What are the responsibilities and job description for the Sr. Compliance Analyst position at Fidelity & Guaranty Life Insurance Company?

Job Description

Job Summary

The Senior Compliance Analyst plays an important role in ensuring the company's adherence to regulatory requirements and reducing fraud-related risks. As part of the Special Investigative Unit (SIU), this position takes a senior role in initiatives related to agent monitoring and anti-fraud investigations.

Duties and Responsibilities

Compliance Support

Effectively communicate and provide agents, Company personnel, and third-party administrator with support on Compliance procedures and the Company's agent monitoring and anti-fraud programs.
Maintain strong working knowledge of the Company's products, administrative systems and procedures.
Support continuous improvement and implementation of departmental and company procedures.
Support the complaint response team, as needed, to meet regulatory deadlines, including investigating complaints and drafting complaint responses.

Agent Monitoring Review

Guide the investigation of suspect agent activity and address potential issues.

Support screening of producers seeking appointment or re-appointment with the company and participate in the Agent Onboarding Committee decision making process.

Manage the company's electronic agent monitoring program reviewing activity and sales transactions to identify patterns requiring further investigation.

Respond to state insurance regulator inquiries regarding agents or fraud investigations, manage the collection of required information, and draft responses for management review.

Compile and provide data and reports to senior management on agent monitoring trends, and make recommendations on ways to reduce re-occurring issues.

Anti-Fraud Investigations

Conduct investigations of potential fraud, elder abuse or agent monitoring escalations as assigned. Prepare investigative reports and documentation necessary to report relevant findings to management in a timely manner.

Take appropriate actions to resolve fraud cases and mitigate risk to the Company, at the direction of management.

Perform ad-hoc investigative requests by management, as assigned.

Create and file annual fraud reports and other required fraud notifications to state insurance regulators.

Experience and Education Requirements

Bachelor's degree in business, criminal justice or related field or equivalent relevant work experience required.

5 years of experience in the insurance industry with a concentration on life insurance and annuity products.

Knowledge, Skills and Abilities

Strong verbal and written communication skills.

Strong organizational skills

Strong analytical skills and aptitude for detailed work.

Ability to perform in a fast-paced production environment while addressing multiple responsibilities.

Knowledge of Life and Annuity compliance and regulatory environment preferred

Anti-Fraud designations or completed coursework towards designations such as CFE or CAMS curriculum is a plus.

Other Requirements

Perform other functions, duties and projects, as assigned.

Regular and punctual attendance.

Some travel required (less than 10%).

LI-JB1

LI-Remote

Additional Information

Work Environments

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.

F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G. If reasonable accommodation is needed to participate in the job application or interview process, please contact talentacquisition@fglife.com.

Join our employee-centric hybrid work environment : F&G Careers

About F&G

Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life's unexpected events.

As a national Top Workplace1, an Iowa Top Workplace2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.

1 Top Workplaces USA 2022 – 2023

2 Des Moines Register Top Workplaces 2018 – 2022

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