Chief Compliance Officer
Brentwood, TN, USA | Leading Insurance Company
Industry:Insurance - General
Legal / Compliance
Job Description:81 people have viewed this job
Develop, document and maintain a compliance program that includes risk assessments, development and maintenance of applicable policies, procedures, and guidelines and monitoring, testing and reporting protocols that are appropriately tailored to prevent, detect and correct specific compliance risks.
Develop and maintain effective controls designed to monitor the effectiveness of the compliance program. Ensure and support adequate review of the appropriateness of the compliance system and procedures and implement necessary remediation for any identified deficiencies.
Develop, document and implement a compliance training program on compliance topics relevant to the Company to enhance employees’ knowledge and understanding of compliance policies and procedures, relevant laws, regulations and standards of good business.
Maintain in-depth knowledge of the business and its activities in order to ensure adequate compliance oversight and resources as the business needs evolve over time; advise on emerging compliance issues.
Maintain a strong presence in the business to promote an environment where individual staff will seek compliance guidance when they have questions.Provide guidance to management, staff and compliance officers on corporate and business compliance standards.
Periodic reporting to senior management, boards of directors and other Company stakeholders.
Escalate compliance issues and potential violations of compliance policies and procedures, laws, regulations and standards of good business to Company’s Chief Compliance Officer and L&R’s General Counsel, as appropriate.
Establish, monitor, manage and review compliance with U.S. and Bermuda legislative and regulatory frameworks covering Compliance risk areas.
Develop and maintain relationships with business leaders, other functional leads and internal/external stakeholders.
Prepare compliance regulatory filings and internal compliance reports as required.
10 + ’ experience in a Compliance, Legal or Regulatory position.
’s Degree required. Advanced degree preferred.
Significant experience and understanding of the life and annuity and property-casualty insurance industry, including knowledge of applicable legal and regulatory requirements, particularly with respect to the administration of such business.
Experience working with insurance regulators, include U.S. state insurance departments and the Bermuda Monetary Authority.
Demonstrated ability to influence and work effectively and cross-functionally within a highly-matrix organization with employees at all levels.
Self-starter with the ability to meet or exceed deadlines, prioritize, multi-task, and maintain flexibility in fast-paced, changing environment.
Strong problem-solving skills and the ability to confront conflict and difficult issues in a professional, assertive and proactive manner.
Excellent organizational, written, verbal and presentation skills including the ability to interpret and communicate compliance guidance internally.
Highly analytical and well organized.
Possess the ability to adapt to changes in process and expand responsibilities as and when necessary.