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Director of Compliance

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As one of many world’s prime Worldwide Medical Insurance coverage firms, IMG helps people and corporations of all sizes. Each second of day-after-day, vacationers, these working or dwelling overseas for brief or prolonged intervals, folks touring often between nations, and those that preserve a number of nations of residence use our merchandise to present themselves world peace of thoughts® We need to develop our groups with individuals who share our energy and enthusiasm for creating the perfect expertise for vacationers. JOB DETAILS Location: Indianapolis, IN Relocation Bills Reimbursed: No Certified candidates should be legally licensed to be employed in america. IMG is not going to be offering sponsorship for employment visa standing (e.g., H-1B or TN standing) for this place. JOB SUMMARY This place is liable for monitoring, reporting and aiding operational leaders with sustaining or attaining business legal, regulatory, and operational compliance throughout the enterprise, together with by finishing operational and compliance audits and by coordinating compliance initiatives, reporting and risk assessments with mother and father, subsidiaries and associates. This place will work collaboratively with senior management, group leaders, and enterprise companions to obviously talk compliance requirements and supply the assist wanted for the Firm’s operational leaders to satisfy the Firm’s and Trade’s Finest Practices and repeatedly assist the development of the technical high quality of the Firm’s compliance, measuring compliance via the completion of audits and high quality critiques. The place will analyze and talk findings, advocate options, and help within the improvement of significant motion plans. PERKS Complete advantages bundle together with Medical/RX/Dental/Imaginative and prescient insurance 401k Plan with firm match Free worker parking On web site health middle Informal costume surroundings Tuition reimbursement plan DUTIES AND RESPONSIBILITIES Present oversight referring to the Firm’s compliance, together with the upkeep of a compliance monitoring plan Serve on committees, working teams and tasks required to coordinate compliance monitoring, reporting and new initiatives with father or mother firms and possession Present oversight on regulatory issues referring to any and all department workplaces of the businesses Work immediately with all Firm stakeholders relating to rollout and implementation of compliance insurance policies and procedures Monitor and assess third-party distributors’ and repair suppliers’ compliance packages Evaluate, edit, revise and, when acceptable, approve contracts affecting or revising Firm’s compliance obligations Monitor and report on compliance risk to govt management Skill to evaluate compliance with all relevant legal guidelines, guidelines and rules relating to the Firm’s services and products. Preserve an expert and credible profile with senior stakeholders within the Group, offering the central level of contact for compliance issues Supervise the compliance assets of the Group to make sure acceptable controls are in place at any given time Oversee and handle the compliance relationship with enterprise companions and assist audit necessities of the Group Implement and drive compliance change QUALIFICATIONS AND REQUIREMENTS Bachelor’s Diploma in Enterprise Administration or associated subject Minimal 5 years of expertise within the insurance or monetary providers business in a regulatory or compliance associated place Expertise with monitoring and reporting on information privateness and information security requirements Strong management abilities and talent to steer and develop a small group PREFERRED SKILLS AND QUALIFICATIONS JD desired The candidate ought to have the power to drive change in tradition, preserve integrity always, and be capable of information and affect Board considering Proactive method: this individual should be capable of have interaction with a dynamic enterprise to drive and ship regulatory greatest observe Skill to know industrial enterprise dynamics and articulate regulatory dangers to the enterprise managers for industrial choices Group participant with good interpersonal abilities Skill to work underneath stress to tight timelines and with out direct supervision. Organized and methodical Wonderful enterprise analytical abilities Wonderful communication skills, each verbal and in writing Information of the UK’s insurance regulatory framework – expertise of working inside the Lloyd’s Insurance coverage sector Expertise monitoring and reporting on compliance with: GDPR FISMA HIPAA NIST Information Safety Framework FCA Handbook Anti-Cash Laundering Guidelines and Rules Anti-Bribery and Corruptions Guidelines and Rules Solvency II Cost Providers Directive (Newest Model) SOC II Worldwide sanctions screening necessities underneath OFAC, EU, UN, Bermuda and different main frameworks Information and familiarity with world privateness and information security legal guidelines Earlier dealings with the FCA/FSA in respect of insurance. An appreciation of the regulatory challenges of buying and selling with brokers and purchasers primarily based inside and out of doors the US, EU and UK. IMG is dedicated to creating a various surroundings and is proud to be an equal alternative employer. All certified candidates will obtain consideration for employment with out regard to race, coloration, ethnicity, nationwide origin, faith, gender, gender id or expression, sexual orientation, genetic data, incapacity, age, veteran standing, and different protected statuses as required by relevant law.
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