Compliance Analyst

 Compliance Analyst

Position Description

We are seeking a detail-oriented and proactive Compliance Analyst to join our team.

This role is critical in ensuring regulatory compliance and operational integrity during the onboarding of new institutional clients, particularly insurance companies.  

The Compliance Analyst will assist with the process to facilitate agreements with new clients, existing clients and other third parties.

Additional responsibilities include coordinating the annual audit process, partnering with external auditors and internal stakeholders to ensure timely execution, comprehensive control documentation, and effective remediation of findings.

The Compliance Analyst adheres to regulatory standards and internal policies by monitoring, evaluating and improving compliance programs.

This role requires a team-oriented person with strong analytical, communication and problem-solving skills, along with a solid understanding of industry regulations and risk management practices. 

Works across departments to identify potential compliance risks, support audits and draft and develop procedures that align with legal and ethical standards.

Plays a key role in maintaining transparency, protecting organizational integrity and ensuring operational accountability.

Typical compliance analyst duties:

Contract drafting and review

Coordinating compliance processes and procedures across organizational and functional boundaries

Researching regulatory requirements and assisting in the development of internal policies and procedures

Preparing reports and documentation to support compliance efforts and regulatory filings

Providing guidance to management regarding compliance policies, practices and internal controls

Ensuring critical business processes are documented and supported by appropriate controls

Supporting internal audits and risk assessments to identify and address compliance gaps

Collaborating with cross-functional teams to promote a culture of compliance and ethical behavior

Monitoring changes in regulations and advising on necessary updates to policies and procedures

Drafting policies and procedures

Compliance testing of operational controls

Coordinating annual compliance and controls audit

Annual Audit Oversight & Coordination

Serve as the primary coordinator for the organization’s annual compliance and control audits, partnering closely with internal stakeholders and external auditors.

Manage the full audit lifecycle, including planning, scoping, execution support, and post-audit remediation tracking.

Act as the central point of contact for auditors, ensuring timely and accurate delivery of requested documentation, control evidence, and process narratives.

Coordinate cross-functional teams (e.g., Compliance, Legal, Operations, Technology) to ensure audit readiness and alignment of control documentation with regulatory requirements.

Maintain and update audit-related documentation, including control matrices, narratives, testing evidence, and certifications, ensuring consistency with internal policies and regulatory filings.

Client Onboarding & IMA Review, and updates to existing client contracts

Collaborate with legal to review and interpret IMAs for new insurance clients.

Ensure onboarding documentation complies with internal policies and regulatory requirements.

Identify and escalate contractual compliance risks and inconsistencies.

Draft contracts and amendments with clients, prospects and vendors

Compliance Monitoring & Reporting

Assist in the development and execution of compliance monitoring programs tailored to insurance mandates.

Maintain accurate records of compliance reviews and findings.

Prepare periodic reports for senior management and regulatory bodies.

Work with external auditors on full-cycle annual audit to include cybersecurity, trading and testing PTCC

Regulatory Adherence

Stay current with relevant regulations (e.g., SEC, NAIC,) impacting insurance asset management.

Support regulatory filings and audits as needed.

Policy & Procedure Development

Contribute to the drafting and updating of compliance policies and procedures.

Provide guidance to internal stakeholders on compliance best practices.

Training & Communication

Assist in delivering compliance training to staff involved in client onboarding and account management.

Act as a liaison between compliance and departments to ensure consistent understanding of regulatory obligations.

Qualifications

Bachelor’s degree in finance, business, or related field; law degree preferred with admission to the Connecticut Bar.

5+ years of experience in compliance, legal, or operations within an asset management or insurance firm.

Strong working knowledge of IMAs and institutional client onboarding processes.

Familiarity with regulatory frameworks governing insurance asset management.

Excellent analytical, communication, and organizational skills.

Ability to work independently and collaboratively in a fast-paced environment.

Knowledge of Contract Insight systems, experience with Cobblestone highly preferred.

Working knowledge of systems like PTCC and MCO.

Intellectual curiosity and openness to utilize AI-enabled tools to enhance operational efficiency.

About US

For more information about NEAM please visit our website at www.neamgroup.com.

NEAM is a wholly owned subsidiary of General Re Corporation, which is a subsidiary of Berkshire Hathaway Inc. NEAM has developed proprietary decision-making tools and specialized services enabling the delivery of asset and capital management solutions to clients within the context of evolving regulatory, accounting and tax issues faced by insurance companies today.**

The firm’s culture is team oriented, collaborative, transparent, and intellectually curious.
We currently offer a hybrid schedule with M/F remote and T/W/TR in the office in Farmington, CT. 
**NEAM does not offer tax/legal advice.
It is the continuing policy of New England Asset Management to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability, marital status, liability for service in the armed forces, veteran status, citizenship, sexual orientation, gender identity, or any other characteristic protected by the applicable law. In addition, New England Asset Management provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.