Consultant, Corporate Compliance

Nationwide•Columbus, OH

1d•$97,000 - $180,000•Hybrid

About The Position

If you're passionate about being part of a diverse organization that enables a Fortune 100 company with nearly $70 billion in annual sales to deliver innovative business solutions with excellence, then Nationwide's Legal team could be the place for you! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care. This Consultant role will provide Compliance support for both the Institutional Life Insurance (ILI) and Nationwide Specialty Insurance (NSI) businesses. The successful candidate will advise on regulatory expectations, partner with the business on complex and innovative initiatives, and help design and execute enhancements to our testing and monitoring activities. The role will also play a key part in advancing our use of AI and analytics within the Compliance Programs to strengthen risk identification, coverage, and reporting. The ideal candidate has extensive experience (8+ years) in institutional (corporate/bank owned life insurance), group/employer-sponsored benefits and/or relatable industry experience. The candidate is comfortable reviewing and interpreting regulations that impact products, services, distribution, and business procedures. They thrive in environments with ambiguity, can clearly communicate with executives, and collaborate effectively across functions. We are looking for someone who proactively identifies opportunities, drives improvements to Compliance processes and controls, and helps shape the future direction of our ILI and NSI Compliance Programs. Preference is for a candidate to work from a primary Nationwide office location; Columbus, Ohio, Des Moines, IA, Scottsdale, AZ with the option for a hybrid working environment. #LI-AM1 #LI-HYBRID Job Description Summary Are you someone who is compelled to “do the right thing?” Are you able to make decisions to ensure regulatory and legal compliance that protects a business and its customers? If you thrive in an environment where you can solve tricky issues and find ways to achieve business goals within the complex, highly regulated insurance industry, we want to know more about you! We work across the enterprise to help our business partners find ways to work through issues successfully. Nationwide's culture of compliance and passion for providing extraordinary care to its customers makes the Office of Compliance & Ethics a valued partner across the Nationwide enterprise. As a Compliance Consultant, you will collaborate with our business partners to ensure that business operations are conducted in compliance with regulatory, legal and organizational requirements. You’ll plan, perform and lead various types of compliance reviews with our business partners.

Requirements

Undergraduate studies in business administration, insurance, business ethics, criminal justice, computer science, finance or pre-law is preferred.
Depending on the specific Compliance team, you may be required to obtain professional licenses/registrations within a designated period of time.
Typically, eight or more years of related work experience in financial services, insurance, compliance, or a related field.
Able to build and foster relationships.
Demonstrates strong communication skills.
Proven ability to set priorities, organize work, and meet timelines.
Creative, innovative, analytical thinking, and problem-solving skills.
Able to optimally evaluate and recommend solutions to complex compliance issues.
Strong research and documentation development skills.
Insurance, and/or financial services knowledge is preferred.
Data analytic experience is a plus.

Responsibilities

Provides multi-level and multi-issue compliance consulting and advisory services to a diverse mix of customers, including administration, sales, marketing, actuarial, systems, claims, attorneys, accountants, financial advisors, and government and regulatory agencies.
Analyzes various regulations impacting the products and procedures of assigned product and/or functional area.
Facilitates the development of policies and procedures and collaborates with our business partners to implement them.
Creates and maintains various reports and metrics for trend analysis.
Creates and maintains internal manuals, documentation files, and other related regulatory records on more complex subjects, ensuring that our records and resources are up-to-date and remain accurate.
Stays informed of compliance and regulatory industry updates and trends by attending professional seminars and continued education programs. Applies information learned to advance or enhance the compliance program.
Creates and facilitates various types of compliance training or presentations for business partners, often on more complex subject matter.
Leads the production of documents and requests for regulatory exams, investigations, subpoenas, etc. including responses to regulatory inquiries.
Collaborates with business leaders to develop and implement corrective actions for identified compliance issues. Monitors corrective action through resolution.
Identifies innovation and continuous improvement opportunities. Follows through to develop the ideas in collaboration with business partners and Compliance staff.
Performs risk assessments and modifies compliance program accordingly.
Creates and performs testing on business unit procedures to ensure compliance with business unit policies. Analyzes results to identify key trends and makes recommendations to our business partners accordingly.
Employs data analytics to strengthen and expand compliance program.
Performs other responsibilities as assigned.

Benefits

medical/dental/vision
life insurance
short and long term disability coverage
paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date
nine paid holidays
8 hours of Lifetime paid time off
8 hours of Unity Day paid time off
401(k) with company match
company-paid pension plan
business casual attire