Opportunities

ACE Group is one of the world’s largest multiline property and casualty insurers. 

With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. 

The company is distinguished by its broad product and service capabilities, exceptional financial strength, underwriting and claims handling expertise and local operations globally. 

The insurance companies of ACE Group serve multinational corporations and local businesses with property and casualty insurance and services; companies and affinity groups providing or offering accident and health insurance programs and life insurance to their employees or members; insurers managing exposures with reinsurance coverage; and individuals purchasing life, personal accident, supplemental health, homeowners, automobile and other specialty insurance coverage. 

With more than $94 billion in assets and nearly $23 billion of gross written premiums in 2013, ACE’s core operating insurance companies maintain financial strength ratings of AA from Standard & Poor’s and A++ (Superior) from A.M. Best. 

ACE in the UK&I 

With over 1,300 employees in 12 office, ACE has a strong presence in the UK & Ireland. We operate a highly customer-centric business model, including a robust relationship management structure for key accounts and claims and 20 dedicated business relationship managers.  

Role Purpose

The main purpose of the role is to provide day to day compliance advice and support to the AEG business.  Compliance advice can take many forms including reactive activities such as the review and approval of materials (financial promotions, product literature, due diligence, etc.); the provision of general and technical compliance advice and remediation support.  Compliance advice may also be proactive, for example through the development and delivery of training, providing guidance on key themes and issues identified by Compliance Oversight or through the identification and impact analysis of regulatory developments.

Key Responsibilities

1. Maintain an excellent technical knowledge of relevant regulations, keeping up to speed with new developments and the latest regulatory position.  Share this knowledge across the team.  Provide guidance to the AEG business in understanding evolving regulations to ensure that they adapt / comply.  This will involve assessing the impact on AEG of regulatory developments. 

2. Undertake a critical assessment of documents submitted to Compliance, and approval of these where required under the Compliance Department’s procedures.  Provide guidance and instructions on matters referred to Compliance, including in relation to Compliance related policies and the Code of Conduct.  Liaise with Legal or SMEs within the team as necessary.

3. Provide proactive advice on key compliance themes and issues, including those identified by Compliance Oversight.

4. Develop and maintain effective working relationships with key stakeholders within the AEG business.  Attend key business meetings.  Be responsive, working to the department’s service level agreements.  Where necessary, negotiate and influence to ensure compliance.

5. Adhere to departmental policies and procedures, particularly those relating to advice, record retention of advice and training given, etc. Work within the framework of ACE ethical and service standards.

6. Provide classroom based training and participate in the development and maintenance of the suite of standard online training modules. . 

7. Contribute to the maintenance of team procedures, the Compliance Manual and their communication to the AEG business.

8. Escalate issues, seek support / guidance and report as necessary to the Senior Compliance Advice Manager.

9. Carry out ad hoc work as directed by the Senior Compliance Advice Manager and Head of Compliance EMEA.  This may include managing supervisory relationships.

• Regulatory Reporting
Maintenance of gifts and entertainment and breaches and incident logs.

Qualifications

• University Degree (desirable)
• Working to or attained CERT CII/CII
• Experience of insurance industry is very important.

Experience

The candidate should have a strong knowledge of the insurance industry, ideally P&C.  They must also have a good understanding of the UK regulatory environment.  Some knowledge and experience of other regulatory environments in Europe, the Middle East or Africa would be helpful. 

The candidate should have the ability to work within a team.  They should be adept at managing competing priorities with excellent time management and organisation skills.  The candidate should also have strong inter-personnel skills and be skilled at communicating compliance and regulatory issues to key stakeholders, both verbally and in writing.