[Hiring] Head of Compliance @Next Insurance

Role Description

NEXT’s mission is to help entrepreneurs thrive by building the only technology-led, full-stack provider of small business insurance in the industry, transforming the customer experience.

What You’ll Do:

• Compliance Program Development and Implementation:
  • Develop and maintain a comprehensive compliance program that aligns with applicable laws, regulations, and industry best practices.
  • Establish and communicate compliance policies and procedures throughout the organization.
  • Conduct regular risk assessments to identify compliance gaps and implement corrective measures.
  • Implement effective compliance monitoring and testing processes to ensure ongoing compliance.
• Corporate Compliance:
  • Maintaining and implementing OFAC and AML policies and procedures in accordance with applicable laws and regulations.
  • Evaluating and fine-tuning code of conduct, employee non-disclosures, and confidentiality and invention assignment agreements.
• Regulatory Compliance:
  • Monitor changes in laws, regulations, and industry guidelines and update the compliance program accordingly.
  • Interpret and communicate the impact of regulatory requirements to relevant stakeholders within the organization.
  • Ensure compliance with all applicable laws, regulations, and licensing requirements.
  • Prepare and submit necessary regulatory filings and reports accurately and in a timely manner.
  • Collaborate with internal teams to address compliance issues and implement remedial actions.
  • Manage/lead market conduct exams and other regulatory investigations in conjunction with Legal and other areas of the business.
• Policy Developments and Training:
  • Develop and update compliance policies and procedures to reflect changes in regulations and business practices.
  • Establish and implement training programs to educate employees on compliance requirements.
  • Respond to compliance-related inquiries and provide guidance to employees on compliance matters.
  • Regularly assess the effectiveness of compliance training and make improvements as needed.
• Compliance Monitoring and Reporting:
  • Develop and implement monitoring and auditing procedures to ensure ongoing compliance.
  • Conduct regular compliance assessments and internal audits to identify potential risks and areas for improvement.
  • Prepare reports on compliance activities, including identified issues, remediation efforts, and compliance metrics.
  • Provide regular updates to senior management and the General Counsel on the status of compliance initiatives.
  • Collaborate with internal and external auditors to facilitate compliance audits and reviews.

Qualifications

• Bachelor's degree in law, business administration, or a related field.
• 10+ years of experience in compliance roles within the insurance industry.
• Deep knowledge of insurance regulations, including but not limited to those issued by regulatory bodies such as NAIC and state insurance departments.
• Strong understanding of compliance frameworks, principles, and best practices.
• Experience in developing and implementing compliance programs, policies, and procedures.
• Excellent knowledge of federal and state laws and regulations applicable to insurance operations.
• Proven ability to interpret and apply regulatory requirements to business practices effectively.
• Strong leadership and management skills, with the ability to lead a team and collaborate with stakeholders.
• Excellent communication and presentation skills, with the ability to communicate complex compliance matters clearly and effectively.
• Detail-oriented with strong analytical and problem-solving abilities.
• Ability to handle sensitive and confidential information with utmost discretion.
• Professional certifications in compliance or insurance-related fields a plus (e.g., CRCM, CPCU).

Benefits

• Partially subsidized medical plan.
• Fully subsidized vision/dental options.
• Life insurance.
• Disability insurance.
• 401(k).
• Flexible paid time off.
• Parental leave.
• Potential eligibility for annual performance-based incentive program.

Company Description

We have become aware that there may be fraudulent recruiting attempts being made by people posing as representatives of Next Insurance. These scams may involve fake job postings, unsolicited emails, or messages claiming to be from our recruiters or hiring managers.

Please note, we do not ask for sensitive information via chat, text, or social media, and any email communications will come from the domain @nextinsurance.com. Additionally, Next Insurance will never ask for payment, fees, or purchases to be made by a job applicant.

All applicants are encouraged to apply directly to our open jobs via the careers page on our website. Interviews are generally conducted via Zoom video conference unless the candidate requests other accommodations.

Don’t meet every single requirement? Studies have shown that some underrepresented people are less likely to apply to jobs unless they meet every single qualification. At ERGO NEXT, we are dedicated to building a diverse, inclusive and respectful workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways.

One of our core values is 'Play as a Team'; this means making sure everyone has an equal chance to participate and make a difference. We win by playing together. ERGO Next Insurance is an equal opportunity employer and prioritizes building a diverse and inclusive workplace.