Senior Regulatory Associate (Hybrid - Birmingham, Al)

Position Overview

• Location Type: [Not Specified]
• Job Type: Full Time
• Salary: [Not Specified]

The work we do has an impact on millions of lives, and you can be a part of it. We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most.

The role involves serving as the compliance representative for the P & R Compliance Department and assisting the VP of Compliance in their functions. This position acts as a compliance consultant for complex compliance-related inquiries, provides consultation regarding business processes, operations, and complaints, and is responsible for maintaining the company’s 38a-1 program. The role also provides compliance support for variable product lines and acts as the compliance lead for the implementation of complex regulations and business initiatives.

Responsibilities

• Review and analyze research requests.
• Monitor and analyze regulatory activity and advise management of items that are impactful to the company.
• Manage compliance implementation of new process requirements.
• Provide compliance support for operations, including but not limited to:
  • Process Reviews
  • Legal Research Requests
  • Electronic Transaction Compliance
  • Quarterly Statements
  • Mailroom Exceptions
• Manage the company’s 38a-1 program:
  • Maintain 38a-1 Legal Inventory
  • Create and Maintain 38a-1 Policy Level Documents
  • Periodic Review of Written Supervisory Procedures
  • Map Rules to Business Activities and Documented Policies and Procedures
  • Perform Risk Assessment of Impacted Business Areas
  • Training and Awareness
• Provide compliance support for variable product lines of business, including but not limited to:
  • Monitor and interpret regulatory developments (SEC, FINRA, NAIC, state insurance departments) affecting variable life and annuity products.
  • Develop and implement compliance policies and procedures to ensure adherence to applicable laws and regulations.
  • Conduct risk assessments and oversee remediation plans for compliance gaps.
  • Collaborate with product development and marketing teams to ensure compliant product design and promotion.
  • Serve as a subject matter expert on variable products and annuity compliance.

Requirements

• Education: Bachelor’s degree in Business, Finance, Law, or a related field.
• Preferred Qualifications: JD and FINRA license.
• Experience:
  • A minimum of 5-7 years of experience working with life insurance and annuities.
  • Good working knowledge of annuities, universal life insurance, and variable universal life insurance is strongly preferred.
  • Experience with periodic testing and reporting of operational activities.
  • Experience with implementing procedural enhancements.
• Knowledge: [Specific knowledge areas not fully detailed in the provided text, but implied to be regulatory compliance, life insurance, and annuities.]