Compliance Program Specialist Senior
About The Position
Plans the execution of compliance programs to prevent illegal, unethical, or improper business practices. Develops ability to constructively challenge conclusions/status quo. Supports key business initiatives by analyzing data to identify compliance risks. Assists in providing resolutions to manage and mitigate the identified risks. If necessary, escalates identified risks to senior team members. Identifies compliance impact on matters such as marketing materials, sales programs, product development, documentation review and other business initiatives. Assesses activity for existing and emerging risks. Evaluates the materiality of the risks identified. Researches current laws, rules, and other regulatory requirements and drafts or assesses Compliance Manuals, Front Office materials, policies and procedures to ensure alignment. Manages the compliance monitoring program and reviews activity to ensure it falls within established risk control limits. Leads the execution of the Compliance program objectives for assigned area, products/services, and applicable regulations. Communicates and socializes compliance program objectives to business partners. Independently challenges analyses and formulates recommendations. Edits compliance reports. Analyzes the reports to identify deeper issues, escalates through proper governance channels as needed, and recommends corrective action plans. Assists in updating or implementing new/enhanced reports in order to ensure timely and effective compliance with regulatory requirements.
Requirements
- 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 annuities, fixed annuities, fixed indexed annuities, and registered index-linked annuities, including product features, risks, and distribution considerations.
- Experience evaluating new products, business initiatives, regulatory risks, or supervisory controls.
- University / college degree, with 3+ years of relevant / direct industry experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
- Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
- Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.
Nice To Haves
- Compliance Reporting
- Customer Risk
- Decision Making
- Regulatory Requirements
- Risk Assessments
- Risk Control
- Strategic Objectives
- Anti-money Laundering/Sanctions Policies and Procedures
- Auditing
- Fraud Management
- Internal Controls
- Problem Solving
Responsibilities
- Providing subject matter expertise and independent compliance oversight of broker-dealer and insurance-related activities, with particular emphasis on fixed, variable, fixed indexed, and registered index-linked annuities.
- Interpret and apply applicable FINRA, SEC, and state insurance regulatory requirements, including suitability, Regulation Best Interest, disclosure, supervision, and sales practice obligations.
- Evaluate existing compliance policies, procedures, and supervisory controls to identify potential gaps, emerging risks, and opportunities for enhancement.
- Provide regulatory guidance regarding annuity exchanges, replacements, surrender considerations, compensation structures, and potential conflicts of interest.
- Support regulatory examinations, inquiries, remediation efforts, and the resolution of identified compliance matters.
- Serve as a key compliance advisor in the review and assessment of new insurance and annuity products, product enhancements, and changes to distribution strategies.
- Evaluate product features, complexity, target markets, compensation arrangements, liquidity restrictions, and associated investor protection considerations.
- Provide constructive and credible challenge to business proposals, product initiatives, and distribution strategies to ensure appropriate consideration of regulatory, compliance, and reputational risks.
- 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 associated with new or existing products.
- Establish effective working relationships with business leadership, product management, supervision, legal, risk management, and other key stakeholders.
- Demonstrate the confidence and technical expertise to challenge business decisions when necessary while maintaining a collaborative and solutions-oriented approach.
- Translate complex regulatory requirements into clear, actionable guidance that supports informed business decision-making.
- Anticipate regulatory and industry developments and proactively advise leadership on potential business impacts.
- Exercise independent judgment and effectively escalate material compliance concerns, including matters involving product risk, sales practices, and customer outcomes.
- Plans the execution of compliance programs to prevent illegal, unethical, or improper business practices.
- Supports key business initiatives by analyzing data to identify compliance risks.
- Assists in providing resolutions to manage and mitigate the identified risks.
- Identifies compliance impact on matters such as marketing materials, sales programs, product development, documentation review and other business initiatives.
- Assesses activity for existing and emerging risks.
- Researches current laws, rules, and other regulatory requirements and drafts or assesses Compliance Manuals, Front Office materials, policies and procedures to ensure alignment.
- Manages the compliance monitoring program and reviews activity to ensure it falls within established risk control limits.
- Leads the execution of the Compliance program objectives for assigned area, products/services, and applicable regulations.
- Communicates and socializes compliance program objectives to business partners.
- Edits compliance reports.
- Analyzes the reports to identify deeper issues, escalates through proper governance channels as needed, and recommends corrective action plans.
- Assists in updating or implementing new/enhanced reports in order to ensure timely and effective compliance with regulatory requirements.
Benefits
- medical/prescription drug coverage (with 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/elder care
- adoption, surrogacy, and doula reimbursement
- educational assistance, including select programs fully paid
- a robust wellness program with financial incentives
- maternity and/or parental leave
- up to 11 paid holidays each year
- 9 occasional absence days each year, unless otherwise required by law
- between 15 to 25 vacation days each year, depending on career level; and years of service
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What This Job Offers
Job Type
Full-time
Career Level
Senior
