Regulatory Compliance and Privacy Officer
Full Time | Hybrid
We are currently looking for a Regulatory Compliance and Privacy Officer to join our team. In this role you will be responsible for ensuring the company complies with relevant federal and provincial laws and regulations related to insurance brokerage. This role will also manage privacy policies and practices, ensuring that client data is managed securely and in accordance with applicable privacy laws. The officer will manage licensing requirements across provinces, ensuring all professionals within the company meet regulatory standards.
Wilson M. Beck Insurance Services is one of the largest privately held construction focused brokerages in Western Canada and was named one of the Top Insurance Employers in 2023. WMB has dedicated teams focused exclusively on insurance, surety, warranty, and risk management services. We have strategically positioned ourselves into what we consider the key locations to best service our clients. Since 1981, we have grown to employ over 300 people in 12 offices around Canada. Our strength is our people and their expertise We Care. We Help.
WHAT YOU’LL DO
Compliance:
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Develop, implement, and maintain a compliance program to ensure adherence to industry regulations, including the Insurance Act, provincial regulations, and other relevant legal requirements.
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Develop, implement, and maintain an International Compliance and Placement program.
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Stay up to date with regulatory changes and updates in the insurance industry, providing guidance and implementing necessary changes to internal policies.
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Collaborate with internal teams to ensure that business operations align with compliance requirements.
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Monitor and conduct internal audits to evaluate and improve compliance with regulatory standards.
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Ensure the Lloyd’s covernotes comply with legal standards and that there are no breaches of underwriting authority or regulations.
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Review Insurer Contracts to ensure these contracts comply with regulatory standards.
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Review third party producer contracts to ensure the contract terms are compliant.
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Review wholesale agreements to ensure compliance with the applicable regulations.
Privacy:
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Develop and enforce privacy policies and procedures, ensuring the brokerage complies with PIPEDA (Personal Information Protection and Electronic Documents Act) and other provincial privacy laws.
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Manage data privacy issues, including data breaches, investigations, and reporting.
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Educate staff on data privacy and protection policies, ensuring proper training and awareness.
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Respond to client and regulatory inquiries about data privacy and protection.
Licensing:
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Oversee the licensing process for all brokers within the company, ensuring compliance with provincial licensing requirements.
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Manage renewals, applications, and necessary submissions to maintain all required licenses for the brokerage.
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Maintain an organized system to track licenses, renewals, and expiry dates.
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Liaise with regulatory bodies for licensing updates and requirements.
WHO YOU ARE
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You are an experienced professional with 3 to 5 years’ experience in a compliance, regulatory, or privacy role, preferably within the insurance industry or financial services industry.
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You have comprehensive understanding of Canadian insurance regulations, PIPEDA, and provincial licensing requirements.
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You exhibit exemplary people management, interpersonal, written, and oral communication skills.
COMPENSATION
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The expected salary range for this position is $100,000 to $135,000 and will be impacted by factors such as the successful candidates’ skills, experience and working location, as well as the business line, scope, and level.
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Company Benefits program
WHAT WE OFFER
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A competitive salary and benefits program.
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Professional development training/courses.
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A great collaborative work environment.
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We are firm believers in the health and wellness of our staff and provide on-site resources and services to encourage and support this.
