(AVP) Risk & Compliance Manager - Captive Insurance, Bermuda

AVP - Risk & Compliance Executive (Aon Insurance Managers (Bermuda) Ltd. Aon Insurance Managers (Bermuda) Ltd. is seeking an experienced (AVP) Risk and Compliance Executive to join them to support the Chief Compliance Officer and provide our licensed insurance manager, broking, agent, and insurance entities with compliance, governance, and risk frameworks that meet Aon group requirements, and ensure all entities meet all legal and regulatory requirements Aon is in the business of better decisions At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed. What the day will look like Ensures the Aon entities in Bermuda follow all applicable laws and regulations, with particular focus on the Insurance Act 1978, Proceeds of Crime Act 1997, Privacy Laws, and applicable codes of conduct and Guidance Notes. In addition, assesses the impact of any new or changes to existing legislation and applies the appropriate course of action. Prepares and has oversight of key compliance policies and procedures, including but not limited to, governance manual, risk management framework, financial crimes, trade sanctions, compliance policy and compliance assurance plans. Implements, tests and monitors system of key compliance controls, including the application of compliance measure of internal policies and procedures. Drafts and presents in person, data, implemented action and results to the Board of Directors and Committee for Aon Bermuda entities. Facilitates and conducts staff training on regulatory compliance subject matters. Responsible for the coordination and remediation of any regulatory and internal audit reviews including AML/ATF and Prudential. Skills and experience that will lead to success Legal degree, accounting qualification (ACA, CPA, etc.) or other equivalent professional regulatory qualification is required at minimum. Certified Anti Money Laundering Specialist or equivalent internationally recognized qualification is required at minimum. Proven, relevant experience operating in a large global organization; preferably in the (re)insurance industry and/or with the regulator and with insurance management, broking, and managing agents. Demonstrative experience implementing risk and control frameworks. Strong understanding and experience working within the Insurance Act; Insurance Brokers and Agents Code of Conduct; and Insurance Code of Conduct is preferable. Strong digital literacy with Microsoft Office Software, with good proficiency in Excel, Word, and PowerPoint. How we support our colleagues In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working! Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued. Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal-opportunity workplace. Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, and interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com #LI-KG1 Disclaimer: As per Immigration Law, first preference will be given to suitable Bermudians, Spouses of Bermudians, or PRC holders. Applications must include a detailed resume with references. Only applicants short-listed for interview will be contacted. Apply through jobs.aon.com (ref 2545847) Closing Date: June 30, 2024 P.O. Box HM 2450, Hamilton HMJX | 441-295-2220 2545847AVP - Risk & Compliance Executive (Aon Insurance Managers (Bermuda) Ltd. Aon Insurance Managers (Bermuda) Ltd. is seeking an experienced (AVP) Risk and Compliance Executive to join them to support the Chief Compliance Officer and provide our licensed insurance manager, broking, agent, and insurance entities with compliance, governance, and risk frameworks that meet Aon group requirements, and ensure all entities meet all legal and regulatory requirements Aon is in the business of better decisions At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed. What the day will look like Ensures the Aon entities in Bermuda follow all applicable laws and regulations, with particular focus on the Insurance Act 1978, Proceeds of Crime Act 1997, Privacy Laws, and applicable codes of conduct and Guidance Notes. In addition, assesses the impact of any new or changes to existing legislation and applies the appropriate course of action. Prepares and has oversight of key compliance policies and procedures, including but not limited to, governance manual, risk management framework, financial crimes, trade sanctions, compliance policy and compliance assurance plans. Implements, tests and monitors system of key compliance controls, including the application of compliance measure of internal policies and procedures. Drafts and presents in person, data, implemented action and results to the Board of Directors and Committee for Aon Bermuda entities. Facilitates and conducts staff training on regulatory compliance subject matters. Responsible for the coordination and remediation of any regulatory and internal audit reviews including AML/ATF and Prudential. Skills and experience that will lead to success Legal degree, accounting qualification (ACA, CPA, etc.) or other equivalent professional regulatory qualification is required at minimum. Certified Anti Money Laundering Specialist or equivalent internationally recognized qualification is required at minimum. Proven, relevant experience operating in a large global organization; preferably in the (re)insurance industry and/or with the regulator and with insurance management, broking, and managing agents. Demonstrative experience implementing risk and control frameworks. Strong understanding and experience working within the Insurance Act; Insurance Brokers and Agents Code of Conduct; and Insurance Code of Conduct is preferable. Strong digital literacy with Microsoft Office Software, with good proficiency in Excel, Word, and PowerPoint. How we support our colleagues In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working! Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued. Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal-opportunity workplace. Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, and interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com #LI-KG1 Disclaimer: As per Immigration Law, first preference will be given to suitable Bermudians, Spouses of Bermudians, or PRC holders. Applications must include a detailed resume with references. Only applicants short-listed for interview will be contacted. Apply through jobs.aon.com (ref 2545847) Closing Date: June 30, 2024 P.O. Box HM 2450, Hamilton HMJX | 441-295-2220