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Trustmark · 18 hours ago

Compliance Analyst (Hybrid)

Greater Chicago Area

Full-time

Hybrid

Entry, Mid Level

$61K/yr - $89K/yr

2+ years exp

Trustmark is dedicated to improving wellbeing for everyone and fostering a culture of diversity and inclusion. They are seeking a Compliance Analyst to support insurance product regulatory compliance initiatives, working cross-functionally to provide regulatory compliance guidance and conduct oversight testing related to insurance compliance programs.

FitnessHealth Care

Responsibilities

With some supervision coordinate product compliance oversight and testing

Develop testing plans, create testing templates, conduct sampling and reporting on testing results

Design product compliance requirement matrices for product enhancements and new product developments

Collaborate with business partners to design and update insurance products in compliance with applicable laws and regulations through post-launch oversight and testing

With some supervision coordinate root cause analysis to address product administration issues, and coordinate with business partners to design remediation plans

Manage assigned regulatory updates in RCM tool, assigning tasks to business stakeholders for implementation

Consult with business partners, helping to assess the impact on business processes and answering questions, enabling them to develop and implement action plans

Partner with business to develop appropriate target implementation dates and collect evidence showing completion of the action plan

Maintain and periodically update Advertising Guidelines

Develop or refine oversight process for Advertising and Marketing materials

Periodically sample and review advertising materials

Deliver feedback based on review of sampled materials

Prepare and deliver targeted trainings as needed

File marketing materials with departments of insurance (DOI) as needed

Collaborate with Compliance team members to design and scope risk assessments, and controls testing plans

With some oversight/supervision lead process and controls mapping exercises with business partners

With some oversight/supervision execute key controls testing, document results, and formulate initial drafts of remediation plans

Support Anti-fraud program manager in overseeing all aspects of the Trustmark Anti-fraud risk program – including but not limited to risk assessments, controls testing, policy and procedure management, business consulting, annual training, targeted training, and internal fraud reporting

Support the AML program manager in overseeing all aspects of the Trustmark AML program – including but not limited to risk assessments, controls testing, policy and procedure management, business consulting, training, and internal AML reporting

Other duties as needed/assigned

Qualification

Insurance regulatory knowledgeRisk assessment experienceRegulatory change managementData analytics experienceCompliance testing experienceMS Office proficiencyLegal educationCFEACAMS certificationCommunication skillsCritical thinkingCollaboration skillsTime management

Required

Bachelor's Degree with 2-4 years of related experience

Proficient in MS Office products and ability to learn software applications

Knowledge of the insurance regulatory environment

Strong critical thinking and analytical skills

Experience researching and applying findings

Strong written and verbal communication skills

Experience collaborating cross functionally

Strong time management skills with ability to self-regulate workload to meet project milestones and deadlines

Preferred

Legal education (JD or paralegal certificate)

CFE, ACAMS, or other applicable certifications or designations

Data analytics experience

Experience working in a legal, audit, compliance, or risk function in the insurance industry, preferably with a focus on health or disability products

Risk and control assessment and testing experience, including use of Governance, Risk and Compliance tools

Regulatory change management process experience, including use of RCM tools