Offer summary

Qualifications:

Bachelor’s degree from a four-year college or university., 5 years of related experience in the insurance industry or a regulatory/compliance role., Strong attention to detail and excellent organizational skills., Strong communication skills to interact across all levels of the organization..

Key responsibilities:

Support the Director of Compliance in the Vendor Management framework.

Assist in risk-based vendor performance reviews and manage identified issues.

Oversee the Regulatory Change Management process and maintain policy updates.

Conduct compliance monitoring and testing activities, documenting findings and recommendations.

Job description

Reporting to the Director of Compliance, the Compliance Associate will play a key role in supporting the Company’s US Compliance program.

Essential Duties & Responsibilities

Oversight and Governance of Vendor Management

Provide support to the Director of Compliance to ensure compliance with the Vendor Management framework designed to minimize vendor risks by outlining a process for hiring, monitoring, and terminating vendors.
Assist business partners in the completion of risk-based vendor performance reviews to ensure timely completion and evaluate the adequacy of controls in place to safeguard the organization, including tracking, monitoring, and managing issues identified.

Regulatory Change Management

Oversee the Regulatory Change Management process including implementation of changes to business practices, processes, and/or products in response to legislative and regulatory developments; action plan tracking, policy and procedure maintenance, and maintaining a digest of changes implemented

Monitoring and Assurance program

Conduct compliance monitoring and testing activities to ensure that the organization adheres to legal, regulatory, and internal policies and standards

Document findings, assessment of issues, and recommendations in detailed written reports as well as track and monitor remedial actions to closure

Compliance Training Program

Assist with the administration and monitoring of the compliance training program

Education, Requirements & Competencies

Bachelor’s degree (BA) from four-year College or University.
5 years related experience in insurance industry or regulatory/compliance role.
Strong attention to detail and excellent organizational skills.
Strong communication skills with the ability to interact across all levels of the organization.

The base salary range for this role is $75,000-$101,500. Individual compensation packages are based on a variety of factors that are unique to each candidate including geographic location, skill set, experience, qualifications and education.

If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you!

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