Insurance Industry Expert
1 week ago
Job Description: We are seeking an Insurance Industry Expert to join our team at INCOME INSURANCE LIMITED. As a key member of the Compliance Department, you will be responsible for providing advisory support relating to relevant regulatory requirements, addressing needs in new initiatives and projects.
Key Responsibilities:
- Regulatory Guidance: Provide advisory support relating to relevant regulatory requirements, addressing needs in new initiatives and projects.
- Material Review: Review and approve materials for new product launches, marketing initiatives, and incentive campaigns to ensure compliance with regulatory requirements.
- Advisory Support: Offer guidance on existing products to ensure their compliance review process is managed effectively and in accordance with regulatory requirements.
- Change Management: Provide guidance to the business on changes to regulatory requirements where required.
- Internal Policy Review: Review internal policies and guidelines relating to Compliance's review of materials and campaigns.
- Process Improvement: Conduct periodic assessments of the review process to identify areas for improvement.
- Risk Assessments: Support risk assessments, auditing, and monitoring activities in accordance with the compliance program. Assess risks and identify potential areas of compliance vulnerability in the area of product review process.
- Additional Tasks: Handle ad-hoc tasks/projects assigned by the Head of Compliance.
Requirements:
- Education: Bachelor's degree in Business, Finance, Law, or a related field.
- Certifications: Relevant certifications in compliance (e.g., ICA, ACAMS) are advantageous.
- Experience: Minimum 3 - 4 years' experience in regulatory compliance, preferably within the insurance or financial services industry.
- Industry Knowledge: Experience in the financial services industry (preferably insurance), strong knowledge of insurance-related policies e.g. LIA, FAA, FAS etc.
- Skills: Experience reviewing marketing materials for regulatory compliance is highly desirable.
- Collaboration: Possess a collaborative team player mindset with ability to work autonomously with time management skills.
- Interpersonal Skills: Strong interpersonal and communication skills, with the ability to collaborate effectively across departments.
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