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Division or Field Office:
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Law Division
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| Department of Position: |
Corporate Compliance Dept |
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Work from:
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Home Office, Erie PA |
| Salary Range: |
95,478.00 - 152,516.00 *
salary range is for this level and may vary based on actual level of role hired for
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*This range represents a national range and the actual salary will depend on several factors including the scope and complexity of the role and the skills, education, training, credentials, location, and experience of an applicant, as well as level of role for which the successful candidate is hired. Position may be eligible for an annual bonus payment.
At Erie Insurance, you’re not just part of a Fortune 500 company; you’re also a valued member of a diverse and inclusive team that includes more than 6,000 employees and over 13,000 independent agencies. Our Employees work in the Home Office complex located in Erie, PA, and in our Field Offices that span 12 states and the District of Columbia.
Benefits That Go Beyond The Basics
We strive to be Above all in Service® to our customers—and to our employees. That’s why Erie Insurance offers you an exceptional benefits package, including:
- Premier health, prescription, dental, and vision benefits for you and your dependents. Coverage begins your first day of work.
- Low contributions to medical and prescription premiums. We currently pay up to 97% of employees’ monthly premium costs.
- Pension. We are one of only 13 Fortune 500 companies to offer a traditional pension plan. Full-time employees are vested after five years of service.
- 401(k) with up to 4% contribution match. The 401(k) is offered in addition to the pension.
- Paid time off. Paid vacation, personal days, sick days, bereavement days and parental leave.
- Career development. Including a tuition reimbursement program for higher education and industry designations.
Additional benefits that include company-paid basic life insurance; short-and long-term disability insurance; orthodontic coverage for children and adults; adoption assistance; fertility and infertility coverage; well-being programs; paid volunteer hours for service to your community; and dollar-for-dollar matching of your charitable gifts each year.
Position Summary
This position is responsible to monitor, assess and work with management to mitigate the organization’s overall compliance risk exposures and changes to those exposures on an ongoing basis to provide assurance of compliance with applicable regulations and internal policies.
- The successful candidate will work from the Home Office, Erie PA
Duties and Responsibilities
- Conducts risk assessments to evaluate and analyze ERIE’s operations to determine potential liabilities or risks due to non-compliance. Partners with first line of defense management and other risk assurance teams to proactively identify, assess, report, recommend and monitor mitigation, and recommend prioritization of compliance and ethics risk exposures in the context of philosophy statements, appetite statements, and tolerances.
- Works to establish, implement and monitor processes necessary to ensure compliance with applicable regulations and internal policies.
- Performs tests of compliance and evaluates controls related to compliance risk exposures.
- Collaborates with and provides guidance to business areas on the development of risk-specific mitigation plans.
- With minimal guidance, prepares recommendations and leads initiatives to enhance the Compliance Program which could include consistent identification, assessment, mitigation, reporting, and monitoring of risks related to business processes, people, and technology.
- Develops, maintains, and enhances compliance tools to conduct and monitor risk assessments.
- Assists in the development and preparation of reports, metrics and communications to various corporate stakeholders including business process leaders, senior leaders, executive leaders, and the Audit Committee of the Board of Directors to convey the outcomes of compliance related risk assessments.
- Supports requests from internal partners for compliance risk assessments information and total cost of risk.
- With minimal guidance, prepares recommendations and leads highly complex initiatives for the Compliance program that seeks to improve compliance risk management effectiveness through coordination, collaboration, and automation that are aligned with other risk assurance functions.
- Works with members of Compliance to identify state requirements, NAIC market regulation standards and industry findings related to regulatory compliance risks.
- Serves as an expert resource and works with others in Compliance to serve as the primary advisor for compliance risk management matters of the highest complexity.
- Maintains a thorough understanding of ERIE's business practices and operations.
This position description in no way states or implies that these are the only duties to be performed by the incumbent. Employees are required to follow any other job-related instruction and to perform any other duties as requested by their supervisor, or as become clear.
Capabilities
- Customer Focus
- Nimble Learning
- Values Diversity
- Collaborates
- Cultivates Innovation
- Decision Quality
- Ensures Accountability
- Instills Trust
- Optimizes Work Processes
- Self-Development
Qualifications
Minimum Educational and Experience Requirements
- Bachelor's degree in a business-related discipline, and seven years’ experience in insurance, risk management, or related business analysis experience required; or
- Associates degree in a business-related discipline, and nine years’ experience in insurance, risk management, or related business analysis experience required; or
- High school diploma and eleven years’ experience in insurance, risk management, or related business analysis experience required.
Additional Experience
- Knowledge of compliance risk preferred.
- Working knowledge of risk assessments required.
- Working knowledge of regulatory processes preferred.
- Proficiency with Microsoft (Excel, Word, Outlook) required.
- Familiarity with database software and SharePoint preferred.
- Occasional overnight travel required.
Designations and/or Licenses
- Completion of relevant designations or training, such as
- Certificate of Compliance and Ethics Professional Program (CCEP),
- Associate in Insurance Regulation and Compliance (ARC),
- Associate in Risk Management (ARM), or
- Certified Risk Manager (CRM) preferred.
Physical Requirements
- Climbing/accessing heights; Rarely
- Driving; Occasional (<20%)
- Lifting/Moving 0-20 lbs; Occasional (<20%)
- Lifting/Moving 20-50 lbs; Occasional (<20%)
- Ability to move over 50 lbs using lifting aide equipment; Rarely
- Manual Keying/Data Entry/inputting information/computer use; Frequent (50-80%)
