Chief Compliance Officer - WFGIAC & RO Quebec (Senior Director)

Full Time

Compliance

The Chief Compliance Officer ( CCO ) will be responsible for managing the compliance program for World Financial Group Insurance Agency, Canada’s ( WFGIAC ) business.

WGIAC is licensed to do business in all Canadian provinces and territories. The CCO will partner with the compliance team and other leaders within the organization on various compliance initiatives, including, but not limited to :

• regulatory compliance management,
• interacting with regulators, and
• planning and delivery on initiatives in support of compliance and business strategies.

As the second line of defense, the CCO is responsible for implementing reasonably designed compliance policies and procedures to ensure compliance with all applicable insurance laws and regulations.

As part of this role, the CCO will also serve as the Responsible Officer for WFGIA’s Quebec business. This position reports to the Head of WFG Compliance, Canada.

Responsibilities

• Establish, maintain, and update compliance policies and procedures covering the activities, supervision, and oversight of WFGIA’s branch offices and its agents.
• Conduct monitoring of compliance risks, promptly reporting deficiencies presenting a significant risk to WFGIA.
• Provide advice and guidance to senior leadership on compliance, regulatory risks, conflicts of interest, and reputational risk.
• Provide quarterly reporting to the Head of WFG Compliance and escalate significant issues to the Head of WFG Compliance as well as senior management in a timely manner.
• Track and respond to regulatory developments and industry trends to ensure the program remains current and effective.
• Create and modify policies and procedures as needed, keeping up to date with technology enhancements and surveillance techniques.
• Oversee the assessment of control deficiencies and remediation plans and ensure appropriate resources are available to handle regulatory examinations.
• Prepare and deliver a report to the board of directors of WFGIA on the state of the compliance program.
• Provide back-up to the CCO of WFG Securities.
• Manage a team of compliance professionals and provide leadership and direction to the team toward operational excellence and accountability.

Ensure staff have the training and tools required to perform job duties. Hire, lead, train, develop, coach, and reward team members.

Qualifications

• Bachelor’s degree in a business field.
• Ten years of experience in insurance compliance, including senior level management responsibilities.
• Comprehensive understanding of Canadian insurance regulatory requirements and experience dealing with regulators (AMF, FSRA, etc.).
• Outstanding written and oral communication and relationship building skills to work with regulators, the business, and field leaders.
• Life, Accident and Sickness / Personal Insurance Licenses in all Provinces.

Preferred Qualifications

Working Conditions

• Office or hybrid office / remote environment.
• Moderate travel.

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