Senior Manager - Risk & Compliance

Senior Manager – Risk & Compliance (Captive Insurance), Malta

Aon Insurance Managers in Malta is seeking a Senior Risk & Compliance to join their team. The Senior Risk and Compliance Manager has the primary responsibility of acting as the official within Aon Malta regulated entities to ensure that the entities align with all the laws under which the entities operate as well as ensuring that Risk Management is conducted in a structured, systematic, and continuous manner. This role also entails acting as Money Laundering Reporting Officer for the Aon Malta entities. In addition, this role entails providing Compliance and Risk Management oversight and support to other domiciles within the same Hub, ensuring consistency of standards and practices across jurisdictions.

This is a hybrid role with the flexibility to work both virtually in Malta and from our Birkirkara office

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 team and we are passionate about helping our colleagues and clients succeed.

What the day will look like

• Holding the role of Compliance Officer for Aon Malta entities and its managed clients

• Ensuring compliance with the Insurance Legislation and Regulations, with guidelines issued by the MFSA and with other applicable legislation

• Using initiative, knowledge, and collaboration with the client teams to advise & support on a wide range of Compliance and regulatory matters

• Reporting to the Board on all compliance and regulatory matters

• Liaising with the MFSA on all regulatory related matters

• Drawing up and implementing a compliance plan to ensure corporate compliance with all applicable regulations

• Oversee the preparation of quarterly and annual regulatory reporting submissions

• Liaising with global clients and other service providers including actuaries, internal and external auditors, and risk consultant

• Reviewing procedures and systems on a planned basis from the viewpoint of effective compliance and advising as to steps necessary to ensure compliance

• Coordinating the development and ongoing maintenance of risk policies and procedures

• Monitoring and maintaining the system of governance and internal controls

• Developing risk management strategies

• Act as Risk Management Function and be responsible for the risk management framework including risk register and ORSA

• Acting as the Money Laundering Reporting Officer and ensuring staff are trained and informed of the necessary anti-money laundering regulation and procedures.

• Providing oversight of, and support to, Compliance and Risk Management activities undertaken in other domiciles within the Hub, including helping to align local frameworks with Hub standards and escalating material issues as appropriate

• Supporting colleagues in other Hub domiciles on compliance and risk management tasks, projects, and regulatory change initiatives

• Reviewing staff training processes to ensure appropriate compliance competencies

• Conducting compliance risk assessment training workshops

• Advising internal management and clients on the implementation of compliance programs

• Work with Group Compliance team to ensure Group policies are adhered to across Malta and other domiciles within the Hub

• Following up on compliance issues that require investigation.

Skills and experience that will lead to success

• Be professionally qualified in Accountancy, Law, or Insurance.

• Have a proven understanding of EU legislation, Malta legislation, and the regulatory environment which governs our clients.

• Strong understanding of the Solvency II regime.

• Have proven managerial experience, ideally with a compliance, finance, or insurance background.

• Have completed, Compliance Training and other relevant training courses.

• Have been approved for similar roles by the Malta Financial Services Authority or have held similar positions in a regulated entity.

• Experience working across multiple jurisdictions or in a Hub/regional role would be considered an asset

• Excellent command of English, with strong working proficiency in French or German (both written and spoken)

How we support our colleagues

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile 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 for our colleagues as well. 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 and inclusive 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 are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing us at ReasonableAccommodations@Aon.com or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.

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