Compliance Assurance Specialist

Zurich Insurance Group•Schaumburg, IL

1d•Hybrid

About The Position

Zurich North America is hiring a Compliance Assurance Specialist to support implementation and execution of the organizational unit’s assurance obligations under the Zurich Compliance Program. The role supports business management in identifying and managing compliance risks, contributes to compliance risk assessments and risk-based assurance planning, and recommends improvements to the assurance section of the program. The specialist plans, executes, and reports on moderately complex assurance activities and supports more complex activities, including Design Effectiveness and Operating Effectiveness testing. The role also develops risk-based internal-control recommendations, contributes to governance and business-management reporting, coordinates with assurance providers across the three lines of defense, tracks progress against the assurance plan, and escalates overdue issues to the team lead. This is a full-time hybrid role based at Zurich’s North America headquarters in Schaumburg, Illinois, or fully remote from a home anywhere in the United States. Sponsorship is not offered.

Requirements

Bachelor’s degree and at least 4 years of experience in Claims, Marketing, Underwriting, or Compliance; or a high school diploma or equivalent and at least 6 years of experience in those areas; or Zurich Certified Insurance Apprentice, including an associate degree, and at least 4 years of experience in those areas.
Experience with Microsoft Office.
Project management experience.
Knowledge of underwriting and/or claims processes.
Experience working in a legal regulatory environment.

Nice To Haves

Internal audit, public accounting, or other assurance experience.
Knowledge of insurance regulatory risks and/or insurance underwriting or underwriting operations experience.
Experience working with internal control frameworks.
Strong problem-solving and analytical skills.
Strong verbal and written communication skills.
Financial services industry experience.
Experience collaborating in a team environment across business units.
Experience using data analytics; proficiency with Excel.

Responsibilities

Assist with implementing and executing the organizational unit’s assurance obligations under the Zurich Compliance Program.
Support business management in identifying and managing compliance risks.
Plan, execute, and report the outcomes of moderately complex assurance activities, and support more complex activities.
Conduct Design Effectiveness and Operating Effectiveness testing.
Develop sustainable, risk-based recommendations to help business management implement appropriate internal controls.
Contribute to reporting materials for governance committees and business management as directed by the Team Lead.
Build relationships and coordinate with other assurance providers across the three lines of defense.
Provide input to the Compliance Risk assessment.
Contribute to prioritizing and developing a risk-based compliance assurance plan, and suggest changes when needed.
Help report progress against the assurance plan and significant results, and bring overdue issues to the team lead’s attention.
Recommend ways to increase the effectiveness of the assurance section of the Zurich Compliance Program for the organizational unit.