AVP, Compliance Monitoring Manager, Investments Operations

RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.

Our global team shares a passion for solving our customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.

Position:              AVP, Compliance Monitoring Manager, Investments Operations

Job Location:     New York, NY

_______________________________________________________________________________

About RenaissanceRe

For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We’re experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges.    To learn more, please visit us at Careers - RenaissanceRe (renre.com).

About Investments

Our Investments team manages RenaissanceRe’s $29 billion investment portfolio, allocating our assets, either directly or through investment managers, to deliver alpha against our strategic benchmark. We invest in a diverse range of assets from treasuries and corporate bonds to equities and private credit to provide capital and liquidity for underwriting risk and paying claims. Our investment portfolio is one of RenaissanceRe’s “Three Drivers of Profit”, along with underwriting income and fees, providing $1.2 billion in net investment income in 2023 to benefit our shareholders and joint venture partners.  RenaissanceRe has grown significantly over the past few years, both organically and through strategic acquisitions. 

About Investments Operations

The Investments Operations team is responsible for supporting all Investments middle office activities, including trade support and settlement, counterparty maintenance, compliance, bank account management, data reconciliations and reporting, and performance and attribution. The team supports and works closely with Investments, Treasury, Finance, among other departments to ensure complete and accurate representation of our investment portfolio.

Investment Operations is expanding to support the growing business demands. We are focused on increasing scalability through digitalization, automation, and streamlining processes to enable continued excellence in delivering to our clients, partners, stakeholders, and employees.  This is an exciting opportunity to join the transformation journey, work directly with the core Investments team, external managers, and on the BlackRock Aladdin platform.

About the Position

Reporting directly to the VP, Head of Investments Operations, the AVP, Compliance Manager, will play a critical role ensuring the Investments function adheres to internal compliance policies and entity level regulations. They will oversee compliance management and reporting, ensuring transparency and accountability across stakeholders. Successful candidates will demonstrate an ability to thrive in fast paced, growing environments and collaborate with Investments, Risk, and Legal to scale, implement, monitor, and maintain a fit-for-purpose compliance program. The work includes reviewing existing rules, redefining guidelines, and ensuring appropriate documentation. 

The AVP, Compliance Manager, is based in our midtown New York office and will join a global team with stakeholders and partners in Dublin, Bermuda, London, and Switzerland. 

Key Responsibilities

• Develop and maintain a robust compliance governance framework and supporting documentation for scalability, stakeholder training and ongoing usage, and monitoring
• Collaborate actively across multiple stakeholder teams and legal entities, including Investments, Legal, Underwriting, Treasury, et al, to manage guideline process
• Leverage appropriate tools and software, i.e. Aladdin BQL, to ensure effective implementation of compliance rules
• Conduct pre- and post- trade compliance checks for the internal and external portfolios, as required
• Perform regular reviews