Senior Regulatory Compliance Analyst - Retirement Services - Hybrid

Overview

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. Transamerica is organized into three distinct businesses and employs thousands of people worldwide. We provide insurance, retirement, and investment solutions to help people plan for the best life possible.

Job Description

Summary:

Supports Transamerica’s retirement compliance program for record-keeping and fiduciary administration services provided to qualified retirement plan clients. Helps mitigate legal exposure and risk by enforcing company policies, procedures, and regulatory requirements. Applies broad knowledge of business and regulatory concepts and works with minimal instruction; performs more complex assignments with limited direction.

• Perform risk-based independent compliance testing for the record-keeping and fiduciary administration affiliates.
• Maintain and update assigned compliance risk assessments as part of the team’s annual compliance monitoring plan.
• Monitor federal/state laws and regulations, rulings, notices, and guidance relevant to qualified retirement plan administration and record-keeping services; advise senior leadership of impact to current processes.
• Evaluate process workflows to identify potential risks and assess the effectiveness of controls.
• Act as a trusted advisor regarding best practices and remediation of regulatory compliance concerns.
• Contribute to the development of new or enhanced compliance programs and enterprise-wide initiatives.
• Update and maintain complete and accurate compliance logs or files.
• Assist team members with research and assigned tasks; create and present compliance training as necessary.
• May assist management with highly complex projects and coaching/development of staff.
• Maintain open communication with business process owners on testing scope, objectives, and progress.
• Coordinate and conduct meetings with owners and staff to gather data and documentation for testing.
• Propose testing scope, review internal controls, and compare records and practices with test attributes.
• Document tests and findings; assess internal controls and coordinate corrective action plans.
• Draft compliance reports and present findings to business process owners and senior management.
• Participate in periodic risk assessment, annual testing plans, and design of testing programs.

• Bachelor’s degree or equivalent education and experience.
• Four years of qualified retirement plan administration experience.
• Working knowledge of ERISA/DOL/IRS regulatory and qualification requirements for retirement plans (single employer and MEP/PEP), EPCRS guidance, and plan/participant reporting.
• Strong written and verbal communication skills; ability to present complex information to non-technical audiences.
• Analytical and research skills; proficiency with MS Office tools.

• Industry certifications preferred (e.g., QPA, QKA, QKC).

• Hybrid working environment:
  Baltimore, Cedar Rapids, Philadelphia, Denver.

• The salary generally ranges between $82,000 and $90,000 annually. Salary is a good faith estimate and may vary based on qualifications, experience, geography, work location, and operational needs. This position is typically eligible for an annual bonus at the company’s discretion.

• Applicants must possess legal authorization to work in the U.S. without immigration sponsorship. This role is not eligible for immigration-related sponsorship.