Regulatory Counsel & Compliance Officer
Posted 1 day ago by R Systems, Inc.
Negotiable
Undetermined
Remote
Remote
Summary: The Regulatory Counsel & Compliance Officer at R Systems will manage compliance and regulatory matters related to MYGA products, ensuring adherence to state and federal regulations. This role involves drafting policies, overseeing licensing processes, and coordinating with external counsel on governance and regulatory strategies. The ideal candidate will have significant experience in insurance regulatory law, particularly in life and annuity sectors, and will thrive in a fast-paced environment. The position is remote, offering opportunities for professional growth and engagement in a dynamic company culture.
Key Responsibilities:
- Manage MYGA product form and rate filings through the IIPRC/Compact and directly with state departments as applicable
- Draft, review, and maintain compliance policies, procedures, and training materials
- Oversee suitability review processes and ensure compliance with the NAIC Suitability in Annuity Transactions Model Regulation
- Manage producer licensing, appointment, and termination processes
- Coordinate market conduct compliance for IMO/FMO/BGA distribution partners, including onboarding compliance reviews, ongoing monitoring, and corrective action
- Support preparation and timely submission of TDI annual, quarterly and Form D regulatory filings in coordination with the outside counsel
- Coordinate with outside counsel and advisors on corporate governance matters, and state expansion regulatory strategy
- Monitor regulatory developments at the NAIC, TDI, and multi-state level, particularly as they relate to fixed annuity products, suitability, and market conduct
- Assist with due diligence and regulatory aspects of reinsurance agreements and distribution contracts
- Build and maintain the company s compliance management system, including a regulatory calendar and issues log
Key Skills:
- J.D. from an accredited law school; state bar admission required (Texas preferred) or ability to obtain promptly
- 3-7 years of experience in insurance regulatory law or compliance; life and annuity insurer experience strongly preferred
- Familiarity with TDI regulatory processes, the Texas Insurance Code, and NAIC model regulations
- Experience with IIPRC/Compact product filings is a meaningful advantage
- Strong written and verbal communication skills; ability to draft clear, defensible regulatory correspondence and internal policy documents
- Demonstrated ability to manage multiple workstreams independently in a fast-paced environment
Salary (Rate): undetermined
City: undetermined
Country: undetermined
Working Arrangements: remote
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
About R Systems:
R Systems is a leading digital product engineering company that designs and develops chip-to-cloud software products, platforms, and digital experiences that empower its clients to achieve higher revenues and operational efficiency. Our product mindset and engineering capabilities in Cloud, Data, AI, and CX enable us to serve key players in the high-tech industry, including ISVs, SaaS, and Internet companies, as well as product companies in telecom, media, finance, manufacturing, and health verticals. We Are Great Place to Work Certified in 10 countries with a full-time workforce [India, USA, Canada, Poland, Romania, Moldova, Indonesia, Singapore, Malaysia & Thailand]! We are recognized as one of the Best Tech Brands 2024 by the Times Group and India's Top 500 Value Creators 2023 by Dun & Bradstreet.
Company Link:
Job Description
Key Responsibilities
- Manage MYGA product form and rate filings through the IIPRC/Compact and directly with state departments as applicable
- Draft, review, and maintain compliance policies, procedures, and training materials
- Oversee suitability review processes and ensure compliance with the NAIC Suitability in Annuity Transactions Model Regulation
- Manage producer licensing, appointment, and termination processes
- Coordinate market conduct compliance for IMO/FMO/BGA distribution partners, including onboarding compliance reviews, ongoing monitoring, and corrective action
- Support preparation and timely submission of TDI annual, quarterly and Form D regulatory filings in coordination with the outside counsel
- Coordinate with outside counsel and advisors on corporate governance matters, and state expansion regulatory strategy
- Monitor regulatory developments at the NAIC, TDI, and multi-state level, particularly as they relate to fixed annuity products, suitability, and market conduct
- Assist with due diligence and regulatory aspects of reinsurance agreements and distribution contracts
- Build and maintain the company s compliance management system, including a regulatory calendar and issues log
Qualifications
- J.D. from an accredited law school; state bar admission required (Texas preferred) or ability to obtain promptly
- 3 7 years of experience in insurance regulatory law or compliance; life and annuity insurer experience strongly preferred
- Familiarity with TDI regulatory processes, the Texas Insurance Code, and NAIC model regulations
- Experience with IIPRC/Compact product filings is a meaningful advantage
- Strong written and verbal communication skills; ability to draft clear, defensible regulatory correspondence and internal policy documents
- Demonstrated ability to manage multiple workstreams independently in a fast-paced environment
- Frequent Internal Hackathons: Engage in dynamic competitions with exciting prizes to keep your skills sharp.
- Cultural Celebrations: Strengthen our familial bonds through shared celebrations, fostering a sense of community.
- Diverse Project Exposure: Work on a variety of projects across sectors like Healthcare, Banking, e-commerce, and Retail, collaborating with leading global brands.
- Centre of Excellence (COE): Benefit from technical guidance and upskilling opportunities provided by our team of technology experts, helping you navigate your career path.
- E-Learning Platform: Gain access to comprehensive e-learning platforms coupled with a robust mentorship program to enhance your skills.
- Open Door Policy: Embrace a culture of mutual support, respect, and open dialogue, promoting a collaborative work environment.