Risk & Compliance Analyst

Join to apply for the Risk & Compliance Analyst role at Canopius Group . To assist the Head of R&C APAC on all risk management related activities, providing second line of defence oversight of the business to support the effective management of risk and to meet stakeholder expectations, including those of regulators. The role will contribute to an Enterprise Risk Management (ERM) Framework which identifies, assesses, measures, controls, and reports on significant risks from all sources. Responsibilities Risk Management To support development and enhancement of the Enterprise Risk Management (ERM) framework and processes for managing risks across the business. To support the Head of APAC R&C to develop APAC region specific Risk Appetite Framework and ongoing monitoring of exposures against appetite and tolerance limits aligned with regional strategy. To maintain and update the risk profiles for the various capabilities across the APAC region. To conduct deep-dive risk analyses and produce decision-support assessments. Independently undertake event reporting via Risk Tool. Build and maintain strong relationships with internal and external stakeholders including APAC Exco, APAC R&C Team, Senior Management, Group Governance team, Lloyd’s counterparts, Local Authorities and Regulators. Responsible for the Singapore Risk Work Plan, including any planned thematic reviews. Responsible to deliver key ERM processes including risk and control assessments, stress and scenario testing, emerging risk identification, and operational risk event reporting. Contribute to appropriate risk management information being reported through the governance structure to the CAPL Board and APAC Exco to facilitate clear consideration of all significant risks to the achievement of strategic priorities. Promote Risk Culture through training and engagement to embed throughout the business. Undertake other ad hoc duties, as necessary. Compliance Ensure compliance systems and controls are effective to satisfy local regulatory requirements. Undertake compliance monitoring, financial crime and Anti-Money Laundering (AML) as appropriate, working closely with Group SMEs. Assist in coordinating interaction with regulators ensuring preparedness for regulatory reviews. Provide support in ensuring that the Branch is aligned with Group Conduct Risk practices and the Financial Crime Framework including sanctions, anti-bribery and AML. Act as the main liaison on all compliance and regulatory related matters for the Singapore team including coordinating supervisory actions and ensuring regulatory requests and returns are completed within deadlines. Deliver the Singapore Compliance Work Plan and implement necessary measures identified. Ensure compliance with Lloyd’s Principles, Lloyd’s licenses, applicable byelaws and Market Directives. Fulfilling the duties of Lloyd's Compliance Officer in accordance with paragraph 40 of the Lloyd's Byelaw. Qualifications Bachelor’s degree in Accounting, Finance, Risk Management, or related field; professional certifications or qualifications. 5 - 6 years of relevant experience within the insurance industry, ideally in risk and compliance functions. In-depth understanding of MAS regulations and requirements. Strong analytical and qualitative risk management skills. Good understanding of underwriting processes and insurance products. Experience in reviewing processes and assessing against pre-approved criteria. Experience challenging stakeholders and presenting risk and compliance reports. Ability to manage multiple priorities across stakeholders. Good working knowledge of MS Office applications. Seniority level Mid-Senior level Employment type Full-time Job function Legal Industries Insurance #J-18808-Ljbffr