Head of Compliance

🕒 April 8

🇺🇸 United States – Remote

💵 $174k - $235k / year

⏰ Full Time

🔴 Lead

🚔 Compliance

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Next Insurance

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 2016

💸 Finance

🤝 B2B

Insurance • Finance • B2B

Next Insurance is an innovative insurance provider specializing in offering tailored insurance solutions for small businesses. They leverage technology to simplify the process of getting insured, making it more accessible and efficient for entrepreneurs. Next Insurance aims to provide transparent, affordable, and easy-to-understand insurance policies that meet the unique needs of small business owners.

📋 Description

• Develop and maintain a comprehensive compliance program that aligns with applicable laws, regulations, and industry best practices. • Establish and communicate compliance policies and procedures throughout the organization. • Conduct regular risk assessments to identify compliance gaps and implement corrective measures. • Implement effective compliance monitoring and testing processes to ensure ongoing compliance. • Maintaining and implementing OFAC and AML policies and procedures in accordance with applicable laws and regulations. • Evaluating and fine tuning code of conduct, employee non-disclosures and confidentiality and invention assignment agreements. • Monitor changes in laws, regulations, and industry guidelines and update the compliance program accordingly. • Interpret and communicate the impact of regulatory requirements to relevant stakeholders within the organization. • Ensure compliance with all applicable laws, regulations, and licensing requirements. • Prepare and submit necessary regulatory filings and reports accurately and in a timely manner. • Collaborate with internal teams to address compliance issues and implement remedial actions. • Manage / lead market conduct exams and other regulatory investigations in conjunction with Legal and other areas of the business. • Develop and update compliance policies and procedures to reflect changes in regulations and business practices. • Establish and implement training programs to educate employees on compliance requirements. • Respond to compliance-related inquiries and provide guidance to employees on compliance matters. • Regularly assess the effectiveness of compliance training and make improvements as needed. • Develop and implement monitoring and auditing procedures to ensure ongoing compliance. • Conduct regular compliance assessments and internal audits to identify potential risks and areas for improvement. • Prepare reports on compliance activities, including identified issues, remediation efforts, and compliance metrics. • Provide regular updates to senior management and the General Counsel on the status of compliance initiatives. • Collaborate with internal and external auditors to facilitate compliance audits and reviews.

🎯 Requirements

• Bachelor's degree in law, business administration, or a related field. 10+ years of experience in compliance roles within the insurance industry. • Deep knowledge of insurance regulations, including but not limited to those issued by regulatory bodies such as NAIC and state insurance departments. • Strong understanding of compliance frameworks, principles, and best practices. • Experience in developing and implementing compliance programs, policies, and procedures. • Excellent knowledge of federal and state laws and regulations applicable to insurance operations. • Proven ability to interpret and apply regulatory requirements to business practices effectively. • Strong leadership and management skills, with the ability to lead a team and collaborate with stakeholders. • Excellent communication and presentation skills, with the ability to communicate complex compliance matters clearly and effectively. • Detail-oriented with strong analytical and problem-solving abilities. • Ability to handle sensitive and confidential information with utmost discretion. • Professional certifications in compliance or insurance-related fields a plus (e.g., CRCM, CPCU)

🏖️ Benefits

• partially subsidized medical plan • fully subsidized vision/dental options • life insurance • disability insurance • 401(k) • flexible paid time off • parental leave