Analyst, Regulatory Supervision
Location:
Dresher , Pennsylvania
Posted:
November 18, 2017
Reference:
7973566
  The Annuities Suitability Review Team will focus on adherence to suitability obligations through partnership with Compliance, Legal, and Risk. The Team will review the suitability of transactions in accordance with the company’s suitability review process, and determine whether there is a reasonable basis for believing that the producer’s recommendation to purchase, sell, or exchange a product is suitable for the customer based on the information provided by the customer as to his or her other security holdings and financial situation and needs.
 
The Analyst, Regulatory Supervision is responsible for the suitability review and approval of the purchase of Fixed Indexed Annuities in accordance with State Insurance law and Company policies and procedures regarding suitability, replacement and financing, as applicable to the covered transaction. The review and sign off for appropriateness is to insure reasonable grounds for recommendation and insure the consumer is informed, review of the case must be completed timely and in good order to Annuity Services. Diligent outreach will be made on requests for information from customers, producers and firm management and to discuss and resolve issues.  High level of decision making is required considering unique facts of each customer, regulations and risk.  Relevant information must be sufficiently documented in the Protegent and workflow system to explain the suitability determination. May have some responsibility of supervision of pre-analyst. Responsibilities include:
 
  • Evaluation of narrowly defined issues e.g., evaluation of a new regulation, money laundering etc. Implements compliance oversight procedures with little to no supervision
  • Possesses solid knowledge of the principles concepts practices of the compliance discipline and applies them to their moderately wide understanding of Prudential products functions
  • Individuals are fully knowledgeable of their area of expertise and are capable of executing and completing complex tasks and analyses
  • Utilize negotiating skills with, and provides counsel to staff of sales, marketing, product development, portfolio management and other disciplines to ensure that compliance is attained by identifying problem situations, analyzing causes and recommending corrective action
  • Completes all appropriate filings to ensure compliance with federal and state regulatory requirements
  • Prepares documentation and responds to internal and or external compliance questions
  • May be responsible for the direction and training of less experienced staff
  • Initiates inquiries on an ad hoc basis into compliance matters within their scope
  • Provides compliance training to business unit personnel in formal, structured settings
 

 


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