Insurance Compliance Director
ALTUS Receivables Management
Compliance Director
ALTUS Receivables Management
full-time
Posted on:
Origin: • 🇺🇸 United States
Visit company websiteSalary
💰 $110,000 - $130,000 per year
Job Level
Lead
About the role
- Regulatory Compliance: Ensuring the organization complies with applicable laws, regulations, and industry standards.
- Monitor regulatory developments and implement the necessary changes in compliance programs.
- Develop and maintain an up-to-date knowledge of industry-specific regulations
- Establish protocols for responding to regulatory inquiries, audits, and enforcement actions, and provide guidance to executive leadership on emerging regulatory developments, and their potential impact on business operations.
- Tracking complaints, drafting responses, and using data in complaint management system to identify risks in compliance or repeated offenders.
- Contract review and overseeing defense of litigation against ARMStrong companies.
- Policy and Procedure Development: Drafting, reviewing, and updating compliance policies and procedures to address current and emerging regulations.
- Establish a framework for the development, approval, and dissemination of compliance policies across the organization, ensuring that policies are clear, accessible, and easily understood by employees at all levels, and periodically review policies to assess effectiveness and make necessary adjustments to address emerging risks and regulatory changes.
- Risk Assessment and Management: Identifying, assessing, and mitigating compliance risks across the organization.
- Conduct regular risk assessments to identify vulnerabilities in compliance frameworks.
- Implement risk mitigation strategies that balance business objectives with regulatory obligations, establish reporting mechanisms, and work closely with IT, HR, and finance teams to manage operational, reputational, and financial risks related to compliance.
- Monitoring and Auditing: Conducting regular audits and monitoring activities to ensure compliance with established policies and procedures.
- Overseeing internal controls, audits, and compliance reporting.
- Maintain internal monitoring systems to detect and prevent compliance violations.
- Licensing, Renewals and Examinations: Maintaining a comprehensive list of all licenses and their renewal dates.
- Preparing and submitting renewal applications, ensuring accuracy and completeness.
- Liaising with regulatory bodies and internal teams to facilitate the renewal process.
- Reporting and Communication: Preparing reports on compliance activities and communicating findings to senior management and relevant stakeholders.
- Incident Management: Investigating and responding to potential compliance violations or incidents.
Requirements
- Strong understanding of relevant laws, regulations, and industry standards.
- Excellent leadership, communication, and interpersonal skills.
- Strong analytical and problem-solving skills.
- Experience in developing and implementing compliance programs.
- Experience in a highly regulated field (collections industry experience highly preferred).
- Ability to work independently and as part of a team.
- Bachelor's degree in a related field: (e.g., law, business, finance or JD).
- Relevant certifications: (e.g., Certified Compliance and Ethics Professional) are preferred.
