Description:
In this role, the Compliance Consultant will be responsible for ensuring AI governance and compliance across our US Insurance business lines. The Consultant will leverage their expertise in regulatory compliance to guide strategic initiatives, manage cross-functional committees, provide privacy support to the business, and oversee Board Reporting. This position offers a unique opportunity for career advancement in a supportive, inclusive environment.
Position Responsibilities
US Insurance Compliance, Artificial Intelligence Compliance Lead:
- Act as the subject matter expert in AI compliance, focusing on regulatory risk and governance to guide the US Insurance business lines.
- Stay updated on regulatory AI requirements and participate in industry discussions to influence compliance standards.
- Provide clear guidance on interpreting and adhering to AI compliance requirements across business lines.
- Lead the US Cross-Functional Regulatory Review Committee to evaluate AI initiatives and ensure proper governance.
- Collaborate closely with AI and Legal teams to maintain alignment with evolving regulations and governance frameworks.
- Handle all AI-related regulatory inquiries and manage state reporting to ensure compliance
Life Insurance, Privacy Coordinator
- Serve as the dedicated Privacy Coordinator for the Life Insurance business
- Oversee Privacy Coordinator responsibilities to ensure compliance with privacy regulations.
- Support new business initiatives by communicating[,] privacy, and AI risks effectively.
- Collaborate with business stakeholders to ensure adherence to regulatory requirements and develop methods for objective compliance assessment and challenge.
Board Reporting Oversight
- Manage and enhance the Board Reporting Program for the Life Insurance Business to ensure comprehensive oversight.
- Establish a continuous process for gathering compliance updates from stakeholders.
- Review and critically assess stakeholder updates to ensure accuracy and completeness.
- Prepare quarterly compliance reports for the US Insurance CCO, highlighting key issues for the Global Chief Compliance Officer and John Hancock Audit Committee.
Required Qualifications
- Expertise with regulatory compliance, with a focus on AI governance and risk management, and the ability to develop and implement regulatory frameworks.
- Strong project management skills for managing cross-functional committees and strategic initiatives.
- Excellent communication and relationship-building skills for interacting effectively with industry associations, internal teams, and stakeholders at all levels.
- Analytical skills to objectively assess compliance issues, ensure accuracy in reporting, and collaborate with business unit stakeholders for regulatory adherence.
- Advanced proficiency in Microsoft Word, Excel, and PowerPoint, with strong attention to detail for creating well-formatted documents, detailed spreadsheets, and engaging presentations.
- Ability to work independently and collaboratively, managing multiple objectives in a fast-evolving regulatory landscape
- Strong familiarity and knowledge of US Privacy laws and AI regulatory requirements.