Sr Director, Insurance Compliance

Job Family

Regulatory Compliance

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment - one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.

Today, we're part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what's important to them.

We're empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good - for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What We Do

Transamerica is organized into three distinct businesses. These include
1) World Financial Group, including Transamerica Financial Advisors,
2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and
3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.

Transamerica employs nearly 7,000 people. It's part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.
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Job Description Summary

Conduct compliance activities in support of Transamerica's life, annuity, supplemental health, voluntary benefits and LTCI (closed block) products. Primary responsibilities are to identify and communicate compliance requirements related to Transamerica's insurance products and services and represent Compliance at meetings with senior members of the business. Provide oversight, leadership, and strategic direction to meet regulatory obligations, mitigate compliance risk, and foster a culture of ethics and accountability.

Job Description

Responsibilities:

* Work with the Head of Insurance Compliance on the design and implementation of the insurance compliance program, and in creating management reporting that communicates the insurance compliance program in a clear, concise and structured manner.

* Lead insurance compliance teams handling regulatory change management, state reporting, compliance testing, exam management, or resolution of operational compliance issues.

* Drive and oversee continuous improvement of team performance by tracking KPIs, recommending enhancements to core processes, and helping implement tools or solutions that improve workflow efficiency.

* Ensure the company complies with applicable federal, state, and local insurance laws and regulations, including those enforced by state departments of insurance, and other regulatory bodies.

* Lead the annual compliance risk assessment process and oversee and evaluate compliance monitoring and testing activities performed by the Insurance Compliance Department and first line functions.

* Create and maintain strong business and legal relationships, build trust, and cultivate collaboration and represent the company on industry committees regarding various regulatory issues.

* Identify, escalate and consult on problems and issues across the insurance company and develop strategic solutions to address the business and/or regulatory needs.

* Monitor and provide visibility into new and emerging regulatory changes identified and communicated by the Insurance Compliance Department.

* Develop, maintain, and update Compliance policies and procedures.

Qualifications:

* Bachelor's degree or equivalent experience

* 12 years of insurance compliance experience

* Eight years of experience managing teams

* Advanced understanding of insurance laws and their impact on insurance products and operations

* Experience working with life and annuity products

* Strong influential leadership skills

* Excellent interpersonal and written/verbal communication skills

* Capacity to prioritize competing demands across large‑scale and complex initiatives

* Aptitude with technology and…