Purpose of Position
This position will work directly with General Counsel and will manage and oversee compliance related functions for Brokers International. The Compliance Officer directs programs, policies, and practices to ensure that all business units are in compliance with rules and regulations. Track changes in regulations that might affect the organizations policies and implement necessary changes.
Provides Support to the Following Positions
Primary Job Duties and Responsibilities
Review and approve advertising and sales material in accordance with established guidelines.
Develops, initiates, maintains, and revises policies and procedures for the general operation of the Compliance Program and its related activities based on regulatory requirements and company policy. Manages day-to-day operation of the Program.
Identifies, analyzes and interpret complex legal, regulatory, and compliance issues. Evaluate situations and provide strategic guidance to internal and external business needs on a variety of complex compliance issues. Consults with General Counsel as needed to resolve difficult legal compliance issues.
Identifies potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future.
Institutes and maintains an effective compliance communication program for the organization, including promoting the understanding of new and existing compliance issues and related policies and procedures.
Responsible for assistance regarding producer complaints.
Perform additional responsibilities as requested or assigned
Internal-All Home Office Personnel
External- Insurance companies, vendors, wholesalers, regulators, producers
Advanced technical knowledge and advanced understanding of life insurance products, life insurance companies and marketing business processes. Knowledge of IMOs is a plus.
Thorough understanding of rules, regulations and legal requirements of state insurance regulations relating to the advertising and marketing of insurance products.
Establish and maintain effective work relationships with internal and external contacts.
Enhance job knowledge and abilities by taking personal responsibility for professional development and training.
Maintain confidentiality of sensitive company information.
Attend work on a regular basis and support the company’s employee policies and procedures, including workplace safety rules.
Overnight travel may be required.
Provide prompt, courteous and excellent services at an acceptable cost to all contacts, operate in an ethical manner in accordance with State and Federal law, the company’s employee handbook, applicable compliance and operations policies and procedures and other policies and procedures of the company. Possess a high degree of integrity and actively cooperate and interact with all entities of Brokers International.
Bachelor’s Degree in Business or related field or equivalent 6 to 8 years applicable work experience.
Product knowledge in Fixed Life Insurance. Knowledge of securities products a plus.
Must possess excellent people skills with ability to develop strong cooperative working relationships while maintaining independence, often requiring significant degree of diplomacy.
Must have strong skills in written and verbal communication, analysis and organization, Analyze data relative to risk and controls, develop conclusions and implement appropriate responses in a timely fashion.
Independent worker and self-starter.
Medical and Dental insurance
401k and company match
Paid Time Off (PTO)
Health and dependent care flex plan