Compliance Specialist

The Director, Aligned Assurance leads the support effort of all audit, compliance, and quality support functions for all companies across the Service organization. This role will ensure that all appropriate regulatory and audit controls are being met in a timely manner along with developing recommendations and remediation strategies as regulatory needs change. This role will also maintain a quality program that supports a best in class service operation and incorporates any regulatory change into the program.

We’ve embraced a flexible, hybrid approach to work. Based on your role and personal preference, we empower you to choose where you work best. This model allows you to balance your life and bring your whole self to work.

Responsibilities

• Leads the development of remediation strategies across all companies for internal audit, internal controls, compliance inquiries, and regulatory findings.
• Partners with Aligned Assurance leaders on monitoring enacted and adopted regulation that affects any service related line of business and works with the appropriate leaders on remediation strategies
• Primary owner of the Continuous Audit Program as it relates to Service findings across all companies
• Manage risk through our quality assurance area to ensure the appropriate controls are in place and being executed upon
• Partners with our Penn Insurance & Annuity of New York Service leaders to ensure we have the appropriate controls in place as it relates to Regulations 60, 187, and SEC Regulation Best Interest and all other applicable regulations
• Leads the business review, submission, and response of data and records to support state market conduct exams
• Monitor enacted legislation and adopted regulations which impact all of Penn Mutual’s lines of business and operations and coordinate plans of action
• Partners with the Compliance Department in identifying areas of risk and makes recommendations on operational improvements, processes for compliance, quality assurance and any additional training essential to mitigate risk.
• Provides leadership oversight for the Unclaimed property function; which includes but is not limited to the Death Master File reconciliation process across all companies

Required Skills

• Ability to work collaboratively in a team environment (High proficiency)
• Excellent organizational and planning skills (High proficiency)
• Possesses strong written, oral, interpersonal and presentation skills. (High proficiency)
• Knowledge of annuity and life insurance products (High proficiency)
• Ability to manage multiple priorities and continue to execute on strategy (High proficiency)
• High level of attention to detail (High proficiency)
• Strategic mindset and the ability to understand our business priorities. (High proficiency)
• Strong ability to manage, lead, and motivate a team (High proficiency)
• Knowledge of New York Insurance Law, including but not limited to Regulations 60, 187, and SEC Regulation Best Interest (Medium proficiency)

Required Experience

• 7-10 Years Financial services industry experience

Education

• Bachelor's Degree In related field or equivalent work experience Required

Penn Mutual helps people become stronger. Our expertly crafted life insurance is vital to long-term financial health and strengthens people’s ability to enjoy every day. Working with our trusted network of financial professionals, we take the long view, building customized solutions for individuals, their families, and their businesses. We support our financial professionals with retirement and investment services through our wholly owned subsidiary, Hornor, Townsend & Kent, LLC, member FINRA/SIPC.

Base Salary Range - $130,000 - $150,000

#hp

• Ability to work collaboratively in a team environment (High proficiency)
• Excellent organizational and planning skills (High proficiency)
• Possesses strong written, oral, interpersonal and presentation skills. (High proficiency)
• Knowledge of annuity and life insurance products (High proficiency)
• Ability to manage multiple priorities and continue to execute on strategy (High proficiency)
• High level of attention to detail (High proficiency)
• Strategic mindset and the ability to understand our business priorities. (High proficiency)
• Strong ability to manage, lead, and motivate a team (High proficiency)
• Knowledge of New York Insurance Law, including but not limited to Regulations 60, 187, and SEC Regulation Best Interest (Medium proficiency)