Vice President of Legal and Compliance - Insurance -(M&F) UK866708

VICE PRESIDENT OF LEGAL AND COMPLIANCE – INSURANCE

HYBRID WORKING (3 DAYS IN OFFICE AND TWO FROM HOME)

LONDON

£140,000 - £160,000 + PACKAGE

Role Overview:

Morgan Philips Specialist Recruitment are presently representing a fast growing insurance technology company in their search for a VP, Legal and Compliance.

Reporting Directly to the CEO, the successful candidate will serve as a trusted advisor to the C-Suite offering actionable insights and solutions that support business activities globally. You will need to exhibit a successful track record in the insurance industry and possess the experience required to grow, develop and manage a legal and compliance function.

Key Accountabilities:

Legal Leadership and Strategic Initiatives:

• Lead on a broad range of legal and regulatory matters to support our work with insurers, reinsurers, customers and partners globally
• Provide expert legal advice to the executive team on a wide range of matters, working with external advisers where necessary
• Act as the key point of contact for all legal matters with external counsel, regulators, and industry bodies.
• Work with internal and external stakeholders to scope out strategic initiatives from a legal and regulatory point of view, including supporting with execution where relevant

Contractual Oversight:

• Negotiate, draft, and review contracts, including commercial TOBAs and certificates, partner TOBAs, insurance binders, reinsurance treaties, endorsements, employee and third party agreements.
• Work closely with CEO, CUO and relevant stakeholders to maintain and update binder and reinsurance documentation in alignment with changing business or (re)insurer requirements.
• Ensure all agreements align with the company’s strategic objectives and adhere to the relevant legal, regulatory, commercial and partner requirements
• Develop and maintain a global policy and wordings library
• Ensure accurate documentation of all legal agreements, tracking key contractual milestones, such as renewals and amendments.

Compliance Management:

• Establish and maintain a comprehensive global compliance framework that ensures adherence to applicable laws, regulations and industry standards
• Monitor evolving insurance and reinsurance regulations and provide strategic guidance on compliance implications
• Ensure ongoing timely reporting to regulatory authorities across all operating regions
• Represent the company in regulatory and partner audits, inquiries, or investigations, addressing concerns and implementing recommendations
• Oversee internal audits and risk assessments to identify and mitigate compliance risks
• Input on policies and training programs to ensure compliance across the organization

Heading up the Claims Function:

• Working with the CUO and external loss adjusters to oversee an effective claims management processes
• Working with fronting insurers and clients to effect an efficient claims approval and payment process

New and Renewal Business:

• Contract wording negotiation and oversight
• Working with the commercial team to draft bespoke wordings and endorsements
• Liaison with the Product team to ensure that contractual documentation is correctly reflected in the client portal

About You:

• A minimum of 10 years’ experience, including working for an insurer, reinsurer, MGA or a related business
• You are a qualified solicitor, barrister, or have equivalent experience
• You have a proven track record of leading legal and compliance function
• You have a strong knowledge of the insurance and reinsurance markets and a good understanding of the corporate law across multiple jurisdictions