Associate Analyst Compliance

Empower; Bengaluru; On-site; INR 700,000 - 1,100,000; Full time

Job summary

Empower in Bengaluru seeks a retirement analyst to review data, perform discrimination tests, generate Form 5500s, and conduct plan audits.

Candidates should have 2–3 years in any financial domain, a Bachelor's degree, and strong written and verbal communication skills. Prior US retirement knowledge is a plus, with a proactive, detail‑oriented approach to change.

Qualifications

• Review data sets for accuracy and compliance.
• Perform non-discrimination testing for retirement plans.
• Translate plan provisions into operational requirements.

Responsibilities

• Keep abreast of regulatory and compliance developments affecting deliverables.
• Understand operational standards, SLAs, and ensure standards are met.
• Adapt in fast-paced environment and learn new processes as needed.

Skills

Data review

Discrimination testing

Form 5500

Plan audits

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 escalated to the required level as per need of the hour.
• Proactive and self-learner with an ability

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.