Risk & Compliance Executive – Captive Management, Malta

Aon’s Captive Management team in Malta are seeking an experienced compliance professional to join their dynamic team.

The Risk & Compliance Executive will support the Risk & Compliance Team in fulfilling internal control and compliance, risk management, and anti-money laundering functions within Aon Insurance Managers (Malta) PCC Limited, as well as supporting the Risk and Compliance Team in relation to the portfolio of Insurance and Reinsurance clients under the management of Aon Insurance Managers (Malta) PCC Limited (“AIMM’).

Aon is in the business of better decisions!

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

What the day will look like

• Assisting the Risk and Compliance team with all compliance and risk management reporting required for board meetings, including but not limited to regulatory updates, updating of the risk register, and other reporting Review of internal policies and guidelines.

• Performing sample testing on internal controls as required.

• Monitor regulatory deadlines and follow up with the rest of the AIMM to ensure compliance with applicable regulations, and guidelines issued by the MFSA/ other regulators.

• Drafting and reviewing procedures and systems on a planned basis from the viewpoint of effective compliance and advising as to steps necessary to ensure compliance.

• Carrying out Fit and Proper Assessments by initiating the process, following up upon outstanding responses, and collating the results for presentation to board members.

• Maintaining compliance records that are up-to-date and easily accessible.

• Maintaining oversight of the periodical Insurance Premium tax reporting with various jurisdictions

• Liaising with the appointed Company Secretary for all corporate-related documentation for submission to the Malta Business Registry and for all corporate aspects required to be maintained in terms of company law.

• Supporting the Risk and Compliance Team with the implementation of any new policies or procedures required, as a result of new regulatory requirements.

• Providing support with KYC/ due diligence

• Preparing annual regulatory reporting such as SFCR, RSR, and ORSA and monitoring the submissions of the quarterly reporting through the insurance/finance compliance checklists.

• Supporting with submissions to the MFSA and other regulators

• Management of passport rights into other EU/EEA countries under freedom of services

• On an ad-hoc basis support the Risk & Compliance Team in compiling information requested by Internal auditors or Supervisory bodies and assist the team with follow up recommendations

• Supporting AML related reporting.

Skills and experience that will lead to success

• Qualified in either Financial Services, Risk Management, Insurance, or Law – Essential

• Have a proven understanding of EU and Malta insurance regulatory environment – Essential.

• Hands-on experience of the Solvency II regime in particular risk management – Essential

• Proven background within a compliance or insurance background – Desired

• Has completed or a willingness to complete compliance and risk management certifications.

• Holds the correct RTW permit for Malta.

How we support our colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com

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2544478

Risk & Compliance Executive – Captive Management, Malta

Aon’s Captive Management team in Malta are seeking an experienced compliance professional to join their dynamic team.

The Risk & Compliance Executive will support the Risk & Compliance Team in fulfilling internal control and compliance, risk management, and anti-money laundering functions within Aon Insurance Managers (Malta) PCC Limited, as well as supporting the Risk and Compliance Team in relation to the portfolio of Insurance and Reinsurance clients under the management of Aon Insurance Managers (Malta) PCC Limited (“AIMM’).

Aon is in the business of better decisions!

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

What the day will look like

• Assisting the Risk and Compliance team with all compliance and risk management reporting required for board meetings, including but not limited to regulatory updates, updating of the risk register, and other reporting Review of internal policies and guidelines.

• Performing sample testing on internal controls as required.

• Monitor regulatory deadlines and follow up with the rest of the AIMM to ensure compliance with applicable regulations, and guidelines issued by the MFSA/ other regulators.

• Drafting and reviewing procedures and systems on a planned basis from the viewpoint of effective compliance and advising as to steps necessary to ensure compliance.

• Carrying out Fit and Proper Assessments by initiating the process, following up upon outstanding responses, and collating the results for presentation to board members.

• Maintaining compliance records that are up-to-date and easily accessible.

• Maintaining oversight of the periodical Insurance Premium tax reporting with various jurisdictions

• Liaising with the appointed Company Secretary for all corporate-related documentation for submission to the Malta Business Registry and for all corporate aspects required to be maintained in terms of company law.

• Supporting the Risk and Compliance Team with the implementation of any new policies or procedures required, as a result of new regulatory requirements.

• Providing support with KYC/ due diligence

• Preparing annual regulatory reporting such as SFCR, RSR, and ORSA and monitoring the submissions of the quarterly reporting through the insurance/finance compliance checklists.

• Supporting with submissions to the MFSA and other regulators

• Management of passport rights into other EU/EEA countries under freedom of services

• On an ad-hoc basis support the Risk & Compliance Team in compiling information requested by Internal auditors or Supervisory bodies and assist the team with follow up recommendations

• Supporting AML related reporting.

Skills and experience that will lead to success

• Qualified in either Financial Services, Risk Management, Insurance, or Law – Essential

• Have a proven understanding of EU and Malta insurance regulatory environment – Essential.

• Hands-on experience of the Solvency II regime in particular risk management – Essential

• Proven background within a compliance or insurance background – Desired

• Has completed or a willingness to complete compliance and risk management certifications.

• Holds the correct RTW permit for Malta.

How we support our colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com

# LI-KG1