Risk and Compliance Analyst

About Pacific Blue Cross

Pacific Blue Cross (PBC) has been British Columbia's leading benefits provider for over 80 years. We are an independent, not-for-profit society with strong roots in BC’s health care system. We provide health, dental, life, disability, and travel coverage to 1 in 3 British Columbians through employee group plans and individual plans.

We are fueled by a commitment to keep health care sustainable for all British Columbians. Through our PBC Health Foundation, we fund projects that improve health outcomes directly related to mental health and wellbeing as well as the prevention and/or management of chronic disease. We are interested in finding people who want to make a difference and who are looking to grow their career with us.

Perks

• Flexible working hours of 7.5 hours per day, Monday to Friday (i.e., 37.5 hours per week).
• Paid vacation starts at 4 weeks per year, and increases with years of service.
• Hybrid work environment (i.e., a combination of work from office and work from home days).
• Generous benefits, including extended health, dental, and life insurance; depending on the plan that you choose, these benefit premiums can be 100% paid by PBC.
• Company pension contributions after 1 year of service.
• Onsite gym, cafeteria, and access to virtual doctors/counsellors 24/7 via our Employee Family Assistance Program!

About the Position

• We are searching for a permanent Risk and Compliance Analyst to join our Risk and Compliance team.
• PBCs compensation offerings are grounded in a pay-for-performance philosophy that recognizes exceptional individual and team performance. The typical hiring range for this position is $70,000 – $90,000 per year; the base pay offered is based on market and may vary depending on job-related knowledge, skills, experience, and internal equity. The starting salary will be determined based on a combination of skills, education, and experience. The role is eligible for short-term incentive pay based on a combination of individual and company performance.

If you’re looking for an opportunity to play a key role in risk management and regulatory compliance within a dynamic and purpose-driven organization, we want to hear from you! This is an exciting career opportunity with a local not-for-profit health insurance provider where you will help safeguard operational integrity by monitoring compliance, assessing risks, and supporting governance processes.

Your expertise in regulatory compliance, internal control testing, risk assessment, and audit processes will help Pacific Blue Cross maintain strong corporate governance and uphold industry best practices. You will work closely with stakeholders across the organization to identify potential risks, recommend mitigation strategies, and ensure adherence to regulatory requirements.

We offer an attractive compensation and benefits package and work-life balance. Our workplace culture values health and wellness, diversity and equality, continuing education, environmental sustainability and giving back to the community.

This role is currently working hybrid from home and from our head office in Burnaby, BC. Apply this week if you would like to take on this role.

Key Ways This Position Makes An Impact

Regulatory Compliance

• Independently conducts compliance monitoring and testing, making professional judgments related to:
• documenting controls against regulatory requirements.
• identifying gaps and compliance risks.
• investigating compliance issues.
• recommending action plans for remediation and risk reduction strategies.
• partnering with stakeholders in the establishment of ongoing assessment of controls.
• documenting compliance activities and outcomes (i.e., risk-assessed Inventory of Regulatory Requirements).
• Supports the Regulatory Compliance Manager with the implementation and management of the OSFI E-13 Regulatory Compliance Management (RCM) program, as well as, RCM program planning, execution, reviewing, monitoring, testing, gap identification, reporting, follow up, and escalation processes. Maintains and updates RCM process documentation (e.g., terms of reference, policies, and control matrices). Monitors the timely preparation of corporate returns and other required compliance filings.

Risk Management

• Confidentially conducts risk monitoring and reporting, making professional judgments related to:
• identifying, assessing, prioritizing, and reporting major risks across the organization.
• collaborating with stakeholders to develop and test control processes aimed at proactively reducing operational risks.
• Supports the Risk Management Manager with the processes, events, and activities necessary to effectively identify, assess, measure, monitor, and report on corporate risks (e.g., financial, human/personnel, reputational, market, etc.) and the overall corporate risk profile by independently testing various control processes and performing periodic risk assessments to ensure compliance with the Operational Risk Management (ORM) policy in accordance with OSFI E-21 guidelines.

General Department Support

• Prepares confidential compliance and/or risk reports for various stakeholders including the Executive Leadership Team, Senior Management, the Board of Directors, and the corporate Risk Committee.
• Responds to confidential compliance and risk related audits, and reports on progress made in addressing audit items to senior management and external stakeholders.
• Utilizes the Governance, Risk, and Compliance system for compliance and risk activities.
• Monitors provincial and federal regulatory developments relevant to the risk and compliance programs, and summarizes new or changes to existing legislative and regulatory requirements. Discusses emerging compliance issues with management and employees. Maintains up-to-date knowledge of compliance and risk policies, practices and principles, and other information related to the provision of compliance and risk services through continuous learning initiatives.
• Performs other ad hoc duties, as required.

Key Experiences You Bring To This Role

• Bachelor’s degree, or equivalent.
• Working knowledge of internal control and risk management principles.
• 3 - 5 years of related experience in the insurance industry, financial industry, or equivalent.
• Proficiency conducting internal control testing, documenting findings, and suggesting remediations.
• Excellent organizational skills and a proven ability to work autonomously on multiple projects.
• Excellent relationship building, teamwork, and interpersonal skills.
• Excellent listening and communication skills (i.e., verbal, written, and presentation).
• Ability to maintain an objective mindset, confidentiality and discretion in all matters.
• Ability to make sound judgments and recommendations.
• Ability to conduct independent monitoring and testing.
• Experience in a compliance management and/or risk management function.
• Proficiency with Resolver’s risk intelligence platform/application, and/or demonstrated ability to learn new software applications quickly and effectively.

If you’re excited about taking on this opportunity, we invite you to apply today and start the conversation with us about this position.

Please apply via our website this week at http://www.pbchbs.com/company/careers/