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Assistant Director Business Controls

At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference.

What's the role?

Responsible for developing and implementing home office policies and procedures to ensure compliance with all applicable state, broker/dealer and other regulatory requirements, and such policies and procedures have owners and are maintained in RECAP.

  • May consult with Enterprise Compliance to develop and implement processes to review field supervisors' approvals of annuity exchanges, rollovers and replacements to ensure required forms are completed and that information provided supports recommended exchanges, rollovers and replacements.
  • May work closely with Enterprise Compliance in the development of necessary training for the supervision of recommended annuity exchanges, rollovers and replacements.
  • May interact/respond to regulators on questions or information requests related to approvals and issuance of Northwestern Mutual life insurance and annuity products.
  • Ensures that all internal controls including required operational audits are done on time and with accuracy and completeness. Consult with first line of defense in the creation of audit action plans.
  • Proactively identifies opportunities to enhance compliance and create a strong culture of compliance within Client Advocacy.
  • Works closely with enterprise compliance to identify any new compliance requirements and to promptly address any compliance gaps.
  • Monitors for adherence to record retention guidelines.
  • Leads complex department and cross-department projects that relate to operational compliance and/or efficiency including incident management related to audits and remediation's.
  • Handles and resolves any issues related to corporate compliance, privacy/confidentiality, regulatory routing, anti-money laundering, complaints, legal and regulatory matters and other sensitive situations related to Client Advocacy.
  • Acts as the primary liaison to Compliance Integrated Services, Enterprise Compliance and ERA for Client Advocacy. Represents area in any audits, regulatory inquiries or other non-routine matters that are of a compliance or regulatory nature.
  • Consults with and trains/mentors Client Advocacy staff on compliance matters with a focus on ensuring that all of our team understands our compliance/regulatory obligations.

Bring your best! What this role needs:

  • Bachelor's degree in business or related field or equivalency and/or equivalent.
  • Minimum of eight years of professional experience with emphasis on compliance and regulatory functions within Insurance/Securities industry.
  • Strong working knowledge of Insurance/Securities industry rules and regulations and new issue processes, products and operations.
  • Demonstrated leadership, diplomacy and decision-making skills to include the abilities to lead operational change across the organization, evaluate, identify, diagnose and implement decisions and solutions to problems within the scope of the job.
  • Excellent written and oral communication skills with experience in writing and developing procedures.
  • Strong analytical skills matched with high degree of interpersonal savvy.
  • Strong organizational skills with demonstrated ability to identify and resolve key issues and execute and drive for outcomes within established scope and timelines.
  • Series 6 and 26 registrations are required for duties related to variable life and annuity products and/or mutual funds (to be obtained in a designated period of time).

Benefits:

  • Competitive base pay
  • 401K
  • Pension plan
  • Educational assistance
  • Performance based incentive pay
  • Medical, dental and vision insurance
  • Parental leave
  • Caregiver time off
  • ….and more

We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.

We will offer reasonable accommodations

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This position has been classified as a Registered Representative under NMIS guidelines and requires fingerprinting.

Required Certifications:

Series 26 - FINRA, Series 6 - FINRA

Grow your career with a best-in-class company that puts our client’s interests at the center of all we do. Get started now! 

We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.


FIND YOUR FUTURE

We’re excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and commitment to diversity and inclusion.