Risk and Compliance Manager at Cover Genius

New York, New York, United States

Cover Genius Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurtech, InsuranceIndustries

Requirements

  • A bachelor’s degree in Business, Risk Management, Legal Studies or a related field (certifications such as ARM, CRCMP or other are a bonus)
  • At least 5 years experience in a risk management or compliance role
  • Prior experience managing Sanctions regulations, reporting requirements and familiarity with the various global bureaus
  • Strong knowledge of Third-Party Risk Management (TPRM) and KYC processes, with a proven track record of managing and assessing vendor risk
  • Experience with sanctions screening and ensuring compliance with relevant regulations
  • Excellent project management skills

Responsibilities

  • Own and manage the company’s Third-Party Risk Management (TPRM) and due diligence processes, ensuring effective identification, assessment, and mitigation of vendor risks in alignment with our Risk Management Appetite
  • Support and coordinate Know Your Customer (KYC) requests across multiple teams, ensuring accurate collection and submission of required documentation in accordance with regulatory and company guidelines
  • Execute the implementation and monitoring of the company’s sanctions compliance program, including screening, reviewing potential matches, and escalating sanctions alerts in accordance with regulatory requirements and internal policies
  • Assist in the completion of corporate insurance applications across all insurance programs by gathering required data, coordinating with internal stakeholders, and ensuring timely and accurate submissions
  • Support the team’s efforts with incident and risk reporting
  • Support the development and execution of ESG initiatives by maintaining documentation and assisting with data gathering and reporting
  • Aid Compliance team efforts in the completion of compliance monitoring plans, assisting with reporting, tracking, and following up on action items
  • Own project management of long-term risk mitigation plans
  • Oversee the company’s Third-Party Risk Management (TPRM) program, lead Know Your Customer (KYC) requests, and ensure the effective management of sanctions screening processes
  • Own project management for the team as well as long term mitigation projects
  • Support the team’s efforts with the annual corporate insurance renewals and regular reporting for our various global workers’ compensation programs
  • Regular collaboration with Legal, Structures, Compliance, Finance and Partnerships teams to ensure effective risk and compliance adherence and promote a company culture valuing these principles

Skills

TPRM
KYC
Sanctions Screening
Project Management
Vendor Risk Management
Risk Reporting
Incident Reporting
Corporate Insurance

Cover Genius

Embedded insurance solutions for digital platforms

About Cover Genius

Cover Genius specializes in providing embedded insurance solutions for digital platforms around the world. The company collaborates with major digital companies like Booking Holdings and Ryanair, and its services are available on popular e-commerce sites such as Amazon and eBay. Cover Genius simplifies the integration of insurance products into the purchasing process through a single API, making it easier for its partners to offer insurance at the point of sale. This approach allows customers to access tailored insurance options, including travel protection and extended warranties, without any hassle. Unlike many competitors, Cover Genius focuses on embedding insurance directly into the user experience, which enhances customer satisfaction and streamlines the buying process. The goal of Cover Genius is to provide comprehensive and customized insurance solutions that not only meet the needs of end-users but also support the growth of its partners' businesses.

New York City, New YorkHeadquarters
2013Year Founded
$235.4MTotal Funding
SERIES_ECompany Stage
Fintech, Financial ServicesIndustries
501-1,000Employees

Benefits

Flexible working conditions
Employee stock options
Ongoing learning
Paid parental leave
Wellness initiatives
#WFH when you want
Peer bonuses and founder awards program
International working opportunities
GC Gives giveback program, led by the team

Risks

Competition from Smartpay and Chubb in Asia may hinder expansion efforts.
AutoRek and J.P. Morgan Payments partnership could offer competitive advantages to rivals.
Nezasa and Globespan's personalized travel experiences may reduce demand for travel protection.

Differentiation

Cover Genius offers seamless integration through a single API for global platforms.
The company partners with major digital companies like Booking Holdings and Amazon.
Cover Genius provides tailored insurance products, enhancing customer satisfaction and partner growth.

Upsides

Increased demand for embedded insurance in e-commerce boosts Cover Genius's integration opportunities.
Partnership with Adyen enhances payment experiences, leading to higher conversion rates.
$80M Series E funding indicates strong investor confidence and growth potential.

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