Product and Advertising Compliance Consultant (Hybrid)
About The Position
Securian Financial’s Corporate Compliance Department is seeking a Product and Advertising Compliance Consultant, internally titled Compliance Consultant. The role supports internal business clients by facilitating business success, managing risk, and ensuring products and advertisements comply with applicable laws and regulations. The consultant provides lead compliance support for policy form development, develops filing strategies, and manages complex issues raised by regulators during the objection-response phase of product or advertising filings. The consultant works with business leaders, attorneys, team members, clients, and regulators to develop and maintain compliant products, policy forms, procedures, and sales and advertising materials. The role also provides day-to-day compliance support to assigned business lines and helps those lines understand the effects of new or changed laws and regulations. This position has a hybrid working arrangement. Associates within a commutable distance of 90 minutes are expected to work in the office at least three days each week, with flexibility for business and personal schedules.
Requirements
- Experience with Disability and Leave insurance.
- Professional work experience, ideally in a corporate environment.
- Strong interpersonal and communication skills to interact with associates at various levels across the enterprise.
- Strong prioritization and organization skills to coordinate compliance reviews.
- Self-directed, with the ability to independently manage competing priorities with minimal direction.
- Experience filing policy forms and advertising materials using SERFF.
- Knowledge of applicable laws, regulations, industry standards, and best practices affecting financial services.
Nice To Haves
- Experience in the group insurance employer market.
Responsibilities
- Research potential compliance gaps, ensure compliance with legal and regulatory requirements, communicate identified gaps, and collaborate with relevant parties to resolve issues or violations.
- Partner with business leaders to create and implement new or updated products, compliance policies, and procedures aligned with contractual requirements and applicable laws and regulations.
- Design and provide compliance training and education.
- Oversee the creation and preparation of periodic client or regulatory filings with state and federal agencies, and interact directly with clients, regulators, and product line attorneys.
- Design, monitor, test, and audit assigned products, policies, and procedures; make enhancements based on interpretation of applicable laws and regulations; and identify and address compliance vulnerabilities and risks.
- Draft and file policy forms for assigned product lines in compliance with applicable laws, rules, and regulations, collaborating with the business area, market line attorney, and leader of people as necessary.
- Develop filing strategies that comply with state insurance law; provide management and project oversight for filings; and give team members work direction and feedback on regulator issues during the objection-response phase of product or advertising filings.
- Consult with team members, the leader of people, and market line attorneys as needed.
- Assist the market conduct exam coordinator during responses to policy-form market conduct exams, data calls, or survey requests from state regulators.
- Understand and disseminate the impact of new laws and regulations on assigned markets or products, including new or modified form requirements and administrative procedures, to affected business areas.
- Lead the review and state filing of sales literature and advertising materials for assigned markets in compliance with NAIC model regulations and state laws.
- Provide day-to-day compliance support to assigned business lines.
- Lead periodic review and maintenance of existing policy forms and related materials to ensure ongoing compliance with applicable laws and regulations.
Benefits
- Paid time off, with additional PTO awarded based on length of service.
- Flexible leave programs, including parental, caregiver, bereavement, and military leave.
- Nine company-paid holidays.
- Company-funded pension plan.
- 401(k) retirement plan with a company contribution tied to company performance, up to 10% of eligible earnings, with a 5% target.
- Medical, dental, and vision coverage for eligible associates and family members from the first day of employment.
- Paid volunteer time and a dollar-for-dollar matching gift program.
- Associate Resource Groups for connection and relationship-building.
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What This Job Offers
Job Type
Full-time
Education Level
No Education Listed
