Manager - Regulatory Compliance (Contract)

Company Description:

Sia Partners is a unique management consulting firm composed of 850+ passionate consultants who drive business changes among our customers. Through unparalleled industry expertise, we deliver superior value and tangible results to our clients in over 21 sectors and service teams.

Financial institutions has drastically changed over the last decade and further evolutions are yet to come. Regulatory constraints have driven most of these transformations, but the disruptive revolution is much more complex and cannot be limited to the latter. Business models must be adapted within each business line and operating models must take into account industrial partnership, outsourcing or strategic alliances. Sia Partners assists its clients in coping with these transformations in order to improve their competitive advantages, flexibility productivity and profitability: strategic deployment, financial performance, business process optimization, digitalization, risk and regulatory adherence.

Sia Partners in NYC is hiring a contractor with ACH Regulatory knowledge.

Thanks to Sia Partners’ international footprint, the Financial Services practice is strategically located in all major financial and energy hubs (New York, Charlotte, UK, Europe, and Asia Pacific) and our integrated model allows teams from different countries to easily partner, when appropriate.

Job Description:

Role Type: Contractor 

Project: Insurance Regulatory Compliance 

Duration: 14 weeks 

Location: Remote/Charlotte/New York/Toronto 

ROLE OVERVIEW 

We are seeking a subject matter expert (SME) in insurance regulations and compliance to support one of our key insurance clients. This contractor role will focus on conducting a regulatory compliance review at the federal and state level to identify gaps that may exist in policies, procedures, standards and controls for life insurance, health, other employee benefits, and annuities offered by insurance carriers. The ideal candidate will have solid knowledge of insurance regulations (federal and state level), advanced proficiency with AI-powered compliance tools, and proven expertise in conducting comprehensive gap analyses. 

KEY RESPONSIBILITIES 

Serve as the main point of contact with the Client, driving the day-to-day execution and delivery of the project objectives and milestones 

Serve as a subject matter expert on Insurance carrier operations and regulations 

Leverage understanding of both state and federal level regulations applicable to insurance carriers offering Life, Health and other Employee Benefits to complete a gap analysis between state and federal level regulations against our clients’ policies, procedures, standards and documented controls 

Manage a team of junior consultants 

Deploy RegAI (Sia's proprietary reg review and reg matching AI agent) to help deliver the final report; utilize RegAI to accelerate regulatory text analysis, requirement extraction, and gap identification 

Analyze and interpret complex regulatory language across multiple jurisdictions and translate into specific compliance obligations as well as specific requirements 

Review and assess internal documentation for completeness, accuracy, and alignment with regulatory requirements 

Develop detailed gap analysis matrices, compliance assessment reports, and prioritized remediation recommendations 

Qualifications:

QUALIFICATIONS 

5+ years of insurance carriers regulatory compliance and controls experience in risk or regulatory roles 

Demonstrated expertise in conducting comprehensive gap analyses between regulatory requirements and organizational policies, procedures, standards, and controls 

Deep expertise in insurance regulations focused on life Insurance, medical, dental and other employee benefits at the federal and state levels including NAIC 

Advanced ability to read, interpret, and extract specific compliance obligations from complex regulatory texts (statutes, regulations, bulletins, guidance documents) 

Experience with insurance regulatory frameworks including ORSA, ERISA, AML, OFAC, and SOL 

Proven experience mapping regulatory requirements to internal control frameworks and identifying control deficiencies 

Experience in KYC/AML and financial crime controls for insurance products 

Strong analytical skills with ability to systematically compare regulatory standards against documented policies, procedures, and controls 

Strong understanding of insurance products (life insurance, annuities, health insurance, disability, dental, vision, and other employee benefit products) 

Extensive experience reviewing and assessing compliance documentation, policy manuals, procedure documents, and control descriptions 

Proficiency in using technology tools for compliance reviews, including AI-powered regulatory intelligence and analysis platforms 

Demonstrated ability to quickly learn, adopt, and effectively deploy new AI applications for regulatory analysis and gap identification 

Strong project management skills with ability to manage multiple workstreams simultaneously 

Experience creating compliance matrices, gap analysis reports, control assessment documentation, and remediation roadmaps 

