Compliance manager [h1.location_city]

Transamerica Retirement Compliance Program

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests. Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Transamerica is part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers. For more information, visit www.transamerica.com.

Job Description

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.

Proficiency using MS Office tools.

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.

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation Benefits

Competitive Pay

Bonus for Eligible Employees

Benefits Package

Pension Plan

401k Match

Employee Stock Purchase Plan

Tuition Reimbursement

Disability Insurance

Medical Insurance

Dental Insurance

Vision Insurance

Employee Discounts

Career Training & Development Opportunities

Health and Work / Life Balance Benefits

Paid Time Off starting at 160 hours annually for employees in their first year of service.

Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars.

Parental Leave fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.

Adoption Assistance

Employee Assistance Program

Back-Up Care Program

PTO for Volunteer Hours

Employee Matching Gifts Program

Employee Resource Groups

Inclusion and Diversity Programs

Employee Recognition Program

Referral Bonus Programs

Inclusion & Diversity

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We're thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

Giving Back

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Transamerica's Parent Company

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe. It offers investment, protection, and retirement solutions, always with a clear purpose : Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.