Compliance Specialist

The Compliance Specialist supports the Compliance Manager in delivering efficient and effective enterprise Compliance programs. Leveraging their compliance expertise, the Specialist provides support through research and analysis, response support, monitoring and testing support, regulatory filings and regulatory readiness assessments.The Compliance Specialist will be responsible for fostering strong partnership across the organization’s business units to assist in strategically identifying, implementing, testing and monitoring compliance control

What will you do?

Regulatory Compliance Management Program Support

• Assist in maintaining and enhancing the risk-based enterprise-wide compliance program, ensuring adherence to regulatory and policy requirements.
• Compliance Incident intake and initial response support.
• Proactively collaborate with business units to address regulatory requirements and potential concerns, ensuring they are mitigated effectively and escalated when necessary. 

Monitoring and Testing Support

• Conduct regular monitoring and testing of regulatory controls within business units, assessing the design and effectiveness of these controls and identifying any material regulatory risks

Regulatory Relations Support

• Regulatory filings (RRS and other)
• Sanctions scanning and reporting (support)

Regulatory Readiness Support

• Assist in assessing and documenting organizational readiness for upcoming or changing regulatory requirements through the Regulatory Readiness Program.

What will you need?

• A diploma or certificate from a community college in finance, business administration, legal or public policy.
• Undergraduate degree is preferred but not mandatory
• 3+ years of experience in Compliance roles.
• Strong understanding of regulatory requirements, and the ability to interpret and apply within the P&C insurance industry
• Capability to manage tasks and deadlines, effectively prioritizing projects.
• Ability to take the initiative on projects and complete them efficiently with little direction.
• Able to adapt to changes in the work environment, manages competing demands and is able to deal with frequent change, delays or unexpected events.
• Ability to interact with business contacts, external advisors, regulatory authorities, government officials and outside parties in a confident, courteous and professional manner.
• Attention to detail, capable of a high degree of mental concentration for extended periods of time.
• Exceptional writing, editing and proofreading skills.
• Highly proficient with Microsoft Office applications, including advanced Excel and PowerPoint skills, with experience with OnSpring considered an asset.
• Speed in execution and effectiveness.

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