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Regulatory & Compliance Officer - Luxembourg


HR PARTNER


Location

Luxembourg | Germany


Job description

About the Company

Cowen RE is a fast-growing commercial Reinsurance company located in Luxembourg City. The Company currently has about 20 people and is looking to reinforce its Compliance & Legal department. The Reinsurance company is part of Toronto Dominion Bank (Canada). 

Main mission

Under the direct supervision of the Chief Compliance Officer, the Regulatory & Compliance Officer ensures that Cowen RE’s business processes adhere to all relevant legal and internal regulations and guidelines. Duties include internal control development and management.  

Main accountabilities


1.       Regulatory
- Contribute to the development and maintenance of an adequate governance framework compliant with the insurance and reinsurance regulations applicable in Luxembourg.
- Perform the regulatory watch and ensure that each manager is informed of the regulations applicable to his or her department. 
- In absence of the Corporate Secretariat, act as the backup to prepare and ensure a proper follow up of the Boards (from preparation to signature). 
- Ensure that contracts between the Company and third parties are compliant and complete. 

2.       Compliance
- Monitoring adherence to GDPR, AML /FT, KYC/CDD review regulations, KYC client, KYC BP 
- Acting as a back-up to the Chief Compliance Officer where necessary.
- Performing compliance monitoring and completeness, using internal tools.
- Reviewing and updating Compliance policies, procedures and process. 
- Coordination point with internal and external auditors

3.       Projects
- Takes part in projects to implement new regulations within the scope of compliance policies
- Contribute to the streamlining and optimization of the client acceptation and review (KYC/CDD review) process in near collaboration with underwriting and risk department via new innovating/IT solutions.

Requirements for the position

1)      Background and technical skills: 

- Master’s degree in law or a related field 

- 3-6 years proven experience in a compliance & internal control officer role, preferably in European non-life insurance market 
- Good knowledge of legal requirements, procedures and CSFF/CAA regulations
- Good command of World-Check database
- Technical skills in Legal / AML / GDPR / Internal control
- English is mandatory, French is a strong asset.

2)      Soft skills 

- Highly-analytical skills with strong attention to detail, able to build a transversal view

- Personal traits desired – IT savvy; data solution oriented; forward thinking; initiative taking; dynamic; striving for excellence; culturally aware
- Teamwork and communication skills are key, i.e. abilities to work with all departments of the company and give a hand when it’s necessary
- Able to summarize complex matters and report them to executive management and/or compliance group department.

What we offer

- Position in a growing team that is part of a larger International group
- Immediate entry, full-time, permanent contract with a probation period of 6 months
- Flexible working hours, home working
- Opportunity to grow and take initiatives within a small team

More details and complete job description on: (recruitment section).
If you are interested, please send your application (motivation letter & CV) exclusively to Natacha Beicht form HRPartner to be considered for this position. We respect the confidentiality of each application.


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