Compliance Consultant

Assist compliance senior management in all aspects of the compliance function related to developing and implementing policies, procedures and controls; conducting reviews of compliance processes and operations; ensuring implementation of any required corrective actions; managing projects; developing and implementing systems to automate processes and procedures to enhance efficiencies. This includes collaborating and negotiating with state regulators to resolve concerns as well as fostering relationships with state insurance department personnel in order to address decisions rendered by state personnel and, at times, openly and diplomatically address disagreements or concerns.

Overview:

The Compliance Consultant supports the company’s life insurance compliance program by assisting with regulatory examinations, annual compliance filings, including MCAS, and regulatory change management. This role researches applicable life insurance laws and regulations, evaluates the impact of regulatory changes, and helps provide guidance to business partners. The position also conducts compliance assessments, referred to as exam readiness testing, to identify potential gaps and support preparedness for regulatory examinations.

 

The ideal candidate has strong research and writing skills, proficiency in Microsoft Excel, and excellent attention to detail. A background in life insurance compliance, including knowledge of insurance rules, regulations, and regulatory filing requirements, is preferred. Success in this role requires the ability to interpret regulatory information, communicate clearly, and manage work accurately within established deadlines.

Responsibilities:

• Receive, review, and research applicable state and federal regulations to ensure all regulatory requirements are incorporated into company policies and practices for both Life and Annuity. Use professional judgement and forward thinking to adapt regulations to fast pace changes in the business units and insurance industry.
• Partner with and provide subject matter expertise to Sr. Compliance Consultants, Team Advisor or Manager with the receipt, review, research, investigation of and response/preparation to regulatory agencies and client initiated complaints of small to medium scope as assigned by manager. Attend compliance related meetings and present information as assigned; perform internal investigations and agent investigations when necessary. Surveying customers may be required within some projects.
• Assist compliance senior management in all aspects of the compliance function related to developing and implementing policies, procedures and controls; conducting reviews of compliance processes and operations; ensuring implementation of any required corrective actions; managing projects; developing and implementing systems to automate processes and procedures to enhance efficiencies.
• Develop and maintain good relationships with both internal and external customers by handling tasks in a timely and professional manner. This includes collaborating and negotiating with state regulators to resolve concerns as well as fostering relationships with state insurance department personnel in order to address decisions rendered by state personnel and, at times, openly and diplomatically address disagreements or concerns.
• Research and address/resolve “Red Flag” issues.
• Communicate and train appropriate employees regarding new laws and regulations for both Life and Annuity.
• Document, Update and Monitor Legislative Briefing Database.
• Serve as subject matter expert for field compliance manual and/or advertising guidelines. Notify manager of necessary changes and help ensure that updates are provided to business partners on a no less than annual basis.
• Ensure all compliance-related procedures are appropriately documented and categorized in a compliance manual format.
• Accountable for maintenance of files as well as participating in the in the review, collection of data, data testing and response to Market Conduct Exams 
• Assist in the review, collection of data, data testing and response to Market Conduct Exams
• Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity).
• As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.
• Participate in other initiatives and/or projects as necessary.

Qualifications:

• Bachelor's Degree business or related field preferred or equivalent business experience Preferred
• Juris Doctorate degree Preferred
• 3-4 years' relevant compliance, internal audit or other equivalent experience Preferred
• Working knowledge of life and annuity products, with specific knowledge of insurance company operations
• Ability to make sound and proper decisions by applying personal knowledge of guidelines, product information and personal professional judgement in review of assigned materials
• Excellent interpersonal and customer service skills
• Strong analytical solving skills, including the ability to accumulate, organize, and assimilate large amounts of information
• Excellent attention to detail and accuracy; including proofreading skills
• Ability to manage multiple tasks simultaneously and manage competing priorities
• Ability to work independently and be a team player by demonstrating flexibility, understanding of other positions, providing constructive and relevant input to discussions
• Organizational skills
• Demonstrate professionalism and an aptitude for problem resolution
• Advanced computer skills, including Microsoft Word and Excel and Adobe Acrobat
• Excellent written and verbal communication skills
• Excellent interpersonal and customer service skills
• Minimal overnight travel; anticipate up to 5%

Suitability Requirements: • Criminal background check required.
• FINRA regulations require fingerprinting for this position. Management reserves the right to determine and approve incumbent suitability for this position.
Pay Range: USD $49,628.00 - USD $93,052.00 /Yr. Pay Transparency Verbiage:

Range includes data points from multiple labor markets. Specific range is dependent on the labor market where the incumbent will be hired to perform the position. Starting salary is dependent on candidate qualifications and experience. For a narrower salary range specific to your labor market, please inquire.

Company Information: •Comprehensive health coverage for you and your family, including Medical, Dental, Vision, HSA & FSA options, and term life insurance.
•Competitive compensation with a performance-based incentive program tied to clear goals and individual and/or company success.
•Invest in your future with our 100% company-funded Employee Stock Ownership Plan (ESOP), plus automatic enrollment in our 401(k).
•Work–life balance that means something. Friday afternoons off year-round, generous paid time off, and paid holidays.
•Commit to your growth with paid development time, tuition reimbursement, and professional development opportunities across industry, individual, and leadership programs.
•Make an impact beyond the workplace through volunteer time off, and our company nonprofit matching gift program, supporting the causes that matter most to you.
•An ownership culture that inspires; join a connected, values-driven workplace where employees take accountability, support one another, and are empowered to do their best work—together shaping our future shared success.
Work Authorization/Sponsorship: At this time, we’re not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.) Additional Information:

Sammons Financial Group Is An Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or any other characteristic protected by applicable law.

ADA
Sammons Financial Group is committed to providing reasonable accommodations to qualified individuals with disabilities in all aspects of the employment process. If you need assistance or a reasonable accommodation at any stage of the application or hiring process, including navigating our website or applying for a position, please contact HR@sfgmembers.com or call 800-728-2987.

E-Verify
Sammons Financial Group participates in E-Verify and will provide the Social Security Administration and, if necessary, the Department of Homeland Security with information from each new employee's Form I-9 to confirm work authorization.

Policy for External Search Firms and Agencies
Sammons Financial Group maintains an internal Talent Acquisition function and does not accept unsolicited resumes or candidate submissions from search firms, staffing agencies, or other third-party recruiting vendors. Please review our Recruitment Agency Policy for additional information here.