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HUB International · 1 day ago

Chief Compliance Officer, Risk and Insurance

Chicago, IL

Full-time

Onsite

Director/Executive

$225K/yr - $275K/yr

10+ years exp

HUB International is a leading global insurance and employee benefits broker, dedicated to protecting the aspirations of individuals and businesses. The Chief Compliance Officer, Risk and Insurance will ensure compliance with applicable laws and regulations while leading a team to develop effective compliance programs and policies within the organization.

Financial ServicesInsuranceInsurTechRisk Management

Responsibilities

Ensure the organization complies with federal, state, and international insurance regulations

Monitor changes in insurance laws and regulations and update internal policies accordingly (in conjunction with corresponding, internal insurance and ERISA regulatory counsels)

Serve as a liaison with regulatory bodies and external industry organizations (e.g., state insurance departments, NAIC, Council of Insurance Agents & Brokers)

Develop and maintain compliance frameworks, policies, and procedures tailored to insurance operations

Ensure policies are communicated effectively across regional and departmental business operations, especially in the areas of underwriting, claims, insurance producer licensing, surplus lines premium tax processes, and insurance sales

Collaborate with the Audit Committee and Legal teams to implement improved metrics for measuring regulatory compliance by the organization’s insurance business operations

Support the internal audit function to document compliance vulnerabilities and opportunities identified through a regular cadence of audits

Conduct and/or support regular internal audits and risk assessments to identify compliance vulnerabilities and opportunities for improvement

Implement corrective actions and preventive measures to address regulatory risks

Provide ongoing training to staff on insurance compliance topics, including licensing requirements for insurance sales, privacy laws applicable to insurance consumers (e.g., GLBA), permissible forms of producer compensation, and anti-fraud measures

Promote a culture of compliance and ethical behavior throughout the organization

Prepare and present compliance reports to executive leadership and the Board

Maintain documentation for regulatory reviews, audits, and investigations

Map E&O and claims data back to process improvements to minimize future risk

Work closely with legal, risk management, internal audit, and operational teams to ensure alignment on compliance matters

Support product development, operations, and marketing teams to ensure processes and offerings meet regulatory standards

Qualification

Insurance compliance experienceInsurance regulationsPolicy developmentCertified Compliance & Ethics ProfessionalRisk assessmentPublic speakingCommunication skillsNegotiating skillsOrganizational skillsTeam collaboration

Required

Bachelor's degree. JD a plus but not required with commensurate relevant experience

10+ years' experience as a CCO or senior compliance professional for a large insurance firm (carrier or broker), resulting in deep knowledge of insurance regulations (e.g., state-specific rules, NAIC model laws, solvency requirements)

Solid familiarity with and/or the ability to quickly learn the requirements impacting our business, including state insurance laws and regulations and privacy & cybersecurity regulations, coupled with the ability to apply that knowledge strategically in light of changing insurance regulatory and business initiatives

Experience developing, monitoring, and enforcing appropriate policies and procedures and controls

Ability to confront difficult issues and challenge others when necessary

Excellent verbal and written communication skills, particularly the ability to clearly communicate technically complex developments, issues, and analyses in actionable ways

The ability to meet tight deadlines and prioritize a varied workload and competing priorities in a fast-paced, and at times unpredictable or demanding environment

Willingness to learn new skills and adapt to cultural, technological, and business changes

Strong negotiating and conflict resolution skills

Collegial and collaborative approach to working effectively with others to build strong professional relationships both inside and external to HUB

Outstanding organizational skills, including prioritization and follow-up