Chief Compliance Officer, Ethos Life
$195-275k
Life insurance provider
Job no longer available
Life insurance provider
201-500 employees
Job no longer available
$195-275k
201-500 employees
Company mission
Ethos Life's mission is to protect the next million families.
Role
Who you are
- Juris Doctor degree and membership in good standing in at least one state bar
- A minimum of 15 years of experience working at a top national or regional law firm, insurance consulting firm, and/or the law or compliance department of an insurtech or technology company focusing on life insurance regulatory matters
- Experience leading and implementing best-in-class AML/KYC, OFAC, FCPA, TCPA, CAN-SPAM, data privacy, and other compliance programs
- Ability to multi-task and work independently and with cross-functional teams, while adapting quickly to ambiguous and rapidly changing environments
- Experience managing other compliance professionals
- Exceptional written and verbal communication skills
- Possess sound and practical business judgment
- Analytical and research skills, including experience with NILS
- Intellectual curiosity and willingness to expand knowledge base
- Comprehensive knowledge of the insurance laws, regulations, rules
- Familiarity with data privacy regulations
- Practical yet creative problem-solving approach that emphasizes addressing business needs while protecting the company
- A desire to help design and build world-class legal and compliance processes as we scale
- A passion for protecting families
What the job involves
- In this role you will work proactively with cross-functional teams to identify issues, and then to develop and drive practical business solutions
- You will implement compliance controls and guidelines to strategically mitigate risk to the organization by structuring, iterating, applying, and training employees on company policies and procedures in-line with applicable law and regulatory requirements
- Lead our enterprise Compliance program and the Compliance Team
- Promote a culture of compliance and ethical behavior within the company
- Design and implement internal controls, policies, and procedures to ensure compliance with all applicable local, state, and federal laws
- Provide internal trainings
- Provide reports on the state of the compliance program to our Leadership team and Audit Committee
- Manage periodic internal and third party audits into regulatory and compliance matters
- Act as primary compliance and regulatory POC with our carriers, enterprise distribution channels, and regulators
- Research and provide actionable guidance on current and proposed laws and regulatory requirements (e.g., statutes, regulations, bulletins) which may impact the organization
- Be highly responsive and service-oriented, with a demonstrated ability to maintain strong working relationships with demanding internal clients
- Oversee entity-level insurance licensing (Producer & TPA licenses), complaint handling, marketing reviews, and other core insurance compliance functions
- Prepare for and assist with responding to any market conduct exams and regulatory matters
Otta's take
Xav Kearney
CTO of Otta
Ethos was founded to increase the transparency of life insurance, making it accessible and affordable to all. The company want to add openness to the process; losing a loved one is hard enough before one even considers financial implications, particularly with the loss of a primary earner.
Ethos uses predictive technology to rapidly quote life insurance rates and verify an applicant’s medical information. This expedited process allows most users to secure life cover on the same day they apply, a process which normally takes a number of weeks. The company works with some of the biggest providers in the industry, including Legal & General America, AAA Life and Ameritas Life Insurance Corp.
Ethos has been one of the more heavily publicised of the recent wave of insurtech companies, with investors such as Google as well as celebrities Will Smith and Jay Z, taking its valuation to over $2 billion. However, the sector is being hit particularly hard by macroeconomic uncertainty and Ethos has conducted several rounds of layoffs through 2022 and early 2023. Now focused on its core product and revenue growth, it is poised to extend its market leading position.
Insights
Few candidates hear
back within 2 weeks
72% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Jul 2021
$100m
SERIES D
May 2021
$200m
SERIES D
Total funding: $406.5m
Company benefits
- Comprehensive health benefits
- Awesome medical, dental, and vision plans that start when you start
- Restricted Stock Units
- Unlimited paid time off policy
- New parents can take leave with 100% wage replacement
- Team training, volunteering opportunities, additional resources, and some amazing Employee Resource Groups: Black at Ethos, Parents, Pride & Shethos
- Our healthcare plans offer coverage on family planning and fertility
Company values
- Serve our Families
- Intellectual Rigor
- Bias for Impact
- Speak Your Mind
Company HQ
Berkley Square - Headway, Austin, TX
Articles
Founders
Peter Colis
(CEO)After an MBA at Stanford, Peter co-founded Ovid Corp in 2014, where he worked as CEO for 4 years before co-founding Ethos in 2016. He has worked as CEO since, alongside serving as a Sequoia Capital Scout.
Lingke Wang
(President)After working as an Investment Banker at Morgan Stanley Lingke gained an MBA from Stanford. He then co-founded Ovid Corp. an insurance company before Ethos.
Diversity & Inclusion at Ethos Life
- At Ethos, accessibility is core to our mission of protecting the next million families. Increasing access means diversity and inclusion are essential to the success of both our customers and our employees. At Ethos, we value every customer and each employee's unique voice, while ensuring they have an equal opportunity to be heard.
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