Western & Southern Financial Group

Insurance Compliance Spec-Regl

Compliance & Legal
Full Time


Summary of Responsibilities:

Accountable for Western & Southern Financial Group’s (W&SFG) compliance process for reviewing and assessing

new and changes to current, state and federal regulations and National Association of Insurance Commissioners

model rules (NAIC Model Rules), including insurance, privacy, cyber-security, financial exploitation of seniors and

state standards of care regulations (collectively, Regulations) that impact or otherwise apply to W&SFG insurance companies. Work assignments include: (i) reviewing and proposing changes to the current W&SFG compliance process for reviewing and assessing Regulations and related implementation of processes and change management efforts; (ii) monitoring and analyzing Regulations; (iii) leading projects to revise written procedures, systems and forms as necessary for W&SFG insurance companies to comply with Regulation requirements; (iv) communicating Regulations to W&SFG Compliance teams, W&SFG insurance companies and shared service units (SSUs); and (iv) assisting W&SFG Compliance teams, W&SFG insurance companies and SSUs in the implementation of changes to business operations, written procedures and practices necessary to comply with Regulations and management of related compliance risk. The Insurance Compliance Specialist - Regulatory works closely, and communicates directly, with members of W&SFG Compliance, Law, Internal Audit, and W&SFG insurance companies and SSUs to assess, document, communicate and implement Regulation requirements. Identifies regulatory and risk issues and trends presented by high-level Regulation topics that impact W&SFG insurnace companies and SSUs, and escalates to the Compliance Manager, Regulatory Change and Filing or other W&SFG Compliance management in a timely manner and as appropriate. Leads or contributes to applicable projects with W&SFG insurance companies and SSUs in coordination with W&SFG Compliance teams to improve W&SFG insurance companies’ and SSUs’ practices and processes related to Regulation requirements. Communicates applicable issues, including implementation issues, to W&SFG Compliance management as necessary. Works with minimal supervision and is responsible for making an established range of decisions, timely escalating to the Compliance Manager, Regulatory Change and Filing as appropriate, including providing regular updates regarding Regulations and implementation and other related efforts.


Position Responsibilities:

  • Monitors pending legislation, rulemaking, guidance and other industry trends and best practices related to Regulations to ensure that W&SFG has information necessary for W&SFG insurance companies and SSUs to comply with applicable Regulation requirements and best practices.

  • Gathers, analyzes and assesses Regulations.

  • Communicates with applicable W&SFG trade groups and vendors pertaining to Regulations.

  • Communicates with members of Compliance, Law, Internal Audit and W&SFG insurance companies and SSUs in an efficient and effective manner so that changes to business operations and practices are effectively implemented by W&SFG insurance companies and SSUs.

  • Advises W&SFG insurance companies and SSUs on best practices relating to Regulations. 

  • Leads projects to revise procedures, processes and systems, as necessary, so that W&SFG insurance companies and SSUs can efficiently and effectively comply with Regulation requirements.  Leverages W&SFG Compliance and Law expertise to partner with W&SFG insurance companies and SSUs to maintain compliance with Regulations.

  • In collaboration with other W&SFG Compliance teams, designs processes, monitoring and oversight controls to oversee the activities of W&SFG insurance companies’ and SSUs’ compliance with Regulations.

  • Advises W&SFG insurance companies and SSUs regarding regulatory implications of business decisions and assists in compliance with Regulation requirements as appropriate.

  • Acts as a key contact between Internal Audit and W&SFG Compliance relating to Regulations by leveraging experiences and relationships to further enhance joint engagements as appropriate.

  • Provides information pertaining to new and changes to current broker-dealer, investment adviser andinvestment company regulations and self-regulatory regulations to applicable W&SFG Compliance teams.

  • Document potential changes in regulatory landscape using knowledge of W&SFG operations and systems.

  • Performs other duties as assigned by management.


Selection Criteria:

  • Demonstrated knowledge of state insurance laws and regulations, knowledge of federal securities and other laws and regulations preferred.

  • Proven ability to accurately interpret and apply applicable laws, regulations and policies.

  • Demonstrated knowledge of the life insurance industry, including products, distribution channels and advance understanding of regulations and regulatory environments.

  • Proven experience conducting compliance assessments of compliance and regulatory risk.

  • Demonstrated experience coordinating multiple assignments simultaneously and completing assigned tasks accurately and on a timely basis. Possesses strong attention to detail with excellent organization skills.

  • Proven project leadership experience, including proven experience successfully planning, executing and maintaining a project from start to finish.

  • Demonstrated excellent verbal and written communication and presentation skills, and interpersonal and collaborative skills with experience conveying information to internal customers at all levels in a clear, accurate, focused and concise manner. Verbal and written communications are to conform to proper rules of punctuation, grammar, diction and style.

  • Proven strong quantitative and analytical skills, including demonstrated experience identifying, defining and resolving issues and collecting or interpreting data to establish facts and draw valid conclusions to provide effective resolution of those issues.

  • Demonstrated experience of sound decision-making and critical thinking skills when dealing with multiple alternatives and choices. Must demonstrate the ability to conceptualize and apply new methodologies.

  • Proven ability to maintain a calm and professional demeanor when handling stressful situations, including pressure associated with volume workloads, meeting deadlines and target dates.

Work Setting:

  • This position works in an office setting and remains in a stationary position for long periods of time while working at a desk, on a computer or with other standard office equipment, or while in meetings.

  • Requires visual acuity to read a variety of correspondence, reports and forms, and to prepare and analyze data in an accurate, neat and thorough manner.

Educational Requirements:

  • Bachelor’s degree or comparable industry experience.

  • Advanced degree (JD or MBA) preferred but not required.

Computer Skills and Knowledge of Hardware & Software Required:

  • Working knowledge of word processing, spreadsheet, database, presentation software and email applications.

Certifications & Licenses (i.e., Series 6 & 63, CPA, etc.):

  • Associate, Insurance Regulatory and Compliance (AIRC) designation or must obtain within 18 months of hire.

Position Demands:

  • Extended hours required during peak workloads or special projects.

  • 5 – 10% travel may be required annually.


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