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Willis Towers Watson

Compliance Officer

Compliance Officer for Willis Towers Watson Management (Luxembourg) SA

The Willis Towers Watson Global Captive Practice employs over 200 people in 35 domiciles dedicated to the management of our clients’ captives as well as providing advice to both existing and prospective clients.

Willis Towers Watson Management (Luxembourg) SA provides insurance company management services to clients domiciled in Malta. 

The Role

Reporting to the Head of Office, this individual will have responsibility for compliance of the Management Company and all clients under management. Specifically,

  • Support the client servicing teams in the delivery of services to insurance and reinsurance companies under management, ensuring that those client companies remain compliant with applicable regulations and legislation
  • Act as the named Compliance Officer for the Management Company and some of the clients under management as approved by MFSA, including for AML purposes as required
  • Advise the Management Company and clients under management on applicable laws, rules, regulations and codes of practice to ensure business is conducted in a compliant manner, providing insight on industry best practice, and benchmarking
  • Reporting to client company Boards on applicable regulation and legislation, and on the extent of their compliance with regulation and legislation
  • Support the Head of Office and wider Captive Practice Compliance team in the development, implementation and management of an appropriate risk-based compliance monitoring programme
  • Review and assess compliance breaches and remediation
  • Provide training in compliance matters as appropriate
  • Keep up to date with future compliance developments and be a source of advice and guidance on this and related issues to the Company, Clients and the wider Captive Practice
  • Continually review and adapt the compliance infrastructure in response to any changes in the compliance environment
  • Attend Client Board meetings and take minutes of such meetings
  • Be responsible for the submission of all statutory and regulatory submissions

Key Skills and Competencies

  • Third level degree and relevant qualifications
  • Minimum 3 to 5 years’ experience in a compliance role preferably in an insurance business
  • Ability to understand and interpret regulatory requirements.  Knowledge and experience of the local regulatory environment would be an advantage
  • Ability to communicate with colleagues and clients at all business levels, including Board Directors
  • Excellent organisation and time management skills with the ability to prioritise workload
  • Strong inter-personal and communication skills including ability to deliver information in a clear and concise manner
  • Ability to manage multiple simultaneous tasks in a high pressure, deadline-driven environment

Equal Opportunity Employer

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