Senior Associate, Compliance

Job not on LinkedIn

🔥 10 minutes ago

🦀 Maryland – Remote

🦀 Maryland – Remote

💵 $60k - $72k / year

⏰ Full Time

🟠 Senior

🚔 Compliance

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The Baltimore Life Insurance Company

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 1882

⚕️ Healthcare Insurance

💸 Finance

🛡️ Insurance

Healthcare Insurance • Finance • Insurance

The Baltimore Life Insurance Company is a provider of various insurance products including life insurance, retirement planning, and long-term care solutions. Based in Owings Mills, MD, the company aims to offer financial security and support for individuals and families during critical life events. They also facilitate workplace insurance services and provide resources for financial planning and needs analysis to assist clients in determining their insurance coverage.

📋 Description

• Interpret and communicate the impact of new laws and regulations • Participate in industry associations to stay informed about insurance marketplace changes, network, and maintain awareness of best practices • Integrate compliance responsibilities across functional areas • Develop, implement, and maintain market conduct and compliance policies and procedures • Monitor compliance with regulatory software and regular compliance audits • Work with regulatory agencies during inquiries, examinations, and investigations • Communicate market conduct and compliance policies to relevant company areas and project teams • Monitor organizational practices for compliance with procedures • Report current market conduct activities to senior management • Complete audits, document findings, communicate results, and partner with business areas on improvements • Conduct agent investigations and agent appointment reviews • Review potential AML transactions and take appropriate action • Establish initiatives to monitor and improve persistency, quality, and customer satisfaction • Support the general counsel and assistant general counsel with required information and documentation • Serve as a liaison between the general counsel and functional areas as needed • Conduct regulatory research and prepare conclusions capturing legal and regulatory requirements • Assist with product compliance initiatives as requested by management

🎯 Requirements

• BA or BS in Business or equivalent work experience required • 5+ years of insurance industry experience • 5 years in compliance-related work preferred • Graduate degree such as a JD preferred • Advanced industry designations such as CLU or FLMI preferred • Thorough knowledge of the insurance business and industry • Knowledge of company products, policies, and procedures • Outstanding organization and communication ability • Ability to work extremely well under pressure • Professional demeanor and high integrity and credibility • Ability to maintain confidentiality with senior management matters • Ability to interpret laws and regulations and conduct regulatory research • Ability to conduct audits, investigations, and agent appointment reviews • Knowledge of AML transactions and appropriate responses • Ability to exercise sound judgment and handle difficult issues tactfully but firmly