Sr. Compliance Analyst

Company Description:

Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we’re in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida.  For more information, please visit www.aspida.com or follow them on LinkedIn. 

Who We Are:

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For:

Aspida is seeking a skilled, self-motivated, and independent compliance professional for the role of Senior Compliance Analyst. The Senior Compliance Analyst is a senior-level compliance professional responsible for providing compliance oversight and guidance related to annuity products, including contract drafting, point-of-sale requirements, and contract administration. 

The successful candidate will have substantial insurance compliance experience and a demonstrated ability to interpret regulatory requirements, identify compliance risks, collaborate with internal business partners, and translate regulatory expectations into practical processes and controls. This position requires an experienced individual contributor who can independently manage complex compliance assignments. The Senior Compliance Analyst will serve as a subject-matter expert resource to internal stakeholders and will provide training, mentoring, and guidance to less-experienced compliance professionals. This role reports to the to the Senior Compliance Manager  and is required to be onsite at our Durham office 3 days a week. 

What You Will Do:

Annuity Product Compliance

• Provide compliance oversight and  guidance throughout the annuity product development lifecycle.
• Draft, prepare, and submit contract  forms, riders, endorsements, and related filings to the Interstate Insurance Compact and state insurance departments via SERFF, respond to  regulatory objections or requests for additional information and confirm final implementation of approved products.
• Evaluate point-of-sale requirements, disclosures, forms, sales materials, and related documentation for compliance with applicable laws, regulations, and internal standards.
• Support the annuity suitability and best-interest program, including the NAIC Suitability in Annuity Transactions Model Regulation (#275) best-interest standard, producer training and disclosure obligations, and Regulation Best Interest considerations for registered products.
• Provide compliance oversight of contract administration processes, including implementation, servicing, amendments, replacements, and other post-sale activities.
• Identify and assess compliance risks associated with annuity product design, distribution, sales practices, and administration.
• Review, approve, and where required file advertising and marketing materials.
• Partner with Legal, Product, Operations, Distribution, Marketing, and other stakeholders to resolve compliance issues and implement regulatory requirements.
• Support compliance for registered annuity products, including registered index-linked and variable annuities, coordinating with Legal and distribution partners on prospectus and disclosure content and applicable FINRA and SEC requirements.
• Monitor regulatory developments affecting annuity products and assess their impact on existing and proposed business practices.
• Provide subject-matter expertise and recommendations regarding annuity compliance requirements.

Compliance Analysis & Risk Management

• Independently conduct compliance reviews, assessments, monitoring activities, and research related to insurance and annuity products.
• Interpret applicable insurance laws, regulations, regulatory guidance, and company policies.
• Identify compliance gaps and proactively recommend appropriate corrective actions and controls.
• Assist in developing and enhancing compliance policies, procedures, standards, and internal controls.
• Support regulatory change management activities, including evaluating new requirements and coordinating implementation across impacted departments.
• Maintain appropriate documentation supporting compliance decisions, reviews, and recommendations.
• Support enterprise compliance programs as they apply to the annuity business, including anti-money laundering and Bank Secrecy Act requirements, privacy and data protection, records retention, and producer licensing and appointment oversight.
• Escalate significant compliance risks or issues to appropriate management.
• Manage complex non-financial regulatory filings in a timely manner; accurately review and prepare the state regulatory reports, and other regulatory filings.
• Perform special projects and ad-hoc tasks as required.

What We Provide:

• Salaried, DOE
• Relocation available
• Full-Time
• Full Benefits Package Available

What We Believe:

Not sure if you meet every qualification? We still encourage you to apply! We value inclusivity, welcoming candidates from diverse backgrounds, including non-traditional paths. Unique experiences enrich our team, and the willingness to dream big makes you an exceptional candidate!

At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.

What We Require:

• Bachelor’s degree from an accredited college or university (required).
• Minimum of 7 years’ experience in financial services compliance, with at least 3 years in a senior level individual contributor position.
• Professional insurance industry designation of AIRC (Associate, Insurance Regulatory Compliance) or FLMI (Fellow, Life Management Institute) preferred, or willingness to obtain within a defined period after hire.
• Demonstrated experience managing regulatory product filings and operational support for fixed and variable annuity products.
• Proven experience in drafting annuity contract forms based on the Interstate Insurance Compact product standards & State insurance regulations.
• Working expertise with the NAIC System for Electronic Rate and Form Filing (SERFF) and state-based filing systems.
• Proven ability to exercise independent judgment on complex compliance matters, reach defensible conclusions with limited oversight, and escalate significant risks appropriately.
• Strong analytical, organizational, and communication skills.
• Demonstrated ability to lead cross-functional projects that are completed within expected timelines.
• Critical thinking ability to use logic, reasoning and problem solving to identify best practices, alternative solutions, conclusions or approaches to challenges.
• Prior experience with reviewing and analyzing multiple complex data sources and documenting data elements, data flow, relationships and dependencies.
• In-depth knowledge of state and federal life and annuity regulation, including tax- and non-tax-qualified contract structure, riders, endorsements, and insert pages.
• Ability to manage multiple priorities and manage projects independently.