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Client:
BANCO SANTANDER S.A.
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Job Category:
Other
EU work permit required:
Yes
Job Reference:
838682494003209830432460
Job Views:
1
Posted:
31.03.2025
Expiry Date:
15.05.2025
Job Description:
Global Insurance Head of Risk and Compliance
Country: Spain
WHAT YOU WILL BE DOING
Wealth Management and Insurance is looking for a Global Insurance Head of Risk and Compliance, based in our Boadilla office.
WHY YOU SHOULD CONSIDER THIS OPPORTUNITY
The Wealth Management & Insurance division covers three businesses in all Santander Group countries: Insurance, Asset Management, and Private Banking. We work to provide the best solutions to our clients in these three businesses in the 10 countries where we have a presence. Santander is proud of being an organization where there are equal opportunities regardless of gender identity, culture, and disability. Our mission is to contribute to helping more people and businesses prosper. We embrace a strong risk culture, and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.
Overall responsibility of the Risk and Compliance functions within a new Insurance Holding with operating companies acting across Santander Group. Will be leading the role as an independent function, reporting hierarchically to the company CEO and functionally to the WM&I CRO, with direct access to the BoD. The CCO independent function will report hierarchically to this position and functionally to the WM&I CCO. Formally covering the "Solvency II Key Risk Function" and also helping and coordinating the "Solvency II Key Compliance Function".
We need someone like you to help us in different fronts:
1. Definition of the Risk Strategy in line with the company's risk appetite.
2. Supervise the implementation of the Group's Risk (and Compliance) management standards.
3. Proactively identify risks and deviations and discuss them with all stakeholders.
4. Control of subsidiaries, ensuring the identification and evaluation of the risks that may arise within the scope of the Insurance Group and also related to the insurance product commercialization.
5. Supervision of Solvency II reporting: ORSA, SFCR, FST, QRTs.
6. Validation of the calculations of SCR and MCR capital at consolidated group level.
7. Support to the Group's reporting process.
8. Report and advise, when necessary, to correspondent bodies (BoA, Risk committee).
EXPERIENCE
Risk responsibility in insurance company / consulting firm +10 years of experience in similar roles (CRO function).
EDUCATION
Economic / Business administration (Insurance specialty as a preference), Engineering, Maths.
SKILLS & KNOWLEDGE
Solvency II, Solvency II capital management, Risk Management, Compliance, Insurance and Banking regulation.
OTHER INFORMATION
Accountable for the oversight and definition of the Insurance strategic compliance and conduct strategic agenda in collaboration with the wider function and business areas.
Idiomas: Spanish
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