Senior Advisor Legal Affairs and Compliance

at  National Bank of Canada

A career in the Insurance sector at National Bank means being part of a dynamic and diverse team that works to offer innovative protection solutions to the Bank’s clients.
As a Senior Advisor – Legal Affairs and Compliance, you will use your expertise to influence the risk culture and maintain the team’s skills to the highest expected standard by proposing solutions to employees and partners in the insurance sector in order to improve continuously our practices related to the protection of our customers.
The team’s mandate is varied. It aims, among other things, at supervising and promoting a healthy risk culture within the National Bank Insurance sector and act as an expert, particularly for regulatory and legal matters.

• Act as an expert on the legal (common law) and regulatory framework for the sale and distribution of life and health insurance under provincial jurisdiction outside Quebec within the sector to guide and advise internal and external stakeholders as well as management in decisions which require expertise in the field of compliance and legal affairs outside Quebec;
• Act as a liaison agent, for the regions west of Quebec, in matters of compliance and legal affairs for internal partners (insurance representatives, management, operations) as well as external partners (insurers, auditors, regulatory bodies, industry’s non-profit associations).
• Act as a legal expert and collaborate with external legal firms for all litigation files governed by regulators outside Quebec and requiring a formal legal opinion;
• In collaboration with the manager, ensure the planning, day-to-day management and control of legal and regulatory activities dictated by provincial authorities outside Quebec impacting the field of life and health insurance;
• Ensure the maintenance and implementation of best practices as well as the updating of the various components of the legal and regulatory framework outside Quebec within the sector, in particular the compliance manual and the regulatory library;
• Act as the single point of contact for the regulatory authorities and various committees of the life and health insurance industry outside Quebec;
• Supervise the development of reports, questionnaires, declarations to be submitted to regulatory authorities outside Quebec and to management, notably the annual compliance reports;
• Coordinate the elaboration, monitoring and implementation of various action plans resulting from recommendations issued by internal and external stakeholders (internal audit, corporate compliance, regulatory authorities, and others);
• Establish, maintain and apply the framework for monitoring the sales practices of representatives working in provinces outside Quebec so that they comply with internal policies and legal and regulatory requirements of the industry.