Director, Regulatory Operations

Job Level:  Management
Location: 

Cambridge, ON, CA, N3C 4N6

Area of Expertise:  Inhouse Consulting
Unit:  Allianz Partners
Employing Entity:  Allianz Partners Canada
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  41146
Position Cluster:  Non-Executive

Who we are:

Reporting to the CSO, this role is a subject matter expert in the area of Regulatory Licensing; providing leadership in ensuring all appropriate licenses are held and maintained; assisting with the creation and implementation of the corporate licensing strategy, and providing education to internal and external stakeholders.

 

About the role:

Reporting to the CSO, this role is a subject matter expert in the area of Regulatory Licensing; providing leadership in ensuring all appropriate licenses are held and maintained; assisting with the creation and implementation of the corporate licensing strategy, and providing education to internal and external stakeholders.

 

What you will do:

  • Oversight of Licensing function to include preparation and submittal of license applications, including initial Managing General Agent (MGA), Producer, TPA and Adjuster licenses, and meet licensing deadlines and requirements for renewals and annual reports.
  • Coordinate with Provincial insurance license departments/regulators regarding license applications, renewals, and annual reports.
  • Maintain and update the Licensing Strategy. Work with other functional areas to determine business requirements, and research and document licensing requirements to support the business strategic imperatives.
  • Create and maintain up-to-date database and/or spreadsheets tracking license applications, license renewal dates, annual report dates, and related details.
  • Oversight of the Webhosting process for E-Commerce clients ensuring contractual adherence is reviewed on a quarterly cadence.
  • In coordination with Compliance and Legal Divisions, monitor, track and research provincial insurance licensing laws and regulations
  • Continuously work to identify broken processes; develop, recommend and implement improvements
  • Conduct research and analysis on existing and upcoming changes to all applicable regulations related to the distribution and adjudication of travel insurance products; summarizing for internal communication, and suggesting necessary enhancements or changes to internal processes and procedures.
  • Prepare records and be responsible for responding to and meeting internal and external audit requirements related to licensing duties 
  • Maintain Licensing budget and plan for future licensing needs in support of product and service offerings
  • Serve as subject matter expert on cross functional teams leveraging organization and industry knowledge
  • Facilitate cross function initiatives to ensure that existing/new capabilities result in compliant outcomes
  • Prepare and submit fillings upon request
  • Lead the Digital Asset Review Functional Rule program including timely remediation actions
  • Serve as a mentor by providing coaching, career development, and inter-departmental relationship management for the team.
  • Create and embed a risk-aware and regulatory compliant culture by developing and effectively delivering licensing and regulatory related training and education and proactively engaging and networking with key stakeholders. 
  • Collaborate with second line of defense safeguarding functions to improve effectiveness of the organization’s regulatory compliance program and generate synergies from related disciplines.
  • May perform other duties as required

 

What it takes:

  • University degree in related field or equivalent combination of education and experience, with a minimum of 5-7 years’ experience in a regulatory compliance and licensing function within the insurance industry. 
  • Minimum 3 years’ experience managing people.
  • Fluency in both English and French is preferred and considered an asset for this role.
  • Ability to work with and keep confidential sensitive materials, situations and people.
  • Ability to work independently and to carry out assignments to their completion, working on own initiative with stakeholder awareness and approvals.
  • Ability to exercise independent judgment or initiative and function with minimal supervision.
  • Ability to think strategically forward in a 1 to 3 year time span and be proactive.
  • Demonstrated ability to build strong relationships at all levels of the organization and with outside stakeholders.
  • Demonstrated ability to effectively lead people, get results through others and provide coaching/constructive feedback.

 

What we offer you:

  • A competitive total rewards package, including benefits coverage as of your first day of employment, participation in the company’s annual incentive bonus plan, an employer matched retirement plan, tuition reimbursement support, generous paid time off, and much more.
  • A Referral Program that rewards you for referring your qualified friends and family
  • Employee discounts at a wide variety of retailers and services
  • The opportunity to grow with a large, global organization 

 

At Allianz, we understand and value diversity in our employees and are proud to be an Equal Opportunity Employer. If you require accommodation at any time during the recruitment process, please call our toll free number at 1-800-461-1079 and ask to speak to a member of the Talent Acquisition team.


41146 | Inhouse Consulting | Management | Non-Executive | Allianz Partners | Full-Time | Permanent

 

 

 

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Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. 

 

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.

 

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

 

Join us. Let's care for tomorrow.

 

 

 

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