SVP, Compliance Officer

Responsibilities

• Lead the execution and continuous improvement of the Companies' core compliance program including the following:
• Strategic Compliance Leadership
• Act as a senior advisor to the Chief Compliance Officer.
• Support the Chief Compliance Officer in delivering strategic regulatory and compliance guidance.
• Lead and manage teams within the compliance function, setting objectives and expectations for the team.
• Drive execution of compliance priorities across teams.
• Compliance Framework and Program Management:
• Lead the implementation, governance, and continuous improvement of the compliance framework including the Company's Policies and Standards.
• Oversee periodic compliance monitoring and testing.
• Ensure the organization's operations comply with federal, state, and industry-specific regulations.
• Review, conduct gap analysis and implement compliance policies and controls to comply with new regulations.
• Continuously monitor and assess the effectiveness of the compliance program and make necessary adjustments.
• Oversee and support execution of key elements of the corporate compliance program including Cyber, Privacy, Data Security, Data Governance, AI Governance, AML, Fraud, Code of Conduct, third party risk management, etc.
• Contribute to the Companies Governance processes, including board reporting.
• Oversee and manage Compliance technology systems and operations (i.e., Regulatory Filings, Policy Framework, etc.)
• Crisis Management and Incident Response
• Lead and execute the crisis management strategy defined by the CCO.
• Oversee the legal and compliance function in all crisis management and incident response activities, ensuring swift, compliant, and coordinated actions across the organization.
• Partner with regulators and support regulatory interactions, providing legal/regulatory guidance during crises including guidance on regulatory, reputational, and contractual implications.
• Oversee incident response governance, including investigation standards and escalation protocols, and ensuring robust investigation and reporting frameworks are in place.
• Collaborate with executive leadership, communications, and risk teams to develop and execute response strategies that minimize legal exposure and reputational damage.
• Regulatory Examinations, Monitoring and Reporting: Stay informed about changes in regulatory requirements an

Additional Information

Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world's leading providers of legacy reinsurance solutions. They work with the world's leading insurance companies to help them execute comprehensive, transformational solutions for legacy Life & Annuity and P&C lines. Fortitude Re manages a general account of approximately $111 billion across life, annuity, and property & casualty insurance products. The company takes a long-term view on growth and is proud to be backed by a consortium of sophisticated institutional investors led by The Carlyle Group and T&D Insurance Group. Incorporated under the laws of Bermuda on January 1, 2017, Fortitude Re's roots in the insurance industry and the experience of their leadership go back many decades. Fortitude Re's leadership team has an average industry tenure of over 20 years, and an impressive track record of successfully managing the most complex legacy liabilities. Their deep insurance experience and proprietary risk modeling capabilities allow them to structure bespoke transactions that benefit both insurance companies and their policyholders. Fortitude Re continues to strengthen its ability to pursue further growth and provide innovative solutions for the global insurance industry. Click here for more information about Fortitude Re. The Senior Vice President, Compliance Officer is a senior leadership role responsible for providing regulatory guidance in addition to leading key components of the compliance function for Fortitude Re. This includes ensuring adherence to applicable laws and regulations, developing and implementing compliance policies, and leading a team of compliance professionals. This will be a unique role where the SVP, Compliance Officer will lead the execution and operationalization of the enterprise compliance framework and be responsible for overseeing the day-to-day activities of the broader compliance team. The SVP, Compliance Officer works closely with senior management, regulatory bodies, and other stakeholders to maintain a robust compliance framework and mitigate compliance risks. This position will report directly to the Managing Director, Chief Compliance Officer and operates with significant autonomy in executing compliance strategy.

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