Description:

This newly created role, reporting to our Compliance Manager, is responsible for a unique blend of responsibilities supporting the execution excellence of Catholic United Financials' Compliance and Enterprise Risk Management (ERM) programs. This hands-on role will be a critical resource to our organization in all compliance related activities, which include monitoring, researching and corporate compliance activities, as well as playing a key role in the execution of ERM programs such as Business Continuation, Vendor Management, and Security Awareness Training programs.

Do you have compliance experience and feel like you will be ready for a Compliance Manager role in a couple of years, yet your current career path is blocked, or the timing may not work in your favor? Looking for a mission-based organization that truly serves our community? Then this could be your next opportunity!

Catholic United Financial, is a member-owned, not-for-profit financial services company, connecting people of faith, protecting their future, and generously impacting parishes, schools and communities.

Based in Arden Hills, MN, serving Minnesota, Wisconsin, Iowa, North Dakota and South Dakota since 1878, we strive to do what is best for our members and their finances by solving life insurance needs, providing retirement savings options and providing established programs for giving back to their Catholic communities.

Requirements:

What we will ask of you:

In the area of Compliance:

• Monitor state insurance laws, rules, bulletins, and regulations to ensure that Catholic United is compliant in its operation as a fraternal benefit society.
• Maintain all compliance-related policies and procedures.
• Assist reviewing all external marketing materials/advertising before publication to ensure regulatory compliance
• Research and respond to complaints from members, attorneys and state insurance departments about the sale and servicing of Catholic United products.
• Research and respond to product-related compliance issues from Catholic United staff.
• Assist with training on compliance–related issues.
• Coordinate the creation of life insurance and annuity contracts and related forms with Catholic United leadership and consulting actuaries (as needed).
• File life/annuity policy forms with state insurance departments; responds to objections as necessary.
• Responsible for Catholic United's compliance with federal anti-money laundering regulations enforced by the Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN)

In the area of Enterprise Risk:

• Support business leaders in maintaining the ERM program including plan updates, execution, and testing of Disaster Recovery Plans, Business Continuity Plans and Vendor Management Programs.
• Collaborate with business leaders and key personnel to identify, create and/or revise risk appetite statements and risk tolerances and to identify key risks, key risk indicators to monitor, and risk adjustment strategies, as appropriate
• Where possible, quantify business impact and establish criteria and scoring for qualitative judgment of risks
• Maintain, modify and adapt the ERM program as we continue to grow
• Research ERM best practices, staying abreast of those which specifically or broadly impact Catholic United's businesses.?
• Maintain ERM and Vendor Management software and direct staff supporting management of these applications.?
• Manage the relationship with Catholic United's regulators
• Ensure compliance with Catholic United and Affiliates' Board of Directors' ERM policies, and any companion Internal Monitoring Reports.
• Provide regular presentations to the corresponding Board of Directors covering the status of ERM outcomes and related activities.

What we'd like to see in your background and experience:

• Bachelor's degree or equivalent business/work experience
• Five or more years of experience in customer service in the life insurance industry, with additional experience in compliance/legal activity preferred.
• Working knowledge of basic life insurance and annuity concepts and products and exposure to strong Enterprise Risk Management programs is helpful.
• Attainment of (or significant progress toward) FLMI, ACS, and AIRC designations strongly preferred
• Attainment of other industry designations (such as FIC, FICF, and CLU) desirable
• Experience working with Cloud-based platforms/applications, as well as the full Microsoft product suite
• Strong oral and written communications skills
• Experience with business analysis or requirements elicitation, analysis, and solution discovery
• Experience filing insurance products with state insurance departments using SERFF (System for Electronic Rate and Form Filing) a plus.

What you can expect to get from being a member of our family:

• Satisfaction in working in a faith filled organization driven by a strong mission-based desire to give back to our communities and schools
• Full benefits available including medical, dental, vision, life, and you can even insure your pet
• Competitive pay with work-life balance
• Every Friday our official workday ends at 12:30 - yes, a long weekend every weekend!
• A generous PTO and paid holiday package and a strong retirement program
• The stability of a non-profit organization that has been around since 1878, poised for growth
• Opportunity for advancement
• Everyone here makes a difference, every day

To learn more, visit www.catholicunitedfinancial.org/careers

PI208172272