Director of Compliance

As one of the world's top International Medical Insurance companies, IMG helps individuals and companies of all sizes. Every second of every day, vacationers, those working or living abroad for short or extended periods, people traveling frequently between countries, and those who maintain multiple countries of residence use our products to give themselves global peace of mind®

We are looking to grow our teams with people who share our energy and enthusiasm for creating the best experience for travelers.  

JOB DETAILS

• Location:  Indianapolis, IN
• Relocation Expenses Reimbursed:  No
• Qualified candidates must be legally authorized to be employed in the United States. IMG will not be providing sponsorship for employment visa status (e.g., H-1B or TN status) for this position.

JOB SUMMARY

This position is responsible for monitoring, reporting and assisting operational leaders with maintaining or achieving industry legal, regulatory, and operational compliance across the enterprise, including by completing operational and compliance audits and by coordinating compliance initiatives, reporting and risk assessments with parents, subsidiaries and affiliates.  This position will work collaboratively with senior management, team leaders, and business partners to clearly communicate compliance standards and provide the support needed for the Company’s operational leaders to meet the Company’s and Industry’s Best Practices and continuously support the improvement of the technical quality of the Company’s compliance, measuring compliance through the completion of audits and quality reviews.  The position will analyze and communicate findings, recommend solutions, and assist in the development of meaningful action plans.  

PERKS

• Comprehensive benefits package including Medical/RX/Dental/Vision insurance
• 401k Plan with company match
• Free employee parking
• On site fitness center
• Casual dress environment
• Tuition reimbursement plan

DUTIES AND RESPONSIBILITIES

• Provide oversight relating to the Company’s compliance, including the maintenance of a compliance monitoring plan
• Serve on committees, working groups and projects required to coordinate compliance monitoring, reporting and new initiatives with parent companies and ownership
• Provide oversight on regulatory matters relating to any and all branch offices of the companies
• Work directly with all Company stakeholders regarding rollout and implementation of compliance policies and procedures
• Monitor and assess third-party vendors’ and service providers’ compliance programs
• Review, edit, revise and, when appropriate, approve contracts affecting or revising Company’s compliance obligations
• Monitor and report on compliance risk to executive management
• Ability to assess compliance with all applicable laws, rules and regulations regarding the Company’s products and services.
• Maintain a professional and credible profile with senior stakeholders in the Group, providing the central point of contact for compliance matters
• Supervise the compliance resources of the Group to ensure appropriate controls are in place at any given time
• Oversee and manage the compliance relationship with business partners and support audit requirements of the Group
• Implement and drive compliance change

QUALIFICATIONS AND REQUIREMENTS

• Bachelor’s Degree in Business Management or related field
• Minimum 5 years of experience in the insurance or financial services industry in a regulatory or compliance related position
• Experience with monitoring and reporting on data privacy and data security standards
• Solid leadership skills and ability to lead and develop a small team

PREFERRED SKILLS AND QUALIFICATIONS 

• JD desired
• The candidate should have the ability to drive change in culture, maintain integrity at all times, and be able to guide and influence Board thinking
• Proactive approach: this person must be able to engage with a dynamic business to drive and deliver regulatory best practice
• Ability to understand commercial business dynamics and articulate regulatory risks to the business managers for commercial decisions
• Team player with good interpersonal skills
• Ability to work under pressure to tight timelines and without direct supervision.
• Organized and methodical
• Excellent business analytical skills
• Excellent communication skills, both verbal and in writing
• Knowledge of the UK’s insurance regulatory framework - experience of working within the Lloyd’s Insurance sector
• Experience monitoring and reporting on compliance with:
  • GDPR
  • FISMA
  • HIPAA
  • NIST Data Security Framework
  • FCA Handbook
  • Anti-Money Laundering Rules and Regulations
  • Anti-Bribery and Corruptions Rules and Regulations
  • Solvency II
  • Payment Services Directive (Latest Version)
  • SOC II
  • International sanctions screening requirements under OFAC, EU, UN, Bermuda and other major frameworks
• Knowledge and familiarity with global privacy and data security laws
• Previous dealings with the FCA/FSA in respect of insurance.
• An appreciation of the regulatory challenges of trading with brokers and clients based inside and outside the US, EU and UK.

IMG is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, ethnicity, national origin, religion, gender, gender identity or expression, sexual orientation, genetic information, disability, age, veteran status, and other protected statuses as required by applicable law.