Description:
As a Compliance Consultant, you will support the execution, maintenance, and continuous improvement of Symetra’s Anti-Money Laundering (AML) and OFAC compliance programs to include its subsidiaries. You will play a key role in identifying, assessing, and mitigating financial crimes risks across the organization and partners closely with business and operational teams to ensure compliance with regulatory requirements applicable to a life insurance company.
This role is well suited for an experienced AML professional with an insurance background, exposure to high-net-worth and foreign national risks, and the ability to analyze large data sets and leverage technology to drive risk-based outcomes.
What You Will Do
- Support the development, maintenance, and implementation of AML and OFAC compliance policies, procedures, and controls in accordance with regulatory requirements and life insurance industry best practices.
- Perform monitoring, investigation, and documentation of suspicious activity, including alert review, case investigations, customer due diligence, sanctions screening results, and preparation of suspicious activity reports or referrals.
- Provide support to the periodic AML and OFAC risk assessments and controls testing, including analysis of high-risk customer segments such as high-net-worth individuals and foreign national policyholders.
- Analyze large volumes of data from multiple sources to identify trends, anomalies, and potential financial crimes risks, using technology and system tools to support efficient and effective reviews.
- Support the ongoing administration and optimization of the LexisNexis Bridger platform and related financial crimes systems, including screening logic, alert analysis, data quality reviews, and issue resolution.
- Partner with cross-functional stakeholders such as New Business, Operations, Technology, Legal, Risk Management, Special Investigations, Investments, and Finance to provide AML and OFAC guidance and ensure compliance considerations are embedded into business processes and system design.
- Provide subject matter guidance to first-line teams on AML, OFAC, and financial crimes requirements, red flags, and escalation expectations, with particular focus on insurance-specific and high-risk customer activity.
- Support the development and delivery of AML and OFAC training materials, including content related to high-net-worth and foreign national risks.
- Participate in enterprise and compliance-led initiatives related to financial crimes, regulatory change management, data and technology enhancements, and program effectiveness.
- Escalate identified risks, issues, or potential violations in a timely and well-documented manner, providing clear analysis and recommended actions.