Distribution Compliance Analyst

Company: Sovereign Insurance

Department: Commercial Underwriting

Employment Type: Regular Full-Time

Work Model: Hybrid (2 days/week in office)

Language: English is required, French is an asset.

The Opportunity:

As a wholly owned subsidiary of the Cooperators General Insurance company, Sovereign Insurance believes your experience matters. This is our promise to not only our clients but to our employees as well, because we know the strength of our company starts with our people. The smart, curious and collaborative people who bring their whole heart and passion to work each day. But you can’t pour from an empty cup; we take care of the well-being of our people so that they are inspired to protect Canadian businesses and the lives, families and communities we impact. Join us and begin shaping your experience at Sovereign.

We are looking for highly organized and analytical individual to join our Distribution team as a Compliance Analyst. The successful candidate will be instrumental in consolidating and performing a variety of compliance and risk management-related tasks under the direction of the AVP, Commercial Solutions National Operations to support the establishment of a risk and control environment within the day-to-today operations. This is a great opportunity for someone with a keen eye for detail and unmatched analytical and organizational skills looking to grow their expertise as a first-line compliance defender within the insurance industry.

How you will create impact:

• Managing all Broker/MGA Distribution records, including assisting with the preparation and maintenance of distribution and profit-sharing agreements, and actively monitoring compliance with contractual requirements (i.e. licensing, errors & omissions insurance, market conduct, etc.).
• Monitoring regulatory compliance activities within the business unit to identify gaps and proactively engaging with business partners to ensure issues are addressed, supporting the AVP Finance in reporting significant breaches to Corporate Compliance. Collaborating with business unit partners to contribute to project plans on Sovereign-specific initiatives to ensure effective implementation of legal, regulatory and internal control solutions under the guidance of the AVP, Finance, Corporate Compliance & Legal, and Enterprise Risk Management teams.
• Acting as the key contact for inquiries received in Sovereign’s corporate mailboxes (i.e. privacy and compliance mailboxes), responding to internal/external inquiries following preliminary investigation of raised matters and as appropriate, making business unit process refinement recommendations.
  
  

How you will succeed:

• You leverage critical thinking skills to identify problems and proactively propose solutions.
• You use strong judgement and interpersonal skills to build relationships and work effectively with colleagues across the organization.
• You influence change and are committed to continuous improvement, in order to exceed expectations
• Your strong communication skills allow you to clearly convey messages.
• You’re an effective team player who shares knowledge to support your peers.
• You ensure your day to day actions are in harmony with the company’s purpose, vision, and values even when challenged.
  
  

What you need to know:

• Detail oriented work that requires a high degree of mental concentration for extended periods of time.
• You may handle sensitive information where a high degree of confidentiality and discretion is required.
  
  

To join our team:

• You have a minimum 3 years business/compliance/risk management-related experience in the financial services industry.
• A post-secondary education in a related discipline is preferred.
• Working towards (or willing to work towards) the Chartered Insurance Professional (CIP) or Canadian Risk Management (CRM) designations is an asset.
  
  

What's in it for you?

• The opportunity to take on challenging work and contribute your expertise, creativity, and passion in meaningful ways.
• A comprehensive total rewards package, including competitive salary, bonus, paid time off, pension and benefits.
• A holistic approach to your well-being, with physical and mental health programs and flexible work options.
• The opportunity to work on an inclusive team who inspire each other to explore and achieve what’s possible.
• An organizational commitment to sustainability and charitable giving; positively impacting the social, environmental and economic well-being of Canadian businesses, families and communities.