Compliance Officer-product - Mississauga, Canada - Primerica

Primerica

Verified Company

Mississauga, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

About this Position

Role requires knowledge an understanding of all applicable Life Insurance Company Federal and Provincial laws and regulations as well as all applicable Federal and Provincial Privacy Laws and Regulations, and will extend to compliance with CASL and anti-money laundering laws as well as other regulatory obligations as may be assigned to the role.

The ability to work collaboratively with Executive Management and the management, oversight and supervision of a team of a compliance manager and compliance analysts and staff in a productive, supportive and professional manner is a key performance indicator.

Responsibilities and Qualifications

Responsibilities:

Responsible for the daytoday operations of the Life Insurance Division of the Regulatory Compliance Department
Responsible for ensuring proper oversight policies, procedures and compliance manuals are in place for the Life Insurance Company
Responsible for ensuring proper development of new and updated Privacy policies, procedures and guidelines to align with all applicable Federal and Provincial Privacy laws and regulations
Ensure that Regulatory Compliance Department policies and procedures are implemented and revised as necessary in accordance with legislative and regulatory requirements and facilitating the maintenance process for other key compliance policies
Assess the business units' integration of regulatory compliance requirements into written policies and procedures as well as client facing forms and disclosures
Support ongoing privacy compliance monitoring, assess risks, investigate incidents and potential breaches and recommend appropriate remedial and responsive action whether by the independent sales force, third party service providers or head office
Collaborate with the business units to implement regulatory changes and new legislative initiatives, including the development and revision of policies and procedures as necessary
Act as a resource for the business units and the field sales force on regulatory compliance matters and prepare, or assist with the preparation of, field bulletins and other guidance and information materials
Collaborate with the business units on the reporting and remediation of identified compliance weaknesses / deficiencies
Oversight of regulatory compliance updates to client facing forms and other related disclosures to ensure compliance with regulatory requirements
Responsible for the electronic legislative compliance management system (Ethidex) attestation and gap resolution process
Responsible for and oversee the ongoing maintenance, evolution and execution of compliance monitoring and testing programs
Collaborate with the Primerica Risk Management Department to facilitate appropriate integration of the quality assurance and other internal control related processes with the compliance program to minimize duplication with the monitoring and testing program
Management and coordination of regulatory compliance examinations (by regulators) and other audits and reviews, including document organization, production and acting as liaison with examiners
Responsible for the coordination of responses to and oversight of completion and filing of the CCIR's Market Conduct Annual Survey, Fair Treatment of Customer surveys and other regulatory reports and surveys as assigned
Preparation and presentation of regular reports to senior management and the Boards of Directors
May require attendance and contributions to internal committees, industry standing committees and ad hoc working groups, as requested
Ensure that representative and employee training programs, including the employee and field sales force Annual Compliance Meetings, administered through the Regulatory Compliance Department are maintained, updated and coordinated
Provide or facilitate the delivery of privacy orientation and education for employees, members of the independent sales force and others as required from time to time.
Ensure the Internal and Consultant Lobbyist are appropriately registered, and the accuracy of their registrations are maintained
Act as a resource for the business and the field force on Accessibility, Unclaimed Property and Cyber Security Risk
Other duties as assigned

Qualifications:

Law Degree/Member in good standing with the Law Society of Ontario AND/OR Appropriate professional designation(s) or equivalent knowledge/skills of a compliance professional acquired through work experience
Minimum ten years related work experience (Canadian Life Insurance Industry preferred)
Seven to Ten years' experience supervising and mentoring a team at a management level
Proficient knowledge/experience in legislative and corporate compliance management
Knowledge of industry practices and regulatory environment
Sound understanding of the operation of a financial services organization, excellent business judgment and ability to evaluate the impact of regulatory re