Sr Compliance Consultant - Sales Oversight

Job ID: Sammons Financial Group – Compliance role (metadata retained for reference)

About the Role

Ensure that the firm follows regulations and ethical standards in sales and marketing activities. Responsible for monitoring gifts, entertainment, and electronic communications. Conduct testing and monitoring of compliance with policies and procedures. Train on relevant sales practice topics, become the point of compliance contact for the sales team, and ensure proper retention of books and records.

Responsibilities

• Oversee compliance-related activities within the organization; ensure that registered persons follow firm policies and procedures.
• Conduct internal investigations to address potential violations or non-compliance issues.
• Provide training and guidance to employees regarding compliance policies, regulations, and industry best practices.
• Serve as a liaison between regulatory agencies, external auditors, and internal stakeholders related to compliance matters.
• Develop monitoring programs and exception reports for rule violations or potential sales practice issues in partnership with the Chief Compliance Officer (CCO).
• Train marketing and content submitters on the firm's guidelines and submission tool.
• Monitor internal social media channels and website for compliance with firm procedures.
• Daily review of advertising submissions; file certain advertisement items with the Financial Industry Regulatory Authority (FINRA) on an as-needed basis; track comments and implementation.
• Review reports, including exception reports, used by business units as controls to help ensure compliance with applicable rules and regulations.
• Review and monitor electronic communications across the organization.
• Review entertainment and sponsorship reports.
• Commitment to embrace Sammons Financial Group Companies shared values: Accountability, Connection, Openness, Respect, and Integrity.
• Regular attendance is required and expected to meet business service levels and workflow demands.
• Participate in other initiatives and/or projects as necessary.

Requirements

• Bachelor’s Degree in Business Management (preferred).
• 7–10 years of experience in compliance and variable products in an insurance environment (preferred).
• Solid knowledge of variable life and annuity products and insurance company operations.
• Solid knowledge of securities regulations (e.g., state, federal, and FINRA) impacting variable life and annuity products.
• Working knowledge of model insurance laws and associated model regulations.
• Excellent communication skills, both written and oral, with the ability to work with diverse personality types (e.g., regulators, registered representatives, heads of business units) when communicating requirements, revisions, and approvals/rejections.
• Proven ability to coordinate the compliance function with related activities of other areas of the organization and serve as a consultant for compliance issues.
• Strong project management skills and ability to work independently to ensure the variable product advertising review process runs smoothly day-to-day.
• Proficiency with PC administrative tools (e.g., Microsoft Office Suite: Word, Excel, and Access).
• Understanding of federal and state rules governing communications with the public.
• Proficient understanding of the electronic filing system used by FINRA for submission of advertising reviews.
• Understanding of the requirements under Securities and Exchange Commission (SEC) Rule 38a-1 as it applies to insurance company’s registered separate accounts.
• Demonstrated ability to understand intricate rules and regulations and communicate them to different audiences.
• Detail-oriented with strong organizational abilities.
• Ability to be a team player by demonstrating flexibility, understanding of other positions, and providing constructive input to discussions.
• Ability to build and maintain ongoing key relationships with regulatory personnel, industry contacts, and business partners.
• Strong work ethic.
• Series License-6 and Series License-26 or Series License-7 and Series License-24, or ability to obtain within 120 days (required).
• Some travel to company offices and conferences annually required.
• Criminal background check required.
• If the position is in the SIG business unit, Annuity New Business Securities team, or if holding securities licenses, FINRA regulations require fingerprinting; if holding securities licenses, a credit check will also be required.

Pay

USD $69,324.00 – USD $115,540.00 per year.

Benefits

• Comprehensive health coverage for you and your family, including medical, dental, vision, HSA, and FSA options, plus term life insurance.
• Competitive compensation with a performance-based incentive program tied to clear goals and individual and/or company success.
• 100% company-funded Employee Stock Ownership Plan (ESOP), plus automatic enrollment in our 401(k).
• Friday afternoons off year-round, generous paid time off, and paid holidays.
• Paid development time, tuition reimbursement, and professional development opportunities across industry, individual, and leadership programs.
• Volunteer time off and company nonprofit matching gift program to support causes that matter to you.