Senior Compliance Analyst (ECH)

Echelon Insurance; Mississauga; On-site; CAD 75,000 - 95,000; Full time

Job summary

Echelon Insurance in Mississauga is seeking a Regulatory Compliance Specialist to provide high-quality and timely regulatory compliance analysis and guidance in support of the company’s insurance business. The role requires 5+ years of relevant experience and involves responsibilities such as developing compliance training and conducting compliance monitoring.

The ideal candidate will have a background in Business Administration, Commerce, or Risk Management, and strong communication skills are essential.

Qualifications

• 5+ years of experience in insurance operations or regulatory compliance.
• Industry accreditation (CIP, FCIP, CRM, RF) is an asset.
• Prior experience with OSFI and provincial insurance regulatory compliance.

Responsibilities

• Provide timely regulatory compliance analysis and guidance.
• Assist in developing compliance training for the business.
• Conduct periodic monitoring and testing of compliance processes.

Skills

Regulatory compliance

Written communication

Verbal communication

Risk Management

Collaboration

Organizational skills

Education

Post-secondary education in Business Administration, Commerce, Risk Management or Insurance

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Job description

Position Details

What You Will Do

• Provide high‑quality, timely and solution‑oriented regulatory compliance and compliance‑focused analysis, advice, and guidance in support of all facets of the company’s insurance business.
• Research and prepare written memoranda, communications, and presentations to support regulatory compliance‑focused analysis, advice and guidance provided.
• Stay current on insurance, financial services and other applicable legislation, regulations, regulatory guidelines and directives, and any related developments, and their impact on the company’s business and strategy.
• Assist in the development and delivery of regulatory compliance training for the business and coach business partners on regulatory compliance best practices.
• Develop and implement corrective action plans for resolution of compliance issues.
• Assist in the development and implementation of compliance infrastructure, including drafting regulatory compliance implementation plans and timelines.
• Develop compliance framework, taxonomy, policies, methodologies, standards & tools based on OSFI and provincial regulatory requirements.
• Develop and report on compliance key risk indicators (KRIs), compliance/operational risk event reporting.
• Support with business process mapping and risk control.
• Provide guidance to the business on the integration of regulatory compliance with the execution of strategic business plans.
• Provide regulatory compliance support with knowledge of insurance operations by attending meetings with business units.
• Work collaboratively with governance and control functions for implementation and embedding a compliance culture.
• Enable effective management of regulatory compliance at the front‑line level by coaching business partners on best practices such as developing policies and guidelines.
• Conduct periodic monitoring and testing reviews of business units to ensure that the company’s processes and controls are effective.
• Review and draft correspondence to and from regulators and assist in the completion and submission of regulatory reports and surveys.
• Advise on regulatory compliance and monitor action plans.

Salary Information

Salary range is not inclusive of total compensation. The expected salary range for this position will be impacted by factors such as the successful candidate’s skills, experience and working location, as well as the specific position’s business line, scope and level. Candidates with salary expectations outside of the range are encouraged to apply.

Who You Are

• Completed post‑secondary education in Business Administration, Commerce, Risk Management or Insurance.
• Industry accreditation (CIP, FCIP, CRM, RF) would be an asset.
• 5+ years of experience in insurance operations (underwriting, claims, etc.) and/or regulatory compliance role in a Canadian insurance company or brokerage.
• Prior Ethidex regulatory compliance management system experience is an asset.
• Prior experience in the insurance industry or experience with OSFI and provincial insurance regulatory compliance requirements.
• Demonstrated experience in facilitating and supporting projects/programs that involved cross‑functional stakeholders.
• Excellent verbal and written communication skills to suit the needs of various stakeholders across all levels of management.
• Prior knowledge/experience with Governance, Risk and Compliance and Controls frameworks is an asset.
• Proficiency with Word, Excel, PowerPoint.
• Good organizational & time management skills.

Our Commitment

We are an equal opportunity employer and are committed to providing employment accommodation in accordance with all applicable Provincial Human Rights and Accessibility Legislation. CCG will provide accommodations to job applicants with disabilities throughout the recruitment process. If you require an accommodation, please notify us and we will work with you to meet your needs.