Euler Hermes

Brussels

Our client is Euler Hermes, the world’s leading provider of credit insurance services. It helps its customers around the globe to trade wisely and develop their business safely. With 6,000 employees from more than 70 nationalities, in over 50 countries, Euler Hermes offers a complete range of services for the management of B-to-B trade receivables. Euler Hermes has developed a credit intelligence network to analyze the financial stability of 40+ million businesses across the globe. Euler Hermes, a company of Allianz, is rated AA by Standard & Poor’s.

The role

 Reports to the Head of Compliance Northern Europe Region;
 Fulfills the tasks of the compliance function as per company's Compliance Policy and Belgian Solvency II Law and regulations;
 Provides comprehensive regulatory advice to all Euler Hermes operations in the Benelux and ensures compliance with all regulatory and Allianz requirements to promote and embed a culture of integrity and compliance thoughout the business;
 FSMA certification is not required

The challenges:

 To drive the Benelux integration and convergence on compliance processes and quality of execution, in line with the group Compliance TOM;
 To develop strong compliance visibility within the Benelux and become the internal point of reference for all compliance matters;
 To manage and ensure a systematic usage of the regulatory compliance tools by all the identified owners.

Key responsibilities:

 Manage all the regulatory platforms, manage requirements and relationship with conduct authority across Benelux;
 Maintaining detailed awareness of regulatory developments, and changes in the wider financial marketplace, so as to provide expert advice to the business on applicable rules and regulations and strategic compliance guidance on regulatory queries;
 Providing support on other regulatory projects across the EH Group;
 Ongoing review and assessment of the impact of regulatory developments affecting the business and assisting in implementing necessary changes to policies, procedures, processes and systems;
 Assisting the Chief Compliance Officer to manage the business relationship with the NBB and FSMA, particularly for Euler Hermes SA;
 Regular reporting on relevant subjects to the Management Team;
 Liaising with and providing support to senior management, to ensure promotion of a culture of integrity and compliance throughout the business;
 Investigating escalated complaints and dealing with the conduct authorities;
 Dealing with regulators, assisting in collating reports and addressing relevant enquiries from regulators;
 Organising remedial action to address identified gaps in compliance controls;
 Promoting awareness among management and employees of compliance matters;
 Be part of the corpororate compliance team and active involvement in global compliance topics areas and related projects.

 BE qualified barrister or solicitor, professional legal qualification desirable;
 Sufficient seniority, gravitas and experience to persuade and influence senior management and business personnel;
 Significant knowledge and extensive experience of insurance law, regulation and compliance issues, preferably gained in house at an insurance or other financial services organisation;
 Excellent organisational, communication and drafting skills;
 Ability to analyse complex commercial scenarios and apply laws and regulations governing the companies insurance and reinsurance activities;
 Practical knowledge and understanding of financial services law and regulation impacting B2B insurance activities in Belgium (including Solvency II) and the ability to apply EU regulation, NBB and FSMA rules and guidance;
 Excellent knowledge of English and Dutch.

Euler Hermes is committed to support its employees in every step of their professional journey, provide tailor-made development programs and open gateways to international opportunities. It encourages them to take ownership and accountability, and to dare to make a difference!