The RMS regulatory function has created a standard process to ensure high quality compliance happens that lifts the RMS brand and completes the release delivery package to our customers. We’ve traditionally done compliance on an ad-hoc basis and a shoe string budget. The lack of centralization and organization of regulatory collateral creation has led to deliverables being created sometimes over a year post-release. As regulatory compliance is a fundamental product feature, making the product viable and ensuring success, approval and acceptance by regulators is critical.
The regulatory compliance lead is responsible for the creation of high-quality collateral that complies with required regulatory submissions for RMS. These submissions are required by state departments of insurance, the National Association of Insurance Commissioners, Rating Agencies, and affiliated organizations that review insurance company solvency and rate filings.
Regulators in many states have requirements... that RMS must meet in order to be allowed to work with insurance companies on rate and solvency filings. If RMS does not complete the required documentation, our clients will not be allowed to use our models in underwriting and portfolio management, strongly reducing our value proposition and allowing our competitors to gain significant ground on RMS.
The compliance lead will work as a part of the go-to-market team with the product managers, ensuring that required submission documentation is integrated into the development timeline. The compliance lead will also find efficiencies in submission processes, helping to save RMS time and money while simultaneously enabling clients to achieve maximum value from our products.
The regulatory compliance lead will own the delivery of the following required materials:
There’s a 1% chance an earthquake will cause $50 billion of insured loss within the next 12 months and a 5% chance that a hurricane will cause $60 billion of insured losses next year. At RMS, we turn risks into real numbers. How? By building simulation models that allow insurers and investors to understand and manage their global risks--from hurricanes, quakes, and wildfires, to cyberattacks, terror attacks, and pandemics. Why? We want to build a more resilient world, and we’re on a mission to help make every risk known.
Insurers, reinsurers, investors, financial institutions, governments, and NGOs trust RMS solutions to better understand and manage catastrophe risks. RMS was founded in 1989 by Stanford scientists who created our first model for California Earthquake. Today, RMS has some 1,300 employees across 13 offices in the US, London, Bermuda, Zurich, India, China, Japan, Singapore, and Australia, and over 1,000 products and models now covering six continents.
RMS helped pioneer the natural catastrophe model market we now lead – and we continue to innovate. In May 2019, we announced RMS Risk Intelligence™ (RI), an open-standard platform for strategic risk management. Through this purpose-built platform, clients can tap into RMS HD models, rich data layers, intuitive applications and APIs that simply integrate into existing enterprise systems to support business decisions across underwriting, risk selection, mitigation, and portfolio management.
How we understand and manage risk affects everyone and our passion is nothing less than creating a more resilient world through a better understanding of catastrophic events. Join our team of leading scientists, developers, industry experts, and world-class professionals. Together, RMSers make a difference on a truly global scale.
Visit RMS.com to learn more and follow us on LinkedIn and Twitter.
RMS is proud to be an equal opportunity workplace. We are committed to equal employment opportunity without regard to race, color, creed, gender, religion, marital status, registered domestic partner status, age, national origin or ancestry, physical or mental disability, genetic characteristics, sexual orientation, or any other classification protected by applicable local, state, or federal law.
Location: Remote - Anywhere
Skills required for this job: