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Aviva

Provides savings, retirement, and insurance solutions

Compliance Manager

Regulatory Compliance & EthicsPosted on Nov 11
Full-timeNew York, NY, USA

About the Job

Requirements

  • Five to eight or more years of compliance, regulatory risk, audit, or legal experience within the insurance or financial services industry.
  • Demonstrated experience designing and executing risk-based compliance monitoring and testing programs and conducting compliance risk assessments.
  • Strong working knowledge of U.S. insurance regulatory requirements and the ability to interpret and apply laws, regulations, and guidance in a commercial business environment.
  • Experience developing and implementing compliance policies, procedures, and controls.
  • Solid understanding of the three lines of defense model and the role of second-line oversight and challenge.
  • Experience supporting regulatory examinations, inquiries, or internal audits.
  • Strong analytical, written, verbal, presentation, and stakeholder-influence skills, including the ability to communicate complex regulatory matters clearly at all levels of the organization.
  • A bachelor's degree in Business, Law, Finance, Risk Management, Insurance, or a related discipline, or equivalent professional experience.

Responsibilities

  • Develop and implement a risk-based approach to monitoring and assessing the effectiveness of the first line’s compliance program, including an annual compliance monitoring and testing plan.
  • Conduct compliance monitoring, testing, and thematic reviews to evaluate the design and operating effectiveness of first-line controls and processes.
  • Identify compliance gaps, control weaknesses, and emerging risks; document findings and recommend proportionate corrective actions.
  • Collaborate with the first line to implement recommended improvements to the compliance program and track remediation through completion.
  • Ensure monitoring activities confirm compliance with applicable laws, regulations, and industry standards.
  • Conduct compliance risk assessments across the business and recommend mitigating strategies to minimize identified risks.
  • Provide practical guidance and advice on regulatory and compliance matters, including new products, processes, distribution arrangements, and business initiatives.
  • Support the first line with interpreting and applying policies, procedures, and regulatory requirements while maintaining second-line independence and challenge.
  • Participate in projects and strategic initiatives, ensuring compliance considerations are addressed early and effectively.
  • Develop, implement, and maintain compliance policies, standards, and procedures aligned with applicable laws, regulations, and industry standards.
  • Monitor industry developments and regulatory requirements, assessing the potential impact of regulatory changes on the business.
  • Recommend and support changes to policies, procedures, and controls in response to new or evolving regulatory expectations.
  • Communicate relevant regulatory developments to stakeholders and help embed required changes into business practices.
  • Support the second line in responding to regulatory inquiries, examinations, and information requests, including preparing documentation and responses.
  • Provide guidance and advice to the third line of defense in conducting audits and assessments related to compliance matters.
  • Prepare reports and presentations for senior management and governance forums highlighting monitoring results, key risks, trends, and remediation status.
  • Support remediation arising from regulatory reviews, compliance testing, or internal audit findings.
  • Develop and deliver training programs to colleagues on compliance policies and procedures and on interpreting and applying regulatory requirements.
  • Promote a culture of compliance, accountability, and sound risk management across the organization.
  • Support good customer outcomes by acting in good faith, avoiding foreseeable harm, and enabling and supporting customers in pursuing their financial objectives.
  • Consider customer impact and regulatory expectations when providing advice, conducting monitoring, and recommending improvements.

Desired Qualifications

  • Experience within property and casualty and/or specialty commercial insurance.
  • Relevant professional designations such as AIRC, CCEP, CRCM, CPCU, ARM, or a JD.
  • Familiarity with excess and surplus lines, admitted markets, and delegated authority or program arrangements.
  • Experience developing or delivering compliance training programs.
  • Experience supporting the build or expansion of a compliance function or new insurance platform.

About the Company

Aviva

Provides savings, retirement, and insurance solutions

Aviva is a financial services group that provides savings, retirement, and insurance products to individuals, families, and businesses mainly in the UK, Canada, and Ireland. Its products help people manage long-term financial security through life insurance, pensions, and investment options. The company earns money from insurance premiums, investment income, and fees for asset management, and its offerings span protections, savings accounts, retirement plans, and investment services. Aviva differentiates itself by integrating a strong focus on sustainability and responsible investing (such as its Electric Vehicle Salary Sacrifice Scheme and venture capital investments in emerging tech) and by prioritizing diversity and inclusion in its workforce. Its goal is to help clients secure their financial futures while growing its business through a broad, diversified portfolio of financial products and services.

Company size
10,001+
Company stage
IPO
Headquarters
London, United Kingdom
Founded
1990

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