ExecutiveFull TimeEN
Head of Risk & Compliance
Location – Gibraltar
About Advantage & Hastings
Advantage Insurance Company Ltd (“AICL”) is a wholly owned subsidiary of Hastings Group, one of the largest and fastest growing personal lines insurers in the UK. Advantage is a digitally focused and Gibraltar-based insurer providing motor and home insurance to over four million customers in the UK. Hastings group, in turn, is a subsidiary of Sampo, the largest insurance Group in the Nordics.
As part of Hastings, AICL delivers market leading pricing, claims, and digital operations. Critically for this role, Advantage also maintains responsibility for the robust capital management and investment management operations of the Group.
Role Purpose
As Head of Risk & Compliance, you’ll lead the regulated functions on behalf of the Managing Director and Advantage Board. You’ll ensure our continued compliance with GFSC and FCA requirements as the Hastings SII solo entity approved insurer and play a key role in shaping our risk and governance frameworks to support Advantage’s strategic goals and legal obligations
Job Details
Lead and embed enterprise risk, compliance, and control frameworks in line with annual plans and HGH principles
Own the ORSA process, including stress testing, resilience planning, and reporting
Act as the Regulated Individual for Risk Management, Compliance, and MLRO functions
Manage relationships with GFSC, FCA, GFIU, GRA, and other regulatory bodies
Represent Advantage within the Group Risk leadership team and contribute to HGH matters
Oversee corporate governance and ensure regulatory compliance across the business
Resolve critical risk and compliance issues and lead assurance assessments
Provide second-line challenge to conduct and outsourcing activities
Ensure policies are proportionate, effective, and aligned with best practice
Skills we would love you to have
Senior-level experience in insurance risk management and compliance
Strong understanding of Solvency II (especially Pillar 2) and regulatory frameworks
Experience in underwriting, claims, audit, or governance is a plus
Excellent communication and stakeholder engagement skills
Strategic thinking with the ability to make confident decisions
A collaborative mindset and commitment to building high-performing teams
Willingness to travel between Gibraltar and the UK as needed
As a Disability Confident employer, we’re committed to ensuring our recruitment processes are fully inclusive – what this means to you is if you’re applying for a job with us, you’ll have fair access to support and adjustments throughout your recruitment journey. We also welcome applications through the Disability Confident Scheme (DCS).For more information on the DCS, please visit our inclusive business page on our careers website
Regrettably we are unable to offer sponsorship for this role
Reward
Benefits: in addition to a competitive salary and £6k car allowance you will also receive…
Flexible working – we champion a flexible hybrid working approach – please speak to your recruiter to discuss in more detail
Competitive bonus scheme - all colleagues are eligible for our annual 4Cs performance bonus
Physical wellbeing – as a Band 5 colleague, Hastings pay for you to receive private medical Insurance (also known as PMI). This gives you flexibility and convenience to see a specialist or consultant and allows you to decide when and where you will be seen
Financial wellbeing – as well as providing you with 4x your salary with our life assurance cover, income protection at no extra cost, and matched pension contributions up to 10%, we are proud to provide you with an award winning package which includes – discounts, cashback, free independent mortgage advice and free access to financial wellbeing support
Mental wellbeing programme – we have the thrive mental health app, our colleague assistance programme available 24/7, our own in-house mental health first aiders, support groups and a dedicated team to make sure we are covering your needs
There's more! – 27 days annual leave + bank holidays, with the option to buy or sell one of your weeks, access to our health care cash back plans, dental plans, discounted health assessments, Cycle to work and tech schemes, discounted and free onsite facilities, social events throughout the year and much more ….
Hastings Group is an equal opportunities employer which means we treat people fairly. We welcome applications from all suitably skilled persons regardless of their gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status. Please also note that we have a thorough referencing process, which includes credit and criminal record checks.
At Hastings Direct, we’re committed to creating an inclusive environment where everyone has the opportunity to succeed. If you require any reasonable adjustments during the recruitment process, we encourage you to be open with us. Our recruitment team is here to provide the support you need to ensure a fair and accessible experience for all.
Job posting end date:
