Job Description
Compliance Auditor
Employment Type
Permanent
Location
Toronto, Ontario
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Job Description:
Join a team that plays a critical role in shaping and maintaining high standards in the insurance industry. As a Compliance Auditor, you’ll gain hands-on experience evaluating both financial and operational practices, ensuring organizations operate with integrity and transparency. This is an opportunity to grow your expertise, work with experienced professionals, and make a meaningful impact on an industry that touches thousands of clients every day. You’ll also benefit from a collaborative environment that values professional development, continuous learning, and career growth.
Responsibilities of the Compliance Auditor is as follows:
Perform preliminary risk assessment of the brokerage selected for audit (the audit subject) based on a review of existing data and established risk factors
Determine relevant areas of potential risk and design and deploy a semi-customized audit through the appropriate selection of existing audit modules
Gather financial records and other operational documents from the brokerage, and request additional information as required
Analyze records and identify areas of concern related to Position Reports, equity shortfalls, trust shortages, continuing education and other matters
Conduct interviews with brokers and other brokerage staff to gather information, discuss areas of concern, suggest improvements, and discuss possible resolutions
Determine appropriate regulatory approach, including, when appropriate, escalating high risk matters to Investigations
Communicate outcomes of all files to the brokerage, both verbally and in writing using available templates
Follow RIBO’s audit service standards and guidelines
Identify emerging industry trends and assist in determining an appropriate course of action
Remain current on the Registered Insurance Brokers Act, By-Laws and Regulations including the Code of Conduct, and other relevant legislation and industry practices
Provide feedback on organizational processes, particularly in CCI and actively participate in process improvement initiatives TMGNY
Job Requirements:
Combination of at least two of the following qualifications:
Accounting designation (CA, CPA, CGA), with 3-5+ years’ experience dealing with brokerage operations and financial records
Bookkeeper with 7-10+ years of experience dealing with brokerage operations and financial records
Licensed broker with experience dealing with brokerage operations and financial records
Experience conducting financial and operational audits for a regulatory body
Experience in P&C insurance Excellent interpersonal and communication skills (written and verbal)
Excellent problem-solving, analytical, time management and organizational skills
Ability to work independently and in a team environment
Ability to maintain confidentiality and exercise professional judgment
Proficiency in Microsoft Office Suite applications
Ability to communicate in French is an asset Apply
