Compliance Analyst I - Regulatory and QA

Overview

Acts as a key resource in the Department’s effort to maintain compliance with applicable insurance and fraternal regulations. Provides subject matter expertise on a variety of compliance related topics. Supports various aspects of the Order’s compliance program including monitoring of regulatory change promulgated by state and provincial insurance departments. Partners with internal departments to ensure proper implementation of compliance. Reviews, assesses and analyzes a wide range of compliance activities and matters.

Core Responsibilities

• Support the regulatory change process for U.S. and Canadian jurisdictions, including monitoring for new/updated laws, reviewing changes in the law for applicability to the Society’s business, guiding the business to change processes to comply (or be in position to comply) with the regulatory changes
• Support a Quality Assurance program to test job performance of business partners in key operational areas
• Support the testing of business processes for compliance with relevant regulatory requirements
• Support Insurance advertising (including Enterprise advertising) reviews for Compliance and coordinate with Legal, Investments Compliance, and Field Management as appropriate
• Support the development of required training modules to KofC employees (and agents where appropriate)
• Support the Director of Regulatory Compliance and Quality Assurance and Compliance Analyst with Market Conduct Exams as appropriate
• Assist with the development and updating of team policy and procedures
• Support various compliance projects and report preparation required by state insurance departments. (This work often requires collaboration with Accounting, Actuarial and other departments. It is largely performed independently with limited supervision and must be completed within stringent, often short, time frames.)

Skills Qualifications

• Must possess broad technical insurance knowledge, including knowledge of insurance and annuity industry regulations and practices
• Must possess strong interpersonal and relationship-building skills and a demonstrated record of building effective working relationships at all organizational levels
• Must possess strong analytical and organization skills and the ability to manage multiple priorities

• Must possess a strong ability to influence and negotiate effectively
• Must possess excellent verbal and written communication skills
• Must be detail-oriented and strong with documentation
• Must be able to maintain confidentiality

Education

Required:

• Bachelor’s degree in relevant field
• Minimum of 3 to 5 years in insurance compliance
• Experience in life insurance compliance

Preferred:

• Insurance designations (e.g. FLMI, CLU, ACS, MCM)

Compensation

The wage range for this role takes into account a broad array of factors that are considered in making compensation decisions, including but not limited to: skill sets; experience and training; licensure and certifications; and other business and organizational -needs.  The range below applies as long as the work is performed in Connecticut; the Knights of Columbus reserves the right to adjust the wage range if the position is performed in another location.  At the Knights of Columbus, it is not typical for an individual to be hired at or near the top of the range for their role, and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $59,200-91,700.

Physical Demands

Authorization to work in the United States is required

This position is not eligible for visa sponsorship.