Compliance Specialist (12 - month Hybrid Assignment)

Reporting to the Compliance Manager, the Compliance Specialist will have responsibilities for compliance activities supporting multiple business lines (ABIC, ABLAC, and ASCI). You will conduct distribution oversight activities, and monitor legislative and regulatory developments, regulatory filings and correspondence while researching and analyzing all licensing requirements associated with the business. You will also support the Compliance Administrator with licensing guidance and support on day-to-day licensing functions, facilitate the Compliance’s Outsourcing Arrangement oversight program, and juggle shifting priorities around our compliance training programs, data analytics, Anti-Money Laundering/Anti-Terrorist Financing, marketing/other collateral reviews for applicable business lines. Not only will you be required to ensure all corporate filings and registrations are completed on a timely basis, but you will also be expected to draft policies and procedures, contribute to Compliance Reports to the Chief Agent and senior management, perform market conduct reviews/monitoring, handle records retention inquiries, and help the Senior Compliance Specialist regarding Regulatory Compliance Management risk-based activities. This role is a 12th month contract assignment and will remain as a hybrid opportunity.

What will my duties and responsibilities be in this job?

• Track and analyze customer experience and distributor activity data to identify trends indicative of increased risk.

• Implement monitoring activities tailored to key Client customer-impacting activities – inform effort by integrating with data analytics to support a risk-based approach.

• Draft reporting of distribution oversight activities

• Document and communicate legislative and regulatory developments pertinent to the company’s business lines.

• Facilitate the necessary business changes required to comply with legislative and regulatory developments.

• Conduct annual AML/ATF risk assessment, produce draft reports, and oversee gap remediation efforts.

• Create and update policies and procedures as required.

• Act as a resource for and back-up to the Compliance Administrator on all monthly ATF activities

• Facilitate and provide support for the required bi-annual, independent controls effectiveness audit by Internal Audit Services

• Conduct investigations and report on identified matches.

• Assist the Senior Director with the reporting of Anti-Money Laundering activities and confirmed Terrorist Property.

• Review outcomes provided daily by third-party monitoring platforms.

• Research and analysis of all licensing requirements.

• Guide, support, and back up the Compliance Administrator with day-to-day licensing functions to ensure compliance.

• Take the lead on interactions with external regulatory staff on licensing matters and escalate areas of concern to the Senior Director

• Work closely with Business/Account Executives to ensure all licensing interactions with Clients run smoothly.

• Ensure all regulatory and corporate filings and registrations respectively are completed promptly.

• Assist Senior Director with annual compliance outsourcing arrangements attestation.

• Annual Third-Party Vendor Compliance Manual - work with the business to update training materials and facilitate for completion of the compliance attestation from all selected vendors.

• Provide business with day-to-day support.

• Review, update, or draft (new) local modules annually

• Work closely with the Compliance Manager to ensure all active employees complete all mandatory compliance training modules.

• Ensure training completion reconciliations are conducted as needed to ensure 100% completion.

• Responsible for Compliance Training Awareness Program and reporting to executive/senior management locally, internationally, and corporately.

• Perform independent Compliance reviews for applicable business lines/projects.

• Work closely with business/account executives to ensure all customer-facing material/client-facing material is relevant and meets fair treatment of customers and compliance standards i.e., marketing material, client training, scripting, etc.

• Handle records retention inquiries

• Aid the Senior Compliance Specialist regarding Regulatory Compliance Management risk-based activities, Operations compliance, Complaint Handling, and Privacy matters.

• Draft policies and procedures

• Contribute to Compliance Reports to the Chief Agent and senior management.

• Assist with other compliance initiatives/activities as directed.

What are the requirements needed for this position?

• University degree or equivalent post-secondary academic background.

• Minimum of 3 years of experience in compliance, risk, quality assurance, or similar role.

• Minimum of 3 years of experience within a financial institution, insurance preferred.

• A keen knowledge base of regulators and the regulatory environment for financial services.

• Familiarity with federal and provincial insurance acts and regulations including insurance licensing (a plus).

• Knowledgeable of Proceeds of Crime and Terrorist Financing Act, Regulations, and Guidelines.

• Accustomed to the corporate requirements of a financial institution and its assets.

What other skills/experience would be helpful to have?

• Ability to track and analyze data/information effectively for trending and risk identification purposes.

• Strong communicator both verbally and in written form.

• Capable of drafting policies and procedures.

• Demonstrated organizational and prioritization skills.

• Ability to conduct effective legislative research.

• Adept at software such as MS Office.

• Demonstrate a client service mentality.

• Adept at creating reference tools and checklists.

• Self-learner with a propensity to share knowledge.

• Team player, independent worker, relationship builder

• Capable multi-tasker

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Pay Range:

$57,500.00 - $94,900.00

Any posted pay range considers a wide range of compensation factors, including candidate background, experience and work location, while also allowing for salary growth within the position.

Expected application deadline is

01/15/2025

If date is blank then this is a pipeline requisition, and we will continue to collect applications on an ongoing basis.

Helping People Thrive in a Connected World
Connect with us. Bring us your best work and your brightest ideas. And we’ll bring you a place where you can thrive. Learn more at jobs.assurant.com.

For U.S. benefit information, visit myassurantbenefits.com. For benefit information outside the U.S., please speak with your recruiter.

What’s the culture like at Assurant?
Our unique culture is a big reason why talented people choose Assurant. Named a Best/Great Place to Work in 13 countries and awarded the Fortune America’s Most Innovative Companies recognition in 2023, we bring together top talent around the world. Although we have a wide variety of skills and experiences, we share common characteristics that are uniquely Assurant. A passion for service. An ability to innovate in practical ways. And a willingness to take chances. We call our culture The Assurant Way.

Company Overview
Assurant is a leading global business services company that supports, protects, and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products, and other specialty products.

Equal Opportunity Statement
Assurant is an Equal Employment Opportunity employer and does not use or consider race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected by federal, state, or local law in employment decisions.