Compliance Manager - Insurance

Edward Jones; Mississauga; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Compliance Manager (Insurance) to lead regulatory compliance efforts across Canada. This pivotal role involves managing risks, ensuring adherence to insurance regulations, and fostering a culture of compliance within the organization. You will collaborate with various teams to implement effective oversight mechanisms and provide guidance to advisors on best practices. If you have a strong background in compliance within the insurance sector and are passionate about making a positive impact, this opportunity is for you. Join a forward-thinking firm that values your contributions and supports your career growth.

Benefits

Rewards program

Financial security benefits

Profit sharing

Career development opportunities

Qualifications

• 6-10 years in a compliance role within the insurance sector.
• Must hold a valid insurance license for 5 of the last 7 years.

Responsibilities

• Oversee the compliance insurance program in Canada, focusing on Quebec.
• Develop and maintain insurance policies and procedures.

Skills

Project management

Critical analysis

Problem-solving techniques

Fluency in French

Fluency in English

Written communication

Verbal communication

Facilitation skills

Organizational skills

Analytical skills

Education

Bachelor's Degree

Insurance licenses (LLQP)

Job description

Join a financial services firm where your contributions are valued. Edward Jones is a Fortune 500 company where people come first. With over 9 million clients and 20,000 financial advisors across the U.S. and Canada, we’re proud to be privately-owned, placing the focus on our clients rather than shareholder returns.

Behind everything we do is our purpose: We partner for positive impact to improve the lives of our clients and colleagues, and together, better our communities and society. We are an innovative, flexible, and inclusive organization that attracts, develops, and inspires performance excellence and a sense of belonging.

People are at the center of our partnership. Edward Jones associates are seen, heard, respected, and supported. This is what we believe makes us the best place to start or build your career.

¹Fortune 500, published June 2024, data as of December 2023. Compensation provided for using, not obtaining, the rating.

The Compliance Manager (Insurance) serves as the primary regulatory compliance expert for the firm's compliance insurance program in Canada. The role is responsible for managing regulatory risks and ensuring the firm's adherence to all insurance-related regulatory requirements across Canada, with a specific focus on Quebec. As a registered certificate holder with the Autorité des marchés financiers (AMF), this role oversees the design, implementation, and maintenance of a comprehensive Canada Insurance Compliance Program. The position collaborates closely with Compliance, business teams, and leadership to establish robust oversight mechanisms, governance metrics, and audit protocols to ensure program effectiveness. Additionally, the Compliance Manager (Insurance) integrates relevant regulations into the firm's policies, processes, and controls to ensure compliance. This role carries regulatory liability for supervisory effectiveness.

Key Responsibilities

• Performance of tier one supervision and oversight activities for Quebec insurance advisors;
• Development and maintenance of a focused Insurance compliance program that considers all insurance regulatory requirements and addresses inter-provincial differences;
• Building and maintenance of an internal control matrix for Insurance and mapping regulatory requirements to corresponding controls;
• Development and maintenance of insurance policies and procedures;
• Contributing to the strategic review of functional alignment across the insurance business and analyzing operational controls to identify gaps and make recommendations to rectify;
• Providing guidance and training to advisors on rules, regulations, and best practices;
• Acting as the primary Compliance lead for agencies on compliance questionnaires, audits, and information requests;
• Assisting with insurance related complaints and liaising in conjunction with the Senior Regulatory Manager on regulatory audit matters;
• Providing annual reporting to the Chief Compliance Officer and the designated Responsible Officer in Quebec on the status of the insurance program;
• Fostering a strong risk and compliance culture within the organization (including the development and delivery of workshops, training, and other awareness initiatives).

Education, Experience, and License Requirements

• Bachelor's Degree
• 6-10 years in a relevant or similar role
• Insurance licenses (Level 2 / Life License Qualification Program (LLQP)) required for insurance supervision
• Must have held a valid insurance license for 5 of the last 7 years
• Bilingual in French and English

Required Skills

• Project management
• Critical analysis and problem-solving techniques
• Fluency in French and English
• Excellent written and verbal communication skills
• Facilitation/presentation skills
• Strong interest in Insurance
• Process-minded, organized, with an eye for detail and excellent analytical skills

Successful Candidate Must

• Hold a current certificate issued by the Autorité des marchés financiers ("AMF");
• Have relevant experience (6 to 10 years) in a risk or compliance position within the insurance sector;
• Demonstrate an advanced understanding of:
• Financial services, including insurance products and services;
• Regulatory framework governing insurance;
• Strong knowledge of the respective provincial insurance acts;
• Regulatory compliance management, with the demonstrated ability to analyze risk exposures;
• Industry practices, evolving trends, and leading practices.

At Edward Jones, we are building a place where everyone feels like they belong. We're proud of our associates' contributions to the firm and the recognitions we have received.

Check out our U.S. awards and accolades: Insights & Information Blog Postings about Edward Jones

Check out our Canadian awards and accolades: Insights & Information Blog Postings about Edward Jones

Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law.

At Edward Jones, we value and respect our associates and their contributions, and we recognize individual efforts through a rewards program that promotes a long-term career, financial security, and well-being. Visit our career site to learn more about our total compensation approach, which in addition to base salary, typically includes benefits, bonuses, and profit sharing. The salary range for this role is based on national data and actual pay is based on skills, experience, education, and other relevant factors for a potential new associate.