Compliance Product Manager

For more than a century, LIMRA and LOMA have served as the largest trade association supporting the insurance and related financial services industry. Today, we’re working with over 700 member companies around the world to help them understand industry trends, inform their strategies, develop their talent, and create solutions that advance the industry. Companies come to us because no other organization is in a better position to help them understand their customers, markets, distribution channels, and competitors. Leading life insurance and financial services organizations around the world rely on their membership for one simple reason – they can make bottom-line decisions with greater confidence.

As an employer, we believe that greatness is built from the inside out. It is created by individuals who share common goals, and who support and rely on one another to achieve them. Our core values (Integrity, Customer Focus, Adaptability, Respect and Excellence) guide us in how we treat, respond to and interact with our customers, and one another. We do our best to support our employees in making the most of their lives both inside and outside of work.

Are you looking to join an organization whose mission is to advance the financial services industry by empowering our members with knowledge, insights, connections and solutions? If so, LIMRA and LOMA, the world’s largest association of life insurance and financial services companies, which represents 1,100 member companies in 71 countries, including most of the world’s largest life insurance and retirement companies is the organization for you!

The Big Picture:

What will you be doing?

Product Management

• Demonstrate accountability for business planning and execution of key priorities and objectives for LIMRA’s suite of compliance solutions.
• Ensure LIMRA’s suite of compliance solutions meet the financial objectives of the organization and are delivered to our membership in a profitable and sustainable way.
• Actively manage financial results, as measured by the attainment of annual operating income targets and manage regular product pricing processes that support the profitability of LIMRA’s compliance suite of solutions.
• Lead engagement across the organization, and external partners, to understand the drivers of product utilization and revenue trends, membership feedback and operational/experience needs
• Strategically manage external partners; establish clear roles and responsibilities, manage contract terms, understand their business model, services, and costs and assess impact on strategies and business plans.

• Drive and influence product development processes from ideation to commercialization, including making informed decisions on priorities based on cost benefit analysis and viability assessments.
• Lead innovation and collaboration processes to achieve growth objectives including the development of business cases, designing solution/offering and membership experience, and oversee the delivery of the solution/offering to market using product development disciplines
• Engage and leverage member industry resources and experience to evaluate, select and develop products and services.
• Manage cross-functional teams including marketing, IT, and sales to define solution design and go-to-market strategies.

Strategic Leadership

• Develop and implement strategic plans to achieve division and organizational objectives.
• Use their specialized industry experience and understanding of markets and competitors to identify opportunities and threats and ensure that LIMRA’s compliance suite of solutions remains relevant to our membership, as measured by adoption rates and revenue trends

• Demonstrate strong subject matter expertise for compliance and related fraud issues and emerging trends within the insurance and financial services industry for all products within their respective portfolio; develop agendas for member collaboration groups and drive engagement.

• Lead cross-functional teams to ensure alignment and execution of strategic initiatives.
• Monitor and evaluate the effectiveness of strategic initiatives and adjust business plans as necessary.
• Identify and assess new business opportunities and partnerships that will help our members more effectively and efficiently manage their compliance obligations

Qualifications

• 5 years’ experience within a life insurance and/or annuity carrier where responsibilities included the management of some/all of the following compliance programs: rules and regulation change management, AML, elder exploitation, suitability, agent/advisor/sales oversight, agent/advisor licensing and appointments, market conduct exams, compliance training (AML, elder exploitation, conflict of interest, fraud prevention, privacy, etc.)
• 2 years of demonstrated success in a product management, product development, business management or strategic planning role
• 10 years of professional experience within the financial services and/or insurance industry
• Bachelor’s degree or equivalent experience
• Strong subject matter expertise with the ability to translate business and technical requirements to team members, stakeholders and partners (both internal and external)
• Effective communication and presentation skills at all levels of an organization, including senior leaders, seasoned compliance professionals, stakeholders and implementation teams
• Exceptional collaboration skills and ability to partner with other divisions, including Sales, IT and Finance
• Ability to influence decisions and champion product objectives and process changes based on specialized knowledge and experience,
• Critical thinking skills and ability to leverage research and data to develop strategies and support decisions
• Proven ability to develop and drive execution of business strategies, plans, and initiatives through implementation
• Demonstrated effectiveness in managing several deliverables and priorities
• Experience leading cross functional teams

We are an Equal Opportunity employer and do not discriminate on the basis of race, ancestry, color, religion, sex, age, marital status, sexual orientation, national origin, medical condition, disability, veteran status, or any other basis protected by law.

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