Consultant – Risk & Compliance

A Leading Global Reinsurer is seeking a technical Consultant – Risk & Compliance to join its governance team. In this pivotal role, you will be responsible for identifying and mitigating regulatory and operational risks across the organization’s multi-geography footprint. Furthermore, you will ensure that all reinsurance treaties and business practices align with global compliance standards and local laws. Consequently, this position is vital for protecting the company’s reputation and ensuring its long-term financial stability.

The Consultant – Risk & Compliance must possess a thorough understanding of the regulatory landscape governing the reinsurance industry. Additionally, you will lead the implementation of risk monitoring tools and conduct internal audits to verify adherence to policies. Therefore, the reinsurer is looking for an analytical professional with a background in risk management or legal compliance. If you are an expert in global governance and ethical standards, this Consultant – Risk & Compliance role offers a premier professional opportunity.

Key Responsibilities

• Monitor and analyze global regulatory changes impacting the reinsurance sector.
• Conduct risk assessments for new business treaties and internal operational processes.
• Ensuring strict adherence to AML, KYC, and Sanctions compliance protocols.
• Lead internal reviews and audits to ensure compliance with global group policies.
• Liaise with external regulators and coordinate on statutory reporting requirements.
• Develop and maintain the risk register and provide regular updates to the Risk Committee.
• Provide technical training to business teams on compliance and ethical conduct.
• Manage the reporting of incidents and coordinate on remediation and corrective actions.
• Review commercial contracts and reinsurance agreements from a risk perspective.
• Implement automated compliance monitoring systems and data analytics tools.

Requirements and Qualifications

• Degree in Law, Finance, or Risk Management (Professional certification like CAMS or CRM preferred).
• 5 to 8 years of experience in Risk or Compliance within a global BFSI organization.
• Deep understanding of the global regulatory environment for reinsurance.
• Strong analytical skills and the ability to work independently on complex assignments.
• Excellent communication skills for stakeholder management across various regions.