Specialist, Insurance Compliance
Hybrid-Toronto, ON, Canada
Full Time
OMA Insurance
Mid Level
Are you looking to join one of Greater Toronto’s Top 2025 Employers?
The Ontario Medical Association (OMA) advocates for and supports doctors, seeking to strengthen their leadership role in caring for patients. We continually seek to be the trusted voice in transforming Ontario’s health-care system by courageously pursuing best practices, new ideas, solutions, and opportunities to improve.
OMA Insurance (OMAI) is a wholly owned subsidiary of the OMA, operating as a licenced life insurance agency and property and casualty insurance broker. We provide a wide range of insurance and retirement solutions for physician members.
Job summary
Reporting to the Senior Legal Counsel, OMAI, this position is responsible for maintaining the compliance framework that supports the OMAI’s life and non-life agency operations. This includes developing and implementing policies, monitoring legislative changes and advising on compliance risks, and conducting audits, to ensure that OMAI’s insurance operations remain compliant with applicable laws, regulations, and industry standards.
How you will make a difference
Policy Development and Implementation
Regulatory Monitoring and Risk Assessment
Training and Awareness
Audits
Licensing & Regulatory Filings
Requirements that are important to us
The OMA has moved to a permanent hybrid work environment. As such, the individual in this position will be required to work a minimum number of days in our Toronto office.
What do we have to offer you?
As a condition of employment, OMA conducts background checks and reference checks for all open positions.
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We're excited to share this opportunity, which is for a newly created position on our team. Kindly be advised that our recruitment process does not involve the use of Artificial Intelligence.
The Ontario Medical Association is strongly committed to diversity within its community and welcomes applications from racialized persons/persons of colour, women, Indigenous People of North America, persons with disabilities, LGBTQ2S+ persons, and others who may contribute to the further diversification of ideas. In accordance with the AODA Act, accommodation will be provided throughout the recruitment process to applicants with disabilities.
The Ontario Medical Association (OMA) advocates for and supports doctors, seeking to strengthen their leadership role in caring for patients. We continually seek to be the trusted voice in transforming Ontario’s health-care system by courageously pursuing best practices, new ideas, solutions, and opportunities to improve.
OMA Insurance (OMAI) is a wholly owned subsidiary of the OMA, operating as a licenced life insurance agency and property and casualty insurance broker. We provide a wide range of insurance and retirement solutions for physician members.
Job summary
Reporting to the Senior Legal Counsel, OMAI, this position is responsible for maintaining the compliance framework that supports the OMAI’s life and non-life agency operations. This includes developing and implementing policies, monitoring legislative changes and advising on compliance risks, and conducting audits, to ensure that OMAI’s insurance operations remain compliant with applicable laws, regulations, and industry standards.
How you will make a difference
Policy Development and Implementation
- Working closely with the OMAI senior legal counsel to draft, update, and implement compliance policies and procedures aligned with regulatory requirements and internal risk appetite
Regulatory Monitoring and Risk Assessment
- Monitoring legislative, regulatory, and industry developments
- Regularly reviewing business operations and systems to identify potential risks and ensure compliance with policies and regulations; working with internal teams and management to implement changes
- Conducting compliance risk assessments for new and ongoing initiatives
- Collaborating with OMA Enterprise Risk Management to document and update risks and business continuity protocols
Training and Awareness
- Educating employees on compliance requirements, policies, and procedures through training programs and awareness campaigns
Audits
- Conducting internal audits of sales, service, and operations teams and recommends coaching or training when needed, to applicable manager, report findings to Senior Management
Licensing & Regulatory Filings
- Supporting the Licensed Officer in maintaining OMAI’s licensing status across jurisdictions
Requirements that are important to us
- Undergraduate Degree in Business Administration, Finance, Law, or equivalent. JD is an asset.
- Two to three years experience in insurance or financial services compliance required.
- Demonstrated knowledge and understanding of risk management principles, regulatory frameworks and insurance/financial services operations.
- Asset designations, certifications include: LLQP, CAMS, CRM
- Advanced skills in Excel, PowerPoint, Word. Ideally, experience with SalesForce or other client management enterprise solutions.
- Demonstrated ability to understand, interpret, and apply regulatory and legislative guidelines.
- Demonstrated ability to manage relationships with both internal and external customers/stakeholders.
- Superior communication skills, including the ability to communicate complex risk concepts clearly both verbally and in writing.
- Proficient at analyzing and synthesizing information to support sound decision-making.
- A demonstrated commitment to high professional ethical standards and a diverse workplace.
- Meticulous and detail-oriented, with a strong focus on accuracy in compliance documentation and reporting.
- Demonstrated ability to prioritize effectively, multitask, and adapt to shifting requirements and/or needs.
- Keen to take initiative and proactive in helping enhance compliance processes and controls.
The OMA has moved to a permanent hybrid work environment. As such, the individual in this position will be required to work a minimum number of days in our Toronto office.
What do we have to offer you?
- A work environment whose values are to be respectful, bold, responsive, and transparent in our work and our behaviours
- A fantastic opportunity to grow with the team and help shape the strategic direction of the OMA, its members and the health-care system
- An organization that is committed to the equity, diversity and inclusion principles of humility, accountability, collaboration, courage and integrity
- A commitment to growth and development through paid professional development and continuous in-house learning
- A friendly and flexible hybrid work environment
- Competitive salary and bonus program
- Exceptional group benefits package, including a spending account and a robust wellness program
- An organization that has been recognized as a Greater Toronto’s Top Employers for five consecutive years.
As a condition of employment, OMA conducts background checks and reference checks for all open positions.
Facebook | Twitter | Instagram | YouTube | LinkedIn
We're excited to share this opportunity, which is for a newly created position on our team. Kindly be advised that our recruitment process does not involve the use of Artificial Intelligence.
The Ontario Medical Association is strongly committed to diversity within its community and welcomes applications from racialized persons/persons of colour, women, Indigenous People of North America, persons with disabilities, LGBTQ2S+ persons, and others who may contribute to the further diversification of ideas. In accordance with the AODA Act, accommodation will be provided throughout the recruitment process to applicants with disabilities.
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