Sr Director, Insurance Compliance

Transamerica•Cedar Rapids, IA

1d•Hybrid

About The Position

Conduct compliance activities in support of Transamerica’s life, annuity, supplemental health, voluntary benefits and LTCI (closed block) products. Primary responsibilities are to identify and communicate compliance requirements related to Transamerica’s insurance products and services and represent Compliance at meetings with senior members of the business. Provide oversight, leadership, and strategic direction to meet regulatory obligations, mitigate compliance risk, and foster a culture of ethics and accountability.

Requirements

Bachelor's degree or equivalent experience
12 years of insurance compliance experience
Eight years of experience managing teams
Advanced understanding of insurance laws and their impact on insurance products and operations
Experience working with life and annuity products
Strong influential leadership skills
Excellent interpersonal and written/verbal communication skills
Capacity to prioritize competing demands across large‑scale and complex initiatives
Aptitude with technology and compliance operations

Nice To Haves

Master’s degree or JD
FINRA Series 6/26 and/or 7/24 licenses

Responsibilities

Work with the Head of Insurance Compliance on the design and implementation of the insurance compliance program, and in creating management reporting that communicates the insurance compliance program in a clear, concise and structured manner.
Lead insurance compliance teams handling regulatory change management, state reporting, compliance testing, exam management, or resolution of operational compliance issues.
Drive and oversee continuous improvement of team performance by tracking KPIs, recommending enhancements to core processes, and helping implement tools or solutions that improve workflow efficiency.
Ensure the company complies with applicable federal, state, and local insurance laws and regulations, including those enforced by state departments of insurance, and other regulatory bodies.
Lead the annual compliance risk assessment process and oversee and evaluate compliance monitoring and testing activities performed by the Insurance Compliance Department and first line functions.
Create and maintain strong business and legal relationships, build trust, and cultivate collaboration and represent the company on industry committees regarding various regulatory issues.
Identify, escalate and consult on problems and issues across the insurance company and develop strategic solutions to address the business and/or regulatory needs.
Monitor and provide visibility into new and emerging regulatory changes identified and communicated by the Insurance Compliance Department.
Develop, maintain, and update Compliance policies and procedures.

Benefits

Competitive Pay
Bonus for Eligible Employees
Benefits Package
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs