance company

Finance
Industry
10,001+
Employees
1882
Founded Year

Mission & Purpose

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs 31,000 people worldwide.