Head of Compliance
Next Insurance
full-time
Posted on:
Location Type: Remote
Location: United States
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Salary
💰 $174,000 - $235,000 per year
Job Level
About the role
- Develop and maintain a comprehensive compliance program that aligns with applicable laws, regulations, and industry best practices.
- Establish and communicate compliance policies and procedures throughout the organization.
- Conduct regular risk assessments to identify compliance gaps and implement corrective measures.
- Implement effective compliance monitoring and testing processes to ensure ongoing compliance.
- Maintaining and implementing OFAC and AML policies and procedures in accordance with applicable laws and regulations.
- Evaluating and fine tuning code of conduct, employee non-disclosures and confidentiality and invention assignment agreements.
- Monitor changes in laws, regulations, and industry guidelines and update the compliance program accordingly.
- Interpret and communicate the impact of regulatory requirements to relevant stakeholders within the organization.
- Ensure compliance with all applicable laws, regulations, and licensing requirements.
- Prepare and submit necessary regulatory filings and reports accurately and in a timely manner.
- Collaborate with internal teams to address compliance issues and implement remedial actions.
- Manage / lead market conduct exams and other regulatory investigations in conjunction with Legal and other areas of the business.
- Develop and update compliance policies and procedures to reflect changes in regulations and business practices.
- Establish and implement training programs to educate employees on compliance requirements.
- Respond to compliance-related inquiries and provide guidance to employees on compliance matters.
- Regularly assess the effectiveness of compliance training and make improvements as needed.
- Develop and implement monitoring and auditing procedures to ensure ongoing compliance.
- Conduct regular compliance assessments and internal audits to identify potential risks and areas for improvement.
- Prepare reports on compliance activities, including identified issues, remediation efforts, and compliance metrics.
- Provide regular updates to senior management and the General Counsel on the status of compliance initiatives.
- Collaborate with internal and external auditors to facilitate compliance audits and reviews.
Requirements
- Bachelor's degree in law, business administration, or a related field. 10+ years of experience in compliance roles within the insurance industry.
- Deep knowledge of insurance regulations, including but not limited to those issued by regulatory bodies such as NAIC and state insurance departments.
- Strong understanding of compliance frameworks, principles, and best practices.
- Experience in developing and implementing compliance programs, policies, and procedures.
- Excellent knowledge of federal and state laws and regulations applicable to insurance operations.
- Proven ability to interpret and apply regulatory requirements to business practices effectively.
- Strong leadership and management skills, with the ability to lead a team and collaborate with stakeholders.
- Excellent communication and presentation skills, with the ability to communicate complex compliance matters clearly and effectively.
- Detail-oriented with strong analytical and problem-solving abilities.
- Ability to handle sensitive and confidential information with utmost discretion.
- Professional certifications in compliance or insurance-related fields a plus (e.g., CRCM, CPCU)
Benefits
- partially subsidized medical plan
- fully subsidized vision/dental options
- life insurance
- disability insurance
- 401(k)
- flexible paid time off
- parental leave
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
compliance program developmentrisk assessmentcompliance monitoringOFAC policiesAML policiesregulatory filingsinternal auditscompliance trainingcompliance metricscompliance frameworks
Soft Skills
leadershipcommunicationanalytical skillsproblem-solvingcollaborationdetail-orienteddiscretionpresentation skillsstakeholder engagementpolicy interpretation
Certifications
CRCMCPCU