Regulatory and Compliance Specialist
About The Position
We are searching for an experienced Regulatory and Compliance Specialist at our Connecticut office. Wilton Re is an industry leader in the life (re)insurance space, specializing in the acquisition of in force life insurance and annuities. We are experienced industry specialists focused on the risk, capital and operational needs of our clients’ businesses. We provide our clients with the services they need from in force transactions and product development to underwriting and new business strategies. Wilton Re has the resources and expertise to pursue and successfully manage the largest life and annuity transactions in the market. The Regulatory Compliance Specialist will support the Compliance Department generally to ensure the U.S. based companies in the Wilton Re enterprise are in compliance with insurance laws and regulations. This position is primarily responsible for and will serve as the subject matter expert regarding regulatory and statutory changes. This will include reviewing changes to the law, determining applicability, creating a summary, and distributing to relevant business units and parties. The Regulatory Compliance Specialist may occasionally assist with responding to state insurance department data calls, managing the compliance calendar, conducting/assisting with internal reviews of documentation or processes, and ad hoc compliance projects.
Requirements
- Minimum 3 years of experience in the legal or compliance department of a regulated entity or law firm representing regulated entities.
- Strong analytical and problem-solving skills.
- Demonstrated ability to manage multiple priorities and meet deadlines.
- Communicate effectively and succinctly.
- Ability to conduct regulatory and statutory research as required.
- Proven ability to work independently and as part of a team.
- Knowledge of life insurance products and operations preferred.
Nice To Haves
- Knowledge of life insurance products and operations preferred.
Responsibilities
- Track changes in laws and regulation using third party software, other research tools and advisories issued from regulatory authorities and trade groups.
- Analyze and interpret legal and regulatory changes and identify the compliance requirements.
- Take the lead role in communicating, implementing, and directing changes required by regulatory and insurance industry authorities, and later auditing processes to determine proper compliance.
- Verify that all regulatory changes have been documented, implemented, and communicated to relevant internal and external parties.
- Research and respond to regulatory and legislative questions from business units.
- Maintain relationships with compliance teams within our insurance and reinsurance partners including third party administrators.
- Work closely with Legal for interpretation of the laws and regulation and risk assessment.
Benefits
- Competitive vacation and sick time, including company-paid holidays, floating holidays and early closing days
- 401(k) plan with employer contribution - US Employees Only
- Profit Sharing Program
- Competitive parental leave
- Health, vision, dental, and life insurance, including access to health and wellness programs
- Actuarial Development Program (ADP) for Actuarial employees taking exams
- Employee Assistance Program (EAP)
- Current hybrid working environment
- Employee Engagement Events and various committees on site to join
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
