Chief Compliance Officer

$200,000 - $225,000/Yr

Pure Insurance

Full-time - Senior

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, building a regulatory monitoring program, and fostering a culture of compliance across the organization. The Chief Compliance Officer will also act as a liaison with regulatory agencies and manage various compliance-related initiatives.

Responsibilities

• Update existing processes and build a regulatory monitoring program to ensure ongoing compliance and regulations.
• Collaborate with others across the organization to build consensus and foster a culture of compliance.
• Analyze statutory and legal changes to determine the compliance impact on all lines of business.
• Coordinate the company's response to market conduct examinations, consumer complaints, and regulatory inquiries.
• Act as a liaison between the company and regulatory agencies.
• Manage the broker appointment and licensing process.
• Manage the AML & OFAC process.
• Monitor bulletins, circulars, and alerts to ensure compliance.
• Collect and aggregate data, perform quantitative and qualitative data analysis, identify trends, and generate key metrics and reports.
• Assist in the creation of compliance reports.
• Assist with the implementation and execution of controls related to the compliance program and key risk areas.
• Participate in cross-functional compliance initiatives.
• Review and ensure compliance with contracts and agreements.
• Create, review, and ensure compliance with internal policies and procedures.
• 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 (such as CPCU, AIC, or ARM) preferred.
• Property & Casualty experience, preferably personal lines.
• Strong communication and leadership skills to engage with executives and promote a compliance-focused culture.
• Ability to build consensus and foster collaborative relationships across departments.
• Experience with technology solutions to enhance compliance oversight.
• In-depth understanding of U.S. state-by-state compliance requirements for admitted and surplus lines insurance.
• Familiarity with Canadian and other relevant international regulatory requirements is a plus.
• Strong written and oral communication skills.
• Strong project management skills and ability to balance multiple priorities.

Nice-to-haves

• Familiarity with Canadian and other relevant international regulatory requirements.

Benefits

• Base salary ranging from $200k-$225k based on experience and location.