Lead Compliance Analyst

OneMain Financial • Fort Worth, TX

1d • Hybrid

About The Position

OneMain Legal is seeking a talented and energetic compliance analyst to support the OneMain Solutions insurance team. A successful candidate will demonstrate competency in research, writing, and presentation development on all components of operation of an insurance business. The Lead Compliance Analyst will work under the supervision of attorneys in OneMain Solutions’ Insurance Legal Department, as well as interact with cross-functional teams and business partners as part of the dynamic Legal team. The Lead Compliance Analyst will perform legal research on a broad range of state and federal insurance laws, draft regulatory filings including Holding Company, Registration Statement and UCAA filings as well as assist attorneys with providing legal advice to the insurance operations clients. The Lead Compliance Analyst is responsible for tracking and monitoring newly enacted or amended federal and state laws, providing initial review and analysis, and compiling related reports. The ideal candidate demonstrates competency in research, writing, and presentation development in all components of operation of an insurance business.

Requirements

• Bachelor’s degree or equivalent experience preferred.
• 7 + years’ experience working in a corporate legal department, law firm or significant experience in insurance, regulatory filings and commercial transactions.
• Strong research and writing skills, organization, attention to detail, and analytical and critical-thinking abilities with the ability to present complex information clearly and effectively.
• Proficiency in Lexis/Westlaw, INsource, Word, Excel, and PowerPoint.
• Proficiency in defining problems, collecting data, establishing facts and drawing valid conclusions, while interpreting applicable laws.
• Strong interpersonal and communication (both oral and written) skills.
• Self-motivated, flexible, team player able to take direction from multiple people.
• Proven ability to manage multiple projects, meet deadlines, and work independently in a fast-paced environment.
• Ability to work as part of a team and independently, as circumstances dictate.
• Able to multitask and handle a diverse and high-volume caseload.
• Limited travel may be required.

Nice To Haves

• Experience with insurance Holding Company filings, Registration Statement filings, UCAA filings, and corporate governance.
• Experience with state and federal credit insurance laws and regulations, as well as the laws and regulations governing debt cancellation /suspension agreements, and consumer finance laws.
• Experience with legal issues arising in some or all of the following areas related to consumer financial services: credit and lending, internet marketing, technology, privacy, cybersecurity, consumer protection, financial services, and operations.
• Familiarity with any of the following laws and regulations: Unfair Deceptive or Abusive Acts or Practices (UDAAP), EFTA/Reg. E, TILA/Reg. Z, GLBA/Reg. P, FCRA/Reg. V, FDCPA, HIPAA, ECOA/Reg. B, California Consumer Privacy Act, State Cybersecurity Regulations and other laws affecting consumer loan and payment products and services.
• Experience with installment lending is highly desired.

Responsibilities

• Monitor, review, and analyze newly enacted federal and state legislation, regulations, and regulatory guidance impacting the company’s insurance operations.
• Conduct legal research on statutory, regulatory, and compliance issues affecting insurance products, claims practices, underwriting, marketing, and servicing.
• Prepare written summaries, compliance matrices, and impact assessments regarding new and proposed laws.
• Draft, review, and coordinate insurance regulatory filings, including Holding Company and Registration Statement filings and required disclosures.
• Communicate with state insurance departments and other regulatory agencies regarding filings, inquiries, and compliance matters.
• Maintain and track regulatory deadlines, reporting requirements, and filing calendars across multiple jurisdictions.
• Support internal compliance initiatives by developing and updating policies, procedures, and training materials.
• Collaborate cross-functionally with product, actuarial, claims, compliance, and business teams to ensure adherence to applicable laws and regulations.
• Assist with internal audits, regulatory examinations, and responses to regulatory inquiries.
• Maintain organized legal and regulatory records, databases, and research resources.
• Provide corporate support to the legal department as needed.

Benefits

• Health and wellbeing options including medical, prescription, dental, vision, hearing, accident, hospital indemnity, and life insurances
• Up to 4% matching 401(k)
• Employee Stock Purchase Plan (10% share discount)
• Tuition reimbursement
• Paid time off (15 days’ vacation per year, prorated based on start date)
• Paid sick leave as determined by state or local ordinance (prorated based on start date)
• 11 Paid holidays (4 floating holidays, prorated based on start date)
• Paid volunteer time (3 days per year, prorated based on start date)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level