REGULATORY COMPLIANCE ANALYST

The Regulatory Compliance Analyst identifies, researches, analyzes and summarizes new and updated legal- or compliance-related statutory and regulatory requirements for inclusion in Wolters Kluwer banking, insurance and securities products.

The Regulatory Compliance Analyst effectively translates complex regulations into product solutions by authoring legal/compliance content, creating product content design requirements, writing business rules and summaries, and educating internal and external customers on legal/compliance requirements and their implications.

The Regulatory Compliance Analyst assesses compliance and business risk, designs risk mitigation options for Wolters Kluwer and our customers, provides regulatory compliance consulting to support software implementation, consults with customers on business and industry needs, and identifies and recommends product enhancements and new business opportunities.

GENERAL DUTIES AND RESPONSIBILITIES 

• Demonstrate basic knowledge of banking, insurance or securities products relevant to Wolters Kluwer banking, insurance or securities products including legal and compliance knowledge, financial transactions expertise and industry best practices, and apply this knowledge for continuous improvement of WK products in the areas of content quality, product enhancements and operational efficiencies
• Demonstrate basic business-level understanding of software architecture concepts and comfort with software development, including topics such as database architecture, XML based authoring, business rules, and application interfaces
• Under the guidance of a Level III or IV analyst, track, review and analyze basic regulatory/statutory changes and determine impact to WK product content
• Monitor external websites and publications for legal/compliance and industry changes
• Under the guidance of a Level III or IV analyst, draft customer communications (., release notes, alerts, etc.)
• Develop and maintain effective relationships with internal and external customers
• Respond to basic compliance and product related inquiries from internal and external customers with priority and excellence
• Develop and maintain basic compliance knowledge and stay abreast of regulatory changes through self-study, continuing education classes and attending industry webinars and conferences
• Recommend operating efficiencies for internal processes

OTHER DUTIES AND RESPONSIBILITIES  

• Provide quality work product, on-time (within project scope, schedule and budget) and without defects. Immediately report any impediments that put a deadline at risk
• Demonstrate an ability to work collaboratively with Wolters Kluwer departments
• Demonstrate an ability to manage administrative requirements, including timely submission of time sheets/billings, and adhere to CCOE deadlines
• Uphold professionalism, professional responsibilities and Wolters Kluwer core values & CCOE guiding principles
• Perform other duties as requested

REQUIRED SKILLS 

• Basic understanding of business strategy to help achieve the business objectives and goals
• Demonstrated basic research ability
• Demonstrated analytical, reasoning and problem-solving skills
• Demonstrated organizational skills
  • Organize and plan to maximize productivity and to promptly achieve results
  • Work on multiple project or tasks and budget time appropriately
  • Prioritize and apply appropriate judgment to daily tasks
• Demonstrated verbal and written communication skills
  • Summarize legal/compliance issues for legal or non-legal audiences
• Ability to work independently and in a team environment, including self-organizing teams
• Proficiency with Word, Excel, and other MS Office products, as well as other software products and tools

 ADDITIONAL KNOWLEDGE/SKILLS/ABILITIES/CERTIFICATIONS FOR INSURANCE 

• Working knowledge of or experience with operational compliance related issues for insurance companies in one or more of the following areas: claims, product filing, policy/contract provisions, market conduct, cancellation & nonrenewal, risks and controls

EDUCATION 

• Minimum: Bachelor’s degree in Business or related field or equivalent job-related experience
• Preferred: Legal education/JD and/or industry professional certification(s)

EXPERIENCE 

• 1-2 years of experience in banking, securities, financial services, or insurance industry (legal/compliance, insurance company functional areas) preferred
• Relevant business acumen or business-to-business experience desired