Address
Form of workThe Compliance Specialist assists the Compliance Manager with the implementation of the Life and Annuities Compliance Program. The purpose of our Compliance Program is to comply with laws and regulations, as well as our internal policies and procedures designed to prevent, detect, and correct any violation of laws, regulations, or policies. Our Compliance Program is dynamic, and we periodically review the Compliance Program to provide assurance that it remains current with applicable laws and regulations and relevant to our business model.
Principal Responsibilities
Support the design, development, implementation and monitoring of Life and Annuities Compliance Program. Specific activities may include:
· Leads specialized compliance projects from inception to completion and communicates progress with the Compliance Manager.
· Develops and maintains compliance educational materials through partnership with subject matter experts (i.e., annual compliance education, Ethics & Compliance intranet site, etc.).
· Partners with business areas to assist with the creation of business procedures providing guidance and support, as needed.
· Responsible for monitoring and maintaining Compliance policies and procedures on an on-going basis.
· Assists with regulatory exams and inquiries, coordinating the production of materials and creating related documentation demonstrating Company practices.
· Conducts risk-based compliance testing and monitoring of multiple areas of the company’s business, including Sales, Underwriting, Claims, and Servicing.
· Responsible for assisting with the facilitation of ongoing oversight processes supporting Ethics & Compliance third party vendors.
· Assists the Compliance Manager in managing required state filings including annual Market Conduct Annual Surveys.
· Assists with updating risk assessments in accordance with the company's risk assessment process to identify deficiencies and testing needs.
· Participates in compliance oversight efforts and projects across the company.
· Maintains a broad working knowledge and awareness of the industry and regulatory and/or policy changes with potential impact on compliance monitoring or reporting.
· Complies with all company and site policies and procedures.
· Successfully completes regulatory and job training requirements.
· Be a constant learner, active listener; and demonstrates initiative and creativity in independently recommending and implementing solutions to compliance related matters to the Compliance Manager.
· Maintains a broad working knowledge and awareness of the industry and regulatory and/or policy changes with potential impact on compliance monitoring or reporting.
· Develops, maintains, and broadens effective working relationships with business partners.
· Handles multiple assignments simultaneously from conception through execution and implementation of recommendations.
· Participates in special projects and performs other duties as assigned.
Required Skills
- Excellent analytical and problem-solving skills, including the ability to disaggregate issues, identify root causes, and recommend solutions
- Ability to manage various assignments and efforts simultaneously
- Ability to build effective business relationships, at all levels
- Ability to work effectively in a collaborative, team-oriented, and fast-paced environment
- Dedicated attention to detail, consistency, and thoroughness
- Ability to create, document and monitor processes
- Ability to work independently and in team assignments
- Excellent prioritization and time management skills
Required Experience
· Bachelor’s degree in Business, Legal Studies, or related field
- Project Management experience
- Compliance or audit experience
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: $73,000 -$90,000
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- Excellent analytical and problem-solving skills, including the ability to disaggregate issues, identify root causes, and recommend solutions
- Ability to manage various assignments and efforts simultaneously
- Ability to build effective business relationships, at all levels
- Ability to work effectively in a collaborative, team-oriented, and fast-paced environment
- Dedicated attention to detail, consistency, and thoroughness
- Ability to create, document and monitor processes
- Ability to work independently and in team assignments
- Excellent prioritization and time management skills
