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Form of workTITLE: Life & Annuity Compliance Intern
POSITION SUMMARY:
Do you love to read, write, analyze, and research? If so, come join one of America’s fastest growing insurance companies. At National Life Group (“NLG”), we are looking for talented individuals who would like to explore a potential career in Compliance. Compliance is one of the key support beams to an organization’s infrastructure and the team’s vision and mission focuses on partnerships and collaborations through an ethical risk-based approach. This position will provide the candidate with a broad understanding and firsthand exposure of all aspects of compliance matters, provide an opportunity to collaborate with the legal department, and offer an understanding of the financial services industry, with a specific focus on life insurance and Annuity products.
The Life & Annuity Compliance Intern may work with each of the four teams and tailor the experience to align with the candidate’s interests, objectives, and individual qualifications:
- Advertising Guidance: This team is responsible for reviewing all advertising, & sales materials, and social media posts created by the company and for a certain subset of individuals who sell our products. This includes training pieces, marketing pieces and websites.
- Antifraud & Special Investigation Unit (“SIU”): This team helps establish fraud controls within the organization to help protect our customers, our agents, and NLG. This team also investigates fraud referrals, monitors the anti-money laundering program, and monitors and maintains the Office of Foreign Assets Control (OFAC) sanction lists.
- Regulatory Guidance: This team keeps on eye on the legislative horizon – what changes to laws may impact NLG and how we do business. This team also handles market conduct exams, privacy, providing reports to regulators, and reviewing business processes for compliance with established regulations.
- Sales Practice Guidance: This team is responsible for investigating and responding to all formal complaints, investigating non-fraud agent matters, overseeing sales practice monitoring, and assisting in interpreting regulations and other general compliance related activities.
RESPONSIBILITIES:
In this role, you will be an integral part of our team and be incorporated into one of the functional teams for day-to-day operations. As indicated, the specific responsibilities for this position will be tailored to the candidate; however, you can expect to provide overall assistance and support to the daily responsibilities of L&A Compliance, including the Chief Compliance Officer.
QUALIFICATIONS and HOW YOU SHOW UP:
- This role may be most appealing to candidates who are pursuing a degree in English, Political Science, Economics, Criminal Justice, Law, History, Finance, Marketing/Communications, or Business
- Must be proficient in the Microsoft Office Suite
- Ability to provide exceptional customer service, to both internal and external customers, through empathy, listening, and understanding client needs.
- Ability to question existing processes and procedures to constantly improve and simplify the way our clients interact with us.
- Ability to work with minimal supervision to meet established service levels and timely escalate any concerns.
- Effectively work in a team environment, closely collaborating with business partners.
- Demonstrate tact and professionalism and the ability to interact at all levels of management.
- Ability to understand, interpret and communicate straightforward subject matters with guidance as needed from more experienced team members.
- Excellent written and verbal communication skills.
- Ability to work in a fast-paced environment, with a high degree of accuracy.
- Ability to maintain confidentiality on sensitive matters.
- Strong organizational, time management, qualitative, and analytical skills.
PROGRAM HIGHLIGHTS:
- 10-week paid internship (June 3 – Aug 9) with formal orientation and onboarding
- Networking opportunities with peers and leaders throughout the summer
- Cross-Departmental group project focused on an enterprise-wide solution presented at a company-wide event
- Presentation skills coaching sessions
- Learning opportunities throughout the program
- Access to mentors (former program participants)
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The starting rate listed is just one component of our total compensation package for employees. Other rewards may include an annual bonus, quarterly bonuses, commissions, and other long-term incentive compensation, depending on the position. National Life offers a competitive total rewards package which includes: a 401(k) retirement plan match; medical, dental, and vision insurance; a company funded wellness account for director and below employees; 10 paid holidays; a generous paid time off plan (22 days of combined time-off for non-exempt employees and exempt employees have discretion in managing their time, including scheduling time off in the normal course of business, but in no event will exempt employees receive less sick time than required by state or local law); 6 weeks of paid parental leave; and 6 weeks of paid family leave after a year of full-time employmentNational Life Group® is a trade name of National Life Insurance Company, Montpelier, VT – founded in 1848, Life Insurance Company of the Southwest, Addison, TX – chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group.Fortune 1000 status is based on the consolidated financial results of all National Life Group companies. National Life Group1 National Life DrMontpelier, VT 05604Social Media Policy Site Disclosure and Privacy Policy
