Regulatory and Compliance Specialist

Wilton Re Ltd.; Norwalk (CT); Hybrid; USD 70,000 - 90,000; Full time

Benefits offered by this job

Health insurance

Vision & dental

Life insurance

401(k) with employer contribution

Profit sharing

Hybrid work environment

Employee assistance program

Job summary

Wilton Re Ltd. is seeking a Regulatory and Compliance Specialist to support the U.S. compliance program from its Norwalk, CT office. The role centers on monitoring regulatory changes, analyzing impact, and coordinating implementation with business units.

The ideal candidate has at least 3 years in a regulated legal/compliance environment and a finance- or risk-related bachelor’s degree. This is a hybrid, full-time position with competitive benefits and potential for overtime pay.

Qualifications

• Minimum 3 years in the legal or compliance department of a regulated entity or law firm representing regulated entities.
• Strong analytical and problem-solving skills.
• Ability to manage multiple priorities and meet deadlines.
• Knowledge of life insurance products and operations preferred.
• Bachelor's degree in Finance, Economics, Risk Management, Legal Studies, or related field.

Responsibilities

• Track changes in laws and regulation using third party software and advisories issued from regulators and trade groups.
• Analyze and interpret legal and regulatory changes and identify the compliance requirements.
• Lead communication and implementation of changes required by regulatory authorities.
• Verify that regulatory changes are documented, implemented, and communicated to relevant parties.
• Research regulatory questions from business units and respond as needed.
• Maintain relationships with compliance teams within partner insurers and third-party admins.
• Collaborate with Legal for interpretation of laws and risk assessment.

Skills

Analytical skills

Problem-solving

Communication

Regulatory research

Teamwork

Education

Bachelor's degree in Finance, Economics, Risk Management, Legal Studies, or related field

Job description

Regulatory and Compliance Specialist

We are searching for an experienced Regulatory and Compliance Specialist at our Connecticut office.

RegulatoryCompliance Specialist

Full Time

Norwalk, CT

About theCompany:

Wilton Re is an industry leader in the life (re)insurance space,specializing in the acquisition of in force life insurance and annuities. Weare experienced industry specialists focused on the risk, capital andoperational needs of our clients’ businesses. We provide our clients with theservices they need from in force transactions and product development tounderwriting and new business strategies.

Wilton Re has the resources and expertise to pursue and successfullymanage the largest life and annuity transactions in the market.

PositionSummary:

The Regulatory ComplianceSpecialist will support the Compliance Department generally to ensure the U.S.based companies in the Wilton Re enterprise are in compliance with insurancelaws and regulations. This position isprimarily responsible for and will serve as the subject matter expert regardingregulatory and statutory changes. This will include reviewing changes to thelaw, determining applicability, creating a summary, and distributing torelevant business units and parties. The Regulatory Compliance Specialist mayoccasionally assist with responding to state insurance department data calls,managing the compliance calendar, conducting/assisting with internal reviews ofdocumentation or processes, and ad hoc compliance projects.

Role Responsibilities:

• Track changes in laws and regulation using third party software, other research tools and advisories issued from regulatory authorities and trade groups.
• Analyze and interpret legal and regulatory changes and identify the compliance requirements.
• Take the lead role in communicating, implementing, and directing changes required by regulatory and insurance industry authorities, and later auditing processes to determine proper compliance.
• Verify that all regulatory changes have been documented, implemented, and communicated to relevant internal and external parties.
• Research and respond to regulatory and legislative questions from business units.
• Maintain relationships with compliance teams within our insurance and reinsurance partners including third party administrators.
• Work closely with Legal for interpretation of the laws and regulation and risk assessment.

Basic Qualifications:

• Minimum 3 years of experience in the legal or compliance department of a regulated entity or law firm representing regulated entities.
• Strong analytical and problem-solving skills.
• Demonstrated ability to manage multiple priorities and meet deadlines.
• Communicate effectively and succinctly.
• Ability to conduct regulatory and statutory research as required.
• Proven ability to work independently and as part of a team.
• Knowledge of life insurance products and operations preferred.

Required Education / Certifications:

• Bachelors degree in Finance, Economics, Risk Management, LegalStudies, or related field

Pay/Location

Norwalk, CT

Hybrid Structure

Minimal to no travel required

The role isnonexempt and eligible for paid overtime. The annualized salary/hourly raterange for this position in Connecticut is between 70,000-90,000. Please notethat specific compensation decisions are based upon a variety of job-relatedfactors as permitted by law, including geographic location, credentials,skills, education, training, and experience.

Base salary is just one component of Wilton Re’s total compensationpackage for employees. Additional compensation includes annualperformance-based bonus, 401K with employer contribution, and profit-sharingprogram. Employee may also be eligible for long-term incentives (equity). Allincentives and benefits are subject to the applicable plan terms.

What We Offer:

• Competitive vacation and sick time, including company-paid holidays, floating holidays and early closing days
• 401(k) plan with employer contribution - US Employees Only
• Profit Sharing Program
• Competitive parental leave
• Health, vision, dental, and life insurance, including access to health and wellness programs
• Actuarial Development Program (ADP) for Actuarial employees taking exams
• Employee Assistance Program (EAP)
• Current hybrid working environment
• Employee Engagement Events and various committees on site to join

Wilton Restrives to attract, develop, and retain a diverse workforce. We are committedto providing an inclusive and accessible work environment where all associatesfeel valued, respected, and supported. Our commitment to inclusivity isreflected in the safeguards, policies, and commitments we have in place toremove barriers and provide equal opportunities to prospective and currentassociates, without discrimination. A Human Resources representative isavailable to consult with applicants who require accommodation in theapplication or recruitment process. Any information shared by the applicantabout an accommodation will be treated as confidential.