Job Description
The Compliance Director assists the Associate Chief Compliance Officer ("ACCO") in the administration of the Ethics & Compliance Program for the life and annuities business line ("Compliance Program"). The Compliance Director leads managers and/or program leaders responsible for the implementation and monitoring of the Compliance Program, manages the day-to-day operations supporting the Compliance Program, and collaborates with business areas to integrate compliance into business activities. 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 advisory business model. The Compliance Director of Life Insurance and Annuities will collaborate with Service, Underwriting, Operations, Information Management & Technology, Legal, Internal Audit, Human Resources, among others.
We’ve embraced a flexible, hybrid approach to work. Based on your role and personal preference, we empower you to choose where you work best. This model allows you to balance your life and bring your whole self to work.
Responsibilities
- The Compliance Director will be responsible for managing the day-to-day operations of the Ethics & Compliance Program framework and related activities, including:
- Culture of Compliance
- Risk Assessments
- Policies and Procedures
- Training and Communications
- Third Party Management
- Periodic Testing and Monitoring
- Regulatory Inquiries/Exams
- Customer Complaints and Financial Professional Concerns
- Continuous Improvement of the Compliance Program
Specific Responsibilities
- The Compliance Director’s key responsibilities include but are not limited to the following:
- Provides oversight of day-to-day compliance activities
- Provide effective leadership, mentorship, and coaching to direct reports
- Serves as a subject matter compliance expert
- Cultivates strong professional relationships with leadership, external regulators, and business partners
- Serves as the point of contact to business areas, regulators and internal audit staff including coordinating examinations, audits and reviews, document production, and remediation of issues identified
- Maintains expert knowledge and awareness of the relevant regulatory landscape; utilizing deep expertise to lead a team and/or programs, and develops a response to complex compliance related matters
- Reviews regulatory updates and stays abreast of industry news, providing recommendations to enhance Compliance Program activities
- Monitors the effectiveness of the compliance program activities and provides updates to the ACCO
- Leads projects and performs other duties as assigned
Required Skills
- Ability to manage and lead people and programs
- Relationship management and problem solving skills
- Strong knowledge of regulatory environment, including examination/inquiry handling
- Strong verbal and written communication skills
- Project management
- Exceptional organizational and prioritization skills with demonstrated ability to manage competing priorities and complete tasks within or prior to deadline
- Excellent analytical and problem-solving skills, including the ability to disaggregate issues, identify root causes, and recommend solutions
- Proven ability to influence and build consensus among peers and senior leadership leveraging sound logic and analysis
- Ability to work effectively independently and in a collaborative, team-oriented, and fast-paced environment
Experience
- Minimum of 7 years of related work experience in Compliance, or Legal or Audit
- Minimum of 5 years of technical experience
- Minimum of 5 years of experience in life insurance and annuities
- Prior experience in a leadership role
Education Preferred
- Bachelor’s degree in Business, Finance, Accounting, Legal Studies, or an related field
- Advanced degree preferred
Licenses/Professional Designations
- FINRA Series 7, 24, 66/65 and SIE
- Professional designations (ex: CFE)
Base Salary - $125,000 - $160,000
#hp
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.
Penn Mutual is committed to Equal Employment Opportunity (EEO). We provide employment and advancement opportunities to all qualified applicants and associates, according to applicable laws. This is reflected in our practices for hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment, compensation, selection or training, and all other terms and conditions of employment. All employment-related decisions and practices are free from unlawful discrimination. This includes: race, creed, color, national origin, ancestry, citizenship age, gender (including pregnancy), sexual orientation, gender identity or expression, domestic partnership or civil union status, marital status, genetic information, disability, religious observance or practice, liability, veteran status or any other classification protected under applicable law.
