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Senior Compliance Officer: International & Digital (Cross-Border) - Insurance tech - Remote

Company: Infinity Consulting Solutions
Location: Chicago
Posted on: September 25, 2022

Job Description:

Senior Compliance Officer: International & Digital (Cross-Border) - Insurance tech - Remote


Job Title : Senior Compliance Officer: International & Digital (cross-Border)

Reports To : Head of Cross-Border Compliance

Job Summary :

  • Provide insurance expertise in cross-border (international) insurance transactions, focusing primarily on electronic trading (E-Trading).
  • As the Compliance Officer primarily responsible for the firm's Digital arm, a business segment which focuses on E- Trading, this role ensures effective oversight, licensing and advisory services throughout its international expansion.
  • With the assistance of Cross-Border compliance colleagues, this role is also responsible for providing compliance and regulatory oversight of the Canada office, assisting in improving its compliance and risk framework.
  • As a Senior Compliance Officer this role will also provide general support to the overall structure that supports regulatory compliance across the firm.

    Key Responsibilities: Individual

    Responsibilities will include, but are not limited to: Regulatory and Compliance

    • Collect and maintain applicable legal and regulatory requirements globally, enabling the company to write business on a digital platform in a compliant manner.
    • Assist in cross-border matters that impact insurance business
    • To provide effective advice on regulatory concerns that may impact digital underwriting.
    • Oversee horizon scanning in relation to changes in regulation with emphasis on technology and insurance.
    • Keeping abreast of related key regulatory and legislative changes which may impact on the firm's businesses.
    • Provide support on relevant regulatory reviews.
    • Act as the key compliance contact and officer to the company for regulatory matters.
    • Assist Senior Compliance Officer on Cross-border matters.
    • Responsible for Canadian regulatory returns.
    • Provide compliance advice and act as a key contact to underwriting and claims staff in Canada.
    • Act as the North American representative for cross-border compliance
    • Embedding compliance culture within Beazley
    • Assist in the design of periodic compliance risk assessments and regulatory status reviews
    • Provide training to Canada staff and liaise with the required regulators.

      Skills and Abilities

      • Excellent oral and written communication skills.
      • Demonstrated ability to build positive relationships with a wide range of stakeholders and with the assistance of the Senior Compliance Officer and Head of Cross-Border, challenge, negotiate with, influence and persuade stakeholders.
      • Good research skills, with a focus on insurance regulatory research and Insurtech.
      • Ability to determine, understand and analyze regulatory requirements and their impact on insurance.
      • Ability to be proactive and take initiative with a degree of independence.
      • Analytical, with good attention to detail and the ability to produce high quality advice.
      • Strong organizational skills and ability to work on multiple tasks.
      • Ability to appreciate the importance of, track, and meet deadlines, manage stakeholders' expectations.
      • Ability to look into efficiencies and seek automation where applicable.
      • Interest in international regulations and laws.

        Knowledge and Experience

        • Insurance experience
        • A good understanding of regulation and regulatory expectations on insurers.
        • Legal or compliance background necessary.
        • Experience of regulatory/ ompliance capacity supporting the insurance industry across multiple territories.
        • A good understanding of complex company structures.
        • Experience providing cross-border insurance advice is highly advantageous.
        • An interest in technology and automation is highly advantageous.
        • An understanding of the Canadian insurance market is highly advantageous.
        • Leading a risk assessment and implementing a compliance plan

Keywords: Infinity Consulting Solutions, Chicago , Senior Compliance Officer: International & Digital (Cross-Border) - Insurance tech - Remote, Other , Chicago, Illinois

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