Pay Philosophy
The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
Description
Th is is a range posting (Compliance Analyst I/II) and level will be determined by the Hiring Manager based on experience. This position may have some in-office requirements based on candidate location.
Here is your opportunity to join an established compliance department, poised to adapt and grow with a dynamic organization aspiring to be a top 3 global property & casualty company. Join us as we partner with US Retail Markets Product leaders and their teams to fulfill our shared purpose of helping people embrace today and confidently pursue tomorrow.
In this fast-paced environment as a Compliance Analyst, you will be responsible for regulatory change identification and communication to the Product org and engagement with external regulators via complaint investigation and data calls. You will provide expert compliance consultation, superior analysis, and project management support to our business and compliance partners across the organization.
Responsibilities:
- Researches and develops responses to external regulatory requests including complaints, inquiries and/or investigations from Departments of Insurance, Regulatory Agencies, customers and other interested parties.
- Triages and develops impact assessments for regulatory or statutory changes in assigned region. Owns communication of legislative changes and/or direction to impacted stakeholder groups including issuing organizational bulletins and documenting key action items to support ongoing, effective risk mitigation.
- Facilitates Data Calls by identifying and communicating data requirements to ensure timely and accurate responses are provided to regulators - may include direct engagement with regulatory examiners.
- Partners with stakeholders across the organization ? including, but not limited to teams across Product Management, Actuarial, Risk & Economics, Data Science, Finance, and Experience as well as Global Compliance & Ethics ? to provide timely and accurate responses to customers and regulators.
- Shares observed trends in regulatory topics, risk and mitigation strategies with stakeholders and process owners across Product and Compliance stakeholder communities.
- With some manager oversight, takes ownership of low to moderate complexity compliance projects.
- Monitors tasks and timelines, evaluates risks, provides recommendations, defines measures of success, develops and coordinates solutions.
- Attention to detail, with the ability to manage multiple priorities while working in a fast-paced environment.
- Strong planning, organizational, analytical, decision making and communication skills; must be able to effectively summarize and prioritize topics.
- Passion for problem solving.
- Bachelor's degree in a quantitative subject (example: Mathematics, Finance, Economics) or Legal/Political Science/Insurance and experience with quantitative analysis preferred
- Approx. 1-2 years related work experience required
- Knowledge of insurance principles and concepts required
- Advanced analytical/problem solving and research skills
- Effective communication skills for writing reports/proposals and making presentations
At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. That's why we provide an environment focused on openness, inclusion, trust and respect. Here, you'll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession.
Liberty Mutual has proudly been recognized as a "Great Place to Work" by Great Place to Work® US for the past several years. We were also selected as one of the "100 Best Places to Work in IT" on IDG's Insider Pro and Computerworld's 2020 list. For many years running, we have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduates as well as one of America's Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit: https://jobs.libertymutualgroup.com/diversity-inclusion
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.