Consultant, Corporate Compliance
Nationwide
Location: Ohio - Columbus Metro
If you're passionate about being part of a diverse organization that enables a Fortune 100 company to deliver innovative business solutions with excellence, then Nationwide's Legal team could be the place for you!
This position will be a on a hybrid schedule with in-office expectations. The ideal candidate will be one in Columbus Ohio.
This position is a critical role in NFS Compliance holding the responsibility of creating all Compliance Communications for the Nationwide Broker Dealers and Registered Investment Advisors and participating in the administration and compliance of the Broker Dealer Continuing Education program. This consultant level role specifically works closely with Compliance management and Subject Matter Experts to draft the monthly Compliance Insiders, Compliance Alerts and the quarterly NFS Compliance Communicator.
This role additionally works with other team members in creating and administering Compliance Training courses that support the FINRA Annual Firm Element program, ongoing Life, Annuity and Retirement Solutions compliance training, the Broker Dealer and Investment Advisor on-boarding training program, and the Annual Compliance Meeting video, working both with Senior NF Leadership and the vendor supporting this production. This role is also responsible for maintaining the department's SharePoint site, assisting with firm reporting, responding to regulatory and audit requests relating to training and communications, and facilitating the Broker Dealer's Continuing Education Committees, which evaluates the overall compliance training program, ensuring it continues to meet the needs of educating Nationwide's registered associates.
Candidates must have excellent writing and written/verbal communication skills, have a strong attention to detail and be highly organized. Knowledge of the NF business organizational structure and experience in training and/or the Captivate software is a plus. This position prefers FINRA Series 7 and 24 licenses, however, they are not required.
Job Description Summary:
Are you someone who is compelled to “do the right thing?” Are you able to make decisions to ensure regulatory and legal compliance that protects a business and its customers? If you thrive in an environment where you can solve tricky issues and find ways to achieve business goals within the complex, highly regulated insurance industry, we want to know more about you!
We work across the enterprise to help our business partners find ways to work through issues successfully. Nationwide's culture of compliance and passion for providing extraordinary care to its customers makes the Office of Compliance & Ethics a valued partner across the Nationwide enterprise.
As a Compliance Consultant, you will collaborate with our business partners to ensure that business operations are conducted in compliance with regulatory, legal and organizational requirements. You’ll plan, perform and lead various types of compliance reviews with our business partners.
Job Description:
Reporting Relationships: Reports to Manager/Director; may be an individual contributor or manage a team of less than 4 associates. May lead a virtual or project team.
Key Responsibilities:
Provides multi-level and multi-issue compliance consulting and advisory services to a diverse mix of customers, including administration, sales, marketing, actuarial, systems, claims, attorneys, accountants, financial advisors, and government and regulatory agencies.
Analyzes various regulations impacting the products and procedures of assigned product and/or functional area. Facilitates the development of policies and procedures and collaborates with our business partners to implement them.
Creates and maintains various reports and metrics for trend analysis.
Creates and maintains internal manuals, documentation files, and other related regulatory records on more complex subjects, ensuring that our records and resources are up-to-date and remain accurate.
Stays informed of compliance and regulatory industry updates and trends by attending professional seminars and continued education programs. Applies information learned to advance or enhance the compliance program.
Creates and facilitates various types of compliance training or presentations for business partners, often on more complex subject matter.
Leads the production of documents and requests for regulatory exams, investigations, subpoenas, etc. including responses to regulatory inquiries.
Collaborates with business leaders to develop and implement corrective actions for identified compliance issues. Monitors corrective action through resolution.
Identifies innovation and continuous improvement opportunities. Follows through to develop the ideas in collaboration with business partners and Compliance staff.
Performs risk assessments and modifies compliance program accordingly.
Creates and performs testing on business unit procedures to ensure compliance with business unit policies. Analyzes results to identify key trends and makes recommendations to our business partners accordingly.
Employs data analytics to strengthen and expand compliance program.
Performs other responsibilities as assigned.
Typical Skills and Experiences:
Education: Undergraduate studies in business administration, insurance, business ethics, criminal justice, computer science, finance or pre-law is preferred.
License/Certification/Designation: Depending on the specific Compliance team, you may be required to obtain professional licenses/registrations within a designated period of time.
Experience: Typically, eight or more years of related work experience in financial services, insurance, compliance, or a related field.
Knowledge, Abilities and Skills: Able to build and foster relationships. Demonstrates strong communication skills. Proven ability to set priorities, organize work, and meet timelines. Creative, innovative, analytical thinking, and problem-solving skills. Able to optimally evaluate and recommend solutions to complex compliance issues. Strong research and documentation development skills. Insurance, and/or financial services knowledge is preferred. Data analytic experience is a plus. Other criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the Director and Human Resources.
Values: Regularly and consistently demonstrates the Nationwide Values.
Job Conditions:
Overtime Eligibility: Exempt (Not eligible)
Working Conditions: Normal office environment. Nonstandard work hours may be required due to pending compliance issues and project work. Occasional field travel for inspections.
ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.