Compliance Manager - Agent Regulatory Compliance/Agent Misconduct (Hybrid)

Transamerica•Cedar Rapids, IA

23h•Hybrid

About The Position

Direct the day to day operations of the compliance department. Analyze and resolve problems regarding state insurance departments complaints, changes in laws and regulations, investigations (AML, fraud, market conduct) or filings/correspondence with state insurance departments.

Requirements

Bachelor’s degree in business, marketing, political science, pre-law, paralegal or other relevant area.
Minimum of 5 years insurance or securities experience.
Strong knowledge of insurance and annuity products and regulatory requirements (FINRA, NAIC, state insurance laws, etc.) regarding financial crimes and insurance compliance.

Nice To Haves

At least 1 year supervisory experience preferred.
Excellent written and verbal communication skills.
Advanced analytical, interpretive, organizational and negotiations skills.
Understanding of contract law and company operations.

Responsibilities

Develop and execute oversight programs for agents, agencies and broker dealers selling insurance and annuity products.
Monitor agent, agency, and broker dealer activities for compliance with state, federal, and company regulations.
Review sales practices, suitability, and documentation to ensure adherence to standards.
Analyze trends and patterns in agents performance and compliance issues to recommend training and process improvements.
Lead a team responsible for insurance and annuity agent monitoring, support and compliance
Identify and assess potential compliance risks related to agent behavior and sales practices.
Direct and assign projects to technical and administrative staff.
Review projects for completeness and overall performance of compliance department staff.
Determine impact on administrative and marketing functions in regard to legislation changes.
Assist in the development of new marketing materials and concepts.
Create response to complex complaints.
Oversee complex investigations.
Initiate projects to improve the efficiency of the compliance department.
Develop analytical abilities of technical staff to enable them to achieve degree of expertise.
Establish departmental policies and procedures.
Prepare reports on operation of department.
Represent the company at various industry related meetings.
Assist in evaluating overall Compliance Risk factors.
Assist the legal department with state insurance department audits, corporate audits, and internal audits.
Support and drive the continuous improvement of team performance by tracking key KPIs, recommending enhancements to core processes, and helping implement tools or solutions that improve workflow efficiency.

Benefits

Competitive Pay
Bonus for Eligible Employees
Benefits Package
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs