Great-West Financial Empower Retirement

  • Senior Specialist Regulatory Compliance

    Location US-CO-Denver (DTC)
    Posted Date 6 days ago(6 days ago)
    Job ID
    # Positions
  • Position Highlights

    The Senior Specialist - Regulatory Compliance helps the organization fulfill various regulatory requirements, develop and implement effective compliance policies/procedures, and implement oversight programs intended to reasonably ensure compliance with federal and state securities and insurance regulations that govern the organization's business activities and associated persons.   Supports the organization and its customers by working collaboratively with business partners to establish a compliance framework in line with external regulations and internal policies

    Primary Responsibilities

    The Senior Specialist - Regulatory Compliance will perform duties that involve any combination of the following as assigned, escalating to management where more complex or higher risk situations are involved.

    • Facilitate implementation of various SEC, FINRA and/or State regulatory requirement(s) and development of effective and efficient supervisory and compliance oversight
    • Coordinate or assist with responses to regulatory examinations, U-4/U-5 disclosure inquiries, complaints (filed through regulators), miscellaneous inquiries/record requests, or internal audits
    • Draft new or updated written organizational policies, as well as internal department policies and procedures, for review/approval by management as needed.  Draft policy update communications to effected personnel, as assigned
    • Monitor and analyze complex proposed new and amended federal and state regulations, identifying potential impact to the organization and needed changes to policies, procedures and/or operations
    • Provide general guidance and direction to business partners on compliance considerations in support of initiatives intended to improve customer experience, drive business or product expansion and/or gain efficiencies
    • Coordinate and/or assist with Compliance oversight programs, including but not limited to, surveillance of electronic communications, customer complaint handling, brokerage account trading, gifts/entertainment and other non-cash compensation policies, and call monitoring
    • Investigate facts/circumstances of potential policy infractions and/or operational procedure deficiencies, recommending an appropriate course of action.   Draft proposed correction actions, policy reminders and/or disciplinary action communications for management review/approval prior to delivery, as needed
    • Conduct risk-based analysis and decision-making, in accordance with external regulations and internal policies, related to:  (a) background checks for registration candidates; (b) ongoing activities of the organization’s employees or other associated persons of regulated subsidiaries; and (c) policy exception or interpretation requests.  Escalates more complex issues as needed
    • Submit regulatory filings and maintain various books/records as applicable to assigned work.  Compile periodic statistical and productivity data reports, including trend analysis commentary, as required by regulators and/or for internal management
    • Coordinate training needs analysis, course content development, delivery and tracking of required compliance continuing education training and other policy reminder communications.  Present   “in person” and/or Webinar training regarding compliance policies/procedures and regulatory trends
    • Serve as a department ambassador by responding to a broad range of questions from business partners regarding compliance with firm policies and procedures
    • Other duties, projects and initiatives as assigned


    What You Bring to the Role

    • Bachelor's Degree in related field or equivalent experience
    • 5+ years financial services industry experience
    • Minimum of 2+ years in directly related compliance role
    • Basic knowledge of SEC/FINRA rules governing broker/dealers
    • Must hold a FINRA Series 6 or 7 qualification
      • Must obtain Series 24 OR 26 within 90 days of hire
    • FINRA Fingerprinting
    • Proven ability to:
      • Take initiative for assigned work, process and efficiency improvements, developmental opportunities, etc.
      • Manage multiple, competing priorities with strict deadlines
      • Design/deliver clear, succinct and respectful written/verbal communications across audiences
      • Demonstrate exceptional interpersonal skills with ability to effectively interface with a variety of external/internal contacts

    What We Hope You Have in Addition

    • FINRA Series 63 qualification

    Additional Information

    • The position requires broad autonomy to make independent, risk-based decisions in line with business and organizational strategic and objectives, executing action plans for the majority of situations within scope of expertise.  Guidance and/or advance consent from Lead Regulatory Compliance Specialist, management and/or Chief Compliance Officer is generally required for recommendations of material policy revisions, highly complex or sensitive situations, and/or where there is a high regulatory risk or widespread business impact.  Expected to independently manage tasks and project assignments to meet or exceed regulatory and internally set deadlines.  
    • External Contacts
      • Personnel from SEC, FINRA and State Regulatory agencies
      • Third party service vendor contacts
    • Internal Contacts
      • Management and personnel (sales, service and back office operations) from all business segments
      • Corporate Support personnel

    About Great-West Financial

    At Great-West Financial® and Empower Retirement, our more than 5,700 global associates are dedicated to helping customers secure their financial futures. We offer a range of retirement savings products, life insurance, annuities and investment services from offices across the country. If you’re interested in joining a company that enjoys a record of strong performance and is rich in history yet innovative, bold and transformative, then our organization is an outstanding place for you to grow and succeed. We’re an equal opportunity employer dedicated to workforce diversity. We’re also committed to providing a drug-free workplace.


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