Sr Compliance Consultant - Sales Oversight

Sammons Financial Group • West Des Moines, IA

7d • Onsite

About The Position

Ensure that the firm follows regulations and ethical standards in sales and marketing activities. Responsible for monitoring gifts, entertainment and electronic communications. Conduct testing and monitoring of compliance with policies and procedures. Train on relevant sales practice topics, become the point of compliance contact for the sales team and ensure proper retention of books and records.

Requirements

• Solid knowledge of variable life and annuity products and insurance company operations
• Solid knowledge of securities regulations (i.e. state, federal and FINRA) impacting variable life and annuity products
• Working knowledge of model insurance laws and associated model regulations
• Excellent communication skills, both written and oral, and have the ability to work with different personality types (i.e. regulators, registered representatives heads of the business units, etc.) when communicating requirements, revisions and approvals/rejections
• Proven ability to coordinate the compliance function with related activities of other areas of the organization and serve as a consultant for compliance issues relating to specified areas of responsibility
• Possess good project management skills and is able to work independent of supervision to ensure that the variable product advertising review process runs smoothly day-to-day
• Ability to utilize PC administrative tools (i.e. Microsoft Office Suite: Word, Excel and Access)
• Understanding of the federal and state rules governing communications with the public
• Proficient understanding of the electronic filing system used by FINRA for submission of advertising reviews
• Understanding of the requirements under Securities and Exchange Commission (SEC) Rule 38a-1 as it applies to insurance company’s registered separate accounts
• Demonstrated ability to understand intricate rules and regulations and communicate them to different audiences
• Detailed-oriented, with solid organizational abilities
• Ability to be a team player by demonstrating flexibility, understanding of other positions, providing constructive and relevant input to discussions
• Exhibit ability to build and maintain ongoing key relationships with regulatory personnel as well as industry contacts and business partners
• Strong work ethic
• Series License-6 and Series License-26 Or Series License-7 and Series License-24 or ability to obtain within 120 Days Required
• Criminal background check required.
• If the position is in the SIG business unit, Annuity New Business Securities team, or if we are holding securities licenses, FINRA regulations require fingerprinting for this position; if we are holding securities licenses, a credit check will also be required. Management reserves the right to determine and approve incumbent suitability for this position.

Nice To Haves

• Bachelor's Degree in Business Management Preferred
• 7-10 years' experience compliance and variable products in an insurance environment Preferred

Responsibilities

• Oversee compliance-related actives within the organization; ensure that registered persons follow firm policies and procedures.
• Conduct internal investigations to address potential violations or non-compliance issues.
• Provide training and guidance to employees regarding compliance policies, regulations and industry best standards.
• Serve as a liaison between regulatory agencies, eternal auditors and internal stakeholders related to compliance matters.
• Develop monitoring programs and exception reports for rule violations or potential sales practice issues in partnership with CCO.
• Train marketing and content submitters on the firm's guidelines and submission tool.
• Monitor internal social media channels and website for compliance with firm procedures.
• Daily review of advertising submissions, file certain advertisement items with Financial Industry Regulatory Authority (FINRA), on as basis; track comments and implementation.
• Review reports, including exception reports, used by business unit as controls to help ensure compliance with applicable rules and regulations.
• Review and monitor electronic communications across the organization.
• Review of entrainment and sponsorship reports.
• Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity).
• As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.
• Participate in other initiatives and/or projects as necessary.

Benefits

• Comprehensive health coverage for you and your family, including Medical, Dental, Vision, HSA & FSA options, and term life insurance.
• Competitive compensation with a performance-based incentive program tied to clear goals and individual and/or company success.
• Invest in your future with our 100% company-funded Employee Stock Ownership Plan (ESOP), plus automatic enrollment in our 401(k).
• Work–life balance that means something. Friday afternoons off year-round, generous paid time off, and paid holidays.
• Commit to your growth with paid development time, tuition reimbursement, and professional development opportunities across industry, individual, and leadership programs.
• Make an impact beyond the workplace through volunteer time off, and our company nonprofit matching gift program, supporting the causes that matter most to you.
• An ownership culture that inspires; join a connected, values-driven workplace where employees take accountability, support one another, and are empowered to do their best work—together shaping our future shared success.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree