Codan Insurance is Denmark's third largest insurer and has nearly 340,000 Danish households and 50,000 small and large companies as clients. Codan Insurance is part of the Codan group, which owns the Swedish insurance company Trygg-Hansa. Codan Group is now 100% owned by UK insurance group RSA. This makes Codan part of one of the world's largest insurance companies with approx. 20 million clients and 24,000 employees.
With reference to the Head of Internal Control the purpose of this position is to ensure that Codan has arrangements in place to ensure effective compliance with FSA and local Regulatory requirements and Group policy. The position is based in Copenhagen and will be part of Internal Control which consists of 4 teams based in both Sweden and Denmark.
Responsibilities:
Contributing to the development and formulation of the Compliance strategy within Codan, in particular with reference to current Regulation and anticipated trends in Regulation in Denmark ensuring alignment with overall Group Risk position on RR&C.
You will develop, agree with Group RR&C and implement a regulatory Risk and Compliance strategy, framework and annual plan that will ensure Codan continues to meet the requirements of the Danish Regulator.
This will include:
• Identification and analysis of regulations (both existing and new) and their impact on the business
• Implementation of robust systems and controls to ensure ongoing compliance
• Specifying and ensuring appropriate levels of monitoring
• Ensure Board and senior management (are provided with sufficient information to enable them to identify, measure, manage and control risks of regulatory concern
• Take appropriate action to address and report non-compliance or misalignment
• Consistency with Group formats and standards
You will participate fully in relevant Group and local projects, to ensure that all regulatory risks are identified and addressed. As well as participate in RSA Insurance Group plc Compliance function's International Regulatory Compliance work.
You must manage and coordinate the relationship with the regulators, communicating and negotiating on behalf of the business as necessary in order to ensure:
• Correct and consistent representation of Codan's position
• The maintenance of good working relations and lines of communication
• The effective management and resolution of issues and/or disputes arising
• The Regulator's information requirements are met
• Smooth organisation of audit and inspection visits
• Senior management are made aware of the actual or potential impact of changes in regulation or other legislation on business
Building and managing relationships across the business in order to ensure/support:
• Embedding of compliance into all facets of the business
• Development and improvement of compliance capabilities within the business
• Development of new products and propositions that satisfy all relevant Regulatory requirements
You will provide expert advice and guidance on RR&C to local Risk teams and Risk Management Forum as required
Your profile:
Experienced Financial Services compliance specialist with 7-10 years' experience, management experience preferable.
Proven track record in practical application of compliance frameworks to real operational environments in an effective way that meets business needs and Regulatory requirements
In-depth knowledge of Danish Insurance Regulation and good working knowledge of the business marketplace would be an advantage but not a requirement.
Strong skills in:
• Relationship management (including Executive levels)
• Compliance process development and improvement
• Information and data analysis, management and presentation
• Communication (oral, written and presentation)
• Team leadership/people management
• Influencing
Application:
Codan cooperates with Hays Specialist Recruitment A/S in this recruitment. Please contact Senior Recruitment Consultant Maj-Britt Clayton on telephone +45 29 36 88 31 if you have any questions regarding the position.
Last application date:
27/11/2009.
How To Apply
Please upload your CV to the following URL for a fast response: http://www.haysresponse.dk/?ADV341021SSDK4
Reference: ADV341021SSDK4
Salary: Not specified
Job Type: Permanent
Closing Date: 27/11/2009
Company: Codan
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