Excellent communication and client-facing skills, including ability to present complex findings and recommendations clearly 

Bachelor's degree in relevant field (Finance, Business, Law, or related discipline) 

PREFERRED

Experience with multi-state regulatory requirement analysis, comparison, and harmonization for insurance carriers 

Knowledge of insurance carrier operations, underwriting, claims, and distribution compliance requirements 

Proficiency with AI tools, machine learning applications, natural language processing (NLP), or regulatory technology platforms 

Hands-on experience with compliance automation tools, RegTech solutions, or AI-powered document analysis systems 

Background in data analytics, compliance testing methodologies, or control assessment frameworks 

Experience with document management systems, compliance workflow tools, or regulatory change management platforms 

Experience conducting control self-assessments (CSAs), control testing programs, or internal compliance audits 

Experience with executive presentations 

Background in process documentation, procedure writing, and control design 

CORE COMPETENCIES 

Insurance Regulatory Expertise 

AI Tool Proficiency & Technical Adaptability 

Leadership 

Client Relationship Management 

Communication Skills 

Problem-Solving 

Attention to Detail 

Business Acumen 

Documentation Review & Analysis 

Regulatory Mapping & Requirements Extraction 

Critical Thinking & Pattern Recognition 

Process Analysis & Improvement 

EXPERIENCE REQUIRED:

Regulatory Analysis & Gap Assessment Expertise 

7-10 years in insurance industry with at least 5 years focused on regulatory compliance analysis, gap assessments, and control evaluations 

Extensive experience reviewing and analyzing federal and state insurance regulations with ability to identify and extract specific compliance obligations 

Proven track record conducting comprehensive gap analyses comparing regulatory requirements against organizational policies, procedures, standards, and controls 

Experience creating detailed compliance requirement inventories, control mapping documentation, and gap analysis matrices 

Demonstrated ability to identify control weaknesses, documentation gaps, and areas of non-compliance in insurance operations 

Strong skills in assessing policy and procedure documentation for completeness, clarity, and regulatory alignment 

Product & Regulatory Knowledge 

Solid understanding of federal and state regulatory requirements for life insurance products including term, whole life, universal life, variable life, and indexed universal life 

Comprehensive knowledge of health insurance regulations including ACA requirements, state insurance codes, medical loss ratio rules, and network adequacy standards 

Expertise in employee benefits regulations including ERISA, HIPAA, COBRA, and state-specific group insurance requirements 

Understanding of annuity regulations (fixed, variable, indexed) including suitability, best interest, and disclosure requirements 

Familiarity with dental, vision, disability, and other ancillary benefit regulations 

Knowledge of NAIC Model Laws and Regulations, state variations, and ability to compare requirements across jurisdictions 

Understanding of insurance carrier compliance obligations including form and rate requirements, market conduct standards, and consumer protection rules 

AI & Technology Proficiency 

Proven ability to quickly learn new AI applications and integrate them effectively into compliance workflows 

Experience leveraging technology to accelerate regulatory review processes, improve accuracy, and enhance gap analysis quality 

Proficiency with data analysis tools, compliance databases, regulatory intelligence platforms, or document analysis systems 

Gap Analysis & Documentation Skills 

Expert-level ability to review policies, procedures, standards, and control documentation for completeness, accuracy, and regulatory alignment 

Proficiency in creating gap analysis matrices, compliance assessment reports, control evaluation summaries, and remediation roadmaps 

Strong documentation skills with ability to clearly articulate gaps, deficiencies, and recommendations 

Ability to prioritize gaps based on regulatory risk, business impact, and remediation complexity 

Experience synthesizing findings from multiple sources into comprehensive compliance reports 

Additional Information:

All your information will be kept confidential according to EEO guidelines. 

Sia is an equal opportunity employer. All aspects of employment, including hiring, promotion, remuneration, or discipline, are based solely on performance, competence, conduct, or business needs.  

We do not use artificial intelligence to screen or make decisions about candidates. Limited AI tools may be used for administrative or operational purposes in the recruitment process.

Sia is an equal opportunity employer. All aspects of employment, including hiring, promotion, remuneration, or discipline, are based solely on performance, competence, conduct, or business needs.