CP - Compliance
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
American General Life Insurance Company
We have an exciting opportunity for a Surveillance Analyst to join our Compliance team! You will be responsible for completing subjective reviews including, but not limited to: Financial Advisor/Branch/Regional profile, Product profile, adherence to policy and procedure for cause and/or discovery.
Specific responsibilities will include:
- Identify and assist in mitigating compliance risk within the organization.
- Review Field Advisor(s) business for common risk and regulatory issues.
- Create summaries detailing negative trends including, but not limited to: product concentration, sales concentration, suitability concerns, high rates of exchanges, replacements and rollovers, mutual fund B-share and C-share concentrations, high rates of mutual fund switching, liquidity issues and the accuracy of documentation regarding expenses and the comparison of product features.
- Deliver and track trend/for cause summaries to internal business units for review and follow up. Units such as: Supervision, Consumer Compliance, Field Compliance and/or Senior Management.
- Participates in the creation and issuance of written procedures and respective Compliance communications.
- ERISA/DOL Fiduciary Duty Rule reporting and metrics of material conflicts of interest and identifying Advisers' adherence to the impartial conduct standards.
- Manage and maintain strong relationships with business partners.
- Communicates and escalates issues as appropriate to the Senior Management.
- Stay current on trends in our business.
- We will consider recent college grads with a degree in finance and an internship within the financial services industry; OR
- Bachelor's degree and 1-2+ years of experience in the financial securities industry.
- Must be proficient with MS Office Suite. MS Excel is a must.
- Must be detail-oriented, intuitive, innovative, and have the ability to handle a high volume of work independently.
- Must have effective communication skills with the ability to articulate concerns, both written and verbal.
- Must have knowledge of the retail brokerage business and common investment products including mutual funds, variable annuities, alternative investments, stocks, and bonds. Strength in variable annuities and mutual funds highly preferred.
- Ability to interpret and apply Standard Operating Procedures, the Sales Practice Manual, FINRA rules, SEC rules, product prospectuses, Compliance notices and other regulatory publications.
- FINRA Series 7 preferred, but should be obtained within the first six months of employment. Two testing opportunities will be allowed. FINRA Series 24 preferred, but should be obtained within the first six months of employment (if S7 is already secured) or within six months of obtaining S7. Two testing opportunities will be allowed.
It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
At AIG, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives