Compliance Analyst I

Feel Good About Doing Good

The Knights of Columbus is a tax-exempt Catholic fraternal benefit society that provides financial security to members and their families through our life insurance, long-term care insurance, disability income insurance, investment and annuity products. Charity is at the core of our missions: our profits are donated to help those in need and to support our faith - $1.73B over the past ten years.

While we have many employees who are not Catholic, we follow the Church’s teachings in our investment strategies and our employee benefits. As part of our religious mission, we support the pro-life cause by contributing to the March for Life and pregnancy resource centers, we oppose assisted suicide and euthanasia, we are evangelists for the Catholic faith, and we help Christians who are facing religious persecution in the Middle East. We all work together to support our two million members as they volunteer to help others in their parishes and communities around the world.

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Overview

Acts as a key resource in the Department’s effort to maintain compliance with applicable insurance and fraternal regulations. Provide subject matter expertise to a variety of compliance related topics. Supports all aspects of the Order’s compliance program including monitoring of regulatory change promulgated by state and provincial insurance departments. Partner with internal departments to ensure proper implementation of compliance. Reviews, assesses and analyzes a wide range of compliance. Act as a key resource to the Legal Department to implement a robust legal hold program.

Core Responsibilities

• Manage the regulatory change process for Canadian jurisdictions, from monitoring for new/updated laws to reviewing changes in the law for applicability to the Society’s business to guiding the business to change processes in order to comply or be in position to comply with the regulatory changes.
• Support a Quality Assurance program to test job performance of business partners in key operational areas.
• Support the testing of business processes for compliance with relevant regulatory requirements.
• Support Insurance advertising (including Enterprise advertising) reviews for Compliance and coordinate with Legal, Investments Compliance, and Field Management as appropriate.
• Manage the development of required training modules to KofC employees (and agents where appropriate).
• Support as appropriate any Market Conduct Exams in all phases of the exam, from document production to preparing responses to the regulators, to meeting with them (on-site or virtually) during the exam and to review any findings and the final report.
• Manage the legal hold process for the Legal Department to ensure the preservation of relevant information and documents in response to actual or anticipated legal disputes or regulatory investigations.
• Implement procedures for legal holds, notifying custodians of relevant information and documents.
• Track compliance with legal holds, including responses to interview questions, and ensuring the timely release of legal holds when they are no longer necessary. This position works closely with legal counsel, IT personnel, and other stakeholders to ensure that legal holds are properly executed and documented, and that the organization follows legal and regulatory requirements.
  
  

Required

Skills Qualifications

• Must possess broad technical insurance knowledge, including knowledge of insurance and annuity industry regulations and practices.
• Strong interpersonal and relationship building skills and a demonstrated record of building effective working relationships at all organizational levels.
• Strong analytical and organization skills and the ability to manage multiple priorities.
• Strong ability to influence and negotiate effectively.
  
  

Preferred:

• Excellent verbal and written communication skills.
• Must be detail-oriented and strong with documentation.
• Must be able to maintain confidentiality.
  
  

Education

Required:

• Bachelor’s degree in relevant field
• Minimum five to seven years of experience working with legal holds and e-discovery
• Minimum three to five years of experience in insurance compliance
  
  

Preferred:

• Master’s degree in relevant field
• Insurance designations (e.g., FLMI, CLU, ACS, MCM)
  
  

Compensation

The wage range for this role takes into account a broad array of factors that are considered in making compensation decisions, including but not limited to: skill sets; experience and training; licensure and certifications; and other business and organizational needs. The range below applies as long as the work is performed in Connecticut; the Knights of Columbus reserves the right to adjust the wage range if the position is performed in another location. At the Knights of Columbus, it is not typical for an individual to be hired at or near the top of the range for their role, and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $59,200-91,700.

Authorization To Work In The United States Is Required.

This position is not eligible for visa sponsorship.

Physical Demands

Must be able to remain in a stationary position for a majority of the workday.

KofC Cares

Our mission is focused on family and faith, and we support our employees in seeking a balanced life.

Employee benefits include:

Time Away: 13 paid holidays per year in addition to vacation and paid sick leave, and flexible workweek schedules.

Professional Development: Certifications, designation, and tuition reimbursement.

Retirement Benefits: 401(k) retirement savings plan with matching company contributions, and cash balance retirement plans fully funded by the company.

Health and Wellness:

• Short-term disability and term life insurance fully paid for by the company;
• Up to 12 weeks of childbirth leave under STD policy.
• One week of fully paid parental leave for all new parents, including adoptive and foster parents.
• A variety of health insurance options, including premium-level family coverage and a pre-tax Health Savings Account with employer contributions. The Order's health plans do not cover abortion, sterilization, or contraception, and the Order has helped advocate for other employers who do not want to provide coverage.
• Long-term disability insurance;
• Dental insurance;
• Vision insurance;
• Health club membership reimbursement;
• Employee Assistance Program