Purpose:The Director of Regulatory Execution is accountable for ensuring the Pricing & Underwriting Division's operations and business practices comply with regulations thereby mitigating regulatory, compliance, financial, operational, and reputational risk. The Director of Regulatory Execution will oversee the research and adoption of regulations by working cross functionally with departments within the Pricing & Underwriting Division and the Legal & Compliance Division.
The Director of Regulatory Execution will partner with designated representatives of the Pricing & Underwriting Division and the Legal & Compliance Division by facilitating working groups to map out and design the path forward for the execution of regulations. The expected outcome is cross functional collaboration, risk minimization, and regulatory compliance thereby ensuring the company adheres to regulations.
Roles & Responsibilities:- Remain apprised of changing regulations to include analyzing their impact on the organization.
- Develop and maintain documentation to include comprehensive standard operating procedures, policies, and training programs to ensure adherence to regulations.
- Identify, assess, and mitigate risks while partnering with respective subject matter experts resulting in the development of strategies that position the organization to adopt regulations.
- Identify and consult on the resolution of operational risks relative to workstreams designed to efficiently and effectively enable adherence to regulations.
- Maintain an informative tracking system of key deliverables in support of the adoption of regulations.
- Collaborate with business units to identify and assign resources for regulatory compliance actions.
- Work closely with functional departments to ensure regulatory requirements are integrated into business operations.
- Ensure roles and responsibilities that pertain to the research, implementation, and adherence to regulations are clearly defined and communicated across the Pricing & Underwriting Division and the Legal & Compliance Division.
- Establish and maintain a communication plan to timely inform stakeholders on progress and/or bottlenecks affiliated with the adoption of regulations.
- Utilize the OneSumX tool to track and manage regulatory compliance activities.
- Utilize project management techniques to facilitate cross functional work groups to enable timely identification of potential challenges, conduct end to end process mapping, and moderate ideation discussions thereby positioning the adoption of regulations.
- Develop and maintain an escalation path for issue resolution thereby keeping the implementation of regulations on track.
- Identify and address potential regulatory compliance risks and issues.
Strategic Value (Key Contributions, Role Impact, Value to the Organization): - Improved regulatory compliance: reduce the risk of non-compliance with regulations and associated fines and/or department of insurance inquiries.
- Increased efficiency: Standardized processes and procedures will reduce duplication of effort resulting in improved productivity.
- Enhanced collaboration: Improved communication and coordination among cross functional teams will lead to better outcomes and reduced errors.
- Better risk management: Proactive identification and mitigation of regulatory, compliance, financial, operational, and reputational risks will reduce the likelihood of adverse outcomes.
Education, Certifications & Designations: Required:
Preferred:
- Masters Degree
- Certified Internal Auditor
- Project Management
- Lean Six Sigma Black Belt
- Associate in Risk Management
We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:
- Two options for your health insurance plan (PPO or High Deductible)
- Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children)
- Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)
- Prescription drug coverage (included in your health insurance plan)
- Short and Long Term Disability coverage
- Vision and dental insurance plans
In addition to the above insurance offerings, our employees also enjoy:
- A robust 401k plan with up to a 5% employer match
- A retirement savings plan that is 100% company funded
- Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
- Eligibility to receive a yearly bonus as a Munich Re employee
- A variety of health and wellness programs provided at no cost
- A hybrid environment that gives you a choice in where and how you get work done
- A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop
- An on-site complimentary workout facility as well as walking trails on campus grounds
- On-site wellness center complete with nurse practitioner
- Financial assistance for adoptions and infertility treatment
- Paid time off for eligible family care needs
- Tuition assistance and educational achievement bonuses
- Free parking
- A corporate matching gifts program that further enhances your charitable donation
- Paid time off to volunteer in your community
Sometimes we are fortunate enough to receive a high volume of applications. After reviewing all applications, we will contact only the selected candidates to schedule an interview. We are grateful for all candidates and their interest.
For the hybrid schedule: Please submit a cover letter with additional information if you're not currently local but intend to relocate for the hybrid schedule.
Applicants requiring employer sponsorship of a visa will not be considered for this position.
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