Compliance Officer

Role Responsibilities

Reporting to the Manager of Compliance, the Compliance Officer conducts regulatory compliance activities to support market conduct oversight within Alberta's insurance industry. The Compliance Officer investigates complaints and insurer practices, conducts examinations and compliance reviews, supports consumer protection initiatives, and provides technical advice regarding insurance legislation and regulatory requirements. With the implementation of the Care-First automobile insurance framework, the Compliance Officer supports new and expanded regulatory oversight activities related to insurer claims-handling practices, consumer support, Medical Assessment processes, and compliance monitoring. The position contributes to identifying emerging risks, market trends, and systemic issues affecting Alberta consumers while promoting the fair treatment of customers and compliance with insurance legislation and regulatory expectations. 

• Conduct insurer market conduct reviews and examinations to assess compliance with legislative and regulatory requirements, including those arising from the Care-First automobile insurance framework.
• Identify trends, patterns, and potential systemic issues arising from complaints, examinations, and stakeholder interactions.
• Escalate significant compliance concerns, emerging risks, and market conduct issues to management with supporting analysis and recommendations.
• Investigate and respond to consumer inquiries, complaints, and escalated insurance concerns.
• Ensure consistent application of regulatory requirements and fair treatment of customers principles.
• Support responses to complex and sensitive inquiries involving insurers, consumers, industry associations, and government stakeholders.
• Monitoring insurer compliance with Care-First regulatory requirements. Participating in reviews of insurer claims handling, injury management, and consumer support practices.
• Contributing to the development of recommendations to improve regulatory effectiveness and consumer outcomes.
• Support administration  of Medical Assessment-related activities. Assist in identifying operational issues, trends, and risks affecting Medical Assessment processes.
• Contemporary insurance regulation and administration. Provide advice and recommendations to the Manager of Compliance, the Director, Market Conduct and Consumer Support and the Deputy Superintendent on insurance issues.
• Prepare Superintendent Bulletins/Notices to insurance industry and other stakeholders.
• Participate in cross-government and national committees. Provide advice and background regarding insurance issues to stakeholders in writing or by presentation as required.

Please click on this link to view the job description for this position.

APS Competencies

Competencies are behaviors that are essential to reach our goals in serving Albertans. We encourage you to have an in depth understanding of the competencies that are required for this opportunity and to be prepared to demonstrate them during the recruitment process.

Systems Thinking - Considers and plans for how current policies, processes and methods might be affected in the short, medium, and long-term by broader trends.

Creative Problem Solving- Identifies several analytical techniques and sources of knowledge to break apart complex problems.

Drive for Results - Forecasts potential challenges with the project implementation and negotiates major issues in advance.

Agility- Creates opportunities for improvement, recognizing the importance of timing and being prepared to take action when appropriate.

This link will assist you with understanding competencies.

Qualifications

A university graduation in a related field and a minimum 4 year progressively responsible related experience in financial services, Insurance Industry or Financial Regulatory required. In-depth knowledge and experience in insurance is preferred.

Equivalency:

• 1 year of education for 1 year of experience;
• 1 year of experience for 1 year of education.
  
  

The following would be considered an asset:

• Experience conducting investigations or regulatory examinations.
• Knowledge of, and experience in, the insurance industry including property and casualty and/or life insurance or experience with an insurance regulator.
• A professional insurance designation such as Chartered Insurance Professional (CIP), Fellow Chartered Insurance Professional (FCIP), Canadian Risk Management (CRM), Chartered Life Underwriter (CLU), or Fellow, Life Management Institute (FLMI); a CPA designation; or a law degree.
• Working knowledge of the Care First automobile insurance framework and associated consumer processes, and familiarity with the Alberta Standard Automobile Policy Forms and related insurance products.
• Understanding of privacy legislation (ATIA, PIPA, PIPEDA, HIA).
• Knowledge of insurance regulatory frameworks and compliance processes.
• In this role you must be able to multi-task and cope with a large volume of work in a busy office environment.  You should also have strong analytical and problem-solving skills and the ability to prioritize and make appropriate decisions

Directly related education or experience may be considered on the basis of 1 year of education for 1 year of experience, or 1 year of experience for 1 year of education. For example, a related two-year diploma combined with additional years of related experience will be considered.

A cover letter outlining how your experience relates to the qualifications and assets listed above is required and will help us to better understand your fit for this role.

Minimum recruitment standards outline the minimum education and experience required for appointment to a job classification.

Notes

Permanent full-time position working 36.25 hours per week, Monday to Friday (In-office). Location is in the Terrace Building, 9515 107 Street NW, in downtown Edmonton

Candidates may be asked to participate in a written assessment.

Candidates with lesser qualifications may be considered at a lower classification and salary. This competition may be used to fill current and future vacancies at equal or lesser classification across the Government of Alberta.

Final candidates will be required to undergo a security screening.

• Final candidates will be required to undergo a criminal records check (CRC).
• Applicants being considered for this position will be required to complete a level 1 Security screening (including an enhanced criminal record check along with a credit check) as part of the pre-employment checks for this position.

Any costs associated with obtaining the required documents/checks as noted or interview travel expenses, will be the responsibility of the candidate. Out-of-province applicants can obtain the required documents/checks from the province they currently reside in. 

What the Government of Alberta has to offer:

• Working for the Alberta Public Service
• Public Service Pension Plan (PSPP)  
• Alberta Public Service Benefit Information
• Professional learning and development
• Research Alberta Public Service Careers tool
• Positive workplace culture and work-life balance.