Job title:
Director, Compliance (Remote)
Company
DGA
Job description
Director, Compliance – 9681(Remote with up to 4 days a month in Toronto Office)Our client is a dynamic and evolving organization that provides essential support to the P&C insurance industry across Canada. They are recognized for their specialized approach in assisting clients with unique liability insurance solutions.They are seeking a Director of Compliance who will take charge in ensuring that the team’s roles, responsibilities and outcomes are seamlessly coordinated and maximized to align with the Company’s robust risk management, controls and governance framework. This dynamic leader drives and executes compliance initiatives, including Member and Servicing Carrier audits, ensuring the Company’s practices stay ahead of industry best practices. This Director will provide strategic thought leadership to the Company while also overseeing and actively engaging in critical activities, such as FSRA audits (Financial Services Regulatory Authority), ensuring the highest standards of compliance are maintained at vital every level.KEY ACCOUNTABILITIES
- Identify and provide ideas for improvement within the Compliance Department and within the Company.
- Champion continuous improvement practices.
- Provide thought leadership to the Company.
- Develop/lead a high performing and engaged team of Managers and Auditors.
- Coach, mentor and develop career paths for direct reports, including formal annual performance reviews and development discussions.
- Attract, hire and retain a team of high-performing professionals who possess outstanding knowledge, experience and adhere to corporate values.
- Fill vacancies as required and oversee the onboarding/training process for new hires.
- Ensure the team adheres to the schedule for deliverables.
- Collaborate with Managers, Directors, SLT and others within the Company as needed.
- Manage audit planning, reviews and execution to include both Member and Servicing Carriers.
- Act as a department expert and resource to when responding to escalations or observations found within audits.
- Oversee, participate and/or provide guidance for internal controls (CSAE 3416), third party risk management compliance and data governance.
- Participate in strategic initiatives to bring a compliance lens and assess impact and post implementation operations.
- Present updates to the Audit & Risk Committee and Company Leadership.
- Ensure the annual risk-based audit plans are developed and approved.
- Ensure the approved plan is implemented as designed.
- Ensure proper resourcing for the implementation of the plan relative to the risk level.
- Ensure the plan is adjusted as needed in response to changes in risks, operations, systems, controls, or new/upcoming compliance requirements.
- Ensure final audit reports are issued and distributed to the appropriate stakeholders.
- Ensure audit software is leveraged as appropriate.
- Ensure annual FSRA audit processes are completed as planned.
- Reporting
- Present dashboards outlining the status and effectiveness of audits.
- Lead and participate in Special Projects within the department or cross-functionally.
KEY QUALIFICATIONS / ATTRIBUTES
- Degree in Accounting, Finance or Business.
- Certified Internal Audit (CIA) and/or Certified Public Accountant (CPA) Designation
- 15 years of auditing and risk management experience
- 10 years of progressive senior/leadership roles in compliance with a proven ability to lead develop and motivate a team through change management/improvements
- Experience in Property and Casualty Insurance and Automobile Underwriting and Claims knowledge
- Ability to plan, organize and control multiple initiatives in an accurate, timely and effective manner through project management
- Superior communication throughout collaboration with professionals both inside and outside the Company
- Effective dealing with complex information, persuading, influencing, selling, teaching, counseling and team building
- Tactful and courteous handling difficult situations and problem solving with non-standardized variables
- Strong interpretive skills and analysis using logical, evaluative and professional thinking to define problems, collect information, establish facts and form valid solutions
- Well-rounded decision making relative to overall organizational policies in terms of feasibility, compatibility and effectiveness
- Sound discretion and judgement in translating broad organizational goals into specific objectives while understanding initiatives and directing activities fully impacting a department
- Skilled at hiring, evaluating, motivating and disciplining managers in their performance
- Experienced at formulating budgetary needs for programs and projects
- Technically confident using database systems and spreadsheets as well as other Microsoft Applications
Experienced candidates please forward your resume in confidence to or text 437-227-8719. If you are working with another DGA recruiter, feel free to ask them about this position. Thank you to all who apply. Only qualified applicants will be contacted.DGA Careers has been proudly serving the Canadian insurance industry for over 30 years, specializing in providing insurance recruiting services to major insurers, insurance brokerage firms and independent adjusting firms. With offices in Toronto, Vancouver, Montreal, Edmonton, and Calgary, DGA Careers is well positioned to conduct searches with a national scope. Our unrivalled professional network across Canada provides us with the ability to reach vital key influencers and passive candidates nationally.
Expected salary
Location
Toronto, ON
Job date
Fri, 14 Mar 2025 06:30:25 GMT
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