Risk, Audit & Compliance Director at SAFETY INSURANCE COMPANY

Tuusula, Uusimaa, Finland -

Full Time

Start Date

Immediate

Expiry Date

13 Apr, 26

Salary

210000.0

Posted On

13 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management, Internal Audit, Compliance, Information Security, Leadership, Communication, Project Management, Critical Thinking, Problem Solving, Financial Auditing, Accounting Policies, GAAP, SOX Compliance, COSO, COBIT, Enterprise Risk Management

Industry

Information Technology & Services

Description

Job Details Job Location: Safety Insurance Main Office - Boston, MA 02110 Salary Range: $160,000.00 - $210,000.00 Salary Safety Insurance is proud to be one of the leading property and casualty insurance providers in Massachusetts. We are committed to supporting independent agents and their customers through our unwavering dedication to excellence. Our success is built on a simple philosophy: deliver the highest quality insurance products at competitive rates while providing exceptional service at every step. At Safety Insurance, we don’t just offer jobs – we offer careers that are challenging, fulfilling, and designed to grow with you. Our people are our greatest asset. A diverse workforce makes us stronger, more innovative, and better equipped to serve our customers. At Safety, we empower our employees to be their best by fostering an inclusive environment and offering resources that support their careers, education, and families. We also understand the importance of work-life balance. That’s why we offer hybrid work options, flexible schedules, and a 37.5-hour workweek. Conveniently located in the heart of Boston’s financial district, our downtown office is a positive space where employees can stay connected to both each other and the pulse of the city. Safety’s benefits go beyond the basics. In addition to competitive salaries, our comprehensive benefits package includes: 3 weeks accrued paid time off + 14 paid holidays per year Health insurance (medical, dental, vision) Annual 401(k) Employer Contribution (up to 8% of your base salary) 100% tuition reimbursement Free on-site fitness center Complimentary coffee and breakfast service Hybrid work schedules Working Advantage Discount Program Employee Assistance Program …and much more! Join Safety Insurance and discover a career that’s built to support your success – both personally and professionally. Summary: Reporting functionally to the Audit Committee of the Board of Directors and administratively to the Chief Financial Officer, this position is responsible for the design, development, and implementation, and performance of a comprehensive risk-based audit program designed to assist and assure senior and executive management that: Internal controls are present, functioning, and effectively promote efficiency and protect the assets of the company Operational policies, procedures, and standards are in place and being complied with Claims and underwriting activities are in compliance with both internal and externally defined standards as well as those industry accepted methodologies; and General and application data processing controls and systems are present and functioning Duties: This position is responsible for setting the direction and overseeing the organization-wide risk framework. This is accomplished through the development and performance of formal corporate programs including: Enterprise Risk Management: Advises the Board and senior management and supports them in the establishment and communication of the organization's ERM objectives and direction; Functions as the owner of risk management processes and ensures they function effectively; Assists the executive team to develop and communicate risk management policies, risk appetite and risk limits; Facilitates enterprise-wide risk assessments and monitors priority risks across the organization; Implements appropriate systems, controls, and risk reporting to the Board and senior management so that risk can be managed effectively and in a cost-effective manner; Establishes, communicates, and facilitates the use of appropriate ERM methodologies, tools and techniques; Internal Audit: Develop and maintain an ongoing Sarbanes-Oxley Section 404 compliance program to ensure management's annual certification requirements relative to the effectiveness of internal controls over financial reporting is met. Oversees the review and testing of key financial controls required for SOX compliance; Maintains systems which ensure that the annual audit plan effectively met; Coordinates activities with independent external auditors, regulators and others as deemed appropriate; Prepare and present quarterly Board (Audit Committee) level communication; Compliance: Maintain knowledge of laws and regulations and keep abreast of recent changes; Oversee and monitor a framework for managing compliance risk throughout the organization; Coordinate and perform periodic departmental compliance risk throughout the organization; Acts as the point of contact by coordinating and respond to compliance investigations, examinations and queries; Alongside the legal department, provide guidance to management on compliance issues Advise the Board of the effectiveness of the corporate compliance program; Information Security Program: In conjunction with our Management Information Systems department, responsible for the creation and maintenance of the Written Information Security Program. Facilitates the risk assessment process, communication, and management of information security risk in a cost-effective manner; Provide leadership and oversight ensuring that, through related programs and supporting organizational policies and procedures, the company is managing its information security risk. Qualifications Qualifications: BS degree in Accounting or related field; MBA/certifications desired. 10+ years prior audit experience in accounting, auditing, finance or related field including experience with financial, operations and information technology controls; Thorough understanding of current audit practices and accounting policies including GAAP, COSO, COBIT, SOX compliance, MAR and ILA International Standards for the Professional Practice or Internal Auditing; Superior leadership skills including ability to simultaneously lead a multitude of projects using management and staff; Strong technical audit skills including information technology and financial auditing; Strong critical thinker and problem solver; Excellent verbal and written communication skills, including at the Board level; Strong project management skills

Responsibilities

The Risk, Audit & Compliance Director is responsible for designing and implementing a comprehensive risk-based audit program. This includes overseeing internal controls, compliance with operational policies, and ensuring effective risk management across the organization.