What are the responsibilities and job description for the VP, Compliance position at JR Group?
We are committed to providing a stable and rewarding work environment supported by our Core Values and Guiding Principals : Integrity, Accountability, Innovation, Customer Service, Communication, and Teamwork.
James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in two specialty property and casualty insurance segments : Excess and Surplus Lines and Specialty Admitted Insurance. The Company ends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company.
Job Summary
The VP, Compliance will lead the Shared Service function and serve as a strategic partner who understands how the compliance functions support business objectives.
Duties and Responsibilities
- Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service
- Identify and mitigate compliance risks to the insurance companies (admitted and excess & surplus lines) through the development, implementation, documentation, updating, maintenance, establishment of controls, and monitoring, of the compliance program
- Provide compliance advice to internal stakeholders (underwriting, claims, marketing, and actuarial) on product matters
- Keep well informed of changes to statutes, regulations, governmental interpretations, industry trends, and lessons learned within the organization
- Ensure compliance and any changes impacting segment operations are addressed through appropriate strategic response and planning, including appropriate best practices
- Determine compliance priorities to help execute upon enterprise-wide initiatives
- Develop goals and objectives for the department and lead the compliance team in effective execution
- Hire, develop, evaluate, and retain a highly qualified team of Compliance professionals; and implement the most appropriate organizational structure to support and engage with the enterprise
- Build strong relationships with departments across the enterprise, and develop a detailed understanding of their challenges and opportunities
- Oversee all compliance requirements, including the creation, review, maintenance and filing of all materials and requests with the applicable regulators
- Work with in-house legal team on matters involving Federal, State and regulatory authorities or other relevant parties in issues of compliance, including company licensing, reporting and corporate policies
- Collaborate with leadership teams to develop and implement strategic plans for the penetration of markets and the development of insurance products
- Ensure, in partnership with Legal, that product proposals comply with the laws and regulations of each state
- Oversee project management teams for assigned product initiatives
Knowledge, Skills and Abilities
Experience and Education
LI-AF1
LI-Remote
Other details
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