Manager, Compliance and Regulatory Affairs

XL Specialty Insurance Company   •  

Hartford, CT

Industry: Accounting, Finance & Insurance

  •  

8 - 10 years

Posted 44 days ago

As a Manager, you will play an integral role in AXA XL’s US (Re) Insurance Compliance and Regulatory operations. This team is part of AXA XL’s North American Compliance & Regulatory Department, which is a dynamic team that services a wide variety of compliance regulatory needs for our North American business.

What will your essential responsibilities include?

  • Supporting the US insurance underwriters within the Reinsurance and surplus lines segments with regard to general compliance matters, providing compliance support to functional areas and assisting with embedding a compliance culture across the region.
    • Working with Reinsurance business team and reinsurance legal representative to understand business strategy and all material transactions that have a regulatory or compliance component

    • Review all regulatory and compliance components of products and/or programs the Reinsurance business intends to write or sponsor

    • Liaise with Insurance compliance and regulatory product experts on all products intended to be introduced in the standard market

    • Acting as a global resource for the business to assist in interpreting and explaining how state regulatory requirements affect our global, reinsurance and surplus lines businesses

    • Assure all reinsurance arrangements are consistent with rules and regulations, international practices and Group standards (including with respect to risk transfer)

    • Building effective working relationships with other team members and functions such as Legal’s reinsurance experts. Coordinate and collaborate with the IPass, Programs and Cross-border team liaisons

    • Coordinate with RCS and Admitted product subject matter experts as necessary

    • Review all Cross-border business(excluding Lloyd’s) written into the US
    • Provide local, N. American expertise, on any Lloyd’s issues along with collaboration w/ UK/ROW compliance member

    • Prepare regular reports of material issues for senior management

    • Representing the Division and the Group on certain strategic matters before the RAA.

    • Developing and maintaining positive and effective working relationships within industry trade associations and select state and federal insurance policymakers.

    • Working with our business partners to develop and execute an agreed-upon strategy for select issues and effectively communicating them to regulators and policymakers.

You will report to the Senior Manager, Compliance & Regulatory Affairs.

SHARE your talent

We’re looking for someone who has these abilities and skills:

  • Eight or more years of Commercial Property & Casualty insurance experience in the field of legal compliance, regulatory relations, product development, underwriting or underwritingsupport. Ideal candidate will have reinsurance, Lloyd’s or Excess and Surplus lines experience.

  • Minimum education requires a College Degree with relevant experience.
  • Ability to communicate effectively with others, both verbally and in writing

  • Team player who takes initiative and is able to work independently
  • Strong analytical skills
  • Able to manage time, meet deadlines and adjust to competing priorities
  • Understanding of the need for accurate and timely management information

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