Position Summary

The Director of Monitoring Testing and Compliance Risk Assessments supports Ryan Specialty Regulatory & Compliance Framework with maintaining growing deploying and enhancing an effective compliance and regulatory risk framework across the enterprise and is a key member of Ryan Specialtys Regulatory and Compliance Function. The primary goal of Ryan Specialtys Framework is to control the risk of legal and regulatory violations and to ensure that Ryan Specialtys activities are conducted ethically and in compliance with relevant regulations laws and industry standards.

Ryan Specialty activities are subject to extensive regulation under the laws of the United States and its various states the United Kingdom the European Union and its member states and other jurisdictions in which we operate.

The Director will report directly to the Chief Compliance and Privacy Officer and is responsible for managing assisting and supporting the Monitoring Testing and Compliance Risk Assessments functions. The Director will be responsible for designing implementing and overseeing monitoring testing and risk assessment programs to ensure compliance identify issues and improve processes. The Director will be responsible for developing testing scripts managing testing engagements ensuring proper documentation and reporting material findings to key stakeholders. In addition the Director will be responsible for leading and developing the compliance risk assessment and regulatory inventory programs at Ryan Specialty.

The primary responsibility for the Director is to lead the Monitoring Testing and Compliance Risk Assessments functions which is part of Ryan Specialtys Regulatory & Compliance Function.

What will your job entail

Essential Functions:

• Develop and implement monitoring testing and compliance risk assessment programs which include designing and implementing frameworks plans and procedures. This includes refining existing methodologies frameworks and processes for identifying assessing and managing compliance risks.
• Develop and implement plans to mitigate compliance risks including setting up control measures improving processes and addressing identified weaknesses.
• Managing testing engagements which includes overseeing and execution of testing activities including planning fieldwork and documentation.
• Identifying and addressing issues of potential compliance issues or areas for improvement through monitoring testing and compliance risk assessments.
• Review and update existing Monitoring Testing and Compliance Risk Assessment policies procedures and guidelines to address a changing and evolving insurance market.
• Work collaboratively with a variety of stakeholders including Ryan Specialtys senior management and other Ryan Specialty departments (e.g. Finance Operations Internal audit and IT) to identify and minimize compliance risks and drive continuous implementation of compliance initiatives
• Assists with compliance issues arising from Ryan Specialtys M&A activity including due diligence and acquisition integration.
• Assists in developing monitoring and ensuring implementation of any corrective action plans. Identify potential compliance issues or areas for improvement through the monitoring testing and compliance risk assessment programs.
• Report and communicate material findings and communicate with stakeholders including senior leadership.
• Ensure that the monitoring testing and compliance risk assessment programs are aligned with regulatory requirements and industry standards.
• Supervise manage and mentor team members involved in the monitoring testing and compliance risk assessment programs. This involves ensure team members are adequately trained and supported.
• Periodically identify areas for improvement in monitoring testing and compliance risk assessment processes and implement changes to enhance effectiveness.
• Engage with relevant trade group (WSIA CIAB and Surplus Lines Associations NAIC) state insurance regulators and global regulators.
• Stays current and serves as a subject matter expert on compliance developments industry activities and emerging trends relating to Ryan Specialtys global business.

Education/Experience/Skills:

• Bachelors Degree Law Degree (not required) or a masters degree in a risk management finance or compliance discipline.
• Strong knowledge of the insurance industry and experience working at an insurance retail or wholesale brokerage operations.
• Minimum of 8 years of relevant insurance regulatory compliance and or risk management experience.
• Ability to establish and maintain strong relationships across business units insurance trading partners trade groups and insurance regulators.
• Ability to apply independently in a cohesive team.
• Problem-solving skills that demonstrate ability to critically evaluate and analyze issues and recommend well thought-out and/or creative solutions.
• Demonstrated ability to work in a fast-paced environment and to find creative solutions on diverse matters requiring complex legal and strategic analysis.
• Strong project management capability with a bias for well-informed action.
• Demonstrated leadership talent with the ability to motivate and interface with employees at all levels by virtue of keen business acumen excellent judgment professional competence emotional intelligence credibility flexibility and personal integrity.
• Proven capability leading and influencing global cross-functional teams.
• Exceptional interpersonal skills with an ability to inspire trust and confidence with internal and external stakeholders with different cultural backgrounds.
• Strong written and verbal communication skills including the ability to clearly and concisely articulate complex legal concepts to a lay audience.
• Ability to issue spot and provide incisive practical and business-focused compliance advice and counsel.
• Creativity and resourcefulness.
• Strong program-solving skills and a pragmatic orientation.
• Demonstrated experience in cost-effectively and proactively engaging services providers on a global basis.
• An ability and desire to travel internationally to support global compliance.

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race creed color religious beliefs physical or mental capabilities gender identity or expressionsexual orientation and many other characteristics bring together varied perspectives and add value to the service we provide our clients trading partnersand policy extends to all aspects of our employment practices including but not limited to recruiting hiring discipline firing promoting transferring compensation benefits training leaves of absence and other terms conditions and benefits of employment.

How We Support Our Teammates

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them and their family members achieve their physical financial and emotional well-being goals. In addition to paid time off for company holidays vacation sick and personal days Ryan offers paid parental leave mental health services and more.

The target salary range for this position is $152000.00 - $190000.00 annually.

The wage range for this role considers many factors such as training transferable skills work experience licensure and certification business needs and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards visit our website provide individuals with disabilities reasonable accommodations to participate in the job application or interview process to perform essential job functions and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at

The above is intended to describe this jobs general requirements. It is not to be construed as an exhaustive statement of duties responsibilities or physical requirements. Nothing in this job description restricts managements right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.