Senior Regulatory Compliance Analyst (Group Life & Health)

Transamerica Corporation; Cedar Rapids (IA); Hybrid; USD 80,000 - 90,000; Full time

Benefits offered by this job

Competitive Pay

Bonus Eligible

401k Match

Health Insurance

Paid Time Off

Job summary

Transamerica is seeking a Regulatory Compliance professional to lead complex regulatory change initiatives and ensure adherence to applicable insurance regulations across business units. This hybrid role requires collaboration with Legal, Compliance, Operations, and product teams in a dynamic environment.

The successful candidate will research evolving laws, manage filings, and develop compliant processes, policies, and documentation while mentoring team members as needed.

Qualifications

• Bachelor’s degree in business, legal studies, risk management, compliance or related field.
• 5+ years of regulatory compliance experience in insurance or financial services.
• 2+ years in insurance/regulatory change management or related functions.
• Experience coordinating with Legal, Compliance, Operations, Sales, Marketing or product teams.
• Knowledge of state insurance, ERISA, DOL or related regulatory requirements.
• Ability to analyze regulatory requirements and translate into controls and processes.
• Strong written and verbal communication with ability to summarize complex info.

Responsibilities

• Own assigned regulatory change initiatives from planning through completion.
• Review business processes, policies, products, and services for regulatory compliance.
• Research and interpret current and proposed laws and guidance for impact.
• Identify risks, control gaps, and improvements in processes.
• Coordinate state regulatory filings and respond to regulator questions.
• Draft and maintain compliance documentation and procedures.
• Provide guidance to partners on regulatory requirements and controls.
• Contribute to enterprise-wide compliance programs and training.
• Represent compliance in projects involving new products or changes.
• Support colleagues with research and knowledge sharing.

Skills

Regulatory compliance

Insurance industry knowledge

Regulatory change management

Stakeholder collaboration

Research and analysis

Communication skills

Attention to detail

Microsoft Office

Education

Bachelor’s degree in business, legal studies, risk management, compliance or related field

Tools

Microsoft Office

Job description

Job Family Regulatory Compliance

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests. Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
For more information, visit transamerica.com.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life. Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them. We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What We Do

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs. Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.

Job Description Summary

Contribute to an effective compliance program by mitigating legal, regulatory, operational, and reputational risk by applying broad regulatory compliance knowledge to perform complex assignments, identify issues and trends, communicate findings and recommend practical enhancements that strengthen compliance controls and business practices.

Job Description Responsibilities

Own assigned regulatory change initiatives and compliance projects from planning through completion. Perform reviews of business processes, controls, policies, products and services to assess adherence to applicable regulatory requirements and company standards. Research, analyze, and interpret current, new, and proposed laws, regulations, bulletins, regulatory guidance, and internal policy changes to determine potential impact to the organization. Identify emerging risks, control gaps, and regulatory developments and recommend enhancements to compliance controls and business processes. Coordinate state regulatory filings, including gathering required information, supporting timely submissions, tracking filing status, and assisting with responses to regulator questions or follow-up requests. Document procedures, results, findings, recommendations, and corrective action plans; coordinate follow-up with business partners to support timely remediation and sustainable control improvements. Draft, review and maintain complete and accurate compliance documentation, including policies, procedures, logs, testing files, reports, records, and other required materials. Provide compliance guidance and support to business partners regarding regulatory requirements, compliance expectations, control design, process improvements, and implementation of new or enhanced business practices. Contribute to the development and execution of new or enhanced compliance programs, enterprise-wide initiatives, training, tools, and procedures. Represent compliance in projects involving new products, services, operational changes, regulatory updates, policy development, training creation, or control enhancements to help ensure compliant implementation. Assist team members with complex research, assigned tasks, special projects, and knowledge sharing; may provide guidance, coaching, or training to less experienced team members as needed.

Qualifications

• Bachelor’s degree in business, legal studies, risk management, compliance or related field
• 5+ years of regulatory compliance, insurance, and/or other relevant experience
• 2+ years of experience in insurance, , regulatory change management, or other financial services compliance functions
• Experience working with business partners, Legal, Compliance, Operations, Sales, Marketing, product teams, or other stakeholders to support compliant business practices and process improvements
• Knowledge of applicable state insurance, ERISA, DOL, and/or other regulatory requirements based on assigned responsibilities
• Knowledge of regulatory compliance concepts, control testing, monitoring practices, policy and procedure review, issue identification, and remediation processes
• Ability to perform complex research, analyze, and interpret regulatory requirements, policies, procedures, data, and business processes to identify risks, issues, trends, and potential solutions
• Strong written and verbal communication skills, including the ability to summarize complex information clearly and communicate findings, recommendations, and regulatory expectations to varied audiences
• Analytical, critical-thinking, problem-solving, and organizational skills with strong attention to detail and accuracy
• Ability to manage multiple priorities, deadlines, reviews, requests, and projects with minimal supervision
• Proficiency using Microsoft Office tools

Preferred Qualifications

• Compliance certifications or industry designations based on assigned responsibilities

Compensation

The Salary for this position generally ranges between $80,000 - $90,0000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law. Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration, sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship. This is a hybrid position requiring three days in office per week in one of our hub locations (Cedar Rapids, Baltimore). Relocation assistance will not be provided for this position.

What We Offer For eligible employees

• Competitive Pay
• Bonus for Eligible Employees
• Benefits Package
• Pension Plan
• 401k Match
• Employee Stock Purchase Plan
• Tuition Reimbursement
• Disability Insurance
• Medical Insurance
• Dental Insurance
• Vision Insurance
• Employee Discounts
• Career Training & Development Opportunities
• Health and Work/Life Balance Benefits
• Paid Time Off starting at 160 hours annually for employees in their first year of service.
• Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
• Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
• Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
• Adoption Assistance
• Employee Assistance Program
• Back-Up Care Program
• PTO for Volunteer Hours
• Employee Matching Gifts Program
• Employee Resource Groups
• Inclusion and Diversity Programs
• Employee Recognition Program
• Referral Bonus Programs

Inclusion & DiversityWe believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index,100 Best Companies for Working Parents,Best Companies for Dads, andTop 75 Companies for Executive Women.

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

Giving Back

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Transamerica’s Parent Company

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives.

Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.* For more information, visitwww.transamerica.com. * As of December31,2022 For more information about Transamerica’s privacy practices, click here.

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests. Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.