Summary of Responsibilities:
Accountable for Western & Southern Financial Group’s (W&SFG) compliance process for reviewing and assessing
new and changes to current, state and federal regulations and National Association of Insurance Commissioners
model rules (NAIC Model Rules), including insurance, privacy, cyber-security, financial exploitation of seniors and
state standards of care regulations (collectively, Regulations) that impact or otherwise apply to W&SFG insurance companies. Work assignments include: (i) reviewing and proposing changes to the current W&SFG compliance process for reviewing and assessing Regulations and related implementation of processes and change management efforts; (ii) monitoring and analyzing Regulations; (iii) leading projects to revise written procedures, systems and forms as necessary for W&SFG insurance companies to comply with Regulation requirements; (iv) communicating Regulations to W&SFG Compliance teams, W&SFG insurance companies and shared service units (SSUs); and (iv) assisting W&SFG Compliance teams, W&SFG insurance companies and SSUs in the implementation of changes to business operations, written procedures and practices necessary to comply with Regulations and management of related compliance risk. The Insurance Compliance Specialist - Regulatory works closely, and communicates directly, with members of W&SFG Compliance, Law, Internal Audit, and W&SFG insurance companies and SSUs to assess, document, communicate and implement Regulation requirements. Identifies regulatory and risk issues and trends presented by high-level Regulation topics that impact W&SFG insurnace companies and SSUs, and escalates to the Compliance Manager, Regulatory Change and Filing or other W&SFG Compliance management in a timely manner and as appropriate. Leads or contributes to applicable projects with W&SFG insurance companies and SSUs in coordination with W&SFG Compliance teams to improve W&SFG insurance companies’ and SSUs’ practices and processes related to Regulation requirements. Communicates applicable issues, including implementation issues, to W&SFG Compliance management as necessary. Works with minimal supervision and is responsible for making an established range of decisions, timely escalating to the Compliance Manager, Regulatory Change and Filing as appropriate, including providing regular updates regarding Regulations and implementation and other related efforts.
Computer Skills and Knowledge of Hardware & Software Required:
Certifications & Licenses (i.e., Series 6 & 63, CPA, etc.):