The Compliance audit is a newly created function within the domestic
life division. The long term objective is to effectively plan and
execute audits and projects that provide assurance to management that
appropriate operational processes and controls are in place, are
appropriately in compliance with applicable laws and regulations, that
compliance risk and fines from non compliant activities will be
mitigated, and reduce market conduct examination exposure. Some of the
big challenges facing this position are as follows. This person will
assist the audit director in developing appropriate compliance audit
programs and processes. They will effectively execute relative audits to
validate and ensure compliance remediation plans already committed by
management are timely and properly implemented to avoid repeat
violations and mitigate compliance risks.
Organization Structure and Interfaces
The Compliance auditors will work and interact with employees at all
levels across the domestic life division, and will execute assigned
audits / projects independently with little supervision. This person
must understand and respect the importance of team spirit and must
interact well with others, must be a team player with a positive
attitude and willing to “pitch in” whenever necessary.
Performance Objectives
Develop audit programs/ processes to effectively execute follow-up
audits to validate remediation plans agreed by management to rectify
operational regulatory non-compliant deficiencies identified in market
conduct examinations, internal audits, and/or Sarbanes Oxley
certification reviews are timely implemented and functioning properly as
designed.
Perform ongoing compliance integrated risk assessments and evaluations
to identify relative regulatory implications and risk exposures. Consult
with applicable task forces and management to ensure effective and
efficient regulatory control structures are developed, appropriately
implemented, and maintained.
Analyze organizational (operations & systems) workflows and procedures
for appropriate assessment of organizational performance (existing
policies, procedures, guidelines, controls in place) against standard
operating procedures, applicable laws and regulations.
Develop audit programs/ processes to execute operational compliance
audits, including TPAs as appropriate, assess relative risks and
controls to detect and address any operational activities that are
non-compliant with applicable laws , regulations, company policies and
procedures. Identify cost savings, problem prevention, or other process
improvements, as applicable.
Assist in the development of new policies and procedures relative to
regulatory insurance and operational matters, as appropriate.
Prepare high quality, well-organized deliverables within the budgeted
hours that support completed audit and
conclusions which include narratives, flowcharts, walkthroughs, test
work, audit findings, and process improvement recommendations.
Basic Requirements
BS degree and 2-3 years of audit experience
and/or 6+ years of compliance experience, with knowledge of insurance
operations (life, annuity, health) and compliance principles, securities
knowledge a plus. Experience with market conduct examinations is
preferred. 15-20% overnight domestic travel will be required for this
role. Knowledge of internal controls, risk assessments and/or monitoring
functions. Aptitude to quickly learn and understand operations under
review, pertinent insurance laws, regulations, and guidelines. Strong
analytical and creative skills are required to analyze organizational
(operations & systems) workflow and procedures for appropriate
evaluation of organizational performance against standard operating
procedures, applicable laws and regulations. Solid critical thinking and
problem solving skills. Integrity, decisiveness, and good judgment.
Excellent organizational, verbal, and written communication skills.
Ability to work & interact effectively with employees at all levels in a
highly matrixed organization. Ability to work under tight deadlines and
remain flexible. Self-motivated to manage a diverse and demanding
workload. Self-starter, work independently with minimal supervision and
as a team member. Highly skillful in MS office applications (Excel,
Word, Access, PowerPoint). Professional designations would be a plus
(CPA, CIA, CLU, FLMI, AIRC)!
Qualified candidates please forward cover letter and professional resume outlining compensation, geographical preferences, and availability in complete confidence to:
Susanne Eisenberg, Accounting & Finance Group Manager,
seisenberg@pailingroup.com.
Pailin Group Professional Search Consultants
Dallas Corporate Offices
Our standards are as high as yours are, since 1989.
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