Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.
Finance and Accounting
Compensation Overview
The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees may also be eligible for performance-based case incentive awards.
Salary Range
$84,160.00 - $126,240.00
1
Under general supervision, responsible for research, analysis and handling of complex compliance matters related to regulatory compliance management, compliance policies and procedures, and/or quality assurance/self-audits for monitoring the business areas to ensure compliance with applicable provincial and federal requirements relevant to the area. This includes promoting awareness of compliance issues, monitoring execution of Legal and Compliance strategies and work functions, monitoring success in implementing compliance actions, assisting in the development of compliance plans/programs, and/or quality assurance reviews and self-audits and resolving compliance issues in coordination with internal and external business/support units. Assists with the training and on-boarding of new hires.
What Will You Do?
- Coordinate and participate in the review of routine changes in company processes, policies & standards; ensure that controls and processes are operating effectively by design.
- Assist in planning and monitoring business controls by testing key attributes for different functional areas to verify their operating effectiveness.
- Perform business impact analysis and financial risk assessment analysis; review and communicate the findings of these efforts with the impacted stakeholders (control owner, team manager, etc.), consult and recommend possible solutions.
- Provide support to stakeholders on requirements for new and existing business solutions to assure compliance to standards and governing policies and procedures.
- Responsibilities may include tracking, on a day-to-day basis and by utilizing various sources of information, new and amended legislation, regulations, guidance, requirements, and other items relevant to the industry, to assess the regulatory landscape and notify key stakeholders.
- Maintaining legal and regulatory compliance by researching, tracking, and communicating specific requirements that can be impactful to various departments or business areas.
- Developing and maintaining a compliance recordkeeping system.
- Analyze and update existing compliance policies and related documentation, and possibly developing new compliance policies and procedures.
- Advise, assist, guide and consult on issues of possible non-compliance and work with the various departments or business areas to ensure compliance with regulatory requirements.
- Makes recommendations for changes to policies and procedures when gaps are identified.
- Provides guidance and assistance to lower-level associates and other functional areas.
- Develops, implements, and maintains compliance assessment processes/tools associated with legal and compliance functions.
- Provides recommendations; prepares, conducts, or facilitates training for related departments and individuals to ensure adherence to compliance obligations at all levels.
- Assists in reviewing, monitoring, and/or providing detailed evaluations of processed work, providing recommendations for improvement to ensure consistent and superior compliance.
- Manages compliance related projects or process re-design.
- Provides technical expertise and support within business area.
- Other duties as required.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Strong knowledge of regulatory and compliance aspects of the insurance industry.
- Proven ability to research and interpret laws and regulations.
- Experienced using Microsoft Office applications (Word, PowerPoint Excel, Visio).
- Strong verbal and written communication skills.
- Strong influencing skills.
- Strong business and insurance knowledge, including knowledge of business line products and procedures.
- Strong knowledge of company applications and systems.
- Ability to manage own work and lead teams.
- Strong research, analysis and problem-solving skills.
- Strong project management and organization skills.
- Able to interact effectively with all levels of employees.
- Demonstrates personal integrity, ethics, and a commitment to doing the right thing.
- Able to identify complex, critical and sensitive compliance-related matters.
- Able to analyze and interpret legal documentation.
- Able to read and interpret laws, regulations and rules and understand and communicate resultant business impact.
- Can build relationships within the company.
- Has appropriate sense of urgency and ability to multitask within tight time frames and meets deadlines.
- Can represent the unit in a positive and professional manner.
- Is detail oriented, yet able to set priorities.
- Able to present subjects clearly to both technical and non-technical audiences with ideas that are concisely and logically stated.
What is a Must Have?
- University degree or equivalent work experience.
- 5 years of experience in the insurance industry.
What Is in It for You?
- Health Insurance: Employees and their eligible family members – including spouses, partners, and children – are eligible for coverage from the first day of employment.
- Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
- Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve paid company Holidays.
- Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.
Employment Practices
Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
This posting is for an existing vacancy. Travelers does not use artificial intelligence (AI) tools to assess, screen or select applicants. Travelers reserves the right to fill this position at a level above or below the level included in this position.
To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.