Director or Monitoring – Testing

Director or Monitoring – Testing

Requirements

• Bachelor’s Degree, Law Degree (not required), or a master’s degree in a risk management, finance, or compliance discipline.
• Strong knowledge of the insurance industry and experience working at an insurance retail or wholesale brokerage operations.
• Minimum of 8 years of relevant insurance regulatory, compliance, and or risk management experience.
• Ability to establish and maintain strong relationships across business units, insurance trading partners, trade groups, and insurance regulators.
• Ability to apply independently in a cohesive team.
• Problem-solving skills that demonstrate ability to critically evaluate and analyze issues and recommend well thought-out and/or creative solutions.
• Demonstrated ability to work in a fast-paced environment and to find creative solutions on diverse matters requiring complex legal and strategic analysis.
• Strong project management capability, with a bias for well-informed action.
• Demonstrated leadership talent, with the ability to motivate and interface with employees at all levels by virtue of keen business acumen, excellent judgment, professional competence, emotional intelligence, credibility, flexibility, and personal integrity.
• Proven capability leading and influencing global cross-functional teams.
• Exceptional interpersonal skills, with an ability to inspire trust and confidence with internal and external stakeholders with different cultural backgrounds.
• Strong written and verbal communication skills, including the ability to clearly and concisely articulate complex legal concepts to a lay audience.
• Ability to issue spot and provide incisive, practical, and business-focused compliance advice and counsel.
• Creativity and resourcefulness.
• Strong program-solving skills and a pragmatic orientation.
• Demonstrated experience in cost-effectively and proactively engaging services providers on a global basis.
• An ability and desire to travel internationally to support global compliance.

Responsibilities

• Develop and implement monitoring, testing, and compliance risk assessment programs, which include designing and implementing frameworks, plans, and procedures.
• Develop and implement plans to mitigate compliance risks, including setting up control measures, improving processes, and addressing identified weaknesses.
• Managing testing engagements which includes overseeing and execution of testing activities, including planning, fieldwork, and documentation.
• Identifying and addressing issues of potential compliance issues or areas for improvement through monitoring, testing, and compliance risk assessments.
• Review and update existing Monitoring, Testing, and Compliance Risk Assessment policies, procedures, and guidelines to address a changing and evolving insurance market.
• Work collaboratively with a variety of stakeholders, including Ryan Specialty’s senior management and other Ryan Specialty departments (e.g., Finance, Operations, Internal audit, and IT) to identify and minimize compliance risks and drive continuous implementation of compliance initiatives.
• Assists with compliance issues arising from Ryan Specialty’s M&A activity, including due diligence and acquisition integration.
• Assists in developing, monitoring, and ensuring implementation of any corrective action plans. Identify potential compliance issues or areas for improvement through the monitoring, testing, and compliance risk assessment programs.
• Report and communicate material findings and communicate with stakeholders including senior leadership.
• Ensure that the monitoring, testing, and compliance risk assessment programs are aligned with regulatory requirements and industry standards.
• Supervise, manage, and mentor team members involved in the monitoring, testing, and compliance risk assessment programs. This involves ensure team members are adequately trained and supported.
• Periodically identify areas for improvement in monitoring, testing, and compliance risk assessment processes and implement changes to enhance effectiveness.
• Engage with relevant trade group (WSIA, CIAB, and Surplus Lines Associations, NAIC), state insurance regulators, and global regulators.
• Stays current and serves as a subject matter expert on compliance developments, industry activities and emerging trends relating to Ryan Specialty’s global business.

Preferred Qualifications

No preferred qualifications provided.