Corporate Compliance Specialist

11 hours ago


Toronto, Ontario, Canada HDI Global Specialty SE Full time

HDI Global SE is seeking a highly experienced and skilled corporate compliance specialist to join its Legal and Compliance Department in the role of Head of Legal and Compliance.

This position reports directly to the Managing Director of the Branch and is responsible for various legal and compliance matters. The ideal candidate will have a strong understanding of insurance contract law, insurance distribution law, and regulatory compliance frameworks.

Responsibilities:

  • Advise on complex insurance contracts and insurance distribution law
  • Draft, review, and negotiate contractual documents and agreements, including insurance outsourcing agreements, broker agreements, service level agreements, and nondisclosure agreements
  • Provide legal assistance for new products and product documentation
  • Assist in license applications and liaise with regulatory authorities as required
  • Provide legal support to branch management and operational units, including Underwriting, Claims, Finance, and Data Management & Marketing
  • Coordinate corporate legal matters with the Legal Team at Home Office
  • Liaise and collaborate with the Legal Teams at Home Office and other HDI Global branches
  • Manage and work with other Legal Counsel at the Branch

Compliance Responsibilities:

  • Manage local compliance tasks with the other Legal Counsel and Compliance Manager, including matters relating to single risk and delegated authority underwriting, insurance contract law, complaints, and market conduct activities/reports
  • Implement OSFI regulatory compliance management requirements in accordance with Guideline E13
  • Implement Home Office processes and guidelines at the local level
  • Ongoing preventative compliance work, including training and awareness
  • Draft compliance reports for Home Office, including risk analysis, regulatory monitoring, breach reporting, and updates on compliance activities
  • Compliance monitoring, including spot audits of various compliance matters, such as sanctions screening and policy documentation
  • Monitor Delegated Authority Managing General Agents (MGAs) and Third-Party Administrators (TPAs) for compliance with our Canadian Branch's requirements
  • Assist in implementing Quebec Bill 96 and French Language requirements at our Canadian Branch
  • CORRESPOND WITH REGULATORY AUTHORITIES, INCLUDING REPORTING, AD HOC REQUESTS, LICENSE RENEWALS, ETC.
  • Manage Canadian Branch's complaints
  • Oversee and manage privacy matters for HSCB in coordination with the Talanx Data Protection Team
  • Liaise and collaborate with the global Compliance Team at Home Office and other HDI branches

Requirements:

  • University degree in law (JD / LLB), and licensed to practice in Ontario
  • Compliance and Risk Management certifications are considered an asset
  • French fluency considered an asset
  • Minimum of 5 years of experience in a legal, corporate, or financial environment
  • Knowledge of insurance contract law and insurance distribution law considered an asset
  • Experience working with Canadian regulatory authorities
  • Experience implementing a regulatory compliance framework within an institution
  • Experience drafting and negotiating commercial contracts
  • Knowledge of Canadian, German, UK, and/or other European legal systems considered an asset
  • Experience in international primary insurance is an asset
  • Prior experience in Risk Management for an insurance company considered an asset

Performance and Skills Requirements:

  • Strong understanding of the law, legal methodology, and legal principles
  • Willingness to familiarize oneself with new topics and legal challenges
  • Willingness to collaborate with an international team

About Us:

HDI Global SE delivers a comprehensive service-based offering to the commercial and specialty insurance markets. We have a strategy to create sustainable growth and build a robust company that operates worldwide. Our highly competent team has a focused profile and is committed to delivering market-leading insurance solutions.

We are part of the Talanx Group, one of the major European insurance groups, with a gross written premium of EUR 43.2 billion (2023), and more than 120 years of experience in industrial insurance. HDI Global SE operates in more than 175 countries across the globe with over 4,500 employees worldwide.

Salary: $140,000 - $180,000 per year, depending on experience



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