SVP, Compliance Officer

Fortitude Re•Jersey City, NJ

About The Position

Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world’s leading providers of legacy reinsurance solutions, working with top insurance companies to execute comprehensive, transformational solutions for legacy Life & Annuity and P&C lines. The company manages approximately $111 billion in general account assets across various insurance products and is backed by institutional investors led by The Carlyle Group and T&D Insurance Group. Fortitude Re, incorporated in Bermuda in 2017, boasts a leadership team with extensive industry experience and proprietary risk modeling capabilities to structure bespoke transactions. The Senior Vice President, Compliance Officer is a senior leadership role responsible for providing regulatory guidance and leading key components of Fortitude Re's compliance function. This includes ensuring adherence to applicable laws and regulations, developing and implementing compliance policies, and leading a team of compliance professionals. This unique role involves leading the execution and operationalization of the enterprise compliance framework and overseeing the day-to-day activities of the broader compliance team. The SVP, Compliance Officer collaborates closely with senior management, regulatory bodies, and other stakeholders to maintain a robust compliance framework and mitigate compliance risks, reporting directly to the Managing Director, Chief Compliance Officer and operating with significant autonomy.

Requirements

Bachelor’s degree in compliance, finance, accounting, business administration, law, or a related field.
Minimum of 15 years of experience in compliance, regulatory affairs, or a related field within a regulated industry.
Extensive experience in developing and implementing effective compliance programs.
Proven track record of managing interactions with regulatory bodies.
In-depth knowledge of regulatory requirements and compliance standards.
Proven ability to lead and manage teams
Excellent analytical and problem-solving skills.
Proven ability to work effectively in a high-pressure and fast-paced environment.
Collaborative approach.
Discretion with confidential information, excellent judgment.
Excellent attention to detail, organizational and time management skills.
Excellent communication and interpersonal skills.
Leadership, influencing and indirect team management abilities.
Proficiency in compliance management software and Microsoft Office Suite.

Nice To Haves

Advanced degree (MBA, JD) or professional certifications (e.g., Certified Regulatory Compliance Manager (CRCM), Certified Compliance and Ethics Professional (CCEP) preferred.
Experience in the reinsurance or insurance industry preferred.
Investigation expertise, including employment and labor law experience preferred.

Responsibilities

Offer strategic regulatory and compliance counsel to business and functional partners including People and Culture practice with specific focus on crisis management and incident response, technology and cybersecurity matters, privacy and information security, third-party risk oversight, regulatory reporting and the governance of artificial intelligence.
Lead the execution and continuous improvement of the Companies’ core compliance program including the following: Strategic Compliance Leadership
Act as a senior advisor to the Chief Compliance Officer.
Support the Chief Compliance Officer in delivering strategic regulatory and compliance guidance.
Lead and manage teams within the compliance function, setting objectives and expectations for the team.
Drive execution of compliance priorities across teams.
Lead the implementation, governance, and continuous improvement of the compliance framework including the Company’s Policies and Standards.
Oversee periodic compliance monitoring and testing.
Ensure the organization’s operations comply with federal, state, and industry-specific regulations.
Review, conduct gap analysis and implement compliance policies and controls to comply with new regulations.
Continuously monitor and assess the effectiveness of the compliance program and make necessary adjustments.
Oversee and support execution of key elements of the corporate compliance program including Cyber, Privacy, Data Security, Data Governance, AI Governance, AML, Fraud, Code of Conduct, third party risk management, etc.
Contribute to the Companies Governance processes, including board reporting.
Oversee and manage Compliance technology systems and operations (i.e., Regulatory Filings, Policy Framework, etc.)
Lead and execute the crisis management strategy defined by the CCO.
Oversee the legal and compliance function in all crisis management and incident response activities, ensuring swift, compliant, and coordinated actions across the organization.
Partner with regulators and support regulatory interactions, providing legal/regulatory guidance during crises including guidance on regulatory, reputational, and contractual implications.
Oversee incident response governance, including investigation standards and escalation protocols, and ensuring robust investigation and reporting frameworks are in place.
Collaborate with executive leadership, communications, and risk teams to develop and execute response strategies that minimize legal exposure and reputational damage.
Stay informed about changes in regulatory requirements and assess their impact on the organization.
Ensure timely and accurate submission of all crisis-related regulatory filings and reports.
Manage and support regulatory examinations, including data collection, review and submission to regulators.
Act as a key contact for regulators in coordination with the Chief Compliance Officer and respond to inquiries, audits, and investigations.
Active participation in industry groups and leadership forums to drive regulatory engagement.
Provide legal/regulatory and compliance guidance, including overseeing governance for emerging regulatory and compliance risks including cybersecurity and artificial intelligence.
Conduct compliance risk assessments and develop strategies to mitigate identified risks.
Implement and monitor controls to ensure compliance with regulatory requirements.
Collaborate with the risk management and internal audit teams to identify and address compliance risks.
Lead development and delivery of compliance training programs for employees at all levels.
Ensure that staff are knowledgeable about compliance policies, procedures, and regulatory requirements.
Provide ongoing guidance and support on complex compliance issues.
Provide primary legal and compliance leadership and support for employee investigations, including recommendations and resolutions of issues.
Manage the company’s Ethics Hotline, including reviews and investigations.
Conduct compliance reviews and investigations as needed.
Lead and manage the Compliance and Regulatory filings team members providing leadership, guidance and support to the teams.
Provide continuous performance feedback, mentorship and professional development opportunities for team members.
Foster a culture of compliance and ethical behavior within the organization.
Drive workforce planning and capability development.
Work closely with senior management to integrate compliance into business strategies and operations.
Communicate effectively with internal and external stakeholders regarding compliance matters.
Prepare and present compliance reports to the board of directors and executive leadership.