Compliance Associate

Location: New York

Job Description

Requisition ID94610

Department Institutional Life Job Function Institutional Life Location New  York,New York,United States Role Location Designation Hybrid - 3 days per week

Job

Requisition  Designation:
Hybrid - 3 days per week Alternate locations:
New York, NY (New York);
Overland Park, KS (Kansas)
Business Unit Overview The Institutional Life (IL) business provides sophisticated life insurance solutions for the Bank-Owned Life Insurance (BOLI), Corporate-Owned Life Insurance (COLI), and Institutional COLI (ICOLI) markets. These solutions are designed to help organizations attract, retain, and reward highly compensated executives and professionals.

Role Overview :

As a Compliance Associate, you will support risk management and compliance initiatives for corporate-owned, bank-owned, and retail life insurance products distributed primarily through third-party brokers. You will partner across the business, and with Compliance, Legal, Risk Management, and other teams to help ensure products, distribution activities, and business processes comply with applicable regulatory requirements, company policies, and industry best practices.

What You’ll Do:

• Conduct operational due diligence of insurance dedicated funds, third-party administrators, and vendors to identify and assess compliance and operational risks.
• Coordinate responses to customer and regulatory inquiries, complaints, audits, examinations, and internal or external reviews, ensuring information is accurate, timely, and complete.
• Support third-party distribution compliance by reviewing producer and servicer licensing, contracts, appointments, compensation schedules, and required annual compliance certifications.
• Assist with updates to prospectuses and private placement memoranda, and ensure required regulatory communications are provided to policy owners accurately and on time.
• Draft risk and compliance reports for senior leaders and control partners, recommend practical improvements to strengthen controls, and monitor responsible use of AI to enhance day-to-day efficiency and effectiveness.

What You’ll Bring :

You bring knowledge of life insurance products, distribution channels, regulatory requirements, corporate governance, internal controls, and risk management principles. You can interpret and apply requirements, identify and escalate potential compliance risks, and develop practical recommendations within established policies and regulations. You communicate complex compliance matters clearly and collaborate effectively with business partners, management, auditors, regulators, brokers, and external clients.

Required Skills:

• Bachelor’s degree in Business or a related field and/or equivalent experience
• 2 - 4 years of relevant experience.
• Demonstrated ability to interpret and apply federal and state insurance and securities laws, rules, and regulations applicable to fixed and variable life insurance products, including private placement products.
• Ability to coordinate responses to complex regulatory, audit, and business inquiries while ensuring accuracy, timeliness, and compliance with applicable requirements.
• Strong written and verbal communication skills and the ability to provide well-supported recommendations to business partners, management, auditors, regulators, brokers, and external clients.
• Series SIE and Series 6 required within one year of employment.

Preferred

Skills:

• Knowledge of corporate-owned, bank-owned, retail, fixed, variable, and private placement life insurance products.
• Understanding of internal controls, corporate governance, risk management principles, and third-party distribution operations.
• Ability to identify control gaps and recommend process improvements based on audit findings, compliance reviews, and periodic assessments.#LI-SV1#LI-HYBRIDPay Transparency Salary Range: $65,000 - $92,500

Overtime eligible:
Exempt Discretionary bonus eligible:
Yes Sales bonus eligible:
No

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus.…