Sr Compliance Analyst

JOB SUMMARY

The Senior Compliance Analyst is responsible for managing our corporate compliance programs, including privacy and anti-money laundering (AML); researching and analyzing related legislation and regulations; and drafting and administering related compliance policies and procedures.

ESSENTIAL FUNCTIONS
Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

• Support the development and administer assigned compliance programs to ensure compliance with applicable federal and state regulatory and statutory requirements.
• Review corporate policies, procedures, and processes for compliance with applicable federal and state regulatory and statutory requirements.
• Support the organization’s Privacy Officer as necessary, which includes collaborating cross-functionally with other departments in privacy training, reporting, management, and program enhancement.
• Assist in researching and analyzing statutes, regulations, and case law to communicate trends and action plans to leaders and impacted business units. Assist in researching trade association and department of insurance publications.
• Review the organization’s marketing materials for compliance with applicable laws and file as necessary.
• Partner with the organization’s AML Compliance Officer as necessary.
• Support product development and form and rate filings.
• Prepare and file periodic reports to maintain compliance with various laws. Prepare insurance department reports and may be responsible for corporate reporting.
• Assist with responses to Department of Insurance complaints, grievances, appeals, and consumer complaints.
• Conduct preliminary research into allegations, policy language, and make recommendations to management regarding response to claims, new business, and customer service legal actions and complaints.
• Train, mentor, support, and develop less experienced compliance analysts by providing advice, coaching, and educational opportunities.

Performs other related duties as necessary or assigned.

SUCCESS PROFILE
Knowledge, Skills, and Abilities

• Demonstrate the Wellabe core competencies of change, communication, customer focus, financial acumen, innovation, teamwork, critical thinking, and decision making. For a full description of each competency, please visit wellabe.com/core-competencies.
• Embrace and foster a diverse and inclusive culture that aligns with our commitment to THRIVE Toolkit: We are building resources for employee reference, including a diversity driven book club, leadership training, and a culture of betterment philosophy. Hear: Every employee has a voice. We listen with attention to gain knowledge and to understand. Respect: We empower people by respecting and appreciating their differences. Inclusion: We support a collaborative workforce that promotes belonging and respect that increases participation and contribution from all employees. Value: All employees are appreciated for their uniqueness. Equity: For all.
• Demonstrate an Agile mindset* of trust, teamwork, and transparency and capability to implement agile tools into daily work, allowing for quick adaption to change. (*An agile mindset is the set of attitudes supporting an agile working environment including trust, teamwork, transparency, respect, improvement, ongoing learning, pride in ownership, focus on delivering value, and the ability to adapt to change.)
• Embrace our culture of betterment, which surrounds the question: Does this decision fit with our mission and core values while enhancing the outcome for our customers, our business, and our associates.
• Advanced knowledge of the principles, processes, and practices related to legal and compliance functions.
• Strong verbal and written communication skills with the ability to respond effectively to both internal and external customers.
• Ability to establish effective relationships and gather information needed to meet customer expectations.
• Intermediate knowledge of MS Office Suite (Excel, Word, and PowerPoint).
• Advanced project and people management skills.