Director of Compliance - LifeShield National Insurance Co.

LifeShield National Insurance Co is seeking an experienced and motivated Director of Compliance to work from our office in Oklahoma City. As a member of our team, you will be primarily responsible for overseeing compliance within the organization, ensuring compliance with laws, regulatory requirements, and our related internal policies, and procedures.

The position will require reviewing standards and monitoring a framework and procedures to ensure that the compliance programs throughout the organization are effective and efficient in identifying, preventing, detecting, and correcting noncompliance with applicable laws and regulations as they evolve.

The Director of Compliance will report directly to the President and inform the Board about important issues and material violations.

Position Competencies:

A successful candidate:

• will be responsible for assisting the organization in effectively and efficiently complying with laws and regulations.
• must possess the ability to identify and research statutory and regulatory requirements that may impact our business and to evaluate and summarize for communication to business units, any impact those will have on our business, and effectively communicate any actions necessary to comply with any such impact.
• must be competent at planning, organizing, and executing the day-to-day operational compliance activities, including complaints, DOI inquiries, state and product filings, licensing, marketing and advertising reviews, and be the liaison for both our legal department, as well as outside counsel.
• must be a champion for compliance and help develop and maintain an effective compliance framework for our growing business team.
• must work with the business teams and our leadership to reasonably and effectively remediate issues identified through both regulatory inquiries, complaints, litigation, and other external inputs, and will proactively develop and help to implement appropriate follow-up procedures to prevent any similar occurrences.
• must be proactive in identifying compliance requirements affecting our organization.
• must possess the skill to write, or supervise the drafting of, the necessary process documentation for the organization to reasonably comply with compliance requirements affecting our business.
• must be competent in performing evaluation and/or testing of the organization's compliance with regulatory requirements, to identify deficiencies and to advise the business teams on reasonable strategies for effective resolution of such deficiencies.
• must be able to develop, maintain, and update an ongoing annual organization-wide compliance and governance risk assessment that provides a compliance report card to the organization's senior leadership and Board.
• must be able to perform his or her role in a manner that balances regulatory requirements, risk mitigation, and business objectives.

Position Requirements:

• Bachelor's degree in a related field
• 3+ years of experience in a role directly managing key aspects of a compliance program in the insurance industry
• 7+ years of experience working in a government, legal, healthcare, managed care and/or health insurance environment in a regulatory or compliance role
• Competent in writing procedures, analytical evaluations, requirement digests and related items
• Experienced in:
  
  
  
  • researching and digesting statutory and regulatory laws, regulations, bulletins, etc.
  • developing and managing teams, major program initiatives, and working with regulatory agencies
  • interfacing with high level management in an insurance organization
  
  
  
  

LifeShield at a Glance:

With approximately $100 million in assets, LNIC and it's two subsidiaries combine for a dynamic and rapidly growing insurer. Affiliated thru common ownership with The Midland Group family of companies, including MidFirst Bank, which specializes in banking and mortgage servicing. This affiliation allows LifeShield to leverage the resources of a much larger organization, while remaining nimble and responsive to opportunities, focusing on life and supplemental accident and health insurance products for individuals, families, businesses, and associations.

AM Best reaffirmed LifeShield's rating of B++. Since 2001, LifeShield National Insurance Co. has held a rating of B++ by AM Best Company, a widely recognized independent insurance industry ratings firm. This is the fifth highest rating possible out of a total of 16. LNIC is headquartered in Oklahoma City, OK and services over 100,000 policyholders.

Bachelors (required)

3 years: Experience in a role directly managing key aspects of a compliance program in the insurance industry. (required)
7 years: Experience working in a government, legal, healthcare, managed care and/or health insurance environment in a regulatory or compliance role. (required)