RecruitGibraltar are searching for a Risk and Compliance Administrator for a leading insurance company in Gibraltar who has a great track record of training and promoting bright, switched on, talented employees for financial and professional progression. They are looking for someone who can ensure that the Company meets its Compliance, Risk Management and regulatory requirements by providing support to the Risk Oversight Officer and Compliance Function, which includes providing support to other departments of the business.
What will you do as a Risk and Compliance Administrator?
Due Diligence Provide support to the on boarding process and ongoing due diligence conducted on business partners, including KYC.
Internal Standards Produce and maintain framework of internal standards. This includes setting KPIs and reporting.
CPD Ensure that all staff meet CPD and training requirements. Liaise with HR.
Advising Staff Provide guidance on risk and compliance matters to other members of staff, specifically GDPR and AML.
Compliance Registers Populate and keep updated all compliance logs and registers.
Compliance policy documentation Assist in the review and updating of internal company policies. This includes making changes where governance requirements change.
Version Control Take responsibility for version control of documents, ensuring that all comments and amendments are tracked and incorporated. This includes issuing and collating to the relevant individuals, committees, external parties and the Board.
Compliance diary Maintain an up-to-date compliance diary identifying key periodic review dates and owners.
Project management Issue tasks to relevant individuals, track progress, and report on project status. Ensure delivery of tasks by following up and sending chasers.
Matrix - Ensure all company documents, such as Policy Wordings, Contracts/ TOBAs, processes and procedures are included within the documents log/ matrix and reviewed accordingly.
Assistance in production and proofing of letters, reports, and returns.
Policy Documentation Developing and assisting in the development and review of policies and procedures. Ensure scheduled reviews are carried out and log updated.
Risk Registers Maintenance of the risk register, heatmap, and risk tolerances, ensuring the data is adequate for monthly review by Senior Management.
Risk Breaches Provide support in identifying, managing, and reporting on any risk breaches.
Regulatory reports Assist in the production and submission of regulatory reports
What do you know that makes you a great Risk and Compliance Administrator?
Previous compliance experience
Insurance knowledge preferred
Strong organisational skills and ability to successfully manage multiple tasks proactively
Good interpersonal skills and ability to work within a team
Excellent written and verbal command
Ability to prioritise and meet deadlines
Ability to work independently and proactively
Strong IT skills and proficiency in Excel.
Salary £20k - 30k based on experience with benefits package.