Assistant Director, Separate Accounts & Regulatory Compliance
Constellation Insurance, Inc., Cincinnati, OH, United States
The
Assistant Director, Separate Accounts & Regulatory Compliance
is responsible for assisting in managing both the compliance programs for the company's SEC‑registered separate accounts supporting variable annuity and variable life insurance products and non‑registered annuity and insurance products. This role helps ensure compliance with Rule 38a‑1 under the Investment Company Act of 1940, the Securities Exchange Act of 1934, and all applicable federal and state insurance and securities regulatory requirements. The Assistant Director will help oversee compliance monitoring, testing, governance, reporting and coordination with internal and external stakeholders, including service providers, auditors, and regulators.
Your role and impact Here's a glimpse of your responsibilities and the meaningful impact you'll create as the
Assistant Director, Separate Accounts & Regulatory Compliance :
Assist in administering and performing the 38a‑1 compliance program for the company's registered Separate Accounts.
Assist in maintaining the compliance policies and procedures for Separate Accounts to ensure continual effectiveness and alignment with regulatory expectations.
Assist in performing annual and ongoing Separate Accounts risk assessments for each separate account.
Assist the CCO -- Separate Accounts with drafting the annual Rule 38a‑1 report to the Audit Committee of the Board, including providing testing results, material compliance matters, and program enhancements.
Administer and perform testing of separate accounts operations to ensure compliance with all applicable provisions of the '40 Act, including valuation, affiliated transactions, custody, and governance requirements.
Assist with and perform testing and review of required regulatory filings (e.g., N‑CEN, N‑PORT, N‑SAR if applicable, and prospectus updates).
Assist with and perform testing protocols for investment restrictions, diversification requirements, and operational controls.
Assist with and provide guidance to internal teams on '40 Act implications of new products and operational changes.
Assist in maintaining, updating, and executing a comprehensive compliance testing plan for separate accounts and non-registered annuity and life products.
Assist in identifying, tracking, and remediating compliance issues, control gaps, and regulatory findings for registered and non-registered products.
Assist in maintaining documentation of monitoring activities and ensure timely escalation of material compliance matters for registered and non-registered insurance products.
Assist and partner with Separate Account and non-registered insurance management, internal audit, risk management, and operational teams to strengthen controls.
Assist in and perform monitoring and testing anti‑fraud provisions, books‑and‑records requirements, and disclosure controls and procedures, as well as SEC filings. Support and assist as a primary point of contact for SEC examinations and inquiries related to separate accounts.
Assist the CCO -- Separate Accounts with preparation of materials for Board and committee meetings, including compliance updates, risk assessments, and regulatory developments.
Assist in monitoring emerging regulatory trends and new rules affecting separate accounts, variable and non-variable products.
Lead, mentor and assist in cross‑training compliance and Legal staff supporting Separate Accounts.
Assist in providing training to business partners on various Separate Accounts and other insurance issues.
Collaborate with product, legal, operations, and other business teams to ensure compliance is integrated into business processes.
What's In It For You
Competitive pay: Fair compensation for your hard work.
Healthcare coverage: Comprehensive medical, dental, and vision from day one.
Life insurance: Company‑paid coverage for you and your loved ones.
401(k) plan: Matching contributions to help secure your financial future.
Family support: Paid parental leave and reimbursement for adoption and surrogacy expenses.
Work‑life balance: Flexible time‑off policy to recharge and pursue passions.
Dress for your day: Express your style comfortably at work.
Inclusion and Culture: A respectful environment that values unique contributions.
Flexible work options: Remote, hybrid, and onsite opportunities at various locations across the U.S. for better work‑life integration.
Well‑being focus: Programs to support a healthy balance between work and home life.
Community connections: Build strong relationships through virtual and in‑person interactions, with resources for your growth.
What Sets You Up For Success
Bachelors degree
5+ years of experience in the life and annuity industry including non‑registered and separate accounts compliance, legal, or regulatory roles within insurance, asset management, or financial services.
Experience working directly with insurance‑dedicated funds, sub‑advisers, or fund‑of‑funds structures
Experience with compliance technology platforms (e.g., testing, monitoring, or regulatory reporting tools, spreadsheet administration applications such as DataSnipper)
Microsoft Office applications such as Word, Excel, Vizio, etc.
Preferred Requirements
Advanced degree (J.D. or M.B.A)
Prior experience preparing or reviewing SEC filings for separate accounts or mutual funds.
Experience with New York DFS regulations and regulatory compliance requirements.
Familiarity with NAIC regulations and state insurance department requirements covering non‑variable insurance products.
