SVP, Chief Compliance and Operational Risk Officer
USAA
Director, Regulatory and Filing
Travelers
full-time
Posted on:
Location Type: Hybrid
Location: Hartford • Connecticut, Minnesota, Tennessee, Texas, Washington • 🇺🇸 United States
Visit company websiteSalary
💰 $111,600 - $184,200 per year
Job Level
Lead
About the role
- Drive and monitor operational efficiency for expediting filing processes, introduction of new products and adherence to laws and regulations.
- Analyze approval and rejection data of previous filings and monitor market practices to inform dynamic regulatory strategies, identify sensitive regulatory issues and communicate to senior leadership.
- Build and manage a team responsible for the preparation, submission, negotiation of terms, and approval for rule, rate, and form filings, as well as competitive intelligence.
- Provide expertise in resolving any issues that arise.
- Lead the development of the vision, strategies and initiatives for the Personal Insurance competitive intelligence within Product.
- May facilitate and direct the management and validation of non-financial market regulatory activities, including market conduct exams, interrogatories, surveys, and data calls.
- May draft responses to inquiries, criticisms, and/or alleged violations, as well as, design, monitor and negotiate department findings, corrective actions, and potential penalties.
- Identify and engage resources to support all corporate initiatives and support staff’s technical development needs to deepen their expertise in the elements of regulatory & filing.
- Support the review and analysis of state insurance statutes and regulations to determine changes to product design, development and filing requirements, and adjust current practices accordingly.
- May partner with legal when appropriate.
- Provide education to relevant personnel on the best practices for maintaining and storing documentation to support compliance efforts.
- Serve as the lead contact with key internal business partners, state and federal regulatory agencies and external vendors.
- Direct the optimization of regulatory tools and databases through consultation with vendors to incorporate the latest regulatory changes, industry standards and internal policy adjustments.
- Coordinate and guide the strategic planning and execution of regulatory and filing projects ensuring to align with business unit objectives and drive cross functional collaboration.
Requirements
- Bachelor’s degree.
- Six or more years of experience with comprehensive knowledge of regulatory/compliance requirements, processes, and procedures, knowledge of insurance products within line of business, filing, and or related fields.
- Three or more years of experience in leadership and management of others.
- Coaching and talent development skills including ability to mentor and motivate others and provide feedback.
- Certification in one or more regulatory compliance or similarly recognized group such as ARC, AIRC, PIR, SPIR, CPCU, MCM, etc.
- Expert critical thinking and influencing skills to manage a collaborative environment and drive business needs both internally and externally.
- Efficient prioritization skills to ensure resources are allocated accordingly and critical projects are completed on time.
- Expert relationship management skills to build and foster productive partnerships with internal and external business partners.
- Expert verbal and written communication skills to present complex regulatory issues, skillfully negotiate and foster collaboration across all levels of the organization.
- Expert analytical and problem-solving ability to identify root causes and develop innovative solutions to complex and sensitive filing challenges.
- Proven ability to analyze data and draw meaningful conclusions.
- Experience with AI-based data analysis tools for automation of research, reporting and processes.
Benefits
- Health Insurance : Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
- Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
- Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
- Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
regulatory compliancedata analysisfiling processesinsurance product knowledgemarket conduct examsnegotiationcritical thinkingproblem-solvingproject managementstrategic planning
Soft skills
leadershipcoachingtalent developmentrelationship managementverbal communicationwritten communicationinfluencingprioritizationcollaborationmentoring
Certifications
ARCAIRCPIRSPIRCPCUMCM
