Compliance Specialist

Primary Responsibilities

• Maintains and applies knowledge of regulations and regulatory changes relevant to the industry and the organization.
• Works with business relationship owners and vendors to train, educate, mitigate compliance risks, and drive industry best practices.
• Ensures regulatory standards are applied to organizational policies, procedures, and/or products.
• Performs risk assessments on operational areas with regulatory lines of business.
• Conducts monitoring, auditing, and surveillance of operational functions, reports results to stakeholders, and takes compliance actions in response to findings.
• Responds to compliance related questions, complaints, and incidents.
• Works with stakeholders to develop corrective action plans.
• Facilitates organizational compliance training on general compliance and other topics required by regulation.
• Analyzes and communicates business impact and potential risks to leadership.
• May identify areas of non-compliance.
• May develop relationships with regulators and respond to inquiries, surveys, and audits, as requested.
• Performs other duties and responsibilities as assigned.

Experience

3 years’ internal audit, legal, compliance, insurance government program, and/or relevant experience.

Education

Bachelor’s Degree or equivalent work experience (One-year relevant experience is equivalent to one-year college).

Level Specific Responsibilities

• Ability to review compliance issues with some supervisory oversight.
• Communicates with state insurance departments and other regulatory agencies, as required.
• Assists in documenting procedure manuals, and processes; identifies process efficiencies.
• Provides support and expertise for projects.
• Identifies matters that may need to be escalated within the department.
• Delivers well-reasoned and detail-oriented work product of solid quality and effectively incorporates feedback.

Accountability/Complexity

• Works independently on moderately complex projects/assignments and seeks guidance on projects/assignments of higher complexity.
• May provide guidance and assistance to subordinate professionals and/or support employees.

Benefits

• Comprehensive full medical, dental and vision Insurance
• Basic Life Insurance at no cost to the employee
• Company paid short-term and long-term disability
• 12 weeks of 100% paid Parental Leave
• Health Savings Account (HSA)
• Flexible Spending Accounts (FSA)
• Retail savings plan
• Personal Paid Time Off
• Paid holidays and company-wide Wellness Day off
• Paid time off to volunteer at nonprofit organizations
• Pet friendly office environment
• Commuter Benefits
• Group Pet Insurance
• Employee Assistance Program (EAP)