Compliance Officer

Location Malta
Discipline: Compliance, Regulatory
Contact name: Francesca Buhagiar

Contact email: [email protected]
Job ref: 15079
Published: 3 months ago

Client is a well-established reinsurance company that specialises in risk management - currently seeking to recruit a Compliance Officer. The chosen candidate will act as Compliance Officer of the company and support the Chief Risk Officer in strengthening the risk management function. The chosen candidate will be responsible for areas related to compliance, frameworks and policies, governance and internal controls. The Compliance Officer will be integrated in the risk management function and will report to the Chief Risk Officer and the Board of Directors.


  • identification, assessment, monitoring and reporting of compliance risks through the execution of the compliance policy;
  • implementation of controls to ensure that the undertaking complies with the applicable laws and regulatory requirements (e.g. licensing requirements, reporting and disclosure requirements);
  • drawing up guidelines and procedures for the staff relating to compliance matters;
  • acting as the local contact person for the Group Data Protection Officer ensuring GDPR requirements are fulfilled;
  • enhancing staff awareness and ensuring continuous training of management and staff on compliance matters;
  • recording any incident that must be reported (to Board of Directors, to Regulators and/or the Group) and ensure that the undertaking fulfils the obligations as regards notification to third parties;
  • investigating and following up violations of the laws and regulations;
  • advising on new products, services and markets from a compliance point of view;
  • monitoring of projected revisions of legislation and plans to introduce new regulations and assess their potential impact on the undertaking and monitor the relevant court decisions;
  • supporting business owners in monitoring of third party service providers;
  • regular reporting to Board of Directors on compliance issues;
  • implementing group compliance requirements as necessary;
  • primary contact for management and employees for compliance matters;
  • implementation and maintenaince of risk and the internal control system;
  • promoting risk management principles and communicating and raising awareness of risk management;
  • review of large transactions (especially with respect to operational, legal and reputational risk)
  • University Degree or equivalent, ideally with a compliance and/or insurance focus
  • Experience in compliance and risk management tasks, ideally in the insurance industry;
  • Fluent business English and ability to communicate verbally and in writing with people at all levels;
  • Confidence and diplomacy to challenge peers and manage upwards;
  • Highly organised and precise approach to work;
  • Willingness to cope with a broad range of matters and be prepared to develop expertise beyond the current scope of knowledge.