Operational Compliance Analyst

#LI-Hybrid

Overview

The Operational Compliance Analyst will be responsible for a variety of compliance-related activities in support of the Order’s compliance program. Under the supervision of the Director of Operational Compliance, they will manage, monitor, and support the daily activities for the anti-money laundering (AML) and anti-fraud programs, review and handle email sent to the Compliance.Officer group email box, as well as assist with the handling of customer and regulatory complaints and investigations.

Core Responsibilities

• Manage the reviewing/reporting of sanctioned individuals as identified by the United States Treasury Department’s Office of Foreign Assets Control (OFAC).
• Support the Society’s review of, and ensure compliance with, the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) programs.
• Support consumer and insurance department complaint processes as requested, including performing reviews of insurance complaints, gathering relevant and appropriate documentation, entering and updating complaint records in the complaints database, and/or drafting response letters.
• Review and handle or route to the appropriate department resource as requested email sent to the Compliance Officer group email box, including:
  • Reviewing, logging, and assigning of complaints received.
  • Reviewing/providing guidance on high-value annuity applications for AML purposes.
  • Reviewing/providing guidance on Suitability and Replacements.
  • Reviewing/providing guidance to New Business and Field Management on compliance issues related to operational activities.
• Perform or assist with testing compliance of established business operations against relevant regulatory requirements, including suitability with respect to the preparation of the annual Suitability Report to Senior Management.
• Support the Director of Operational Compliance in maintaining the Society’s AML, OFAC, and Anti-Fraud programs, including corresponding with regulatory authorities and law enforcement personnel as necessary or appropriate.

Compensation

The wage range for this role takes into account a broad array of factors that are considered in making compensation decisions, including but not limited to: skill sets; experience and training; licensure and certifications; and other business and organizational needs.  The range below applies as long as the work is performed in Connecticut; the Knights of Columbus reserves the right to adjust the wage range if the position is performed in another location.  At the Knights of Columbus, it is not typical for an individual to be hired at or near the top of the range for their role, and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $69,600 - $115,000.

Skills Qualifications

• Strong working knowledge of the material laws and regulations impacting the insurance operations of the Knights of Columbus, as well as of the insurance products offered by Knights of Columbus

Preferred:

• CFE, CAMS, ACS, AIRC, FMLI, IAPP, CIPP, CIPT, AIGP

Authorization to work in the United States is required.

This position is not eligible for visa sponsorship.

Education

Preferred:

• Experience with life insurance and annuity products, administration, and related compliance
• Bachelor’s degree (Master’s degree a plus)

Physical Demands