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Director, Compliance Manager

SCOR6 days ago
Hybrid
Toronto, ON
CA$105,000 - CA$145,000/year
Senior Level

Top Benefits

Health insurance coverage
Life and disability insurance
Retirement saving plan

About the role

The role-holder’s primary responsibility will be to support SCOR’s P&C and Life Canadian operations. The role holder will support the VP, Chief Compliance Officer & Associate General Counsel in all of their missions for SCOR’s Canadian operations .

The role-holder will be expected to understand and respond to (as is appropriate) the commercial and business-related constraints and regulatory environment applicable to SCOR. The role- holder will report to the VP, Chief Compliance Officer & Associate General Counsel – Canada and partner with a legally-trained team member, as appropriate.

Reporting to the VP, Chief Compliance Officer & Associate General Counsel – Canada, the Director, Compliance Manager will oversee regulatory filings, coordinate and manage compliance initiatives and processes, support the corporate secretary functions, and assist in responding to various inquiries and requests from the business and other corporate functions as handled by the Legal & Compliance team.

Compliance Management

  • Ensure timely and adequate filing of non-financial returns and other pertinent documents with all federal, provincial and territorial regulatory bodies, associations, etc., ensuring regulatory compliance for SCOR Canada and SCOR Canadian Branches.
  • Prepare, maintain and update the Compliance Plan, regulatory compliance reports, regulatory policies and procedures, and local training; conduct monitoring and testing; and perform regulatory compliance gap analyses, as required by the VP, Chief Compliance Officer & Associate General Counsel – Canada, President and CEO, the Board of Directors and the Chief Agents.
  • Provide support to Group Compliance functions to act as a local relay to institutional compliance topics otherwise outside of the primary scope of this position (e.g., sanctions, bribery).

Corporate Secretary Support

  • Provide support to the Corporate Secretary in all aspects of Board, Board Committee, and Branch Management meetings, including assisting with the organization and convening of all meetings, preparation, collection and distribution of meeting materials, attending all meetings and drafting, and reviewing meeting minutes.
  • Create and ensure accurate corporate records in all required systems. Certify via secretary’s certificate corporate governance records for regulatory examination, audit purposes or other initiatives when required. Prepare filings in support of legal actions taken by the SCOR Canada entities including obtaining Board authorization when required.

General Legal Support

  • Conduct preliminary review of vendor contracts for accuracy, completeness and consistency, including for compliance with regulatory requirements and corporate standards.

  • Communicate in written and verbal form with stakeholders regarding legal, regulatory and compliance issues.

  • Assist in preparing and coordinating local training on legal topics.

  • Effectively manage time and meet deadlines, including in responding to various inquiries and requests handled by the Legal & Compliance team.

  • Paralegal, law clerk, or other law college diploma and training in corporate law from a law firm or an in-house legal environment

  • Ideally 4+ years of experience.

  • French language fluency (oral and written) is a strong plus.

  • This role is made for a person with a strong sense of organization and a knowledge of Canadian regulatory compliance requirements, with a desire to learn how to support Board/Branch Management organization.

  • Some prior relevant experience is required, but a capability to develop new skills, self-teach, and learn and grow with the business, and the willingness to dedicate up to 20% of their time on matters outside their primary expertise, will make the role- holder successful in the long term.

  • We are looking for a proven self-starter who takes initiative, can act independently when needed and make their own decisions, while keeping relevant stakeholders advised, involved, and operating within internal governance requirements and guidelines.

  • Strong written and oral communication skills are also required, as well as the ability to determine how and when to develop/sustain a message and/or an idea and the ability to deploy the right tools to present information.

  • We also require the ability to promptly make decisions and/or to roll out decisions, reflecting all available information and appropriate risk assessments.

SCOR welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

Hybrid Work Policy: SCOR is committed to an "in office" culture where people can collaborate, exchange ideas, and establish stronger working relationships while still providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.

Pay Range for roles performed in Toronto: $105,000-$145,000 CAD base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short- and long term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.

About SCOR

Insurance
1001-5000

SCOR, one of the world's largest reinsurers, provides its clients with a diversified and innovative range of solutions to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health as well as in P&C.

The reinsurance industry is about combining technical expertise and experience with the developments of science. However many tools we use to conduct our activities (models, databases, pricing tools, reserving tools, and so on), we also need expert judgments and human experience to correctly underwrite. This is what we call the art of underwriting. Reinsurance is a knowledge industry. Expertise is an accumulation variable.

The most advanced tool will never replace the intuition of a seasoned underwriter facing a complex risk. Because at the end of the day, you have to make a decision, to sign, to underwrite. And what we have underwritten, we cannot overwrite - our word is our bond, as is our signature. This dimension of our business, linked to the art of underwriting, is more important than some observers would have people believe.

One way to acquire this art is to share experiences – both good and bad – and to share doubts and questions. Artists always belong to a school, from which they learn their craft.

Like artists, we have to learn, imitate, mimic, and then innovate, in order to find our own style and create our own distinctive work.

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