AVP, Compliance Manager

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. 

KEY OBJECTIVES:

The AVP, Compliance Manager ("Compliance Manager") will assist the Chief Compliance Officer – Canada ("CCO") in fulfilling the following key objectives for the Chubb Group legal entities operating in Canada and other entities that Chubb services in Canada with respect to:

• Regulatory Compliance Management - Developing and maintaining an effective compliance program; 
• Regulatory Affairs – Addressing regulatory requests, exams, surveys, etc.; 
• Advisory Matters – Providing regulatory advice, including on privacy and sanctions/AML/ATF matters;
• Privacy – Assisting the CCO in their role as Chief Privacy Officer in managing privacy matters;
• AML and ATF – Assisting in updating and maintaining the sanctions program; 
• Governance - Assisting the CCO in their role as Corporate Secretary in managing board matters; 
• Complaints – Assisting the CCO in their role as Complaints Officer in addressing escalated complaints; 
• Licences & Registrations - Taking the lead in maintaining licences & registrations on a timely basis; and
• Other Matters – Assisting in other Chubb local or Global, regulatory, and industry matters.

This individual will need strong interpersonal and diplomacy skills; but more importantly, will need to be flexible and adaptable to an evolving compliance function.  

MAJOR DUTIES & RESPONSIBILITIES:

The Compliance Manager will support the CCO in the following duties and responsibilities with respect to all business lines, including Claims:

• Regulatory Compliance Management - Developing and maintaining an effective compliance program - including horizon watching and communicating regulatory changes; establishing/maintaining compliance standards through policies, developing/updating procedures, developing/delivering training; raising awareness of compliance issues; identifying, investigating and addressing compliance issues by implementing controls to mitigate compliance deficiencies, and conducting/supporting compliance monitoring and testing;
• Regulatory Affairs - Addressing regulatory requests, investigations, exams, surveys, etc. – including gathering information from stakeholders as needed and assisting in preparing responses;
• Advisory Matters - Providing regulatory advice, including on privacy and sanctions/AML/ATF matters – including advising on new and existing business/claims; and reviewing contracts and policies from a regulatory compliance perspective;
• Privacy - Assisting the CCO in their role as Chief Privacy Officer in managing privacy matters - including privacy incident management, reporting and notices; and access to information requests;
• AML and ATF - Assisting in updating and maintaining the sanctions program – including reviewing and clearing sanction transaction monitoring hits related to payments, new policies and renewals;
• Governance - Assisting the CCO in their role as Corporate Secretary in managing board matters – including organizing quarterly/annual board/governance meetings, maintaining corporate records, drafting board resolutions and other board-level legal documents, taking minutes at board and other key governance meetings;
• Complaints - Assisting the CCO in their role as Complaints Officer - including by taking the lead in investigating and handling complaints;
• Licences & Registrations - Taking the lead in maintaining licences and registrations on - including staying up to date on requirements, renewing federal, provincial, and territorial insurance licenses and corporate registrations, and completing routine federal, provincial, and territorial filings; and
• Other Matters - Assisting in other Chubb local or Global, regulatory, and industry matters – including special projects, requests and initiatives.

To carry out these duties, the Compliance Manager will:

• Develop and maintain strong relationships with, and provide timely guidance and advice to, all business lines, and their management teams, including Claims;
• Maintain subscriptions to regulatory and other regulatory information sources for horizon-watching;
• Conduct trending analysis using data analytics and other reporting mechanisms to identify potential compliance issues; and
• Report and escalate regulatory, compliance or complaint issues and developments as required. 
• Use AI tools available at Chubb, with a critical eye and applying professional judgement.
   

• At least 7 years' experience in a legal/regulatory counsel or senior compliance role at a Canadian insurer or foreign insurance branch in Canada which involved deep experience in Regulatory Compliance Management, Regulatory Affairs and Advisory matters as described above;
• Strong understanding of the P&C and/or A&H insurance business; 
• A lawyer licensed to practice in a province in Canada is preferred but not mandatory;
• A process-driven and practical approach to regulatory compliance risk management;
• A self-starter with a collaborative working style;
• Strong understanding of the insurance regulatory environment;
• Strong ability to monitor for compliance issues, and identify and understand "root causes" of compliance deficiencies, and recommend effective controls; 
• Strong ability to develop relationships through effective communication and collaboration; 
• Ability to consistently execute and deliver results; 
• Ability to manage multiple projects in a dynamic development environment; 
• Strong knowledge of MS Excel, PowerPoint, Word; 
• Eagerness to learn and use AI in doing regulatory research, drafting, etc.; and 
• Familiarity with common Compliance, Risk, and Governance management tools.

At Chubb we are committed to providing equal employment opportunities to all employees and applicants. It is our policy to provide equal employment opportunities to employees and applicants based on job-related qualifications and ability to perform a job.  If you require an accommodation during the hiring process or upon hire, please inform Human Resources.  If a selected applicant requests accommodation during the recruitment process, Chubb will consult with the applicant in order to provide suitable accommodation that takes into account the applicant's accessibility needs.

This job posting is for an existing vacancy. Chubb Canada does not use artificial intelligence (AI) tools to assess, screen, or select applicants.