This is a great opportunity to join a leading insurance carrier.
The Risk and Compliance Analyst plays a vital role in supporting the operational efficiency and effectiveness of Risk and Compliance processes within the organization. The R and C Analyst provides administrative support, analyzes data, conducts compliance monitoring and testing, prepares reports, conducts, and analyzes sanctions screening including the upload of data to the Risk Screen system and the clearance of alerts generated and various other tasks to assist in ensuring organization compliance with legal and regulatory requirements.
Company Profile
Our client is the leading specialty insurance carrier serving emerging industries, including digital assets & Web3, AI, the space economy, fintech, and beyond. They provide more than just risk protection; they make innovation resilient.
Based in Bermuda, our client is the first IIGB (Innovative Insurer General Business) insurer regulated by the Bermuda Monetary Authority (“BMA”). They work with forward-thinking entrepreneurs and innovative companies that are pioneering new horizons in technology, digital assets, AI, and the cannabis/alternative medicine spaces. They understand how challenging it can be to get coverage for emerging sectors, which is why their proposition to the marketplace is so critical: New Risks, Understood.
This presents an exceptional career opportunity for individuals seeking to join a rapidly expanding company and an innovative, forward-thinking organization known for its collaborative environment.
Overall duties and responsibilities:
- Compliance teams, including maintaining records, scheduling meetings, handling correspondence, and managing documentation.
- Data Analysis: Collect, analyze, and interpret data related to operational risk, laws, regulations, guidance notes, policies and procedures.
- Customer Service: Provide support to Risk and Compliance Heads of
- Departments by responding to inquiries, resolving issues, and addressing concerns raised by other employees.
- Compliance Monitoring: Assist in monitoring compliance with regulatory requirements, company policies, and industry standards related to insurance operations. Help ensure adherence to legal and regulatory obligations.
- Compliance Testing: Assist in periodic review and testing of internal controls to assess the adequacy and effectiveness of controls and identify potential deficiencies.
- Sanctions Screening: Conduct ad hoc screening of new employees, agents, vendors and policy holders, review and analyze alerts generated from screenings conducted and manage the RiskScreen batch list upload process to ensure that the data remains current, and alerts generated are reviewed and processed.
- Policies and Procedures: Assist in the drafting and update of internal policies and procedures required to ensure compliance with legal and regulatory requirements.
- Reporting: Generate regular reports and dashboards to track key performance indicators (KPIs), operational metrics, and trends identified through compliance monitoring and testing.
- Assist in the preparation of reports for Audit Committee and Board Meetings.
- Bachelor’s degree in business administration, accounting, or other relevant area of study.
- Minimum of 2 years of experience in a similar analytical/control related role preferred.
- Advanced skills across all Microsoft Office applications and proficiency in performing accurate mathematical calculations.
Advantageous:
- Advanced data analytics skills (SQL, Power BI, Microsoft Excel) to extract meaningful insights from complex datasets and enhance reporting capabilities is a huge plus.
Behavioral Competencies
- Exceptional organizational and time management skills
- Analytical thinker with sound judgment and creative decision-making skills
- Collaborative team player who engages effectively with internal and external stakeholders.
- Superb project management skills, allowing you to lead initiatives with confidence and drive successful outcomes.
- Self-motivated and ownership mindset, enabling you to handle multiple, often competing, priorities.
- Exceptional attention to detail and commitment to delivering excellence in your work.
- Availability to work outside of core hours and willingness to travel overseas, as required, reflecting your dedication to meeting business needs.
Job type: Permanent
Emp type: Full-time / Direct Employment
Schedule: Monday – Friday,
Location: Work-From-Home, 8PM-5AM (Manila Time)
Industry: Insurance
