Compliance & Privacy Officer

Reference Number: SM210

Job Type

Full Time

Availability

Permanent

Compliance & Privacy Officer

Are you passionate about regulatory compliance and data protection within the insurance industry? We are seeking a proactive and detail-oriented individual to join our client’s team as a Compliance and Privacy Officer, working closely with the Head of Compliance & Risk Insurance.

Job Role:

As a Compliance & Privacy Officer, you will be responsible for maintaining and enhancing the company’s adherence to regulatory requirements and privacy standards. Your role will encompass a wide range of duties aimed at ensuring the organisation operates ethically and in accordance with relevant laws and regulations

Responsibilities:

Ensure Regulatory Compliance: Support adherence to Insurance and Insurance Distribution regulations, assisting in maintaining license conditions.
IDD Regulation Compliance: Assist in ensuring compliance with the Insurance Distribution Directive (IDD) regulations.
Regulatory Watch: Conduct systematic monitoring of regulatory developments both locally and internationally to ensure timely compliance updates.
General Good Provisions Analysis: Analyse and assist in ensuring compliance with General Good Provisions.
Policy and Procedure Management: Assist in establishing, updating, and ensuring adherence to company policies and procedures across all entities.
Reporting Support: Aid the Head of Compliance in preparing reports for the Board of Directors, Compliance Committee, and Group Reporting matters.
Regulatory Correspondence: Assist with correspondence with the Malta Financial Services Authority (MFSA), regulatory reporting, visits, and recommendations.
AML Compliance: Support compliance with Anti-Money Laundering (AML) regulations by conducting checks and regular reporting as required.
GDPR Compliance: Assist the Data Protection Officer in ensuring compliance with the General Data Protection Regulation (GDPR), including handling data protection requests and agreements.
Data Protection Management: Assist in maintaining the data processing register, reviewing Data Protection procedures, and conducting Data Protection Impact Assessments (DPIAs).
Privacy by Design: Support the implementation of Privacy by Design principles for new projects and initiatives.

Requirements:

Background in legal, compliance, or insurance studies preferred.
Familiarity with Insurance and Insurance Distribution regulations, GDPR, and AML regulations.
Strong organisational skills with attention to detail.
Excellent communication skills, both verbal and written.
Ability to work collaboratively within a team.
Proficiency in English required; knowledge of another European language is advantageous.

Additional Info: