Aegon
Senior Compliance Analyst - Retirement Solutions
Aegon, Cedar Rapids, Iowa, United States, 52404
Senior Compliance Analyst - Retirement Solutions
Full Time
Compliance
United States
Supports Transamerica’s retirement compliance program for record-keeping and fiduciary administration services provided to our qualified retirement plan clients. Helps to mitigate legal exposure/risk to the organization by enforcing company policies, procedures and applicable regulatory requirements. Possesses and applies broad knowledge of business and regulatory concepts and principles; works with minimal instruction or guidance with applicable latitude for unreviewed action or decisions; performs more complex assignments with minimal direction and guidance from management.
Responsibilities
Perform risk-based independent compliance testing for the record-keeping and fiduciary administration affiliates.
Maintain and update assigned compliance risk assessments, as part of the team’s annual compliance monitoring plan.
Monitor federal/state laws and regulations, as well as applicable rulings, notices and guidance, as they pertain to qualified retirement plan administration and record-keeping services, and advise senior leadership of impact to current processes.
Evaluate process workflows/maps to identify potential areas of risk (e.g. – regulatory, legal, operational, reputational, etc.) and effectiveness of key controls.
Act as a trusted advisor to the record-keeping and fiduciary administration affiliates regarding best practices and remediation of regulatory compliance concerns.
Contribute to the development of new and/or enhanced compliance programs and enterprise-wide initiatives.
Update and maintain complete and accurate compliance logs or files.
Assist team members with research and assigned tasks.
Create and present compliance training, as necessary.
May assist management with highly complex projects and coaching/development of staff.
Maintain open communication with business process owners on testing scope, objectives and progress.
Coordinate and conduct meetings and interviews with business process owners and staff; gather data, procedures and other documentation necessary for performing assigned compliance testing.
Propose testing scope, review internal controls and compare records, operating practices, and documentation with test attributes applicable to assigned audits.
Document tests and findings; appraise adequacy of internal compliance controls, propose recommendations and coordinate/document corrective action plans.
Draft compliance reports and present/discuss findings with business process owners and senior management.
Active participation in the periodic compliance risk assessment process, development of annual testing plans, scheduling/assignment of testing, and design of compliance testing programs.
Qualifications
Bachelor’s degree or equivalent education and experience.
Four years of qualified retirement plan administration experience.
Working knowledge and oversight experience in the following regulatory compliance areas as applicable to qualified retirement plans: ERISA/DOL/IRS regulatory and qualification requirements for single employer and MEP/PEP retirement programs, EPCRS guidelines, and applicable plan/participant reporting and disclosure requirements.
Written and verbal communication skills.
Successfully present complex technical information to non-technical audiences.
Analytical and research skills.
Preferred Qualifications
Industry certifications preferred (e.g. – QPA, QKA, QKC)
Working Conditions:
Hybrid working environment: Baltimore, Cedar Rapids, Philadelphia, Denver
Compensation:
The Salary for this position generally ranges between$82,000 - $90,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
#LI-BD1
Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.
This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.
#J-18808-Ljbffr
Compliance
United States
Supports Transamerica’s retirement compliance program for record-keeping and fiduciary administration services provided to our qualified retirement plan clients. Helps to mitigate legal exposure/risk to the organization by enforcing company policies, procedures and applicable regulatory requirements. Possesses and applies broad knowledge of business and regulatory concepts and principles; works with minimal instruction or guidance with applicable latitude for unreviewed action or decisions; performs more complex assignments with minimal direction and guidance from management.
Responsibilities
Perform risk-based independent compliance testing for the record-keeping and fiduciary administration affiliates.
Maintain and update assigned compliance risk assessments, as part of the team’s annual compliance monitoring plan.
Monitor federal/state laws and regulations, as well as applicable rulings, notices and guidance, as they pertain to qualified retirement plan administration and record-keeping services, and advise senior leadership of impact to current processes.
Evaluate process workflows/maps to identify potential areas of risk (e.g. – regulatory, legal, operational, reputational, etc.) and effectiveness of key controls.
Act as a trusted advisor to the record-keeping and fiduciary administration affiliates regarding best practices and remediation of regulatory compliance concerns.
Contribute to the development of new and/or enhanced compliance programs and enterprise-wide initiatives.
Update and maintain complete and accurate compliance logs or files.
Assist team members with research and assigned tasks.
Create and present compliance training, as necessary.
May assist management with highly complex projects and coaching/development of staff.
Maintain open communication with business process owners on testing scope, objectives and progress.
Coordinate and conduct meetings and interviews with business process owners and staff; gather data, procedures and other documentation necessary for performing assigned compliance testing.
Propose testing scope, review internal controls and compare records, operating practices, and documentation with test attributes applicable to assigned audits.
Document tests and findings; appraise adequacy of internal compliance controls, propose recommendations and coordinate/document corrective action plans.
Draft compliance reports and present/discuss findings with business process owners and senior management.
Active participation in the periodic compliance risk assessment process, development of annual testing plans, scheduling/assignment of testing, and design of compliance testing programs.
Qualifications
Bachelor’s degree or equivalent education and experience.
Four years of qualified retirement plan administration experience.
Working knowledge and oversight experience in the following regulatory compliance areas as applicable to qualified retirement plans: ERISA/DOL/IRS regulatory and qualification requirements for single employer and MEP/PEP retirement programs, EPCRS guidelines, and applicable plan/participant reporting and disclosure requirements.
Written and verbal communication skills.
Successfully present complex technical information to non-technical audiences.
Analytical and research skills.
Preferred Qualifications
Industry certifications preferred (e.g. – QPA, QKA, QKC)
Working Conditions:
Hybrid working environment: Baltimore, Cedar Rapids, Philadelphia, Denver
Compensation:
The Salary for this position generally ranges between$82,000 - $90,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
#LI-BD1
Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.
This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.
#J-18808-Ljbffr