Compliance Specialist (contract)
About The Position
Reporting to the Compliance Manager, the Compliance Specialist will have responsibilities for compliance activities supporting Assurant Canada’s business lines. Candidates should have strong analytical and critical thinking skills, specifically as related to legislative and regulatory analysis and impact assessments. Experience or familiarity with creditor insurance and inclusive insurance benefits products would be an asset. Assurant Canada is the trade name of the Canadian branches of US based insurance companies, namely American Banker’s Insurance Company (ABIC), and American Banker’s Life Assurance Company (ABLAC), as well as an Ontario incorporated warranty company, Assurant Services Canada Inc. (ASCI).
Requirements
- University degree or equivalent post-secondary academic background
- 2+ years of experience in compliance, risk, quality assurance or similar role
- 2+ years of experience within a financial institution, insurance preferred
- Knowledge of Regulators and the regulatory environment for financial services in Canada
- Knowledge of Federal and provincial insurance acts and regulations
- Knowledge of Federal and provincial privacy legislation and regulations
Nice To Haves
- Ability to conduct effective legislative and regulatory research
- Ability to track and analyze information effectively
- Capable of drafting and reviewing policies and procedures
- Strong critical analysis and solutioning skills
- Strong communicator both verbally and in written form
- Demonstrated organizational and prioritization skills
- Demonstrated client service mentality
- Self-learner with a propensity to share knowledge
- Team player, independent worker, relationship builder
- Capable multi-tasker
- Experience or familiarity with creditor insurance and inclusive insurance benefits products
Responsibilities
- Conduct compliance and distribution oversight activities of Creditor/ Inclusive insurance products
- Monitor and assess legislative and regulatory developments; providing updates to Compliance team and the business line (including but not limited to creditor insurance, Environmental Social Governance, Artificial Intelligence, Privacy)
- Handle privacy matters related to Canadian privacy legislation and regulations, including initial investigation, analysis, recommendations and response to privacy access requests and complaints, working with the Canadian Privacy Officer and Assurant Global Privacy Office as needed
- Review and update of existing and drafting (as needed) of Assurant Canada Compliance policies and procedures
- Contribute to Compliance Reports to the Chief Agent for Assurant Canada and senior management
- Engage with and coordinate Assurant Enterprise on initiatives, policies and procedures as related to the Canadian Branch Office for ABIC and ABLAC
- Review Marketing/other collateral for applicable creditor insurance and inclusive insurance benefits business lines
- Enterprise Projects. E.g. Participation and supporting business in AI projects/ matters, participation in AI Legal & Compliance Governance calls
- Assist in maintenance of certain provincial insurance licensing/ registration requirements
- Provide assistance in regard to Assurant Canada’s Regulatory Compliance Management (RCM) Program e.g. Privacy
- Filing emails and records of our day-to-day projects/ work initiatives
- Assist with other compliance initiatives/activities as directed
Benefits
- For U.S. benefit information, visit myassurantbenefits.com. For benefit information outside the U.S., please speak with your recruiter.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
