AVP - Regulatory & Statutory Compliance - Insurance

- Assists with providing advisory services and direction to all business and support areas regarding assigned regulations, regulatory requirements, and/or compliance risks.

- Under general supervision, works with management and the line of business in the development and enhancement of products to ensure compliance with applicable laws and regulations.

- Provides assistance in the development and maintenance of supporting policies, procedures, agreements, and contracts.

- Assists management and the line of business in identifying and containing compliance risk, monitoring, reporting, and certification, fostering a compliance culture and optimizing relations with regulators.

- Provides guidance on new and modified regulations as well as current risk assessment results. Remains up-to-date on remediation efforts, as appropriate.

- Prepares summaries on compliance with assigned regulation(s), regulatory requirements, and/or compliance risks for senior management, as required.

- Provides subject matter expertise and oversight of drafting, editing, and maintaining related written compliance policies and procedures.

Customers / Stakeholders :

- Fosters positive working relationships with business, internal control and appropriate senior management stakeholders to support adherence to assigned regulation, regulatory requirements and/or compliance risks.

- Interacts and fosters relationships with applicable regulators as appropriate.

- Develops external contacts among industry peer groups to determine/validate the Company is aligned with industry best practice.

Qualifications :

- Min. of 6-8 years of proven and progressive financial services, compliance, and/or legal management experience, or equivalent.

- Relevant qualification / Company Secretary preferred

- Well-developed communications, negotiation, analytical, organizational, project management, and strategic and/or operational planning skills. Managerial experience preferred.

- Broad scope of knowledge of assigned businesses, including products, operations, systems and organization and full understanding of all significant regulatory compliance requirements applicable to assigned business