Compliance Assurance Specialist

Zurich NA; Schaumburg (IL); Hybrid; USD 73,000 - 119,000; Full time

Job summary

Zurich North America is seeking a Compliance Assurance Specialist who will report to the AVP Director, Compliance Assurance. This hybrid role is based in Schaumburg, IL or fully remote from anywhere in the United States.

You will support the Zurich Compliance Program, assist in identifying and managing compliance risks, plan and report assurance activities, and conduct design and operating effectiveness testing.

Qualifications

• Bachelor's Degree or equivalent with 4+ years in Claims/Marketing/Underwriting/Compliance.
• Experience with Microsoft Office.
• Project Management experience.
• Knowledge of underwriting and/or claims processes.
• Experience working in a legal regulatory environment.
• Internal audit or assurance experience preferred.
• Financial services industry experience.
• Data analytics with Excel experience.

Responsibilities

• Support the Assurance program under Zurich Compliance.
• Assist in identifying and managing Compliance Risks.
• Plan, execute and report assurance activities of moderate complexity.
• Conduct Design and Operating Effectiveness testing.
• Develop recommendations to improve internal controls.
• Prepare reporting materials for governance committees.
• Coordinate with Assurance Providers across the three lines of defense.
• Provide input to Compliance Risk assessments.
• Assist in prioritizing and developing a risk-based assurance plan.
• Escalate overdue issues to the team lead.

Skills

Microsoft Office

Project Management

Underwriting/Claims

Legal/regulatory

Data analytics

Excel

Communication skills

Team collaboration

Financial services

Education

Bachelor's Degree

High School Diploma or Equivalent

Zurich Certified Insurance Apprentice

Tools

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Job description

Zurich North America is currently hiring a Compliance Assurance Specialist and this person will report to the AVP Director, Compliance Assurance. This position is a hybrid role based in our Schaumburg, IL North America HQ or fully remote from your home anywhere in the United States.

Accountabilities:

• Provide assistance in implementing and executing on the organizational unit’s Assurance obligations under the Zurich Compliance Program.
• Assist the Assurance team in supporting business management in the identification and management of Compliance Risks.
• Plan, execute and report outcomes of assurance activities of moderate complexity, and deliver support for more complex assurance activities.
• Conduct Design Effectiveness and Operating Effectiveness testing.
• Develop creative, sustainable recommendations to support business management’s implementation of appropriate, risk-based internal controls.
• Contribute to the preparation of reporting materials for governance committees and business management as directed by the Team Lead.
• Build relationships and coordinate with other Assurance Providers across the three lines of defense.

Provide relevant input to the Compliance Risk assessment.

• Contribute to the prioritization and development of a risk-based compliance (assurance) plan. Suggest plan changes when perceived to be necessary.
• Assist in preparing adequate reporting regarding progress against assurance plan, significant results, and bring to the attention of team lead escalation of overdue issues.
• Make recommendations to further increase the effectiveness of the assurance section of the Zurich Compliance Program applying to the organizational unit.

Basic Qualifications:

• Bachelors Degree and 4 or more years of experience in the Claims, Marketing, Underwriting or Compliance area OR
• High School Diploma or Equivalent and 6 or more years of experience in the Claims, Marketing, Underwriting or Compliance area OR
• Zurich Certified Insurance Apprentice, including Associate Degree and 4 or more years of experience in the Claims, Marketing, Underwriting or Compliance area AND
• Experience with Microsoft Office
• Project Management experience
• Knowledge of underwriting and/or claims processes
• Experience working in a legal regulatory environment

Preferred Qualifications:

• Internal audit (or public accounting), or other assurance experience
• Knowledge of insurance regulatory risks and/or insurance underwriting or underwriting operations experience
• Experience in working with internal control frameworks
• Strong problem solving and analytical skills
• Strong verbal and written communication skills
• Financial Services industry experience
• Experience collaborating in a team working environment across business units
• Experience with using data analytics; proficiency with Excel

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply—your unique background matters to us. The pay range shown is a national average and may vary by location. The proposed Salary range for this position is $72,500.00 - $118,700.00, with short-term incentive bonus eligibility set at 10%.

We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here.]

Why Zurich?

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment-s so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500®.

Join us for a brighter future—for yourself and our customers.

Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.

Zurich complies with 18 U.S. Code

• 1033.

Location(s): AM - Schaumburg

Remote Working: Hybrid

Schedule: Full Time

Employment Sponsorship Offered: No