Senior Vice President, NA Chief Compliance Officer
Whitehouse Station, NJ, USA | Leading Insurance - General Company
Industry:Insurance - General
Legal / Compliance
Job Description:54 people have viewed this job
Leading Insurance - General Company is the world’s largest publicly traded property and casualty insurer.With operations in 54 countries, Leading Insurance - General Company provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
We seek highly motivated individuals to join our team who exhibit the best-in-class competencies listed below and embody the Office of General Counsel culture.
We deliver high quality work product, services and solutions that demonstrate understanding of the needs and requirements of our business partners and support achievement of team goals.
We adapt to changing business needs and environments through a proactive, flexible approach that achieves results and strikes the proper balance among all constituencies.
We demonstrate character, integrity and professionalism, both within a team environment in Office of General Counsel and in fulfilling our responsibilities to our business partners.
We build collaborative, trusting relationships with team members and business partners through superior communication skills, empathy and respect.
We independently manage work responsibilities through commitment, dedication and accountability, and display an on-going commitment to self-improvement.
This individual would provide leadership and management within the North American Office of General Counsel (OGC) responsible for developing and maintaining an effective compliance program in North America designed to establish compliance standards and to monitor, detect, and prevent compliance deficiencies. The individual selected for this position will need to work in close cooperation with other OGC units and Global Compliance and will need strong inter-personal and persuasion skills. This individual will report to the General Counsel of North America with matrix reporting to the Global Compliance Officer.
MAJOR DUTIES & RESPONSIBILITIES:
Annual development of North American Compliance Plan;
Prioritization and implementation of new regulatory compliance policies and procedures;
Evaluation, development, and implementation of comprehensive annual compliance training objectives and programs;
Development and analysis of ongoing compliance monitoring and evaluation mechanisms using audit and examination reports, risk assessment tools, systems “flags,” and file reviews;
Investigate and resolve alleged compliance issues and act, as necessary, as a compliance rapid-response team; coordinating resources and working hands-on to resolve compliance issues that arise within the Leading Insurance - General Company NA organization.
Work closely with Regulatory Affairs & NA Business Units to resolve all outstanding issues identified during regulatory reviews and examinations
Participation in internal and underwriting audits and compliance assessments
Coordination with Global Compliance on all Group-wide compliance activities;
Working, as appropriate, with representatives of the regulatory community;
Presenting quarterly reports to senior management and global compliance regarding all compliance assurance activities; and
Close coordination and cooperation with other OGC units, division compliance officers, business division management, Internal Audit, Corporate Underwriting, Finance, IT and others on regulatory compliance initiatives.
Substantial insurance industry experience;
Demonstrated understanding of regulatory environment;
Compliance, operations and/or underwriting background in P&C and A&H areas;
CPCU or similar professional designation a plus;
Demonstrated ability to develop strong relationships, both internally, with business unit leaders, and externally, with the industry and regulatory community;
Ability to consistently execute and deliver results;
Ability to manage multiple projects in a dynamic development environment;
Strong ability to identify, understand, and communicate business needs for compliance projects;
Strong analytical skills; ability to influence change and drive results;
Experience in understanding and communicating regulatory concepts;
Excellent written/verbal and presentation skills;
Ability to interact well with senior management;
Strong knowledge of MS Project, Excel, PowerPoint and Word