Senior Associate, Compliance

This is a fully remote position, open to applicants in Maryland.

📋 Description

• Analyze and convey the implications of new laws and regulations.

• Engage with industry associations to remain updated on changes in the insurance marketplace, build networks, and uphold best practices awareness.

• Embed compliance duties across various functional areas.

• Create, execute, and uphold market conduct and compliance policies and procedures.

• Oversee adherence to regulatory software and conduct regular compliance audits.

• Collaborate with regulatory agencies during inquiries, examinations, and investigations.

• Disseminate market conduct and compliance policies to pertinent company sectors and project teams.

• Supervise organizational practices to ensure compliance with established procedures.

• Inform senior management about ongoing market conduct activities.

• Carry out audits, document findings, share results, and collaborate with business units for enhancements.

• Perform investigations of agents and reviews of agent appointments.

• Assess potential AML transactions and take necessary actions.

• Initiate measures to enhance persistency, quality, and customer satisfaction.

• Assist the general counsel and assistant general counsel by providing required information and documentation.

• Act as a liaison between the general counsel and functional areas as needed.

• Conduct regulatory research and prepare summaries that capture legal and regulatory obligations.

• Support product compliance initiatives as requested by management.

⛳️ Requirements

• A BA or BS in Business or equivalent professional experience is necessary.

• A minimum of 5 years of experience in the insurance industry is required.

• At least 5 years of experience in compliance-related roles is preferred.

• A graduate degree such as a JD is preferred.

• Advanced industry designations like CLU or FLMI are preferred.

• In-depth knowledge of the insurance industry and business practices.

• Familiarity with company products, policies, and procedures.

• Exceptional organizational and communication skills.

• Capability to perform effectively under pressure.

• Professional demeanor with high integrity and credibility.

• Ability to maintain confidentiality concerning senior management matters.

• Proficient in interpreting laws and regulations and conducting regulatory research.

• Skilled in executing audits, investigations, and agent appointment reviews.

• Knowledgeable about AML transactions and appropriate responses.

• Ability to exercise sound judgment and address challenging issues tactfully yet assertively.

🏝️ Benefits

• Competitive salary package.

• Comprehensive health and wellness programs.

• Opportunities for professional development and continuing education.

• Flexible work arrangements.

• Supportive and collaborative work environment.