Penn Mutual · 14 hours ago
Audit and Regulatory Controls Team Leader
Remote - United States
Full-time
Remote
Senior Level
$80K/yr - $115K/yr
5+ years exp
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Responsibilities
Monitor enacted legislation and adopted regulations which impact Penn Mutual’s lines of business and operations including issued States of Emergencies and coordinate plans of action.
Actively manages the Unclaimed property function; which includes but is not limited to the Death Master File reconciliation process.
Participates in special projects to support the business strategy especially as they relate to audit, compliance, and legal initiatives.
Partner with the Compliance Department in identifying areas of risk and makes recommendations on operational improvements, processes for compliance, quality assurance and any additional training essential to mitigate risk.
Examine policies, procedures, and practices to ensure compliance with laws and regulations and implement any needed changes
Coordinate and support internal and external audits within Operations, ensuring all documentation is prepared and accessible.
Provides oversight and tracking for recommendations and remediation strategies for internal audit, internal controls, and regulatory findings. Includes partnering with business leads in the review, analysis, and development of recommendations and remediation strategies as regulatory needs change with a key focus on State Market Conduct Exams.
Collaborates with Product Owners and/or vendors to pursue streamlined audit solutions that are aligned with budget and performance requirements.
Lead, mentor and develop the regulatory and audit support team, fostering a collaborative and high-performance culture.
Provide training and support to staff on regulatory and audit best practices.
Qualification
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Required
Proven leadership experience in developing audit and regulatory support initiatives within the life insurance industry.
Experience in building and managing teams focused on Audit and Regulatory Support.
Strong analytical skills with the ability to interpret data, identify trends, and make data-driven decisions to improve business outcomes.
Deep understanding of audit methodologies, and regulatory requirements in the financial services industry.
Demonstrated ability to drive strategic initiatives, manage teams, and deliver results in a complex organizational environment.
Bachelor's Degree in Business Administration, Accounting, Finance, Insurance, or a related field.
Minimum of 5 years of progressive experience in the life and annuity industry, with significant experience with audit and regulatory oversight.
Company
Penn Mutual
Penn Mutual helps individuals and families do more in life by creating solutions that deliver the complete value of life insurance.
1,001-5,000 employees
Funding
Current Stage
Late StageLeadership Team
Eileen McDonnell
Chairman & Chief Executive Officer
David O'Malley
President and Chief Operating Officer
Recent News
2024-05-08
MarketWatch
2024-04-07
Company data provided by crunchbase
