Global Chief Compliance Officer

Job Title: Chief Compliance Officer (CCO)

Location: Raleigh-Durham-Chapel Hill

Reports to: Chief Legal Officer

Salary: $200,000-225,000/yr plus bonus

About Us:

Our client is a rapidly growing provider of life insurance and annuities, committed to offering innovative financial solutions to our diverse global customer base. In expanding their footprint and enhancing their services, they are seeking an experienced and strategic Chief Compliance Officer (CCO) to join the leadership team and drive the development and implementation of a comprehensive compliance program. This is a senior executive role requiring expertise in regulatory compliance, risk management, and global financial markets.

Position Overview:

As the Global Chief Compliance Officer (CCO), you will oversee the entire compliance framework for the firm on a global scale, including business lines in Bermuda and the Cayman Islands. Your primary responsibility will be to ensure the company's operations comply with all applicable laws, regulations, and industry standards across the life insurance and annuities sector. You will provide leadership, guidance, and strategic direction to the compliance function, manage global compliance risks, and work closely with senior leadership, regulators, and legal teams to maintain the highest standards of integrity, transparency, and ethical business practices.

Key Responsibilities:

1. Global Compliance Strategy:

• Develop, implement, and manage a global compliance strategy aligned with the firm's mission, business objectives, and industry best practices.
• Ensure comprehensive understanding of regulatory frameworks across different geographies, including the U.S., EU, and emerging markets.
• Regularly assess and adapt compliance processes in response to changes in global regulations, market trends, and emerging risks.

1. Regulatory Affairs & Risk Management:

• Stay informed of evolving regulations, laws, and industry standards, including life insurance, annuities, anti-money laundering (AML), data privacy, and securities regulations.
• Lead the company's response to regulatory changes, ensuring all necessary policies, procedures, and systems are updated in a timely manner.
• Conduct risk assessments to identify compliance vulnerabilities and develop strategies to mitigate such risks.

1. Compliance Oversight & Governance:

• Establish and maintain a robust internal control framework to monitor and enforce compliance across all global business operations.
• Ensure effective compliance monitoring, audits, and investigations to identify and address potential violations of internal policies or regulatory standards.
• Chair the global compliance committee and report to the Board of Directors, senior executives, and regulatory bodies on the status of compliance issues and initiatives.

1. Leadership & Team Development:

• Lead and mentor the global compliance team, fostering a culture of accountability, collaboration, and continuous improvement.
• Collaborate with business units and senior leadership to promote a company-wide culture of compliance and ethics.
• Develop and conduct regular training programs to ensure all employees are well-versed in compliance policies and best practices.

1. External Relationships:

• Serve as the primary point of contact with regulatory bodies, ensuring effective communication and cooperation on compliance matters.
• Lead interactions with external auditors, legal advisors, and consultants to manage compliance reviews, investigations, and audits.
• Represent the firm in industry forums and conferences on compliance and regulatory issues.

Qualifications & Requirements:

• Education & Certifications:
• Bachelor's degree in Law, Finance, Business, or a related field (Master's degree or Juris Doctor preferred).
• Professional certifications such as Certified Regulatory Compliance Manager (CRCM), Certified Compliance and Ethics Professional (CCEP), or equivalent, are a plus.
• Experience:
• Minimum of 10-15 years of progressive experience in a compliance leadership role, preferably within the life insurance, annuities, or financial services industries.
• Extensive experience with global regulatory frameworks and compliance issues, including experience working with U.S. federal and state regulators, European and Asian regulatory bodies, and other global standards.
• Proven track record of managing and leading a global compliance function within a multinational company.
• Skills & Competencies:
• Deep understanding of life insurance and annuity products, financial services regulations, and key compliance areas including AML, data privacy, and risk management.
• Strong analytical skills and the ability to identify and mitigate complex compliance risks.
• Excellent communication, presentation, and interpersonal skills, with the ability to influence and collaborate with stakeholders at all levels.
• Strong leadership and team management capabilities, with experience in leading cross-functional, geographically dispersed teams.
• High level of integrity, ethics, and discretion in dealing with sensitive compliance and regulatory matters.