Family Innovation Corp. (FIC) is a multi-family office providing multiple services, including estate planning, risk management, financial counsel, trusteeship, investment advice, and other services.

We recognize excellent relationship management, accurate, actionable, and sound advice, and the desire to deliver the best quality work, improving the groups overall performance and increasing its value-added capacities.

Summary
We are looking for a Compliance Officer to join one of our portfolio companies and support its compliance, regulatory, anti-money laundering, privacy, licensing, and online insurance distribution requirements across Western Canada.

This role has two primary functions. The first is to oversee compliance for an insurance company offering specialized life insurance services to a niche client base. The second is to serve as the individual appointed to the relevant regulators and be responsible for the management and supervision of the licensed business.

The successful candidate will support compliance across British Columbia, Alberta, Saskatchewan, and Manitoba and must be eligible to hold the required life insurance licences and regulatory appointments in each province.

Role Overview
Corporate Compliance

Maintaining the company's written compliance policies and procedures and keeping them current as legislation changes

Tracking requirements from the Insurance Council of British Columbia, Alberta Insurance Council, Insurance Councils of Saskatchewan, and Insurance Council of Manitoba

Advising the business on regulatory and legislative changes

Maintaining compliance with CCIR and CISRO guidance and principles related to the conduct of insurance business and fair treatment of customers

Reviewing compensation and incentive arrangements for potential customer impacts

Maintaining licensing records for the company and its representatives, including licence status, continuing education, and errors and omissions coverage

Managing the complaint handling process and maintaining the complaint register

Conducting compliance monitoring and file reviews, documenting findings, and tracking remediation

Preparing compliance reports for senior management

Managing regulatory examinations, audits, and information requests

Delivering compliance training to staff and licensed representatives

Anti-Money Laundering

Acting as the compliance officer appointed under the Proceeds of Crime (Money Laundering)



and Terrorist Financing Act

Maintaining the written compliance program, business risk assessment, and training program

Ensuring the compliance program remains risk-based and effective

Completing the required effectiveness review at least every two years and reporting the results to a senior officer

Submitting required suspicious transaction, terrorist property, large cash transaction, and large virtual currency transaction reports

Maintaining client identification records and ensuring records are retained for the required periods

Privacy

Acting as the individual accountable for privacy compliance under PIPEDA and the British Columbia Personal Information Protection Act

Maintaining privacy policies, consent practices, and safeguards

Managing privacy breaches and required notifications and reporting

Regulatory Appointments & Supervision

Acting as nominee in British Columbia and designated representative in Alberta and Saskatchewan

Taking responsibility for the management and supervision of the licensed business

Establishing supervision standards for licensed representatives based on their qualifications, experience, and the business being conducted

Ensuring only appropriately licensed individuals act for the business

Monitoring licences, continuing education, and errors and omissions coverage

Ensuring required corporate errors and omissions coverage is maintained

Screening representatives before appointment and monitoring them thereafter

Completing required regulatory notifications relating to the business, representatives, and licensing status

Online Distribution

Overseeing compliance of the website and online application process

Ensuring required customer disclosures are available before purchase

Ensuring customers are clearly informed about whether advice is provided as part of the sale

Ensuring needs analysis and suitability information is collected, documented, and retained

Ensuring the full sales record is captured and maintained





Reviewing marketing and advertising materials before use

Licensing Requirements
The successful candidate must be eligible for the required regulatory appointments in each applicable province.

British Columbia: Nominee and holder of a British Columbia life insurance agent licence, with the required experience and completion of the Council's Nominee Course

Alberta: Designated representative for the life class and holder of an Alberta life insurance agent's certificate of authority

Saskatchewan: Designated representative and holder of a Saskatchewan life licence, meeting the applicable requirements to supervise life agents

Manitoba: Manitoba life insurance agent licence, with an accident and sickness licence if applicable to the products sold

Required Skills or Experience

Completion of the Life Licence Qualification Program

Life insurance agent licence in British Columbia, Alberta, Saskatchewan, and Manitoba, or the ability to obtain all four

Eligibility for the required regulatory appointments

Minimum 3 years of compliance experience in life insurance or financial services

Working knowledge of provincial insurance legislation across the four Western provinces

Knowledge of CCIR and CISRO fair treatment of customers guidance

Working knowledge of FINTRAC requirements and Canadian privacy legislation

Strong written communication skills, including the ability to prepare policies, reports, and regulatory correspondence

Clean regulatory record

Ability to successfully complete required background, credit, licensing, and regulatory checks

Preferred

Experience as a nominee or designated representative

Experience with online or direct-to-consumer insurance distribution

Experience building or reviewing an anti-money laundering program

Compliance, financial crime, or related professional designation or certificate

Salary and Benefits

Performance-based bonus

Medical, dental, and vision benefits

Position Type

Nature: Permanent, Full time

Start Date: Immediate

Please note:
Candidates must be currently authorized to work in Canada.

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

#J-18808-Ljbffr

📌 Compliance Officer (British Columbia)
🏢 Family Innovation
📍 British Columbia