About RenaissanceRe Syndicate Management Limited (“RSM”)
RSM is the managing agent of RenaissanceRe Syndicate 1458 at Lloyd’s which was established in 2009 and writes a range of insurance and reinsurance products including across Property, Casualty and Specialty.
Our syndicate writes in excess of USD 1billion of premium, with a focus on helping our clients manage the risks of operating in a volatile and uncertain world. We’re experts in Property, Casualty, Specialty, and Credit (re) insurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges. To learn more, please visit us at Careers - RenaissanceRe (renre.com).
About the Position
Reporting to the VP, Senior Compliance Manager, the Compliance Manager will provide support to the RenaissanceRe Syndicate Management Limited (“RSM”) Compliance functions in a wide variety of areas. You will be part of the Legal, Regulatory & Compliance team working closely with Underwriters, the Delegated Underwriting Solutions Team (“DUST”) and the Claims team.
Key Responsibilities
To work closely with DUST and manage queries and referrals relating to financial crime, conduct risk, complaints handling, licensing and general compliance queries relating to delegated underwriting arrangements.
To maintain a robust framework for implementing requirements from applicable legal and regulatory developments to support the business in achieving regulatory compliance on an ongoing basis.
To oversee the annual Policy refresh for Policies managed by Legal, Regulatory & Compliance in the UK and lead on training on key policies such as the RSM Underwriting Controls Policy.
To provide support to the broader Compliance team on financial crime and sanctions compliance.
Oversee controls related to timely and accurate submissions of regulatory returns to the PRA, FCA, Lloyd’s and Lloyd’s Insurance Company which are managed by LR&C.
To be responsible for monitoring key regulatory developments which may impact RSM.
To provide assistance to the Senior Compliance Manager in performing product risk assessments.
To act as the Secretary to the Customer Review Committee (our Product Oversight Group) and maintain papers and minutes;
To provide assistance to the Senior Compliance Manager in preparing the annual Principles for Doing Business at Lloyd’s attestation process and provide guidance to the business where needed.
To help design and perform testing on key risks and controls across the business.
Candidate Qualifications:
Strong knowledge of Lloyd’s and FCA requirements.
Strong and relevant experience working within a Compliance team in a Managing Agent or a UK insurer.
Good knowledge and experience of binding authorities and delegated claims administrators.
Good knowledge and experience of financial crime and sanctions requirements applicable to Lloyd’s Managing Agents.
Leadership Competencies & Values:
Impact: Sets objectives, delivers results, and implements policies/operational targets with direct impact on the department or individual work outcomes
Execution: Proactively identifies resources, actions and timelines needed to achieve objectives, effectively balancing tactical pressures with broader implications and downstream impact
Communication: Shares relevant information in a timely manner with stakeholders and conveys points of view in a way that influences opinions and demonstrates flexibility
Client and solutions focus: Identifies process and service opportunities that enhance the external and internal client experience and outcomes
Innovation: Stretches self and others to think differently and innovatively, drawing upon multiple sources for ideas and inspiration
Learning mindset: Seeks out and explores new assignments, exposure, or challenges in order to enhance technical skills
Values: Exemplifies and champions RenaissanceRe’s core values of Focus, Respect, Integrity, Precision, Passion
We believe that meeting these requirements will position you for success in the role. However, if you fulfill most – but not all – of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn.
At RenaissanceRe, we believe in creating a workplace culture that fosters diversity, equity, and inclusion throughout our business. We have a zero-tolerance policy for harassment and discrimination and take proactive steps to make employees feel valued and empowered to contribute to our collective success. It is RenRe’s policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/ civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
What We Do
RenaissanceRe is one of the world’s leading reinsurance companies, consistently recognised for our innovation, technical excellence and creative problem-solving.
Our clients are multi-national organizations and government entities who turn to us to help manage the risks of operating in a volatile and uncertain world, including climate change, natural hazards like wildfires and hurricanes, cyber threats and significant societal upheaval.
We’re proud of our world-class reputation for exceptional performance and being a trusted partner, there for our clients when it matters most. Our corporate purpose is to protect communities and enable prosperity. When disaster strikes, the claims we pay help keep businesses open and communities rebuild.
Ensuring that our technology ecosystem can anticipate and respond to unprecedented global change in the world order is an imperative. It is only through continuously seeking to innovate through transformative technology that we can deliver our strategic business priorities, aims, and objectives.
RenaissanceRe’s name comes from our founders’ intention to create a renaissance in quantifying and managing risk. Our success depends on the unique way we combine information, experience and technology to empower our decisions. We have developed new and cutting-edge technologies since the day we started in 1993 and have long been recognized as pioneers and technical innovators; designing and engineering solutions to rapidly serve clients and help them dynamically manage their business
