Cover Genius


Job Details

  • Full Time
  • New York, New York
  • Posted:

Compliance Manager

The Company

Cover Genius is one of the world’s fastest growing startups. Our vision is to protect all the customers of the world’s largest online companies. Our partners, including Booking.com, use Cover Genius’ XCover API platform to deliver relevant coverage to millions of customers each year. We’re winning insurtech awards and recognition all over the place for the innovations that we’ve introduced to one of the world’s oldest industries.

Our People are
Bold, Authentic, Purposeful and Inspired
Our People are not
Perfect, Traditional, Complacent or Cautious
About the role
The Compliance Manager is a key business partner to the Regional insurance teams and is responsible for providing first line review and challenge of the internal compliance assessment process and framework used by Cover Genius. The role will support the Insurance leads to develop & implement a compliance strategy and assist the insurance business to have adequate controls, procedures & processes in place to ensure compliance with all laws, regulations and codes applicable to general insurance and related business areas.
The role is critical resource to support the first line regional Heads of Insurance in developing methodologies and tools to manage risks associated with our insurance business. The role is also responsible for providing key risk insights by using risk analytics across the global insurance business.
The role we expected to collate and analyze management information, and assist in the preparation of compliance reports to the insurance leads, board committees, business unit management and internal risk committee.
What you will be doing
  • Development of the first line insurance compliance and monitoring management process
  • Support the implementation of a consistent approach to the identification and assessment of key risks
  • Provide expert risk advice to first line on risk assessments
  • Develop complaints training module and run and monitoring process of complaints and provide reporting to internal stakeholders
  • Oversight of Cover Genius’ compliance requirements, policies and internal guidelines
  • Proactively manage and carry out routine and on-going compliance monitoring of the business – internal team and external partners
  • Review and challenge the design, structure and distribution of new and enhanced products to ensure that they meet regulatory requirements and internal control policies and standards
  • Provision and collation of appropriate reporting to management, board, external agencies and regulators
  • Support and assist in preparation of appropriate training materials for relevant stakeholders
  • Understand and be aware of regulatory changes and assist in providing implementation of required changes
  • Support the implementation of the Risk Management Framework across the insurance function
  • Support the implementation of a program of activities to promote compliance awareness, accountability for the managing of compliance and training for first line
  • Facilitate risk assessments for the promotion of risk culture in decision making
What the ideal profile looks like
  • At least 5 years of experience in a compliance role within the insurance industry
  • Tertiary qualifications in Actuarial, legal or equivalent
  • Knowledge and understanding of the Insurance Industry and relevant compliance obligations will be highly regarded
  • Deep understanding of compliance management concepts and frameworks
  • Experience with identification, assessment and management frameworks for risks insurance
  • Understanding of compliance analytics and qualitative and quantitative risk measures
  • Strong communication skills with the ability to engage, build relationships and influence stakeholders
  • Can demonstrate capability to produce clear and well written management information
  • Ability to communicate complex ideas in a clear, concise manner both verbally and in writing

 

How to apply

Please visit our careers page at https://www.covergenius.com/careers to apply. We know that different blends of the above experiences and skillsets could translate to the best person for the role and so if you think you have the best composition of the above, send us your resume and let's chat!  

Why Cover Genius?
Cover Genius not only cares about being the best in our industry, we care about our team. We’re a business that understands life can be fluid and so we flex to ensure we provide the environment to suit that. Some of the benefits we have are:
• Flexible Work Environment
• Employee Stock Options
• Social Initiatives
• Well Stocked Kitchens
Cover Genius is an Equal Opportunity Employer.