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.