Knowledge of ERISA considerations for variable and non‑variable products.
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Assistant Director, Separate Accounts & Regulatory Compliance
is responsible for assisting in managing both the compliance programs for the company's SEC‑registered separate accounts supporting variable annuity and variable life insurance products and non‑registered annuity and insurance products. This role helps ensure compliance with Rule 38a‑1 under the Investment Company Act of 1940, the Securities Exchange Act of 1934, and all applicable federal and state insurance and securities regulatory requirements. The Assistant Director will help oversee compliance monitoring, testing, governance, reporting and coordination with internal and external stakeholders, including service providers, auditors, and regulators.
Your role and impact Here's a glimpse of your responsibilities and the meaningful impact you'll create as the
Assistant Director, Separate Accounts & Regulatory Compliance :
Assist in administering and performing the 38a‑1 compliance program for the company's registered Separate Accounts.
Assist in maintaining the compliance policies and procedures for Separate Accounts to ensure continual effectiveness and alignment with regulatory expectations.
Assist in performing annual and ongoing Separate Accounts risk assessments for each separate account.
Assist the CCO -- Separate Accounts with drafting the annual Rule 38a‑1 report to the Audit Committee of the Board, including providing testing results, material compliance matters, and program enhancements.
Administer and perform testing of separate accounts operations to ensure compliance with all applicable provisions of the '40 Act, including valuation, affiliated transactions, custody, and governance requirements.
Assist with and perform testing and review of required regulatory filings (e.g., N‑CEN, N‑PORT, N‑SAR if applicable, and prospectus updates).
Assist with and perform testing protocols for investment restrictions, diversification requirements, and operational controls.
Assist with and provide guidance to internal teams on '40 Act implications of new products and operational changes.
Assist in maintaining, updating, and executing a comprehensive compliance testing plan for separate accounts and non-registered annuity and life products.
Assist in identifying, tracking, and remediating compliance issues, control gaps, and regulatory findings for registered and non-registered products.
Assist in maintaining documentation of monitoring activities and ensure timely escalation of material compliance matters for registered and non-registered insurance products.
Assist and partner with Separate Account and non-registered insurance management, internal audit, risk management, and operational teams to strengthen controls.
Assist in and perform monitoring and testing anti‑fraud provisions, books‑and‑records requirements, and disclosure controls and procedures, as well as SEC filings. Support and assist as a primary point of contact for SEC examinations and inquiries related to separate accounts.
Assist the CCO -- Separate Accounts with preparation of materials for Board and committee meetings, including compliance updates, risk assessments, and regulatory developments.
Assist in monitoring emerging regulatory trends and new rules affecting separate accounts, variable and non-variable products.
Lead, mentor and assist in cross‑training compliance and Legal staff supporting Separate Accounts.
Assist in providing training to business partners on various Separate Accounts and other insurance issues.
Collaborate with product, legal, operations, and other business teams to ensure compliance is integrated into business processes.
What's In It For You
Competitive pay: Fair compensation for your hard work.
Healthcare coverage: Comprehensive medical, dental, and vision from day one.
Life insurance: Company‑paid coverage for you and your loved ones.
401(k) plan: Matching contributions to help secure your financial future.
Family support: Paid parental leave and reimbursement for adoption and surrogacy expenses.
Work‑life balance: Flexible time‑off policy to recharge and pursue passions.
Dress for your day: Express your style comfortably at work.
Inclusion and Culture: A respectful environment that values unique contributions.
Flexible work options: Remote, hybrid, and onsite opportunities at various locations across the U.S. for better work‑life integration.
Well‑being focus: Programs to support a healthy balance between work and home life.
Community connections: Build strong relationships through virtual and in‑person interactions, with resources for your growth.
What Sets You Up For Success
Bachelors degree
5+ years of experience in the life and annuity industry including non‑registered and separate accounts compliance, legal, or regulatory roles within insurance, asset management, or financial services.
Experience working directly with insurance‑dedicated funds, sub‑advisers, or fund‑of‑funds structures
Experience with compliance technology platforms (e.g., testing, monitoring, or regulatory reporting tools, spreadsheet administration applications such as DataSnipper)
Microsoft Office applications such as Word, Excel, Vizio, etc.
Preferred Requirements
Advanced degree (J.D. or M.B.A)
Prior experience preparing or reviewing SEC filings for separate accounts or mutual funds.
Experience with New York DFS regulations and regulatory compliance requirements.
Familiarity with NAIC regulations and state insurance department requirements covering non‑variable insurance products.
Knowledge of ERISA considerations for variable and non‑variable products.
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