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Aegon · 1 day ago

Senior Compliance Analyst - Retirement Solutions

United States

Full-time

Remote

Mid, Senior Level

$82K/yr - $90K/yr

4+ years exp

Aegon is a company focused on retirement solutions, and they are seeking a Senior Compliance Analyst to support Transamerica’s retirement compliance program. The role involves performing compliance testing, monitoring regulations, advising on compliance concerns, and contributing to compliance program development.

Asset ManagementAuto InsuranceFinanceHealth InsuranceInsuranceLife InsuranceRetirement

No H1B

Responsibilities

Perform risk-based independent compliance testing for the record-keeping and fiduciary administration affiliates

Maintain and update assigned compliance risk assessments, as part of the team’s annual compliance monitoring plan

Monitor federal/state laws and regulations, as well as applicable rulings, notices and guidance, as they pertain to qualified retirement plan administration and record-keeping services, and advise senior leadership of impact to current processes

Evaluate process workflows/maps to identify potential areas of risk (e.g. – regulatory, legal, operational, reputational, etc.) and effectiveness of key controls

Act as a trusted advisor to the record-keeping and fiduciary administration affiliates regarding best practices and remediation of regulatory compliance concerns

Contribute to the development of new and/or enhanced compliance programs and enterprise-wide initiatives

Update and maintain complete and accurate compliance logs or files

Assist team members with research and assigned tasks

Create and present compliance training, as necessary

May assist management with highly complex projects and coaching/development of staff

Maintain open communication with business process owners on testing scope, objectives and progress

Coordinate and conduct meetings and interviews with business process owners and staff; gather data, procedures and other documentation necessary for performing assigned compliance testing

Propose testing scope, review internal controls and compare records, operating practices, and documentation with test attributes applicable to assigned audits

Document tests and findings; appraise adequacy of internal compliance controls, propose recommendations and coordinate/document corrective action plans

Draft compliance reports and present/discuss findings with business process owners and senior management

Active participation in the periodic compliance risk assessment process, development of annual testing plans, scheduling/assignment of testing, and design of compliance testing programs

Qualification

Retirement plan administrationRegulatory compliance knowledgeERISA/DOL/IRS regulationsAnalytical skillsMS Office proficiencyResearch skillsIndustry certificationsWritten communication skillsVerbal communication skillsPresentation skills

Required

Bachelor's degree or equivalent education and experience

Four years of qualified retirement plan administration experience

Working knowledge and oversight experience in the following regulatory compliance areas as applicable to qualified retirement plans: ERISA/DOL/IRS regulatory and qualification requirements for single employer and MEP/PEP retirement programs, EPCRS guidelines, and applicable plan/participant reporting and disclosure requirements

Written and verbal communication skills

Successfully present complex technical information to non-technical audiences

Analytical and research skills

Proficiency using MS Office tools