Compliance and Risk Management Executive
About the company:
Steamship Mutual is a P&I insurance company, with some 240 employees worldwide. The main office is based near Liverpool Street station, London. We have offices in Bermuda, Brazil, Cyprus, Greece, Hong Kong, Japan, and Singapore.
Overall Job Purpose:
To support the department’s Compliance and Risk Management activities across all jurisdictions, providing technical, professional, and organisational support to the team.
Requirements
Monitoring- Lead certain monitoring reviews and support on others including assisting the Head of Compliance with engagement and research.
- Oversee outstanding recommendations from reviews, following up where necessary.
- Provide input to the annual Compliance Monitoring Plan.
- Produce reports in good time for all relevant committee meetings.
- Conduct regular horizon scanning via websites, emails, circulars, and other correspondence issued by Steamship’s regulators across the globe, sharing results with the Head of Compliance and/or other parties as appropriate.
- Summarise regulatory developments to share with team members, other staff and/or with the Compliance Committee where relevant or when requested by the Head of Compliance.
- Support compliance with the Senior Managers and Certification Regime including CONNECT submissions, statements of responsibilities and responsibility maps.
- Assist with general regulatory enquiries including the completion of surveys and waivers.
- Attend meetings with regulators, taking notes or minutes as appropriate, ensuring actions are tracked to completion.
- Assemble papers for Compliance Committee meetings, liaising with colleagues across Steamship’s offices.
- Arrange Compliance Committee preparatory meetings, ensuring attendees are available.
- Attend Compliance Committee meetings, presenting updates and capturing action points.
- Maintain the Compliance Calendar, following up on items occurring between meetings.
- Assist in the administration of Steamship’s Risk Register.
- Follow up on Risk Control Attestations, Risk Events and actions arising from the Risk Management Operations Committee (“RMOC”).
- Attend Risk Review meetings, making notes and following up with Risk owners regarding changes to their Risks and/or controls.
- Produce reports/report summaries for Risk Management and to management committees as required.
- Assist with assembling papers for the RMOC including the Risk Register, Risk Event Reports, and other papers as appropriate.
- Produce an overview of policy changes ahead of each applicable Board meeting.
- Provide other administrative support to the Chief Risk Officer as and when required.
- Maintain awareness of new regulations and their likely impact on a P&I Club.
- Any other ad-hoc duties within the capabilities of the postholder that are relevant to the job and reasonably requested by the Head of Compliance or Chief Risk Officer.
Person Specification:
- Experience gained within a financial services or law firm.
- Strong analytical skills, able to convey complex information in a clear and concise manner.
- Highly organised, capable of using initiative, prioritising workload according to team expectations, and preparing in advance.
- Excellent communication skills (written and spoken), able to collaborate with internal stakeholders at all levels.
- Appreciation of the need to align regulatory standards with commercial considerations.
- Adept in the extraction of relevant data from search engines, regulatory websites, and other data sources.
- Working knowledge of Microsoft programmes: Outlook, Teams, SharePoint, Word, Excel, and PowerPoint.
Benefits
Join Us at Steamship Mutual- Become part of our collaborative, supportive, and friendly working environment, where you can enjoy a rewarding career with opportunities to enhance your existing skills and knowledge. We prioritise a healthy work-life balance and offer a competitive hybrid working policy.
- Our clear and transparent career pathways provide continuous support for skill enhancement and create opportunities for professional development. Additionally, we offer access to the Protection & Indemnity Qualification, created by the International Group of P&I Clubs.
- Our attractive benefits package includes private healthcare and a competitive wellbeing subsidy.
Company Values
Mutuality ensuring fairness amongst Club Members
Integrity upholding high ethical, legal, and regulatory standards
Safety and Sustainability contributing to safety of life at sea and the preservation of the environment
Transparency building strong relationships based on trust and open communication
Excellence enabling our people to realise their full potential as team members, industry experts, leaders, and managers
Collaborative embracing flexibility, diversity, and inclusivity
**Steamship Insurance Management Services Ltd is committed to providing a great service to all our members. We pride ourselves on offering a people-centred culture that provides mutual respect and support for all our staff and we welcome and encourage you to apply**