PolicyMe
PolicyMe is on a mission to put families first with simple and affordable insurance.
life insurance advice and education
11 - 50
Compliance Officer
April 5
PolicyMe
PolicyMe is on a mission to put families first with simple and affordable insurance.
life insurance advice and education
11 - 50
Description
• Develop and maintain compliance policies and procedures, integrating regulatory requirements and industry best practices, this includes standardized documentation, key risk indicators, and monitoring reports • Design and deliver training programs to ensure staff awareness and understanding of compliance matters • Complete all compliance-related advisor onboarding (e.g., license transfers and applications) and related due diligence reviews • Complete suitability audits, including the accuracy of advice provided, and develop an Advisor Practice Review (APR) program tailored to our Sales and Distribution Practices • Approve necessary marketing and communication messaging (newsletters, websites, signage, and client communications) • Conduct routine audits and risk assessments to ensure continuous compliance and identify areas for improvement • Review client complaints and trends • Oversee the relevant work and projects for adhering to the SOC 2 Type 2 certification • Perform market scans of competitor products as necessary to ensure marketing claims remain valid • Keep abreast of changes in laws and regulations that impact the life & health insurance industry • Serve as the go-to expert for all compliance-related matters across the company and work closely with the sales, product, engineering, and operations teams to ensure their functions are in line with regulatory requirements • Collaborate with our insurer partner Compliance team for all compliance-related matters • Participation in Compliance projects and additional related duties as may be assigned.
Requirements
• A minimum of 5 years in a compliance role within the life & health insurance industry, demonstrating a thorough understanding of regulatory environments and successful management of comprehensive compliance programs • Familiarity with all the Canadian federal, provincial, and territorial regulators, including but not limited to the FSRA in Ontario, AIC in Alberta, and Autorite Des Marches Financiers (AMF) in Quebec • Strong critical thinking skills with the ability to interpret complex legal information and make clear, informed decisions • Exceptional communication skills, capable of clearly articulating compliance requirements to individuals at all levels of the organization • Experience in implementing compliance frameworks within a startup environment • Familiarity with using digital tools for compliance management, such as workflow automation and monitoring software
Benefits
• Generous PTO - 20 vacation days • Access to stock options and a comprehensive benefits plan • A remote-first team with company-paid, in-person socials and the option to work from our Toronto-based office • Resources to help your professional development, including an L&D budget, performance reviews twice a year, and ongoing feedback to ensure you reach your highest potential • Work with an empathetic, high-performing team in a flexible, results-oriented environment
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