Compliance Analyst

Company Description:

Aspida Holdings Ltd., through its subsidiaries (collectively “Aspida”), is focused on providing retirement and reinsurance solutions, having operations in the U.S. and Bermuda with total assets of $16.6 billion as of June 30, 2024. Aspida, through its U.S. platform – Aspida Life Insurance Company – is focused on leveraging technology and agility to help clients achieve – and protect – their dreams. Its Bermuda-based reinsurance platform, Aspida Life Re, is focused on providing efficient and secure life and annuity reinsurance solutions. Aspida seeks to be a trusted partner in its clients’ financial security while driving its growth by doing good for the communities it serves. Aspida is backed by Ares Management Corporation, which, through the Ares Insurance Solutions team, provides dedicated investment management, capital solutions and corporate development support. For more information, please visit aspida.com or follow them on LinkedIn, Facebook.

Who We Are:

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#! Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For:

Aspida is seeking a skilled, self-motivated, and independent compliance professional for the role of Compliance Analyst. The Compliance Analyst is an individual contributor position that will take the lead as a Subject Matter Expert (SME) during conversations with internal business partners regarding various compliance issues and act as a mentor to new employees. This role reports to the Chief Compliance Officer and is required to be onsite 3 days a week at our Durham, NC office.

What You Will Do:

• Lead organization efforts for effective regulatory change management and monitoring of process changes needed due to changes in regulations.
• Act as a Subject Matter Expert (SME) in compliance matters, providing guidance to internal business partners across various departments.
• Lead conversations regarding compliance issues and proactively identify potential risks or areas for improvement.
• Work with business partners to solve complex compliance related questions and/or problems.
• Assist in the development of Compliance training programs for the organization.
• Maintain communication with management regarding developments within areas of assigned responsibilities and perform special projects as required.
• Collaborate with other team members to develop or enhance policies and procedures to capture workflow efficiencies.
• Monitor developments in the areas of AML, Fraud and consumer Complaints.
• Assist with the preparation of more complex non-financial regulatory filings in a timely manner; accurately review and prepare the state regulatory reports, and other regulatory filings.
• Respond to inquiries from regulatory authorities, data calls and complaints.
• Participate in internal audits, compliance reviews, and other activities to evaluate the effectiveness of compliance controls.
• Draft and update compliance policies, procedures, and reporting mechanisms to ensure ongoing compliance with legal and regulatory requirements.

Lead the review of complex advertising materials (internal and external) to ensure compliance with regulatory requirements and product design.

What We Provide:

• Salaried, DOE
• Full-Time
• Full Benefits Package Available

What We Believe:

At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.

What We Require:

• Bachelor’s Degree in Business, Risk Management or Insurance; or equivalent combination of education, training & experience.
• 5 or more years of experience in a Compliance function in financial service or insurance, prior leadership experience a plus.
• Strong knowledge of compliance regulations and industry standards within the financial services or insurance sectors.
• Strong understanding of State regulatory requirements for fixed and variable annuity products, as well as SEC & FINRA requirements for registered products.
• Professional Insurance Designation or working towards a designation (one or more of the following: ACS, AIRC, FLMI, ALMI).
• Ability to work independently, manage multiple priorities, and take ownership of tasks and projects.
• Self-motivated with a strong attention to detail and a commitment to upholding the highest ethical standards.
• PC skills to include proficiency in Jira, Confluence, Microsoft Word, Excel and PowerPoint
• Critical thinking ability to use logic, reasoning and problem solving to identify best practices, alternative solutions, conclusions or approaches to challenges.
• Proven experience in drafting and filing annuity contract forms with the Compact & State regulators.
• Prior experience with reviewing and analyzing multiple complex data sources and document data elements, data flow, relationships and dependencies.