Chief Compliance Officer

$200,000 - $225,000/Yr

Privilege Underwriters - Warren, MI

Full-time - Senior

Warren, MI

Insurance Carriers and Related Activities

About the position

The Chief Compliance Officer is a vital member of the Legal and Compliance team, responsible for ensuring the company's adherence to all applicable laws and regulations in the insurance sector. This role involves updating compliance processes, fostering a culture of compliance across the organization, and acting as a liaison with regulatory agencies. The position is based in various locations including Warren, NJ, New York City, and others, and requires a strong commitment to compliance in all aspects of the business.

Responsibilities

• Update existing processes and build a regulatory monitoring program to ensure ongoing compliance and regulations.
• Collaborate across the organization to build consensus and foster a culture of compliance.
• Analyze statutory and legal changes to determine compliance impacts on all lines of business.
• Coordinate the company's response to market conduct examinations and regulatory inquiries.
• Act as a liaison between the company and regulatory agencies.
• Manage the broker appointment and licensing process.
• Oversee the AML & OFAC processes.
• Monitor bulletins, circulars, and alerts for compliance.
• Collect and aggregate data, perform data analysis, and generate key metrics and reports.
• Assist in the creation of compliance reports and implementation of controls related to compliance programs.
• Participate in cross-functional compliance initiatives.
• Review and ensure compliance with contracts and internal policies.
• Identify and document processes and oversee compliance with reporting requirements.

Requirements

• 7 to 12 years of experience at an insurance carrier in a legal or compliance position.
• Bachelor's Degree required; J.D., advanced degree, or industry certifications preferred.
• Property & Casualty experience, preferably in personal lines.
• Strong communication and leadership skills.
• Ability to build consensus and foster collaborative relationships across departments.
• Experience with technology solutions for compliance oversight.
• In-depth understanding of U.S. state-by-state compliance requirements for admitted and surplus lines insurance.
• Familiarity with Canadian and other international regulatory requirements is a plus.
• Strong written and oral communication skills.
• Strong project management skills and ability to balance multiple priorities.
• Highest level of integrity and honesty.

Nice-to-haves

• J.D. or advanced degree in a related field.
• Industry certifications such as CPCU, AIC, or ARM.

Benefits

• Competitive salary range of $200k-$225k based on experience and location.
• Support for personal passions and professional development.
• A commitment to fostering a diverse and inclusive work environment.