Compliance Officer, Registrations (Insurance)

CI Financial•Toronto, ON

9d•Onsite

About The Position

At CI, we see a great place to work as one that is a safe place for everyone to have a voice, where people are empowered to take ownership over meaningful work, where there is an opportunity to grow through stretching themselves, where they can work on innovative products and projects, and where employees are supported and engaged in doing so. We are seeking a dedicated Compliance Officer to join our Insurance Registrations Team. The Registration Team oversees the licensing and contracting processes for our National Accounts firm, Assante Estate & Insurance Services Inc., as well as that of our contracted Advisors, with Canada’s provincial Insurance regulatory bodies. In tandem with this effort and in scope with ever evolving licensing and contracting requirements, the successful candidate will assist the team in fostering the close relationships with our valued Canadian insurance company partner carriers, advisors and regulators. The Compliance Officer will also ensure compliance with errors & omissions (E&O) matters, licensing & contracting requirements, and the facilitation, build out and administration of seamless processes and adherence to regulatory standards from a licensing and contracting perspective. CI Financial is an independent company offering global wealth management and asset management advisory services through diverse financial services firms. Since 1965, we have consistently anticipated and responded to the changing needs of investors. We are driven by a commitment to provide individuals and institutions with the highest-quality investments and advice. Our commitment to the highest levels of performance means that whatever their position, CI employees must be comfortable in a fast-paced environment that will stretch them to tap into their highest potential. Employees with a healthy dose of ambition, a desire to commit to a curious mindset for continuous learning, and a willingness to go the extra mile thrive at CI.

Requirements

Minimum 3 years of licensing and contracting experience with an existing National Accounts firm or Managing General Agency (MGA).
Exceptional attention to detail and strong organizational, time management, and analytical skills.
Proficient in producing accurate, clear, and concise documentation.
Excellent written and verbal communication skills.
Ability to work independently while managing highly sensitive, time-sensitive, and confidential information.
Working knowledge of WealthServ, NRD, proficiency in Microsoft Office programs (Word, Excel, Outlook and PowerPoint) and other internet-based applications.
Enthusiasm and a passion for compliance and regulatory processes.
Ability to multitask effectively and collaborate as a team player.

Nice To Haves

Industry designation(s) are appreciated (FLMI, ACS, AIAA)
Undergraduate degree preferred; post-secondary education in legal, finance, or a related field is an asset.

Responsibilities

Ensure applications for individual and corporate registrations are filed in accordance with all relevant CCIR and CISRO member regulator requirements as well as those of key industry stakeholders such as the CLHIA and Advocis.
Onboard and assist with advisor licensing and sponsorship requests, initial and ongoing screening, and review of advisor contracts for any deficiencies
Communicate any issues in the licensing, contracting, screening process with Compliance until the advisor’s contract completion and approval
Provide detailed advice to the business on registration requirements for both corporate and individual registrants.
Analyze all registration applications requiring approval by various regulatory bodies, ensuring compliance and accuracy.
Report approvals, withdrawal, termination, suspensions, and deficiencies to both the business and individual registrants in a clear and timely manner.
Update and maintain firm and advisor registrations data as needed with applicable regulators.
Act as a liaison with regulators to address complex registration matters, ensuring effective communication and timely resolution.
Maintain and update firm and advisor registrations with regulators, ensuring accuracy in the National Registration Database (NRD) related to disclosed outside activities for dually licensed advisors.
Assist with additional responsibilities, duties and initiatives as identified.
Preparing monthly active advisor reports and distributing them to all vendors and internal stakeholders.