Morgan McKinley is partnering exclusively with a Global Insurance Provider who uphold an excellent reputation in Australia. The client is looking for an experienced 2LOD Senior Compliance Analyst to join their North Sydney team and report directly to the Chief Compliance Officer for Australia and New Zealand.
In this role, you will work closely with the CCO to develop, implement and monitor the compliance frameworks for both Australia and New Zealand, ensuring that it is aligned to industry, company and regulatory standards. You will provide advice to the business and key stakeholders on regulatory changes and obligations, partner with 1LOD colleagues to provide training, awareness and collaboration and liaise with third parties to onboard them, conduct CDD reviews and risk assessments.
Alongside the stakeholder engagement, you will also play a hands-on role in conducting ongoing compliance monitoring and Compliance Assurance Reviews, identify and investigate incidents and breaches, assist with sanctions screenings and create insightful reports on compliance activities to be presented to the various Risk Committees and the Board.
This company values career progression and will provide a clear pathway for you to succeed and grow internally. This role was created due to the current employee relocating abroad.
Responsibilities:
- Compliance Program Development - Participate in creating, implementing, and monitoring the Compliance Program, focusing on fostering a proactive compliance culture within the organisation.
- Compliance Training and Communication - Develop and deliver high-quality compliance training and communications programs to improve understanding, awareness, and accountability for compliance risks among stakeholders and third parties.
- Compliance Assurance and Monitoring - Conduct targeted reviews (e.g., Compliance Assurance Reviews, call and claims monitoring) and ensure adherence to monthly compliance activities.
- Incident and Breach Management - Identify, investigate, and manage incidents and breaches of relevant laws, regulations, or obligations, working with the business to enhance processes and strengthen controls.
- Reporting and Regulatory Support - Compile compliance activity reports for senior committees, support regulatory change impact analysis, and collaborate with other risk management teams to maintain a robust Three Lines of Defence model.
Skills & Experience:
- A minimum of 5 years experience working in a Compliance and Risk role, ideally within the Insurance space.
- A degree in law is essential as you will be dealing with complex cases and need to be able to interpret regulations and legislations.
- Knowledge of relevant legislation and laws across Australia and New Zealand such as AFCA, RG 271, Fair Insurance Code and the General Insurance Code of Practice.
- Excellent communication skills with the confidence to speak with authority and be comfortable making independent decisions.
- Results driven with the ability to proactively address a situation, identify opportunities and work to deadlines.
In return, you will join a high performing organisation where you'll partner with the CCO to provide integral compliance frameworks and monitoring to the business. With opportunities for continuous learning and professional growth, a flexible hybrid working model and a collaborative, supportive team environment.
To apply for this role, please click the link otherwise please reach out Hannah Sykes.
