Transamerica Financial Advisors (TFA) is searching for a dynamic and experienced Testing Lead Compliance Analyst to help mitigate TFA’s risk by reviewing and enforcing company policies. This candidate will support TFA’s compliance program covering both the broker-dealer and investment advisor. The ideal candidate should have experience creating and performing testing related to the broker-dealer’s annual 3120 testing/reporting and to the registered investment advisor’s annual 206(4)-7 testing/reporting, etc. In addition, the candidate will assist with compliance testing for World Financial Group (WFG). The candidate should possess and apply broad knowledge of FINRA, SEC, and other applicable regulators’ concepts and principles; work with minimal instruction or guidance with applicable latitude for un-reviewed action or decisions; and perform more complex assignments with minimal direction and guidance from management.

Responsibilities:

  • Conduct internal broker-dealer 3120 and registered investment advisor 206(4)-7 annual testing and assist in creating, drafting, and compiling annual reports related to firm testing.

  • Review and analyze current policies and procedures; identify, recommend, and assist the business in implementing new and/or enhanced practices.

  • Assist the Compliance Manager in reviewing and updating the Regulatory Risk Matrix and Compliance Testing Calendar and creating Management Reporting.

  • Develop, produce, and maintain reports to assist in compliance testing and risk mitigation.

  • Develop ways to improve the compliance testing program and enhance overall process efficiency/effectiveness.

  • Compile information for completion of reporting, including reports for management and state/federal regulators. With minimum supervision, perform analysis, identify trends, and follow up on opportunities for enhancement.

  • Manage, oversee, and analyze reports from internal business units and third parties (e.g., product providers, sub advisors, audit firms, etc.).

  • Update and maintain complete and accurate policies, procedures, and compliance logs or files, to include all testing/sampling records related to the firm’s testing.

  • Assist team members with research, assigned tasks, and provide training as needed.

  • Complete ad hoc tasks as needed by management.

Qualifications:

  • Bachelor’s degree in business, marketing, pre-law or other relevant field, or equivalent education and experience. 

  • Five years of insurance and/or securities regulatory compliance experience. 

  • A general knowledge of insurance and securities laws, regulations, rules, etc. 

  • FINRA licensing (Series 7 & 24 required).

  • Exemplary written and verbal communication skills.

  • Analytical and research skills.

  • Proficiency with MS Office tools, including strong proficiency in Excel.  

Preferred Qualifications:

  • FINRA licensing (Series 66) preferred

  • Prior experience conducting investigations and surveillance

  • Prior experience creating and performing testing related to the broker-dealer’s annual 3120 testing/reporting and to the registered investment advisor’s annual 206(4)-7 testing/reporting, etc.

Working Conditions:

  • Hybrid office environment: Cedar Rapids, Baltimore, Denver, Philadelphia

Compensation:

The Salary for this position generally ranges between $85,000 - $95,000 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.

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.