Compliance Program Advisor

PNC Bank•Randolph, NC

2d•Onsite

About The Position

PNC is hiring a Compliance Program Specialist senior within its compliance organization. The role provides subject matter expertise and independent compliance oversight of broker-dealer and insurance activities, with a particular focus on fixed, variable, fixed indexed, and registered index-linked annuities. The advisor interprets and applies FINRA, SEC, Regulation Best Interest, and state insurance requirements; evaluates products, business initiatives, regulatory risks, policies, procedures, and supervisory controls; and provides guidance on annuity transactions, disclosures, sales practices, supervision, compensation, conflicts, and customer outcomes. The position supports product governance, regulatory examinations and inquiries, remediation, compliance monitoring, risk assessments, and the resolution of compliance matters. It works collaboratively with business leadership, product management, supervision, legal, risk management, audit, and other stakeholders, while independently challenging proposals and escalating material concerns when appropriate. The role also communicates compliance program objectives, analyzes reports and data, recommends risk mitigations and corrective actions, and coaches junior staff. The position is based in one of the following locations: Charlotte, North Carolina; Pittsburgh, Pennsylvania; or Cleveland, Ohio. PNC describes itself as an in-office company. Employment visa sponsorship and STEM OPT participation are not available for this position.

Requirements

University or college degree, typically, with 5 or more years of industry-relevant experience; a comparable combination of education, job-specific certifications, and experience may be considered in lieu of a degree.
Experience with broker-dealer and insurance compliance, including annuity products, suitability, sales practices, and supervisory requirements.
Strong working knowledge of FINRA rules, SEC regulations, Regulation Best Interest, and applicable state insurance regulatory requirements.
Practical understanding of variable, fixed, fixed indexed, and registered index-linked annuities, including product features, risks, and distribution considerations.
Experience evaluating new products, business initiatives, regulatory risks, or supervisory controls.
Ability to analyze data, assess risks, formulate recommendations, and constructively challenge business decisions.
Ability to work cooperatively with business, legal, audit, and other risk disciplines.
Customer-focused approach and ability to manage risks in alignment with PNC's Enterprise Risk Management Framework.

Nice To Haves

Skills in compliance reporting, customer risk, decision-making, regulatory requirements, risk assessments, risk control, and strategic objectives.
Knowledge of anti-money laundering and sanctions policies and procedures, audit and compliance functions, fraud management, internal controls, and problem solving.

Responsibilities

Provide subject matter expertise and independent compliance oversight of broker-dealer and insurance activities, particularly those involving annuity products.
Interpret and apply FINRA, SEC, Regulation Best Interest, and state insurance regulatory requirements covering suitability, disclosure, supervision, and sales practices.
Evaluate compliance policies, procedures, supervisory controls, and monitoring for gaps, emerging risks, and opportunities for enhancement.
Provide regulatory guidance on annuity exchanges, replacements, surrender considerations, compensation structures, and potential conflicts of interest.
Support regulatory examinations, inquiries, remediation efforts, and resolution of compliance matters.
Review new insurance and annuity products, product enhancements, and changes to distribution strategies, including their features, complexity, target markets, compensation, liquidity restrictions, and investor-protection considerations.
Challenge business proposals, product initiatives, and distribution strategies to ensure regulatory, compliance, and reputational risks are considered.
Participate in product governance committees, business risk assessments, and strategic discussions involving insurance and investment offerings.
Assess the adequacy of product training, disclosures, supervisory controls, and ongoing monitoring.
Build effective working relationships with business leadership, product management, supervision, legal, risk management, audit, and other stakeholders.
Translate complex regulatory requirements into clear, actionable guidance and advise leadership on regulatory and industry developments.
Exercise independent judgment and escalate material compliance concerns, including those involving product risk, sales practices, and customer outcomes.
Communicate effective compliance programs to identify and prevent illegal, unethical, or improper business practices.
Analyze data and business initiatives to identify compliance risks, recommend resolutions and mitigation, and escalate risks when necessary.
Assess marketing materials, sales programs, product development, documentation, and other business initiatives for compliance impact.
Evaluate existing and emerging risks, determine their materiality, and recommend appropriate risk mitigation.
Draft or assess compliance manuals, front-office materials, policies, and procedures for alignment with current laws, rules, and regulatory requirements.
Lead compliance monitoring and review activity against established risk control limits.
Help define and communicate compliance program objectives for assigned areas, products, services, and regulations.
Review compliance reports for underlying issues and common themes; recommend corrective action plans and escalate issues through governance channels.
Update and implement reports to support timely and effective regulatory compliance.
Coach and mentor junior staff, including on report analysis techniques, and raise issues to senior team members.

Benefits

Medical and prescription drug coverage, including a Health Savings Account feature.
Dental and vision options.
Employee and spouse/child life insurance.
Short- and long-term disability protection.
401(k) with PNC match.
Pension and stock purchase plans.
Dependent care reimbursement account.
Back-up child and elder care.
Adoption, surrogacy, and doula reimbursement.
Educational assistance, including select fully paid programs.
Wellness program with financial incentives.
Maternity and/or parental leave.
Up to 11 paid holidays each year.
Nine occasional absence days each year, unless otherwise required by law.
15 to 25 vacation days each year, depending on career level and years of service.