Regulatory Compliance Specialist

Compliance Specialist (12 - month Hybrid Assignment)

Reporting to the Compliance Manager, the Compliance Specialist will have responsibilities for compliance activities supporting multiple business lines (ABIC, ABLAC, and ASCI). You will conduct distribution oversight activities, and monitor legislative and regulatory developments, regulatory filings and correspondence while researching and analyzing all licensing requirements associated with the business. You will also support the Compliance Administrator with licensing guidance and support on day-to-day licensing functions, facilitate the Compliance’s Outsourcing Arrangement oversight program, and juggle shifting priorities around our compliance training programs, data analytics, Anti-Money Laundering/Anti-Terrorist Financing, marketing/other collateral reviews for applicable business lines. Not only will you be required to ensure all corporate filings and registrations are completed on a timely basis, but you will also be expected to draft policies and procedures, contribute to Compliance Reports to the Chief Agent and senior management, perform market conduct reviews/monitoring, handle records retention inquiries, and help the Senior Compliance Specialist regarding Regulatory Compliance Management risk-based activities. This role is a 12th month contract assignment and will remain as a hybrid opportunity.

What will my duties and responsibilities be in this job?

• Track and analyze customer experience and distributor activity data to identify trends indicative of increased risk.  

• Implement monitoring activities tailored to key Client customer-impacting activities – inform effort by integrating with data analytics to support a risk-based approach.  

• Draft reporting of distribution oversight activities

• Document and communicate legislative and regulatory developments pertinent to the company’s business lines.

• Facilitate the necessary business changes required to comply with legislative and regulatory developments.

• Conduct annual AML/ATF risk assessment, produce draft reports, and oversee gap remediation efforts.

• Create and update policies and procedures as required. 

• Act as a resource for and back-up to the Compliance Administrator on all monthly ATF activities

• Facilitate and provide support for the required bi-annual, independent controls effectiveness audit by Internal Audit Services 

• Conduct investigations and report on identified matches.

• Assist the Senior Director with the reporting of Anti-Money Laundering activities and confirmed Terrorist Property.

• Review outcomes provided daily by third-party monitoring platforms.

• Research and analysis of all licensing requirements.

• Guide, support, and back up the Compliance Administrator with day-to-day licensing functions to ensure compliance.

• Take the lead on interactions with external regulatory staff on licensing matters and escalate areas of concern to the Senior Director

• Work closely with Business/Account Executives to ensure all licensing interactions with Clients run smoothly.   

• Ensure all regulatory and …