PPI company overview:
Shaping Dreams Into Legacies
PPI elevates independent financial advisors to the next level.
Supporting advisors with market leading expertise and technology, we empower them to build the best solutions for their clients through proprietary tools, a comprehensive product suite, unparalleled life insurer relationships and competitive compensation. A tireless supporter and advocate for Canada’s insurance advisors, PPI offers national resources through a network of local offices from coast to coast.
Unparalleled resources. At your command.
Our business culture is guided by our core values, grounded in a powerful belief in the enhanced value of life insurance. We are also strong advocates for the essential value of insurance advisors to further the goals of their clients. For PPI, this means doing everything in our power to open new markets for advisors and enable their practices to prosper and thrive.
For more information about PPI visit ppi.ca.
Assistant Vice-President, Compliance
At PPI we believe advisors and staff must meet high standards of conduct, ethics, and integrity and put consumers’ interests first ensuring the public interest is well-served.
The Assistant Vice-President, Compliance is a critical forward-looking leadership role that requires strong collaboration across business areas of PPI to develop, implement, monitor and maintain all regulatory policies, procedures and processes for a successful enterprise wide compliance program.
In order to support our advisors, their teams and our staff, the successful incumbent will bring technical and practical experience in the conduct and business practice programs for employees and insurance advisors, directly and indirectly contracted with PPI, for both life and wealth business and will develop Advisor education programs that will elevate their practice with relevant tools, policies and processes that stay current as the insurance and investment industry evolves.
What you will do:
Proactively develop educational material to aid employees and contracted Insurance Agents in the awareness and understanding of best practices related to legal and regulatory requirements, policies and procedures.
Develop, maintain, promote and regularly conduct business practice review of procedures and policies which define and conform to the ethical and regulatory compliance requirements of the insurance industry and relevant industry organizations, including privacy and AML, when applicable.
Develop and maintain a comprehensive privacy program that minimizes risk and ensures the confidentiality of all forms of protected health information (PHI).
Work collaboratively, across the organization, to ensure that PPI has a well defined, documented and tested Business Continuity Plan that is reviewed and updated annually.
Ensure corporate actions conform with legal and regulatory requirements through participation in the review of sales and marketing communications prior to circulation.
Identify areas of vulnerability relative to prevailing regulations and develop review mechanisms to guard against these key risks.
Investigate complaints and alleged violations, provide recommended course of action and implement corrective measures to address the violation and to prevent future occurrences of the violation.
Respond to legal inquiries from governing boards or other regulatory authorities.
Review compliance standards and processes of third party service providers.
Participate in projects pertaining to risk management, compliance and privacy standards.
Responsible for the preparation of regulatory filings and maintenance of individual/firm registration.
Maintain technical expertise in regulatory operations and requirements, acting as a source of regulator knowledge, insight and best practices.
Coach, mentor and provide ongoing development to direct reports through needs assessments, on-the-job feedback and training that creates a culture focused on advisor education, compliance best practices and service excellence.
Foster and promote an environment of teamwork to ensure collaboration across all areas of the organization.
Actively participate in industry compliance committees – ex. CAILBA, APEXA, Insurance Councils acting as a strong advocate on behalf of PPI needs
Develop strong trust-based relationships with our product providers and leverage, where appropriate, their education programs, compliance questionnaires, policy and procedures, etc.
Work with human resources to create awareness programs for employees; and sales and marketing for similar programs for contracted agents.
Consult with human resources prior to the determination of any consequence for employee behaviour which is determined to be in violation of the compliance standards.
Who you are:
You are an experienced, collaborative leader committed to maintaining the highest standards of conduct, ethics and integrity.
Your peers recognize you as an excellent communicator, negotiator and mediator with superior influencing skills. A critical thinker, your expert knowledge of regulatory requirements, laws and federal legislations in all provinces (including PIPEDA, Anti-Money Laundering and Anti-Terrorist Financing) and your strong attention to detail, inform your problem solving and decision making processes.
Your exemplary organization and time management skills and proven ability to organize yourself and others allow you to handle high volumes of work while meeting tight deadlines.
What we are looking for:
University degree in a related discipline required, LLB preferred
Minimum of ten years combined experience in the insurance industry and within a regulatory compliance role required
Financial services courses/accreditation - LLQP, IFIC, CSC, CFP, CLU etc.
Excellent aptitude for legal research
Excellent communication skills, both oral and written, with experience in policy and procedure writing
Ability to handle sensitive and confidential information in a professional manner
Bilingualism in English and French is highly desirable
Travel as required
We thank all candidates for their interest in this position, however only those who are selected for an interview will be contacted.