Compliance Specialist

Department: Legal & Compliance

Employment Type: Fixed Term - Full Time

Location: Waterloo, ON

Reporting To: Nichad Goulamhoussen

Compensation: $80,000 - $110,000 / year

Description

Who we need
Reporting to the Compliance Director, Market Conduct and Monitoring & Testing, this is an opportunity to join a collaborative and high-impact Compliance team within Securian Canada. As a Compliance Specialist (12-month contract), you will play a key role in supporting and strengthening our Market Conduct program during a critical coverage period.

In this role, you will work closely with internal stakeholders and external partners to uphold high standards of ethical conduct across our distribution channels. You will lead compliance reviews, provide insightful analysis, and contribute to continuous improvement by identifying risks and recommending practical, value-added solutions. This role offers strong exposure to regulatory expectations, business operations, and cross-functional collaboration, making it an excellent opportunity to deepen your expertise in compliance within the insurance and financial services industry.

The base salary range for this position is between CAD $80,000 and CAD $110,000, depending on experience. Details of our additional benefits are outlined below.

This job posting is for an existing vacancy. Only one position is available; however, it may be based in multiple locations: Toronto (ON), Waterloo (ON) or Montre9al (QC).
We use artificial intelligence tools in our recruitment process to help with application review and improve the efficiency of our assessments. These tools are used responsibly and do not replace human decision-making, as we continue to manually review all applications.

What you will do

• Perform compliance reviews of our contracted agencies and their advisors of our distribution channels (Life & Health, Group Creditors, Affinity and Associations, Financial institutions and Finance companies) according to applicable regulatory requirements, industry best practices, and internal Policies and Procedures.
• Identify gaps and verify content for quality and compliance.
• Prepare the pre-review stage, including capturing the delegate functions per the agreements, identifying potential increased risk and/or focus areas, and scheduling the reviews.
• Tailor the program documents to the distribution channel, including review questionnaires, reporting templates and action plans.
• Conduct testing, sampling, test procedures, and interviews with key personnel and advisors.
• Summarize the interviews, draft observations and provide relevant recommendations.
• Issue a final report, including observations and recommendations for accurate and best practice considerations.
• Request and track remediation action plans outlining correction of any identified observations within a stated timeframe.
• Raise high-risk observations and report the remediation status and validation of open issues.
• Establish and maintain relationships with agencies' compliance departments and internal stakeholders.
• Maintain a compliance recordkeeping system.
• Identify and recommend opportunities to enhance, improve and refine the review program documentation, existing compliance policies and procedures, and department process efficiencies.
• Keeping up with compliance requirements and regulation amendments to ensure assigned reviews reflect current expectations and standards.
• Build strength in the Compliance team by actively participating in team meetings and supporting team goals.
• Train and support agency staff and advisors on regulatory matters and prudent risk management business practices.
• Participation in Compliance projects and additional related duties as may be assigned.

What you will bring

• Industry-related university degree and accredited compliance management certification.
• 1 to 3 years of previous experience in an Insurance or financial services industry in a compliance or audit function is required.
• Excellent English written and verbal communication skills are required.
• French written and verbal skills would be an asset.
• Professional accounting designation (CA, CMA, CGA) or Certified Internal Auditor (CIA) certification would be an asset.
• Good knowledge of insurance industry legislation, compliance requirements and standards, distribution channels and associated business processes.
• Proficiency in MS Office.
• Exceptional organizational skills, ability to prioritize assignments and strong attention to detail.
• Excellent interpersonal, negotiation and influence skills.
• Strong analytical skills and proven ability to interact with all levels of management and staff.
• Good presentation skills.