Compliance Specialist (12 month contract)

What you will do

• Perform compliance reviews of our contracted agencies and their advisors of our distribution channels (Life & Health, Group Creditors, Affinity and Associations, Financial institutions and Finance companies) according to applicable regulatory requirements, industry best practices, and internal Policies and Procedures.
• Identify gaps and verify content for quality and compliance.
• Prepare the pre-review stage, including capturing the delegate functions per the agreements, identifying potential increased risk and/or focus areas, and scheduling the reviews.
• Tailor the program documents to the distribution channel, including review questionnaires, reporting templates and action plans.
• Conduct testing, sampling, test procedures, and interviews with key personnel and advisors.
• Summarize the interviews, draft observations and provide relevant recommendations.
• Issue a final report, including observations and recommendations for accurate and best practice considerations.
• Request and track remediation action plans outlining correction of any identified observations within a stated timeframe.
• Raise high-risk observations and report the remediation status and validation of open issues.
• Establish and maintain relationships with agencies' compliance departments and internal stakeholders.
• Maintain a compliance recordkeeping system.
• Identify and recommend opportunities to enhance, improve and refine the review program documentation, existing compliance policies and procedures, and department process efficiencies.
• Keeping up with compliance requirements and regulation amendments to ensure assigned reviews reflect current expectations and standards.
• Build strength in the Compliance team by actively participating in team meetings and supporting team goals.
• Train and support agency staff and advisors on regulatory matters and prudent risk management business practices.
• Participation in Compliance projects and additional related duties as may be assigned.

What you will bring

• Industry-related university degree and accredited compliance management certification.
• 1 to 3 years of previous experience in an Insurance or financial services industry in a compliance or audit function is required.
• Excellent English written and verbal communication skills are required.
• French written and verbal skills would be an asset.
• Professional accounting designation (CA, CMA, CGA) or Certified Internal Auditor (CIA) certification would be an asset.
• Good knowledge of insurance industry legislation, compliance requirements and standards, distribution channels and associated business processes.
• Proficiency in MS Office.
• Exceptional organizational skills, ability to prioritize assignments and strong attention to detail. 
• Excellent interpersonal, negotiation and influence skills.
• Strong analytical skills and proven ability to interact with all levels of management and staff.
• Good presentation skills.

Why join?