Regulatory Counsel
LendingClub
Specialist, Insurance Compliance
Ontario Medical Association
full-time
Posted on:
Origin: • 🇨🇦 Canada
Visit company websiteJob Level
JuniorMid-Level
About the role
- Maintaining the compliance framework that supports the OMAI’s life and non-life agency operations
- Developing and implementing policies, monitoring legislative changes and advising on compliance risks, and conducting audits
- Draft, update, and implement compliance policies and procedures aligned with regulatory requirements and internal risk appetite
- Monitoring legislative, regulatory, and industry developments
- Regularly reviewing business operations and systems to identify potential risks and ensure compliance with policies and regulations; working with internal teams and management to implement changes
- Conducting compliance risk assessments for new and ongoing initiatives
- Collaborating with OMA Enterprise Risk Management to document and update risks and business continuity protocols
- Educating employees on compliance requirements, policies, and procedures through training programs and awareness campaigns
- Conducting internal audits of sales, service, and operations teams and recommends coaching or training when needed, to applicable manager, report findings to Senior Management
- Supporting the Licensed Officer in maintaining OMAI’s licensing status across jurisdictions
Requirements
- Undergraduate Degree in Business Administration, Finance, Law, or equivalent
- JD is an asset
- Two to three years experience in insurance or financial services compliance required
- Demonstrated knowledge and understanding of risk management principles, regulatory frameworks and insurance/financial services operations
- Asset designations, certifications include: LLQP, CAMS, CRM
- Advanced skills in Excel, PowerPoint, Word
- Ideally, experience with SalesForce or other client management enterprise solutions
- Demonstrated ability to understand, interpret, and apply regulatory and legislative guidelines
- Demonstrated ability to manage relationships with both internal and external customers/stakeholders
- Superior communication skills, including the ability to communicate complex risk concepts clearly both verbally and in writing
- Proficient at analyzing and synthesizing information to support sound decision-making
- A demonstrated commitment to high professional ethical standards and a diverse workplace
- Meticulous and detail-oriented, with a strong focus on accuracy in compliance documentation and reporting
- Demonstrated ability to prioritize effectively, multitask, and adapt to shifting requirements and/or needs
- Keen to take initiative and proactive in helping enhance compliance processes and controls
- Minimum required to work a minimum number of days in our Toronto office (hybrid)
