Compliance Analyst

Summit, NJ, United States

Job Description Job Description Department: Compliance

Position Title: Compliance Analyst/Licensing and Contracting

Reports to: Director of Compliance, Simplicity Group

Summary: The Compliance Analyst will assist the Director of Compliance in the development, direction and implementation of company-wide policies and procedures. This position requires someone with a compliance background and an interest in obtaining deeper knowledge and additional compliance experience related to a RIA and the insurance industry.

Primary Responsibilities:

· Lead the Licensing and Contracting function for Simplicity firms

· Assist in maintaining required books and records

· Advise on compliance issues and assist Simplicity in development of procedures

· Support compliance functions such as recordkeeping and communications within the organization

· Support new business/suitability requirements

· Stay abreast of regulatory and legal developments and communicates current state of legislative issues to management

· Assist with regulatory and compliance training

· Partner with Director of Compliance to address compliance requirements with subsidiaries

Qualifications:

· Bachelor’s Degree or comparable experience

· 3 years’ experience in compliance or similar role

· Understanding of RIA or BD compliance and the related legislative, regulatory, distribution requirements associated with them

· Experience within a financial institution in a licensing and contracting role or similar.

· Preferred licenses - Series 6/650 (not required)

· Ability to read, analyze and interpret both internal and external documents such as general media/publications, professional journals, technical procedures, governmental regulations, policies, proposals, and standard operating procedures

· Ability to anticipate, monitor, and supervise compliance risks

· Proficiency with Microsoft Office and Google Suite

Core Competencies:

· Creative problem-solver

· Proven strategic decision-making ability

· Thrives in a highly dynamic, fast-paced environment, within tight deadlines while quickly shifting priorities, serving multiple customers and managing multiple assignments

· Demonstrated leadership and a self-starter

· Collaborative team player

· Able to balance the needs of the business within regulatory parameters

· Outstanding and consistent communication skills

· Ability to effectively partner with business clients by anticipating business needs and working toward success in a productive/timely manner within scope of responsibility

· Strong written and verbal communication skills

· Demonstrated strong relationship management skills with both internal and external partners, clients

· Demonstrates ability to use sound judgement and discretion regarding confidential information

Compensation:

· Base salary: $75,000 - $85,000, based on experience

· Performance bonus target: 10%

· Employee benefits (health, 401k, life, etc.)

· Paid Time Off

· Paid Parking

Location : Summit, NJ; this is a full-time, M-F, in-office position

Travel Requirements : Limited

Company Description Headquartered in Summit, New Jersey, Simplicity Financial Marketing Group Holdings (“Simplicity Group”) is a financial holding company in the independent financial services sector that specializes in the distribution of retirement and financial planning products. Simplicity Group partners with insurance and investment professionals to help provide consumers with guaranteed income and life insurance products, wealth accumulation strategies, and long-term care protection in support of a holistic financial strategy.

Through its vast distribution network, Simplicity Group has assisted with the placement of more than $6.2 billion of insurance financial assets and has $7 billion of assets under management and advisement as of Q4 2022. Simplicity Group is a fast-growing business, focused on organic growth initiatives to help its distribution partners expand their businesses but which is also focused on growing by acquisition. Simplicity Group has over 950 employees and 65 operating subsidiaries. Simplicity Group is owned by one of the leading NYC-based financial services private equity funds and by its operating Partners, who help drive Simplicity Group’s day-to-day business.

For more information, please visit simplicitygroup.com. Company Description Headquartered in Summit, New Jersey, Simplicity Financial Marketing Group Holdings (“Simplicity Group”) is a financial holding company in the independent financial services sector that specializes in the distribution of retirement and financial planning products. Simplicity Group partners with insurance and investment professionals to help provide consumers with guaranteed income and life insurance products, wealth accumulation strategies, and long-term care protection in support of a holistic financial strategy.\r\rThrough its vast distribution network, Simplicity Group has assisted with the placement of more than $6.2 billion of insurance financial assets and has $7 billion of assets under management and advisement as of Q4 2022. Simplicity Group is a fast-growing business, focused on organic growth initiatives to help its distribution partners expand their businesses but which is also focused on growing by acquisition. Simplicity Group has over 950 employees and 65 operating subsidiaries. Simplicity Group is owned by one of the leading NYC-based financial services private equity funds and by its operating Partners, who help drive Simplicity Group’s day-to-day business. \r\rFor more information, please visit simplicitygroup.com.

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