Individual Products Distribution Chief Compliance Officer
Location: US-NY-New York Posted Date: 2/9/2010

More information about this job:

Overview:

Position Objective:

This position is charged with the responsibility of ensuring that all Business Unit activities and functions are performed in accordance with applicable laws and regulations.



Responsibilities include, but are not limited to, preparing and filing of materials related to federal and state insurance reporting requirements, monitoring and reporting to management relevant legal and regulatory developments, drafting and maintaining policies and procedures for the Business Unit, acting as liaison with regulatory and internal auditors, maintaining and testing of Business Unit compliance program, ensuring that audit items are followed for timely response, and working with other departments on all other compliance matters.


Responsibilities:

Principal Accountabilities:

* Review, revise and test Business Unit’s compliance program and report test results to management and Corporate Chief Compliance Officer (“CCCO”)Board of Directors. Ensure that company’s best practices are being met and work with internal and external auditors and regulators in reporting issues.
* Analyze new and pending laws and regulations which directly affect the Business Unit’s practices.
* Coordinate with other departments within Guardian and its affiliates including other Business Units, the Law Department and Internal Audit to ensure adequate compliance oversight.
* Identify and disseminate laws and regulations that impact insurance products and the insurance business.
* Ensure compliance with relevant laws, regulations and corporate policies.
* Participate as a member of the Business Unit management team.
* Ensure that Company operations are conducted in compliance with state and federal laws and regulations and in a manner consistent with the Company’s values, corporate policies and procedures and the Employee Handbook.
* Promote a culture that encourages ethical conduct and a commitment to compliance, and prevention and detection of compliance violations and criminal conduct.

Compliance Culture

* Implement and encourage actions to promote and enhance an enterprise culture that encourages ethical conduct and a commitment to compliance with law including:
o Employee communications (including senior management “tone at the top”)
o Internal reporting of potential compliance issues
o Compliance tools and resources
o Targeted director/management/employee training.
* Work with Human Resources and business partners to ensure that compliance is appropriately reflected in annual performance objectives, performance evaluations, rewards programs, discipline, etc.



Assessment and Remediation

* Establish and oversee processes for the proactive identification and analysis of compliance risks and related control gaps in business operations, including implementation of systemic self-assessment process. Work with business partners to drive implementation of corrective actions.
* Conduct compliance risk assessments based on, among other factors, industry intelligence, incidents at other companies, audit findings, law enforcement statements and activities, etc.

Day-to-Day Compliance Guidance to Business Operations

* Provide compliance and ethics guidance, advice and assurance to employees working in corporate staff jobs.
* Manage all business unit compliance functions (excluding product filing and approval).
* Enhance business unit compliance and ethics culture.
* Encourage implementation of policies, procedures and standards to manage regulatory and other compliance risks.



Qualifications:

Education and Experience:

Education:

* Bachelors Degree and/or advanced degree.
* A Juris Doctorate from accredited law a plus.
* FINRA Securities licensing required.

Experience:

* At least 5-7 years in financial and insurance industry.
* Extensive experience with and in –depth knowledge of current legislation, FINRA and insurance regulations.