Location
Calgary, AB | Canada
Job description
The Compliance Specialist is a key player in our Clients compliance regime. Working under direct supervision, this role contributes to the companies success by testing controls mitigating regulatory compliance risk in applicable laws, regulations, and industry guidance. The Compliance Specialist provides advice and guidance to the business as well as testing and monitoring to support the Chief Compliance Officer in fulfilling OSFI’s E-13 Regulatory Compliance Management guideline. The Compliance Specialist also assists in the
development and assessment of compliance program processes, procedures and tools to further enhance and refine the compliance program, to achieve enterprise-wide objectives.
Job Responsibilities:
- Development and execution of risk-based testing programs for regulatory controls
- Advises the business with the development and implementation of compliance processes, procedures and tools to mitigate regulatory compliance risks for the business
- Tracks compliance events and key activities through the compliance log and providing advice to first line of defense employees on dealing with compliance events
- Compiles and provides reports on compliance events and activities, and the overall state of compliance programs to various levels of senior leadership within the business
- Identifies learning opportunities, coordinates training development and delivers training to the business on new or changed regulatory or other developments requiring compliance oversight
- Develops and enhances business relationships by liaising with peers within the business, including employees involved in first line of defense compliance activities
- Works with other members of the legal and compliance group and business stakeholders to assist with the development of new compliance practices and processes, and enhancement of existing compliance practices and processes
- Participates in special projects as assigned
- Monitor Broker, Agent and 3rd Party compliance
- Proactively review websites, polices, correspondence for compliance to potentially mitigate future issues.
- Performs other duties as assigned
Qualifications
- Minimum 3 years’ prior experience in a compliance setting, preferably working for a federally or provincially regulated P&C insurance company in a compliance, oversight, or internal audit function.
- Post-secondary education with a focus on business management or technology an asset
- Knowledge of Microsoft Office is required, and experience with regulatory compliance tools (GRCs) such as Ethidex, Archer, MetricStream would be considered an asset
- Excellent analytical and problem-solving skills, with the ability to conduct detailed analysis of information, and to select and implement best solutions in a timely manner
- Exceptional written and oral communication skills, with the ability to communicate at the right level for the audience and present information or arguments in a convincing manner
- Excellent planning and organizing skills, with the ability to develop and prioritize effective plans that define activities, resources and timelines
- Excellent attention to detail with the ability to influence key relationships
- Knowledge of insurance industry experience an asset
Job tags
Salary
