Vice President of Legal and Compliance

VICE PRESIDENT OF LEGAL AND COMPLIANCE - INSURANCE HYBRID WORKING (3 DAYS IN OFFICE AND TWO FROM HOME)LONDON£140,000 - £160,000 + PACKAGERole 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

Please note you will receive an automated response advising you that we have received your CV.

Morgan Philips Group is a global talent solutions business that disrupts conventional thinking in executive search, recruitment and talent consulting. We operate in over 18 markets in Europe, North & South America, Asia, and the Middle East & Africa. We understand that the future is digital and social, so we embrace the latest technology, including video ads and CVs, as well as social recruiting. Our innovative services are tailored to the new world of work yet we do not lose sight of the fact that employees be they existing and potential are ultimately human beings.

We are committed to ensuring that all job applicants are treated equally, without discrimination because of gender, sexual orientation, marital or civil partner status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age.