Senior Compliance Analyst - Due Diligence

Job Description

The Senior Compliance Analyst – Due Diligence (Insurance Products) is responsible for conducting comprehensive upfront and ongoing due diligence on insurance and annuity products and insurance carriers offered through the firm. This role partners closely with compliance, product, legal, and business stakeholders to evaluate insurance offerings for regulatory compliance, risk management, financial stability, and alignment with firm standards.

The position focuses on reviewing approved insurance products on an ongoing basis, identifying emerging regulatory, financial, operational, or reputational risks, and escalating concerns as appropriate. The analyst will also support the evaluation of new insurance products and carriers, prepare written due diligence analyses, and present findings to internal product and governance committees.

• Conduct upfront and ongoing due diligence on insurance products, including but not limited to:
  • Life insurance (term, whole, universal life)
  • Variable and fixed annuities
  • Fixed indexed annuities
  • Long‑term care and hybrid products
  • Disability insurance
• Perform carrier‑level due diligence, including:
  • Financial strength and ratings analysis
  • Review of statutory filings and public disclosures
  • Evaluation of governance, risk management, and operational controls
• Review and assess materials from third‑party due diligence providers, regulatory bodies, and rating agencies.
• Analyze product structures, fees, surrender charges, riders, guarantees, illustrations, and disclosures for compliance with regulatory and firm standards.
• Monitor regulatory developments impacting insurance products (e.g., state insurance regulations, NAIC model regulations, suitability and best‑interest standards).
• Summarize due diligence findings in clear, concise written reports for presentation to internal product, compliance, and risk committees.
• Identify, document, and elevate emerging risks or issues related to existing insurance products or carriers.
• Partner with internal stakeholders (Compliance, Legal, Product Management, Risk, and Advisor Support) to support product governance initiatives.
• Respond to inquiries from advisors and internal partners regarding approved insurance products and historical offerings.
• Participate in periodic product reviews, audits, and remediation efforts as needed.
• Attend industry meetings, regulatory briefings, and conferences to remain current on insurance market and compliance trends.
• Participate in periodic reviews of unique life insurance and annuity cases.

• Bachelor’s degree or equivalent experience required.
• Minimum 5+ years of experience in insurance compliance, product due diligence, risk management, or a related regulatory role.
• Demonstrated experience reviewing insurance products and/or carriers within a regulated financial services environment.
• Strong understanding of insurance products and distribution models, including annuities and life insurance.
• Working knowledge of insurance regulatory frameworks, including state insurance regulations and NAIC guidance.
• Ability to analyze complex product features and disclosures and assess compliance and risk implications.
• Experience reviewing financial statements, carrier ratings, and solvency indicators.
• Excellent written and verbal communication skills, with the ability to present complex findings to varied audiences.
• Strong analytical skills with the ability to synthesize large volumes of information into key risks and recommendations.
• High attention to detail and strong organizational skills.
• Ability to manage multiple projects and deadlines in a fast‑paced environment.
• Self‑motivated professional capable of working independently and collaboratively.

• Experience supporting insurance product governance or product approval committees.
• Familiarity with best‑interest, suitability, and consumer protection standards.
• Prior broker‑dealer or insurance home office experience.
• Professional certifications or progress toward designations such as:
  • FLMI, CLU, ChFC, or similar insurance‑related credentials.

Up to 15%.

The base annual salary range for this role is $106,000 to $141,000, plus a competitive performance‑based bonus. Base annual salary depends on a wide array of factors, including but not limited to skill set, years and depth of experience, certifications, and location. Base annual salary may also differ significantly due to geography and cost of labor considerations.