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.
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: 3–6 months
Location: Remote - Charlotte / New York / Toronto
Role Overview
Sia Partners is seeking an experienced Insurance Regulatory Compliance Subject Matter Expert (SME) to support a strategic engagement with one of our key insurance clients. This contractor will play a critical role in leading a regulatory compliance review across U.S. federal and state requirements, with a focus on identifying gaps across internal policies, procedures, standards, and controls related to life insurance, health insurance, annuities, and other employee benefit products offered by insurance carriers.
The ideal candidate brings deep expertise in insurance regulatory compliance, a strong understanding of carrier operations, and demonstrated success conducting complex gap assessments and control evaluations. This individual will also be comfortable leveraging AI-enabled regulatory review tools, including RegAI, Sia’s proprietary regulatory analysis and matching solution, to enhance the speed, quality, and rigor of the assessment.
This is an excellent opportunity for a senior compliance professional who thrives in a client-facing environment, can lead workstreams independently, and is comfortable translating complex regulatory requirements into actionable business and compliance recommendations.
Key Responsibilities
Serve as the primary day-to-day point of contact for the client, ensuring effective execution against project objectives, deliverables, and timelines.
Act as a subject matter expert on insurance carrier regulations, compliance obligations, and operating models.
Conduct regulatory gap assessments by comparing applicable federal and state insurance requirements to the client’s documented policies, procedures, standards, and control environment.
Analyze and interpret complex regulatory language across multiple jurisdictions and translate it into clear, actionable compliance obligations and requirements.
Review and assess internal compliance documentation for completeness, accuracy, clarity, and alignment with applicable regulatory expectations.
Develop detailed deliverables, including compliance requirement inventories, gap analysis matrices, control assessments, and prioritized remediation recommendations.
Leverage RegAI to support regulatory text analysis, obligation extraction, requirement mapping, and gap identification.
Manage and mentor junior consultants, providing oversight, quality assurance, and direction across workstreams.
Synthesize findings into clear, executive-ready reports and present observations, risks, and recommendations to client stakeholders.
Demonstrated expertise conducting comprehensive gap analyses between regulatory requirements and organizational policies, procedures, standards, and controls.
Proven ability to review and interpret federal and state insurance regulations, including statutes, regulations, bulletins, and guidance, and extract clear and actionable compliance obligations.
Extensive experience developing compliance inventories, control mapping documentation, gap analysis reports, control assessments, and remediation roadmaps.
Proven success identifying control deficiencies, documentation gaps, and areas of non-compliance within insurance operations.
Strong analytical capability, with the ability to compare regulatory obligations against documented processes and control environments in a structured and risk-based manner.
Experience reviewing compliance documentation, policy manuals, procedural materials, and control descriptions for regulatory alignment and completeness.
Ability to prioritize findings based on regulatory risk, business impact, and remediation complexity.
Experience synthesizing complex findings from multiple sources into concise, high-quality compliance assessments and reports.
Insurance Product & Regulatory Knowledge
Deep expertise in regulations impacting life insurance, health/medical, dental, disability, vision, annuities, and employee benefit products at both the federal and state levels.
Strong understanding of insurance products, including term life, whole life, universal life, variable life, indexed universal life, annuities, health insurance, disability, dental, vision, and other employee benefits products.
Experience with key insurance-related regulatory frameworks and obligations, including ORSA, ERISA, AML, OFAC, SOL, HIPAA, COBRA, ACA, and other applicable state insurance requirements.
Comprehensive knowledge of regulatory requirements related to suitability, best interest, disclosure, market conduct, consumer protection, form and rate filings, medical loss ratio, and network adequacy.
Familiarity with ancillary product regulations and state-specific requirements across multiple jurisdictions.
Working knowledge of NAIC Model Laws and Regulations, including state-level variations and multi-jurisdictional comparison.
Experience with KYC/AML and financial crime controls within insurance products and operations.
Technology, AI & Regulatory Intelligence
Proficiency using technology-enabled compliance tools, including AI-powered regulatory intelligence platforms, compliance databases, and document analysis systems.
Demonstrated ability to quickly learn, adopt, and effectively apply new AI applications to regulatory review and gap analysis activities.
Experience leveraging technology to improve the efficiency, consistency, and quality of compliance reviews.
Familiarity with data analysis tools, compliance workflow platforms, regulatory intelligence tools, and document management solutions.
Documentation, Reporting & Project Execution
Expert-level ability to review and evaluate policies, procedures, standards, and controls for accuracy, completeness, and regulatory alignment.
Strong written communication skills, with the ability to clearly articulate gaps, findings, risks, and recommendations.
Experience producing detailed compliance assessments, control evaluation summaries, and practical remediation plans.
Strong project management skills, including the ability to manage multiple priorities and workstreams in a fast-paced consulting environment.
Excellent client-facing and stakeholder management skills, with the ability to present complex concepts and recommendations clearly to both working teams and executive audiences.
Education
Bachelor’s degree in Finance, Business, Law, or a related field.
Core Competencies
Insurance Regulatory Expertise
Regulatory Mapping & Requirements Extraction
Documentation Review & Analysis
AI Tool Proficiency & Technical Adaptability
Critical Thinking & Pattern Recognition
Preferred Qualifications
Experience conducting multi-state regulatory requirement analysis, comparison, and harmonization for insurance carriers.
Knowledge of insurance carrier operations across underwriting, claims, distribution, and servicing.
Familiarity with AI tools, machine learning applications, natural language processing (NLP), and regulatory technology platforms.
Hands-on experience with compliance automation tools, RegTech solutions, or AI-powered document review systems.
Background in data analytics, compliance testing, or control assessment frameworks.
Experience with document management systems, regulatory change management platforms, and compliance workflow tools.
Experience conducting control self-assessments (CSAs), control testing, or internal compliance audits.
Experience supporting or delivering executive-level presentations.
Background in process documentation, procedure development, and control design.
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.