Compliance Analyst - Advertising Review

Summary of Job Responsibilities:

The following duties cover what are generally believed to be principal and essential functions of the job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.
1. Reviews, redesigns and approves all advertisements, sales literature and related marketing materials to ensure compliance with all applicable SEC, NASD, state insurance department rules and regulations.

2. Provides recommendations to management staff and other areas concerning compliance and regulatory issues regarding advertisements, sales literature and related marketing materials. As needed, consults with members of OGC, or other staff/line operations.

3. Assists compliance management in ensuring day-to day operations are conducted in compliance with regulatory and legal requirements and the organization's policies. Prepares documentation and provides requested information to regulatory agencies.

4. Monitors, reviews, analyzes and interprets changes in securities regulations impacting the products and procedures of assigned product and/or functional area.

5. Researches a broad and complex range of federal/SEC/NASD/MSRB/state regulations and laws to determine applicability to audits, compliance implementation efforts, trading activities, securities licensing, etc.

6. Advises multiple support/business areas and/or subsidiary areas of compliance implications related to existing procedures, changes in policies and related forms. Responds to questions relating to regulatory requirements; refers more complex question to senior level staff.

7. Prepares monthly and special reports regarding production and operational status.

8. Maintains related regulatory records for accurate information on various procedures and approvals. Maintains internal databases.

9. Attends professional and/or industry associate meeting, seminars and continued education programs. Maintains currency in compliance, regulatory requirements and firm procedures.

10. May present/participate in Annual Compliance Meeting and other forms of compliance presentations and training.

11. Has limited interaction with regulatory agencies, sales force and customers. Interaction with regulators due to exams, investigations, subpoenas, etc. are lead by senior compliance staff.

12. Participates on new business or new product development committees to advise of the compliance impact of planned actions when requested to do so by senior management.

13. Works with management to develop corrective actions for the more complex compliance problems under direct supervision of senior compliance staff.

14. Files sales literature and advertising with NASD/state insurance departments, as required.

15. Performs other job duties as assigned.
REQUIREMENTS
Summary of Job Requirements:
Hold NASD Series 7 and 24 or must obtain both registrations with 120 days of hire. If the candidate currently holds a Series 7 registration, then the Series 24 registration must be obtained within 90 days of hire. NOTE: Candidates must obtain the required Federal and/or state licenses/registrations within the time period designated. Additional licenses/registrations may be required when new products and services are implemented. If an associate fails or is unable to obtain required licenses/registrations within the time period designated, the associate will be ineligible to continue in the position.

Education:
Undergraduate studies in business administration, accounting, finance, insurance or pre-law. Completion of coursework in securities, finance, retirement plans, property/casualty insurance or related industry designations (e.g., CLU, CEBS, ChFC, FLMI, CPCU, IIA) preferred. Special licensing, such as NASD or Notary, may be required for certain products.

Experience:
Typically, one or more years of related compliance work experience in a securities firm, financial services company, or similar industry.

Knowledge:
*Proven knowledge of insurance and/or financial services concepts, principles and practices; and application of laws and regulation.

*Prior advertising review/marketing experience preferred.

*Detailed knowledge of securities and insurance laws and regulations and various financial services products and distribution channels

*Prior audit and testing experience relating to internal controls and identification of risk.

Skills:
* Ability to analyze insurance laws and securities regulations to create new or revised policies and procedures.

* Recommend solutions to compliance problems.

*Good verbal and written communication skills for interaction with regulatory agencies, to produce written analyses, and to advise business units and other support areas on regulatory requirements and changes.

*Strong ability to operate a personal computer with related business, product and research software

* Ability to interpret and analyze statues, regulations, legislation and other related documents and activities.

*Detailed research skills.

*Ability to deal with ambiguity, and deal with highly sensitive/confidential information.

* Ability to evaluate and recommend solutions to a wide range of compliance issues.

*Ability to navigate regulatory web sites (NASD, SEC, state insurance departments).

*Project and time management skills.

* Ability to function in a team or project environment.

Working Conditions/Physical Requirements:
Normal office environment with some travel; nonstandard work hours may be required due to pending compliance issues and project work.

ADA:The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.

Credit Check: Due to the fiduciary accountabilities within this job, a valid credit check and/or background check will be required as part of the selection process