Compliance Specialist – Monitoring - Western & Southern Financial Group

Overview:Supports the Western & Southern Financial Group (W&SFG) insurance companies in meeting insurance and certain federal regulatory compliance requirements. Provides support to Business Units (BUs) and Shared Services Units (SSUs) on regulatory requirements. Maintains accurate records related to compliance reviews. Interacts with regulatory agencies or industry groups, as needed. Works on general compliance projects and strategic initiatives as assigned. Works with limited supervision, handles multiple priorities, and is responsible for making an established range of decisions, escalating issues to management when necessary and updating management on a regular basis.Responsibilities:What you will do:

• Conducts regular monitoring and oversight to identify and remediate potential risks.
• Performs compliance reviews/remediation project in a timely, efficient, and professional manner. Prepares workpapers that accurately document testing results and overall adherence to regulatory requirements. Identifies practical recommendations for improvements.
• Leads crossfunctional projects to ensure compliance with regulatory requirements and remediate areas of non-compliance.
• Researches insurance regulations and laws and analyzes and interprets regulatory compliance requirements. Updates procedures and processes in response to regulatory changes as appropriate.
• Assists in communicating to impacted BUs and SSUs compliance requirements, regulatory changes and regulatory actions. Advises BUs and SSUs regarding regulatory implications of business decisions and the implementation of controls to mitigate risk.
• Assists in the performance of periodic regulatory risk assessments to ensure risks are adequately mitigated and controls are operating effectively.
• Establishes and maintains a working knowledge of insurance products, legal and regulatory requirements, and business forms and processes. Stays abreast of industry and compliance trends.
• Facilitate the preparation and filing of annual reports.
• Develops and maintains guidelines, manuals and processes.
• Responds to inquiries from associates and management concerning applicable function.
• Performs other duties as assigned
• Complies with all policies and standards

Qualifications:

• Bachelor's Degree or equivalent experience. (Required)
• 4-6 years related experience (Required) and
• Demonstrated experience working effectively independently and within a team environment. (Required)
• Proficient in the use of Microsoft Office (Word, Excel, Access).
• Demonstrated knowledge of the life insurance industry, including product types, and state insurance laws and regulations.
• Proven ability to accurately interpret and apply applicable laws, regulations and policies.
• Proven experience conducting compliance assessments of compliance and regulatory risk.
• Proven experience coordinating multiple assignments simultaneously and completing assigned tasks accurately and on a timely basis. Possesses strong attention to detail with excellent organization skills.
• Demonstrated project leadership experience, including proven experience successfully planning, executing and maintaining a project from start to finish.
• Proven strong verbal and written communication and presentation skills and interpersonal and collaborative skills with experience conveying information to internal customers at all levels in a clear, accurate, focused and concise manner. Verbal and written communications are to conform to proper rules of punctuation, grammar, diction and style.
• Proven strong quantitative and analytical skills, including proven experience identifying, defining and resolving issues and collecting or interpreting data to establish facts and draw valid conclusions to provide effective resolution of those issues.
• Demonstrated experience applying sound decision-making and critical thinking skills when dealing with multiple alternatives and choices. Must demonstrate the ability to conceptualize and apply new methodologies.
• Proven ability to maintain a calm and professional demeanor when handling stressful situations, including pressure associated with volume workloads, meeting deadlines and target dates.
• Proven work experience directing others to initiate a recommended course of action to solve a problem and/or increase efficiency.
• LOMA - Associate, Insurance Regulatory and Compliance (AIRC) designation. within 1-1/2 Yrs (Required)
• Other LOMA designations (ALMI, FLMI). Upon Hire (Preferred)

Work Setting/Position Demands:

• Works in an office setting and remains in a stationary position for long periods of time while working at a desk, on a computer or with other standard office equipment, or while in meetings.
• Requires the ability to verbally communicate and exchange accurate information to customers and associates on a regular basis.
• Requires visual acuity to read and interpret a variety of correspondence, procedures, reports and forms via paper and electronic documents, visual inspection involving small defects; small parts, and/or operation of machinery (including inspection); using measurement devices continuously. Visual acuity is required to determine accuracy, neatness, and thoroughness of work assigned.
• Requires the ability to prepare written correspondence, reports and forms using prescribed formats and conforming to rules of punctuation, grammar, diction, and style on a regular basis.
• Requires the ability to apply principles of logical thinking to define problems, collect data, establish facts, and draw valid conclusions
• Performs substantial movement of wrists, hands, and fingers for continuous computer work.
• Extended hours required during peak workloads or special projects/events.

Travel Requirements:

• 5% travel may be required annually.