You will need to login before you can apply for a job.
Sector: Insurance | Role: Senior Executive | Contract Type: Permanent | Hours: Full Time
At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity are key drivers for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We are committed to building a strong and inclusive culture where everyone is welcomed and valued for their own expression of self-identity.
About us
MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance, operating in the Lloyd's of London market and via a global network of service companies.
Our group of companies provides solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit, and Property, among others. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create, and build - enabling people and businesses to thrive.
Senior Conduct Risk Analyst
Sitting within Compliance, you will support the Conduct Risk Team to enable MRSG entities to demonstrate compliance with the FCA, Lloyd's, LIC, and other relevant regulatory requirements.
Responsibilities
* Proactively support the development and implementation of the Consumer Duty and product governance processes across all MRSG entities.
* Contribute to product governance processes by carrying out product reviews and fair value assessments, including reviews of associated customer communications and services.
* Support the continuous development and maintenance of the product catalogue for MRSG regulated entities.
* Oversee the product catalogue and product risk calculator to ensure timely and compliant completion of product reviews and fair value assessments.
* Support Delegated Authority oversight processes ensuring that conduct risks are appropriately identified and mitigated.
* Collate and review conduct MI to identify any actual or potential customer harm/poor outcomes.
* Support governance reporting by drafting regular Conduct Risk updates for key conduct oversight committees.
* Advise the business on the interpretation and practical application of conduct risk policies and procedures.
* Carry out horizon scanning to identify new/changing regulatory requirements.
* Provide advisory and oversight support on business projects and initiatives as required.
* Draft and support the delivery of training on Consumer Duty/conduct risk topics for relevant employees.
* Support the Conduct Risk team in the ongoing development and maintenance of the Consumer Duty/Conduct Risk Framework.
* Assist the business with conduct risk related queries.
* Help drive forward good Conduct for the business to deliver the best outcomes for customers/policyholders.
* Understand all appropriate lines of escalation and responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo, and Board for Conduct Risk.
Knowledge and Skills
* FCA/Conduct risk and Consumer Duty knowledge and experience.
* Lloyd's market knowledge.
* Effective communication skills at all levels.
* Ability to identify regulatory and compliance requirements and implement them in the business.
* Proactive, personable approach with the ability to build relationships to implement change.
Your career with us
At MRSG, you'll find the flexibility, development, and support you need to excel in your career, combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance.
Diversity & Inclusion
Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy.
Push Boundaries. With us. | Munich Re #J-18808-Ljbffr