Regulatory Compliance Consulting Director - Sanctions - CNA Insurance : Job Details

Regulatory Compliance Consulting Director - Sanctions

CNA Insurance

Job Location : Melville,NY, USA

Posted on : 2025-02-07T10:26:13Z

Job Description :

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.

Manages the Corporate Compliance department's Sanctions Program. Requires and applies senior level knowledge and expertise of regulatory compliance to evaluate the business's ongoing adherence to all applicable sanctions-related laws and regulations. Develops, maintains, or oversees compliance policies and procedures. Coordinates across global business units to develop effective risk mitigation procedures to continuously improve CNA's Sanctions Compliance Program.

JOB DESCRIPTION:

Essential Duties & Responsibilities

  • Manages the Corporate Compliance Sanctions Program – ensuring ongoing compliance with all applicable sanctions-related laws and regulations.
  • Develops, interprets, implements, and administers compliance policies, procedures, and practices to ensure effective risk mitigation across business areas.
  • Promotes and sustains a compliance culture through effective communication and collaboration with senior management, business partners and key stakeholders across business areas and disciplines. Effectively communicates the importance of regulatory compliance and CNA's risk culture.
  • Ensures effective oversight and business unit adherence to sanctions-related policies, procedures, and guidelines.
  • Provides thought leadership and effectively implements ongoing improvements to regulatory compliance processes and controls. Develops and implements a technology roadmap to enhance the Sanction Program's capabilities.
  • Drives business unit efforts to resolve identified internal and/or external compliance issues and assesses the effectiveness of mitigation efforts. Ensures organizational compliance with regulations and regulatory reporting requirements.
  • Oversees and continuously collaborates with business areas to improve due diligence and sanctions screening procedures.
  • Understands the industry and regulatory environment in which CNA operates. Proactively monitors the regulatory environment including compliance developments, trends and challenges for the enterprise and individual business areas.
  • Investigates and resolves complex compliance problems and responds to questions from internal sources and regulatory agencies.
  • Takes a proactive role in delivering valuable services to assigned areas, enhancing operations, proactively identifying risks and compliance gaps and sharing best practices.

    • May perform additional duties as assigned.

    Reporting Relationship

    • Typically AVP or above

    Skills, Knowledge & Abilities

    • Expertise in sanctions compliance
    • Senior level knowledge of regulatory compliance
    • Specific insurance compliance knowledge highly preferred.
    • Ability to achieve results by taking a proactive long-term view of business goals and objectives.
    • Excellent analytical and problem-solving skills, with the ability to effectively plan, direct, and execute multiple projects.
    • Excellent interpersonal, presentation, verbal, and written communication skills, with the ability to effectively interact with internal and external business partners.
    • Ability to exercise professional judgment and assume responsibility for decisions which have an impact on people and quality of service.
    • Strong knowledge of Microsoft Office Suite and other business-related software.

    Education & Experience

    • Bachelor's degree with Master's preferred in a related discipline or equivalent.
    • Typically a minimum of eight years of related work experience.
    • Regulatory sanctions compliance experience supporting underwriting and claim business unit(s) preferred.
    • Law degree or compliance certification preferred.
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