PURE Group of Insurance Companies
Chief Compliance Officer
PURE Group of Insurance Companies, New York, NY
About the role.
The Chief Compliance Officer is a key member of the Legal and Compliance team and will be based out of Warren, NJ, New York City, White Plains, NY, Charleston, SC, Chicago, IL, or Boston, MA.
This individual will help drive the Company's ongoing commitment to compliance with all applicable laws and regulations across admitted insurance, surplus lines, and corporate, (e.g. AML, OFAC, etc.) matters, while also ensuring adherence to internal policies and procedures.
What you'll do.
The Chief Compliance Officer will be responsible for the following:
What we're looking for.
The base salary for this role can range from $200k-$225k, based on a full-time work schedule. An individual's ultimate compensation will vary depending on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience.
#LI-Onsite
The Chief Compliance Officer is a key member of the Legal and Compliance team and will be based out of Warren, NJ, New York City, White Plains, NY, Charleston, SC, Chicago, IL, or Boston, MA.
This individual will help drive the Company's ongoing commitment to compliance with all applicable laws and regulations across admitted insurance, surplus lines, and corporate, (e.g. AML, OFAC, etc.) matters, while also ensuring adherence to internal policies and procedures.
What you'll do.
The Chief Compliance Officer will be responsible for the following:
- Update existing processes and build a regulatory monitoring program to ensure ongoing compliance and regulations
- Collaborate with other across the organization to build consensus, foster a culture of compliance, and align business objectives with regulatory requirements.
- Analyze statutory and legal changes to determine the applicable compliance impact on all of PURE's lines of business;
- Coordinate the company's response to market conduct examinations, consumer complaints, and other regulatory inquiries;
- Act as a liaison between the company and regulatory agencies
- Manage the broker appointment and licensing process;
- Manage the AML & OFAC process;
- Monitor bulletins, circulars and alerts to ensure PURE's compliance;
- Collect and aggregate data, perform quantitative and qualitative data analysis, identify trends, and generate key metrics and reports;
- Assist in the creation of compliance reports;
- Assist with the implementation and execution of controls related to the Company's compliance program and key risk areas;
- Participate in cross-functional compliance initiatives to ensure compliance in all areas of the Company;
- Review and ensure compliance with contracts and agreements;
- Create, review and ensure compliance with internal policies and procedures; and
- Identify and document processes and overseeing compliance with all reporting requirements.
What we're looking for.
- 7 to 12 years of experience at an insurance carrier working in a legal or compliance position;
- Bachelor's Degree required; J.D., advanced degree, or industry certifications (such as CPCU, AIC, or ARM) preferred.
- Property & Casualty experience, preferably personal lines;
- Strong communication and leadership skills with the ability to engage with executives and promote a compliance-focused culture.
- Ability to build consensus and foster collaborative relationships across departments.
- Experience with technology solutions to enhance compliance oversight, including tracking and analyzing data points to improve compliance monitoring and risk management.
- In-depth understanding of U.S. state-by-state compliance requirements for admitted and surplus lines insurance as well as corporate compliance matters. Familiarity with Canadian and other relevant international regulatory requirements a plus.
- Strong written and oral communication skills;
- Strong project management skills and a proven ability to balance multiple priorities in a dynamic environment;
- Highest level of integrity and honesty.
The base salary for this role can range from $200k-$225k, based on a full-time work schedule. An individual's ultimate compensation will vary depending on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience.
#LI-Onsite