What are the responsibilities and job description for the Risk & Compliance Manager position at Alfa Insurance Corporate Careers?
Benefits:
- Onsite Cafeteria
- Onsite Childcare Center
- Dental insurance
- Health insurance
- Paid time off
Company Overview
Alfa Insurance® is an A-rated insurance carrier that offers an excellent array of auto, home, life, farm and business insurance products. Alfa® is known for its superior service and received the highest score in the Southeast region of the J.D. Power 2024 U.S. Auto Insurance Study, which measures customer satisfaction with auto insurance providers. Since its humble beginnings in 1946, Alfa and its affiliates now serve more than 1 million customers across 14 states.
As the Risk and Compliance Manager, you are responsible for the leadership, innovation, governance and management necessary to identify, evaluate, mitigate, and monitor the company’s operational, financial, compliance and strategic risks within the P/C, Life and non-insurance companies.
Job Summary
Are you a detail-oriented professional with a talent for distilling complex information into clear, actionable insights? Are you adept at understanding and managing regulatory requirements, fostering strong communication, and collaborating within a tight-knit team? If so, we invite you to join our team as a Risk and Compliance Manager.
As a Risk and Compliance Manager, you will play a pivotal role in ensuring our organization meets industry regulations, mitigates potential risks, and maintains ethical standards. You will be responsible for assessing compliance frameworks, identifying areas of improvement, and effectively communicating findings to leadership and team members.
Responsibilities
- Oversee Alfa’s corporate insurance program, minimizing risk and financial loss through effective policy procurement and broker relationship management.
- Design and implement compliance programs to ensure adherence to regulatory requirements.
- Develop and maintain corporate policies and manage training for employees.
- Coordinate regulatory examinations and inquiries.
- Work with IT Security and management to implement privacy and cybersecurity programs that protect sensitive information.
- Support cybersecurity committees and ensure risk oversight across business units.
- Assist with the corporate ERM program, focusing on third-party risk management to evaluate and monitor vendors effectively.
Qualifications
- BA/BS degree in Auditing, Accounting, Finance, IT, Insurance, Risk Management or other related business discipline required. Master’s degree preferred.
- One or more certifications preferred (CPA, CIA, CRM, CMA, CISA, CRMP) or other comparable designations.
- Legal education/certificate (i.e., paralegal certificate) a plus
- Five years’ experience in a compliance and/or risk management discipline (including audit, enterprise risk management, legal, corporate insurance, accounting, underwriting/loss mitigation, operations, etc.) required.
- Excellent skill set in reading and interpreting the highly technical and legal language of applicable technical literature (e.g., laws, regulations, accounting, and auditing pronouncements, policies and procedures, etc.) for areas of assignment.
- Strong foundation in compliance, enterprise risk management, and/or related fields.
- Diverse knowledge and experience in a broad spectrum of business disciplines (compliance, legal, cybersecurity, financial analysis, insurance, operations, strategic planning, etc.) and prior managerial experience preferred.
- Excellent oral and verbal communication skills; excellent presentation skills in order to translate technical and legal information into understandable terms.
- Strong analytical and exceptional problem-solving capabilities; excellent report summation skills; creative “out of the box” thinker.
- Self-motivated, organized and able to develop various programs, standards, etc. for company-wide application.
- Skilled in meeting deadlines, working under pressure and working autonomously in a team environment; excellent project management skills.
- Effective leadership and management skills; able to interact and serve as a strategic partner with senior management and assigned Business Unit leads.
- Skilled in applicable computer software programs, such as Microsoft Excel, Access, and/or Word.
Benefits/Perks
- Opportunity for annual performance bonus
- Discounts on your auto insurance (underwriting approval required)
- Benefits include: Health, dental, supplemental cancer, vision insurance and 401(k) plan
- Paid Time Off Bank to include 3 days PTO available after first 80 hours worked for New Hires
- Short-term and long-term disability
- Flexible Healthcare and Childcare spending accounts for tax savings
- Opportunities for advancement
- Continuous training and support throughout your career with Alfa
- College tuition discounts at various colleges in Alabama
- Fitness center
- Onsite cafeteria
- Access to onsite childcare center
