Director of Operational Compliance

Feel Good About Doing Good

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The Knights of Columbus is a tax-exempt Catholic fraternal benefit society that provides financial security to members and their families through our life insurance, long-term care insurance, disability income insurance, investment and annuity products. Charity is at the core of our missions: our profits are donated to help those in need and to support our faith - $1.73B over the past ten years.

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While we have many employees who are not Catholic, we follow the Church’s teachings in our investment strategies and our employee benefits. As part of our religious mission, we support the pro-life cause by contributing to the March for Life and pregnancy resource centers, we oppose assisted suicide and euthanasia, we are evangelists for the Catholic faith, and we help Christians who are facing religious persecution in the Middle East. We all work together to support our two million members as they volunteer to help others in their parishes and communities around the world.

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Share Your Talent. Live Your Purpose.

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We are a growing and purpose-driven community of professionals. Join us to discover how you can meet your goals and ours!

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Overview

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The Director, Operational Compliance will provide subject matter expertise on a variety of compliance-related topics. Supports all aspects of the Order’s compliance program. Under the supervision of department leadership, the Director, Operational Compliance manages, monitors, and supports the daily activities for the anti-money laundering (AML) program and anti-fraud program. Serves as SIU Coordinator as designated by the Chief Compliance Officer with all the responsibilities of that position as set forth in the KofC anti-fraud plan. Partners with internal departments to ensure proper sanctions enforcement, including AML reviews of large cases and other related programs. Identifies compliance-related risks and helps lead meetings and projects designed to mitigate those risks. Oversees the complaint-handling program to ensure timely and quality responses are sent to the insurance departments and clients.

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Specific efforts will be directed to ensure the organization’s business activities are in line with applicable company policies, laws, and regulations. He/She will be expected to interact closely with the management team at all levels throughout the organization including, but not limited to, Field Management, New Business, Certificate Services, Claims, Human Resources, Internal Audit, Risk Management, Communications, and Information Technology.

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Core Responsibilities

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•  Leads, manages, and supports all Operational Compliance activities, with a particular focus on operational and sales activities, and provides support and guidance to Compliance department leadership and other senior business executives as requested or as may be helpful or appropriate. 
•  Serves as a subject matter expert on Operational Compliance matters, responding to inquiries from home office staff, executives, agents, council leaders, and regulators. 
•  Manages the AML and anti-fraud programs for the Knights of Columbus and certain organizational affiliates. 
•  Serves as SIU Coordinator as designated by the Chief Compliance Officer. 
•  Leads risk assessments and testing of AML, anti-fraud, sanctions enforcement, AML reviews of large cases, and other related compliance programs. Reports findings of exposure and/or unexpected risk to appropriate management. Provides risk analysis and recommendations for further action. 
•  Assists, leads, or manages third parties in investigations (as assigned) aimed at the prevention, detection and mitigation of money laundering, fraud, improper sales practices, and other regulatory risks to KofC. Develops and prepares reports covering all phases of investigations. Conducts research on unique or unidentified exposures or any other subject requiring similar analysis. 
•  Oversees team members in their daily activities handling complaints and performing AML activities. 
•  Designs and ensures that appropriate AML and anti-fraud compliance training is provided as required. Also assists in the development and delivery of compliance training and communications given to agents. 
•  Collaborates with business units on their policies and procedures, recommending changes as appropriate. Partners with the Regulatory Compliance and Quality Assurance team in implementing procedures designed to comply with directives relating to legal or regulatory requirements. 
•  Assist DCCO as requested with Enhanced Due Diligence and OFAC sanctions screening in support of the organization’s international charitable grant activity. 

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Skills Qualifications

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•  Must possess a minimum of 7-10 years of experience in insurance and/or Compliance or equivalent combination of training and experience. 
•  Must possess broad technical insurance knowledge, including knowledge of insurance and annuity industry regulations and practices 
•  Must have a demonstrated ability to provide compliance guidance to business partners in support of their various initiatives, including on the development of and revisions to their policies and procedures. 
•  Must possess strong interpersonal and relationship-building skills and a demonstrated record of building effective working relationships at all organizational levels 

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Education 

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•  The successful candidate should hold the following active designations/certifications, or successfully obtain them within 1-year of hire, and maintain them at all times through available Continuing Professional Education (CPE) courses and/or recertification process:
•  CFE (Certified Fraud Examiner) 
•  CAMS (Certified Anti-Money Laundering Specialist) 
•  Insurance designations (e.g., FLMI, CLU, ACS) a plus 

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Compensation

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The wage range for this role takes into account a broad array of factors that are considered in making compensation decisions, including but not limited to: skill sets; experience and training; licensure and certifications; and other business and organizational needs. The range below applies as long as the work is performed in Connecticut; the Knights of Columbus reserves the right to adjust the wage range if the position is performed in another location. At the Knights of Columbus, it is not typical for an individual to be hired at or near the top of the range for their role, and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $126,100 - 220,500.

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Authorization To Work In The United States Is Required

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This position is not eligible for visa sponsorship

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Physical Demands

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Must be able to remain in a stationary position for a majority of the workday.

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KofC Cares

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Our mission is focused on family and faith, and we support our employees in seeking a balanced life.

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Employee benefits include:

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Time Away: 13 paid holidays per year in addition to vacation and paid sick leave, and flexible workweek schedules.

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Professional Development: Certifications, designation, and tuition reimbursement.

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Retirement Benefits: 401(k) retirement savings plan with matching company contributions, and cash balance retirement plans fully funded by the company.

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Health and Wellness:

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• Short-term disability and term life insurance fully paid for by the company;
• Up to 12 weeks of childbirth leave under STD policy. 
• One week of fully paid parental leave for all new parents, including adoptive and foster parents. 
• A variety of health insurance options, including premium-level family coverage and a pre-tax Health Savings Account with employer contributions. The Order's health plans do not cover abortion, sterilization, or contraception, and the Order has helped advocate for other employers who do not want to provide coverage. 
• Long-term disability insurance;
• Dental insurance;
• Vision insurance;
• Health club membership reimbursement;
• Employee Assistance Program