AVP, Compliance Officer, Compliance Audit and Testing at Chubb in Chicago, Illinois

Job Description:

JOB DESCRIPTION

JOB SUMMARY:

This Assistant Vice President, Compliance Officer Audit & Testing is responsible for implementing Combined's compliance assurance program in accordance with Chubb's business compliance framework. This individual will work with our business partners to establish and document compliance controls to maintain compliance with all applicable laws, regulations and industry standards. This individual will also conduct periodic compliance assurance reviews to ensure that Combined's compliance controls are adequate and effective. When necessary, this individual will work collaboratively with our business partners to improve compliance controls and remediate issues that are identified through the compliance assurance review process. This individual will report to the Chief Compliance Officer.

MAJOR RESPONSIBILITIES:

• Update and maintain risk registers and business compliance profiles for Combined's agency and worksite benefits businesses.
• Work with our Legal and Compliance partners to document legal and regulatory requirements applicable to all business processes.
• Work with our business partners to establish and maintain effective, practical and cost-effective business controls designed to maintain regulatory compliance.
• Collaborate with our business partners to build compliance controls as we enter new markets and distribution channels or adopt new technologies.
• Collaborate with our business partners to improve existing business controls and improve compliance monitoring and reporting.
• Conduct Compliance Assurance Reviews confirming that existing compliance controls are appropriate and effective.
• Where appropriate, work with our business partners to remediate any audit or review findings in a thorough and timely fashion.
• Work with Risk partners to identify and remediate compliance and regulatory risks with third party partners and service providers.
• Prepare presentation materials used to update all levels of management on compliance and audit findings.
• Other duties as may be assigned.

ABOUT THE NORTH AMERICA LEGAL AND COMPLIANCE TEAM:

We seek highly motivated individuals to join our team who exhibit the best-in-class competencies listed below and embody the NA Legal and Compliance culture.

• We deliver high quality work product, services and solutions that demonstrate understanding of the needs and requirements of our business partners and support achievement of team goals.
• We adapt to changing business needs and environments through a proactive, flexible approach that achieves results and strikes the proper balance among all constituencies.
• We demonstrate character, integrity and professionalism, both within a team environment in Legal and Compliance and in fulfilling our responsibilities to our business partners.
• We build collaborative, trusting relationships with team members and business partners through superior communication skills, empathy and respect.
• We independently manage work responsibilities through commitment, dedication and accountability, and display an on-going commitment to self-improvement.

QUALIFICATIONS

ABOUT US

OUR BENEFITS

As a Chubb corporate employee, you have access to one of the most comprehensive benefit plans in the business, designed to meet your needs and help you reach your financial goals. More details can be found here. Chubb is committed to supporting its employees with a comprehensive compensation package that is appropriate in the market where they work. Below are several of the many benefits we offer our employees:

• Health insurance
• Dental insurance
• Tuition reimbursement
• A company-match 401(k) plan
• Disability insurance
• Life insurance
• Employee referral bonuses

ABOUT COMBINED INSURANCE

Combined Insurance Company of America is a Chubb company and a leading provider of supplemental accident, health, disability, and life insurance products in North America. Headquartered in Chicago, with satellite office in Columbia, SC, Combined is celebrating over 100 years in business. We are committed to making the world of supplemental insurance easy to access and understand. The company has an A+ rating by the Better Business Bureau and an A + (Superior) financial strength rating by A.M. Best. We are ranked by VIQTORY as the number one Military Friendly® Employer in 2023 (over $1 billion revenue category), marking Combined's twelfth consecutive year on the Top 10 list. We pride ourselves on approaching all situations with a Positive Mental Attitude (PMA) and encouraging collaboration.

ABOUT CHUBB

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

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