Consultant, Corporate Compliance

Nationwide Mutual Insurance•Columbus, OH

1d•Hybrid

About The Position

Nationwide's Legal team is seeking a Consultant, Corporate Compliance to play a critical role in supporting and advancing the enterprise's fraud risk management program. This position is responsible for executing advisory, regulatory, and control activities designed to detect, prevent, and mitigate fraud risk across the organization, with a particular emphasis on Property & Casualty (P&C) insurance fraud. A significant focus of this role is providing fraud advisory support to business partners across the P&C insurance organization. This includes identifying emerging fraud risks, recommending control enhancements, supporting fraud risk assessments, and advising on complex fraud matters and investigations. The role also supports the preparation, review, and submission of fraud-related filings and reports to regulatory agencies and industry organizations, as appropriate. This position contributes to strategic initiatives aimed at modernizing the fraud program through advanced analytics, automation, artificial intelligence (AI), and emerging technologies, such as Power BI and Power Automate. The ideal candidate demonstrates an ability to leverage data and technology to increase operational efficiency and strengthen fraud reporting capabilities. Experience with AI-enabled solutions, workflow automation, machine learning, data analytics, or related technologies is highly desirable. Additionally, the consultant serves as a key contributor to the organization's fraud governance, monitoring, and continuous improvement efforts. Other responsibilities include fraud trend analysis, fraud detection and monitoring oversight, risk assessments, control evaluations, and support for fraud reporting and regulatory compliance activities. The Consultant will partner closely with claims, underwriting, legal, compliance, SIU, and other business stakeholders to strengthen fraud prevention and detection capabilities, enhance escalation processes, and improve overall program effectiveness. This role requires a strong focus on accuracy, timeliness, communication, and effective fraud risk mitigation. Prior experience in fraud governance, detection and/or prevention and a Certified Fraud Examiner (CFE) certification is a plus. The position will be located in Columbus, OH with a hybrid schedule. Consideration may be given for remote opportunity depending on experience. Are you someone who is compelled to “do the right thing?” Are you able to make decisions to ensure regulatory and legal compliance that protects a business and its customers? If you thrive in an environment where you can solve tricky issues and find ways to achieve business goals within the complex, highly regulated insurance industry, we want to know more about you! We work across the enterprise to help our business partners find ways to work through issues successfully. Nationwide's culture of compliance and passion for providing extraordinary care to its customers makes the Office of Compliance & Ethics a valued partner across the Nationwide enterprise. As a Compliance Consultant, you will collaborate with our business partners to ensure that business operations are conducted in compliance with regulatory, legal and organizational requirements. You’ll plan, perform and lead various types of compliance reviews with our business partners.

Requirements

Eight or more years of related work experience in financial services, insurance, compliance, or a related field.
Strong communication skills.
Proven ability to set priorities, organize work, and meet timelines.
Creative, innovative, analytical thinking, and problem-solving skills.
Able to optimally evaluate and recommend solutions to complex compliance issues.
Strong research and documentation development skills.
Experience with AI-enabled solutions, workflow automation, machine learning, data analytics, or related technologies is highly desirable.
Prior experience in fraud governance, detection and/or prevention is a plus.
Certified Fraud Examiner (CFE) certification is a plus.

Nice To Haves

Insurance, and/or financial services knowledge is preferred.
Data analytic experience is a plus.

Responsibilities

Executing advisory, regulatory, and control activities designed to detect, prevent, and mitigate fraud risk across the organization, with a particular emphasis on Property & Casualty (P&C) insurance fraud.
Providing fraud advisory support to business partners across the P&C insurance organization, including identifying emerging fraud risks, recommending control enhancements, supporting fraud risk assessments, and advising on complex fraud matters and investigations.
Supporting the preparation, review, and submission of fraud-related filings and reports to regulatory agencies and industry organizations.
Contributing to strategic initiatives aimed at modernizing the fraud program through advanced analytics, automation, artificial intelligence (AI), and emerging technologies.
Serving as a key contributor to the organization's fraud governance, monitoring, and continuous improvement efforts.
Conducting fraud trend analysis, fraud detection and monitoring oversight, risk assessments, and control evaluations.
Supporting fraud reporting and regulatory compliance activities.
Partnering closely with claims, underwriting, legal, compliance, SIU, and other business stakeholders to strengthen fraud prevention and detection capabilities, enhance escalation processes, and improve overall program effectiveness.
Provides multi-level and multi-issue compliance consulting and advisory services to a diverse mix of customers, including administration, sales, marketing, actuarial, systems, claims, attorneys, accountants, financial advisors, and government and regulatory agencies.
Analyzes various regulations impacting the products and procedures of assigned product and/or functional area.
Facilitates the development of policies and procedures and collaborates with our business partners to implement them.
Creates and maintains various reports and metrics for trend analysis.
Creates and maintains internal manuals, documentation files, and other related regulatory records on more complex subjects, ensuring that our records and resources are up-to-date and remain accurate.
Stays informed of compliance and regulatory industry updates and trends by attending professional seminars and continued education programs.
Applies information learned to advance or enhance the compliance program.
Creates and facilitates various types of compliance training or presentations for business partners, often on more complex subject matter.
Leads the production of documents and requests for regulatory exams, investigations, subpoenas, etc. including responses to regulatory inquiries.
Collaborates with business leaders to develop and implement corrective actions for identified compliance issues.
Monitors corrective action through resolution.
Identifies innovation and continuous improvement opportunities.
Follows through to develop the ideas in collaboration with business partners and Compliance staff.
Performs risk assessments and modifies compliance program accordingly.
Creates and performs testing on business unit procedures to ensure compliance with business unit policies.
Analyzes results to identify key trends and makes recommendations to our business partners accordingly.
Employs data analytics to strengthen and expand compliance program.
Performs other responsibilities as assigned.