Compliance Product Officer Insurance And Annuities

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Compliance Product Officer – Insurance and Annuities
The candidate will be responsible for assisting with internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and design and deliver a risk management framework that maintains risk levels within the firm's risk appetite and protect the franchise. Engaging with the ICRM Product and Function coverage teams, in order to partner to develop and apply CRM program solutions that meet the function/business/product and customer needs in a manner consistent with the firm program framework. Monitoring compliance risk behaviors and providing day-to-day Compliance advice relating to the firm U.S. Retail Wealth Management and guidance on function/business/product rules/laws and interpretation on internal policies and procedures, specific to insurance and annuities. Assisting in the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM. Providing guidance on rules and regulations relating to function/business/product operational issues, as well as, interpretation of internal compliance policies. Assisting with regulatory inquiries and/or examinations. Collaborating with other internal areas including: Legal, Business Management, Operations, Technology, Finance, other Control Functions, and In-Business Risk to address compliance issues which may impact the supported function/business/product. Advising ICRM and function/business/ personnel on compliance issues and provide credible challenge. Supporting the function/business/product in performing timely compliance reviews of new products. Assisting in the development and administration of Compliance training for the supported function/business/product. Researching any new rules and rule changes and implementing policies, procedures or other controls necessary to comply with the rules. Participating in the development and execution of a strong and consistent ICRM risk-based monitoring program for activities conducted by the firm U.S. Retail Wealth Management. Preparing, editing and maintaining Compliance program related materials such as the creation of Management Information and regular reporting of monitoring results to ICRM and the Business. Additional duties as assigned. Bachelor’s degree or equivalent experience in insurance and annuity compliance, legal or other control-related function in the financial services firm, in-business control role, regulatory organization, or legal/consulting firm, or a combination thereof; strong working knowledge of function/business/product supported and the related operations and financial is required. MBA or JD is a plus.

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