Compliance Officer (Malta)

Job Description

Lockton in Malta are actively seeking an experienced Compliance Officer to join the team on a 12m FTC to cover a maternity leaver. This role requires an experienced insurance compliance individual to join a busy compliance function.

• Review of relevant rules and regulations ensuring adherence to requirements and active monitoring of changes in the compliance and regulatory landscape, and the preparation and circulation of informative papers to management and Board
• Liaison and co-ordination with the business for the preparation and review of submissions to regulatory bodies
• Liason with MFSA and other regulatory bodies on ongoing matters and notification requirements.
• Review and adherence to Corporate Governance;
• Review of licensing requirements;
• Management of Compliance Calendar and Compliance Monitoring Plan;
• Management of Outsourcing registers;
• Lead communication with regulatory bodies
• Management of Breach register
• Recording, management, and analysis of breaches, including follow-up necessary to rectify the position;
• Circulation of monthly Breach reports to management and UK Operation leader;
• Analysis of information and communication on actions required for management.
• Internal Audit - oversight and management of actions raised.
• Exception reports management – distribution and follow-up of the various reports.
• Quality Assurance (Placement and Claims)
• Selection of the files for review;
• Review of files and co-ordination with review support, provision of feedback including follow up necessary to close the file.
• Communication of findings to Management
• Analysis of findings and planning of actions necessary to address improvements required.
• Other ad hoc Compliance work and support on other projects

Qualification

• In depth understanding of compliance and risk regulations in Malta
• Prior experience of working in an Insurance Brokers or a Insurer
• Ability to work under pressure
• Good communication skills both written and verbal
• Happy to work independently and take responsibility