Compliance & Privacy Officer

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:

• Department: Compliance & Risk
• Reporting to: Compliance Manager