Risk & Compliance Analyst - Control Testing & Development

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Requirements:

• 5 years proven experience in a risk or compliance role within the insurance industry
• 3 years experience within workers compensation claims
• Strong knowledge of insurance claims regulations, compliance frameworks, and industry best practices
• Demonstrated ability to collaborate on and implement compliance programs and initiatives across multiple areas of compliance
• Excellent analytical and problem-solving skills with the ability to analyze regulatory changes and their impact on the business
• Strong drafting and policy-writing skills, with the ability to create clear, concise, and comprehensive policies, procedures, and training materials
• Experience working collaboratively with cross-functional teams and technology departments to develop and implement automated compliance solutions
• Exceptional communication and interpersonal skills with the ability to effectively communicate complex compliance matters to employees at all levels of the organization
• Detail-oriented with strong organizational skills and the ability to prioritize and manage multiple tasks and deadlines

Responsibilities:

• Take ownership of key risk and compliance functions, ensuring strong control structures and regulatory alignment
• Facilitate risk assessments, document controls, and track remediation efforts to enhance compliance oversight.
• Design, implement, and execute control testing programs to identify weaknesses and drive continuous improvements.
• Draft, review, and update policies, procedures, and training materials to strengthen compliance frameworks and improve operational efficiency.
• Assist with regulatory inquiries, licensing, audits (carrier or regulator-initiated), and compliance-related reporting.
• Stay informed on industry-wide compliance initiatives, regulatory developments, and best practices, ensuring policies align with evolving requirements.
• Collaborate with technology teams to develop automated solutions that enhance risk management and compliance monitoring.
• Strengthen and refine claims-related controls to ensure adherence to industry standards and regulatory expectations.
• Represent Compliance in enterprise-wide projects, fostering internal alignment and promoting operational excellence.
• Oversee complaint-handling procedures to ensure compliance with internal and external regulatory requirements.