Compliance Specialist, Distribution

IVARI•Toronto, ON

10h•CA$70,000 - CA$90,000•Hybrid

About The Position

The Compliance Specialist, Distribution is an existing role where you will be responsible for supporting the Distribution Compliance program through conducting pro-active licensed agents’ reviews, data, and trends analysis. You will ensure all assigned reviews of licensed agents’ market conduct and sales practices are handled in a professional, objective, and factual manner in accordance with regulatory requirements, fair treatment obligations and ivari policies.

Requirements

Post-secondary education that would align with the position
Minimum 3 years’ experience in a compliance role in the financial services industry at a bank, insurance company, or securities firm
Understanding of insurance activities, products, and practices
Strong verbal and written communication skills
Strong analytical skills to make rational and logical deductions at times with limited information
Ability to gather, analyze, organize, document and present large volumes of information in a succinct and organized manner
Current knowledge of regulations including relevant insurance policies and regulatory notices, applicable provincial and territorial rules, and regulations
Proficiency in MS Excel, Word, Outlook, and PowerPoint
Technical knowledge and skill/ability with information and data management related tools

Nice To Haves

Bilingual in English and French is an asset, but not mandatory

Responsibilities

Gather information and conduct impartial, independent, and objective review of licensed agents’ market conduct and sales practices, to verify that they align to regulatory requirements and ivari contracts
Conduct reviews and evaluation of unusual activities reported to Compliance department
Maintain a high level of expertise in regulations, directives and guidance which apply to ivari licensed agents
Conduct investigations (where necessary) and make appropriate recommendations based on findings
Ensure effective and timely communications with stakeholders on reviews conducted, including courses of action, outcomes, associated risks and recommendations
Prepare report or substantive response letters for reviews or compliance programs completed
Monitor licensed agents’ corrective and remedial action plans
Assist in review of escalated complaints on licensed agents’ market conduct or sales practices in accordance with regulatory obligations, fair treatment and ivari rules
Monitor and analyze trends in licensed agents’ conduct to recommend proactive measures for risk mitigation strategies to management
Perform any ad-hoc requests as necessary