Compliance Assurance Specialist

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

Job summary

Zurich North America is hiring a Compliance Assurance Specialist in Schaumburg, IL or fully remote from anywhere in the United States. The role reports to the AVP Director, Compliance Assurance and supports assurance obligations under the Zurich Compliance Program.

The specialist will conduct testing, develop risk-based recommendations, and prepare reporting materials for governance committees, coordinating with other assurance providers across the three lines of defense.

Qualifications

• Bachelor's degree or higher with 4+ years in Claims/Marketing/Underwriting/Compliance.
• Experience with Microsoft Office and a legal/regulatory environment.
• Underwriting/claims knowledge is preferred.

Responsibilities

• Support assurance activities and report outcomes of testing.
• Develop recommendations to strengthen internal controls.
• Prepare governance materials and escalate overdue issues as needed.
• Collaborate across the three lines of defense and with other Assurance Providers.

Skills

Problem solving

Analytical skills

Verbal and written communication

Financial services experience

Education

Bachelor's degree

High School Diploma

Zurich Certified Insurance Apprentice

Tools

Microsoft Office

Job description

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Compliance Assurance Specialist

137970

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
• 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 rangefor 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 .]

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment—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
Linkedin Recruiter Tag: #LI-GR1 #LI-ASSOCIATE #LI-HYBRID