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Compliance Manager, Third Party Distribution

Sun Life Financial

This is a Contract position in Toronto, ON posted August 6, 2017.

About the Business:
The Individual Insurance and Wealth (II&W) compliance team strives to enhance compliance oversight and improve processes through increased dialogue with the business, formalized processes, improved communication and on-going verification. We partner with others to instill a strong compliance culture with a focus on fair treatment of clients.
About the Role:
The Third Party Distribution Compliance Manager is responsible for analysis and monitoring of distribution partners’ (e.g. Managing General Agencies and National Account firms) market conduct and compliance regimes across Canada.
Responsibilities:

  • Pre-contract due diligence and on-going Market Conduct Reviews of distribution partners to assess their compliance regimes in place to carry out their responsibilities for the distribution of life, health, and wealth products
  • Consultation with Contracting & Licensing on third party firm and advisor contracting inquiries
  • Daily review of the Compliance In-box (Qualbus) to respond to inquiries
  • Follow up on outstanding market conduct review findings
  • Compliance presentations and consulting for distribution partners
  • Quarterly Reporting on the results of the third party distribution compliance program
  • Build and maintain relationships/partnerships with Sun Life third party distribution teams and third party firms’ Compliance Officers

Qualifications:

  • University Degree
  • 3-5 years of experience in Compliance
  • Audit knowledge/experience
  • Sales Force experience
  • Successful completion of LLQP
  • Knowledge and experience with industry compliance regulations, standards and practices
  • Knowledge of insurance laws and regulations, and the ability to apply these in practical situations
  • Good working knowledge of industry distribution systems and independent sales channels
  • Knowledge of life/health/wealth product lines

Preferred skills:

  • Exceptional interpersonal and communication skills and ability to negotiate at all levels of the organization
  • Excellent presentation skills
  • Strong organizational skills
  • High degree of integrity and ethics
  • Frequent travel across Canada
  • Valid Driver’s license
  • Bilingualism -English and French (written and spoken) an asset

*LI-BY1