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The Senior Director of Compliance will oversee and coordinate compliance advice, oversight and activities relating to the Protection and Retirement Divisions. The Senior Directo will be responsible for ensuring that our product development, distribution and operational activities comply with all applicable laws, regulations, and internal policies. This role involves helping business leaders develop and implement compliance programs and providing advice on new and existing laws and guidance on regulatory matters.
Primary job functions
- Assist the VP, Compliance develop and implement a comprehensive compliance strategy for the Protection and Retirement Divisions that aligns with the company's goals and regulatory requirements
- Review and sign off on new products using established Legal/Compliance guidelines
- Responsible for training and development of full-time Compliance staff to ensure Compliance objectives of the Divisions are carried out successfully
- Supervisory accountability for state market conduct examinations in coordination with Corporate Compliance and assist in crafting mandatory responses to market conduct examiners
- Accountable for supervision of all testing and market conduct remediation carried out by the Compliance staff; attend applicable internal product development meetings to advise and support the creation of specifications for new products
- Review and interpret state and federal statutes, regulations and regulatory guidance to determine impacts to the Divisions; partner with those responsible to ensure they understand regulatory requirements and assist in development of reasonably designed processes and procedures and ensure proper tracking/oversight mechanisms are in place to ensure successful compliance
- Identify and investigate potential agent market conduct problems and report findings to the
- Agent Review Committee
- Develop, implement and maintain compliance programs and policies to ensure adherence to regulatory requirements
- Investigate and resolve compliance issues
- Oversee the Company Suitability Program
- Provide compliance support for marketing and sales initiatives
- Maintain a strong and collaborative relationship with teams critical to supporting the business, and Protective's Compliance and Legal departments
- Participate in pre and post-acquisition activity which can include on-site due diligence of compliance initiatives to ensure a smooth transition
- Other duties as assigned.
Work Experience, Education, Certification / Training Required:
- Bachelor's degree in Business, Finance, Law, or a related field, JD strongly preferred. FINRA Series 6, 7 or 24 a plus
- A minimum of 7-10 years experience working with life insurance and annuities. Good working knowledge of annuities, universal life insurance and variable universal life insurance strongly preferred.
- Experience with periodic testing and reporting of operation activities
- Experience with implementing procedural enhancements
Knowledge, Skills and Abilities Required:
- Proficient in Microsoft Office including: Excel and Word. Experience working with various databases.
- Self starter with the ability to multi task in a fast paced environment
- Excellent written and verbal communication skills
- Strong analytical and problem-solving skills.
- Ability to work independently and as part of a team
Protective's targeted salary range for this position is $121,500 to $135,000. Actual salaries may vary depending on factors, including but not limited to, job location, skills, and experience. The range listed is just one component of Protective's total compensation package for employees.
This position also offers additional incentive opportunities [through an annual incentive based on individual and Company performance] OR [through cash compensation as part of a sales incentive plan (SIP).
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Protective Life Insurance Company
life insurance
Feb 27, 2025