Head of Compliance NN Re

NN Re, the internal reinsurer of NN Group, is recruiting for the position of Head of Compliance. The Head of Compliance is the only member of the compliance function at NN Re.

NN Re is a licensed Dutch reinsurance entity supervised by the Dutch Central Bank (DNB). We help NN Group insurance and pension fund entities protect their balance sheet by reinsuring and hedging risks. Our reinsurance and capital market professionals deliver tailor-made solutions that meet the specific needs of our internal clients for a variety of risks and exposures such as mortality, longevity, disability, property and casualty, from simple reinsurance structures to complex operations like, for example, hedging market risks for variable annuities products using derivatives.

Your main responsibilities are:

• Set, implement and monitor the compliance strategy and local compliance policies and procedures. Implement Group policies and procedures where relevant
• Develop and execute the annual Compliance Operational Plan
• Advice the MB of NN Re on compliance related matters and new regulatory developments and support the implementation of the strategy of NN Re from a compliance perspective based on your own expertise and leveraging the compliance community at NN
• Fulfil the role of the Solvency 2 key function holder, the local compliance officer
• Provide relevant second-line opinions on various matters, organize and participate in risk assessments and proactively identify compliance related risks in NN Re
• Act as a subject matter expert for all compliance related topics. Acquire proactively expertise in new regulation and emerging compliance topics relevant to NN Re, leverage the expertise of and cooperate with the compliance community at NN where needed keeping the interest of NN group as a whole at heart
• Act as the primary contact for regulators (DNB and AFM) and external auditors for compliance matters
• Support a strong risk culture by promoting a strong compliance and integrity culture across the organisation
• Ensure that NN Re staff receive compliance training programs
• Prepare periodic compliance reports for the MB of NN of Re and relevant committees
• Prepare periodic input for Group Compliance reports (ERM)

NN invests in an inclusive, inspiring work environment and in skills and competences for the future. We match this with employee benefits that are in line with what is needed today and in the future. This way, we offer our employees the opportunity to get the best out of themselves. We offer you:

• 13th month and holiday allowance are paid with your monthly salary
• 27 vacation days for a 5-day working week and three Diversity Days
• A modern pension administered by BeFrank
• Plenty of training and learning opportunities
• NS Business Card 2nd class, which gives you unlimited travel, also privately. Do you prefer to travel with your own transport? Then you can declare the kilometers travelled
• Allowances for setting up your home office and for internet use

We are looking for someone:

• With strong expert knowledge of the most relevant compliance matters of NN Re and high integrity standards
• Who can and also enjoys working independently; it is important that you are able to prioritize, make decisions, and reach out to the integrated compliance function on your own. This is required because you are the only representative of the compliance function within NN Re
• With a critical and pragmatic mindset; you identify opportunities to implement changes and improvements, and recognize the impact of decisions on other parts of the organization
• Who is able to collaborate and create support for his or her initiatives at different levels of the organization including the MB and Group functions. This will require persistency, personal style flexibility and the ability to respond to feedback
• Who understands the challenges of a business unit, and is able to adjust approaches to the circumstances of NN Re: its size, risk profile and business model
• With excellent verbal and written communication skills at all management levels, including the MB. Business fluency in English is a requirement as we work internationally; due to the interaction with Dutch regulators candidates which are business fluent in Dutch are preferred
• Who enjoys and has experience working in an international environment
• You understand the strategy of the organization you work for, and you are able to support the implementation of the strategy from a compliance perspective
• You have experience interacting with regulators and external auditors
• Who has several years of relevant work experience in compliance or a similar function (e.g. Audit or operational risk management), including experience interacting with regulators

NN Re is a dynamic organization with around 70 employees of 20 different nationalities. In NN Re, we believe everyone brings in a set of unique talents and perspectives and together we aim to create a culture that supports an open mindset, an independent quest for knowledge, and shared learning agility and that is directed towards making a difference.

You will report to the CEO of NN Re and work closely with Legal, Risk Management, and Group Compliance.

If you have any questions about the job, you can reach out via phone or WhatsApp to Ulrich Mündlein (CEO of NN Re) via 06-11 25 28 63. Any questions about the process can be directed to Twesha Dharamsingh , HR Specialist via Twesha.Dharamsingh@nn.nl.