Address
Form of workJob ID: 7441
Working Business Language: English
At Wawanesa, we're proud to offer a flexible hybrid work environment where our employees may have the flexibility to work from the office, hybrid or remote. You may work from any of the following locations: Alberta, Manitoba, Ontario.
The Wawanesa Mutual Insurance Company, founded in 1896, is one of Canada's largest mutual insurers, with over $4 billion in annual revenue and assets of $12 billion. Wawanesa Mutual, with executive offices in Winnipeg, is the parent company of Wawanesa General, which offers property and casualty insurance in California and Oregon; Wawanesa Life, which provides life insurance products and services throughout Canada; and Western Financial Group, which distributes personal and business insurance across Canada. Wawanesa proudly serves more than two million members in Canada and the United States. Wawanesa actively gives back to organizations that strengthen communities where it operates, donating well above internationally recognized benchmarks for excellence in corporate philanthropy. Learn more at wawanesa.com.
We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.
Job Overview
The Compliance ControlsTesting Specialist role contributes to Wawanesa's second line Enterprise Compliance team. This role works in collaboration with the Director, Compliance Programs & Reporting to perform testing and monitoring of activities supporting Wawanesa's Regulatory Compliance Management (RCM) framework and complying with OSFI's E13 RCM Guideline by maintaining the regulatory risk universe. This role will also be involved in conducting testing of internal controls to assess Wawanesa's compliance with applicable laws, regulations, and regulatory guidelines.
Job Responsibilities
- Assists with the maintenance of the regulatory risk and controls universe and the assessment of regulatory compliance risk based on the RCM framework and Enterprise policies.
- Reviews and research relevant Canadian federal and provincial laws and regulations.
- Assists with the development of test procedures, including developing criteria, questionnaires/surveys, identifying potential evidence, and documentation of processes and procedures.
- Conducts interviews with stakeholders, reviews documents and management information, and prepares working papers.
- Identifies and documents instances of non-compliance and potential regulatory compliance issues and supports compliance reporting processes.
- Assists with the development and communication of recommendations to Management to strengthen internal controls.
- Develops and maintains working relationships with key stakeholders, including with other oversight functions.
- Collaborates with members of the Legal and Governance team to identify, assess, and mitigate regulatory compliance risks.
- Participates in other additional duties, projects, and responsibilities as assigned.
Qualifications
- Minimum 3 years' regulatory compliance, internal audit, or external audit experience performing Control Testing, preferably in a regulated financial institution.
- Post-secondary degree/certificate or an equivalent combination of education and experience in business management, legal, public policy, or information systems.
- Interest in or actively pursuing the CIP designation would be considered an asset.
- A working knowledge of Microsoft Excel is required.
- Experience with governance, risk, and compliance tools such as Ethidex, Archer, MetricStream would be considered an asset.
- Experience with Guidewire and insurance/broker management systems would be an asset.
- Excellent attention to detail, analytical and problem-solving skills, with the ability apply critical thinking to principles-based laws and regulations.
- Exceptional written and oral communication skills, with the ability to communicate at the right level for the audience and present information or arguments in a convincing manner.
- Excellent planning, organizing, and time management skills.
- Ability to work independently as part of a team.
- Excellent attention to detail with the ability to influence key relationships.
- Bilingualism (French and English) would be considered an asset.
#LI-Remote
Wawanesa is proud to be one of Manitoba's Top Employers for 2023 recognizing that we are an exceptional place to work!
Wawanesa provides its employees with a respectful, challenging and rewarding environment where they can maximize their potential while contributing to the company's goals. Our full-time permanent employees are provided with highly competitive compensation packages (salaries, generous vacation allowance, leave top up, annual bonus plan, premium free benefits and a pension plan). Wawanesa provides a stable environment for its employees in today's challenging markets.
Wawanesa is an equal opportunity employer and is committed to fostering a diverse workforce that is equitable and inclusive for all. Wawanesa provides equal employment opportunity to all employees and applicants without regard to an individual's protected status: race/ethnicity, colour, religion, creed, sex or gender, sexual orientation, gender identity or expression, family or marital status, pregnancy/childbirth or related conditions, national origin, disability, military or veteran status, or any other protected status. Accommodations are available upon request throughout all aspects of the selection process. Candidates requiring accommodations may contact, in confidence, jobs@wawanesa.com.
If you are interested in this exciting, challenging position with Wawanesa, apply today with your Resume.
All Wawanesa job applicants are subject to Wawanesa's Privacy Policy.
