Associate Analyst Compliance

Empower Global Business Services India Private Limited; Bengaluru; Hybrid; INR 450,000 - 900,000; Full time

Job summary

Empower Global Business Services India Private Limited is seeking a qualified professional to review data, perform nondiscrimination testing, and generate Form 5500s and plan audits. The role emphasizes regulatory compliance, data accuracy, and timely delivery in a fast-paced environment.

You should have 2-3 years in any financial domain, a bachelor’s degree, and strong communication skills. Prior US retirement knowledge is a plus, with opportunities for hybrid work arrangements.

Qualifications

• 2-3 years of experience in any financial domain.
• US retirement knowledge would be an added advantage.
• Strong written and verbal communication skills.

Responsibilities

• Review various data sets and perform non-discrimination testing.
• Generate Form 5500s and plan audits.
• Keep up with regulatory and compliance developments relevant to deliverables.

Education

Bachelor's degree

Job description

Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them. Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

Job Summary

Would be responsible to review various sets of data and perform Non-discrimination testing, generate Form- 5500’s and Plan Audits

Primary Duties and Responsibilities

Keep abreast of regulatory and compliance developments of the deliverables through continuous self-learning. Understand the operational standards, SLA and ensure all the standards are met. Would work in a fast-paced environment which demands need of learning and implementing new things.

US Retirement Knowledge

• Strong working knowledge of employer-sponsored defined contribution retirement plans, with emphasis on 401(k) and 403(b) plans.


• Solid understanding of eligibility, employee deferrals, employer match/non-elective contributions, vesting, loans, distributions, rollovers, beneficiary provisions, hardship withdrawals, and other common plan features.


• Ability to analyze 401(k) and 403(b) plan provisions, identify dependencies or inconsistencies, and translate plan document language into clear operational and recordkeeping requirements.


• Experience interpreting plan amendments and assessing their impact on system configuration, participant administration, and downstream processes.


• Working awareness of IRS and ERISA requirements relevant to retirement plan administration, with sound judgment on when legal, compliance, or specialized review is required.

Background and Qualifications

Should have 2-3 years of experience in any financial domain. US retirement industry would be added advantage Bachelor’s degree in any stream Should have good oral and written communication skills as the role demands extensive partner communication via emails. Proactive and self-learner with an ability to motivate self and must be detail oriented and adaptable for change. Excellent analytical and problem-solving skills and ability to elevate to the required level as per need of the hour. Proactive and self-learner with an ability

Equal Opportunity Employer

We are an equal opportunity employer with a commitment to diversity. All individuals, regardless of personal characteristics, are encouraged to apply. All qualified applicants will receive consideration for employment without regard to age, race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law.

Remote and Hybrid Positions

For remote and hybrid positions you will be required to provide reliable high-speed internet with a wired connection as well as a place in your home to work with limited disruption. You must have reliable connectivity from an internet service provider that is fiber, cable or DSL internet. Other necessary computer equipment will be provided. You may be required to work in the office if you do not have an adequate homework environment and the required internet connection.

Newsletter

Want the latest money news and views shaping how we live, work and play? Stay in the know with The Currency and sign up for Empower’s free newsletter.

Follow Empower Facebook, LinkedIn, X, Instagram, & Glassdoor