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Compliance Consultant - Sammons Institutional Group

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Date: Feb 15, 2019

Location: West Des Moines, IA, US, 50266

Company: Sammons Financial Group

Sammons® Financial Group’s (SFG) member companies offer some of today’s most sought after life insurance, annuity, and retirement planning products. Unlike most financial organizations, our companies are not publicly traded, which means we’re focused on long-term value rather than short-term earnings pressures. As a privately held company, our leaders and employees remain consistently focused on long-term growth, making decisions that allow us to deliver on our commitments to customers, distribution partners, our employees, and our communities. Individually, our companies provide value in the products and services they offer. Together we represent a history of strength and longevity. 


Here is what you can expect when you join SFG:


  • A Casual dress code which includes jeans. 
  • A rich company culture driven by private ownership and intentional leadership that inspires employees to engage in our healthy, high-performing and values based culture.
  • Healthy balance between work and personal lives.  Friday afternoons off all year long, competitive PTO and generous number of paid holidays. 
  • Great benefits including medical, dental, vision, wellness plan, charitable giving programs, education assistance… to name a few!
  • ESOP- A generous 100% company funded retirement plan. 


Here's what you can expect as the Compliance Consultant.

Manage compliance activities for Sammons Institutional Group (SIG) that support Compliance regarding regulatory authorities and state insurance laws for fixed, indexed and variable annuities. Serve as a resource and compliance liaison to other internal and external customers including on-boarding of new Registered Representatives (RRs), manage fingerprint process for all non-registered employees, manage U-4 amendments and mitigate risk to the organization by analyzing marketing/advertising materials to ensure we meet FINRA regulations. 

  1. Provide FINRA review of advertising and marketing materials for SIG communication channels to ensure compliance with FINRA, SEC and state regulatory requirements. Electronic communication review and monitoring (AdvisorMail).
  2. Manage the on-boarding of new registered representatives to Sammons Financial Network (SFN) which includes; reviewing FINRA, credit and background reports, assist new representatives on knowing licensing requirements in required states and schedule exams for new SRS sales teams to meet their licensing requirements. 
  3. Manage fingerprinting process for all non-registered employees and ensure all are completed timely.  
  4.  Identify continuing education (CE) requirements of our current registered representatives, advise registered representatives on their CE requirements and schedule their exams as needed. 
  5. Manage U-4 amendment (outside business activity, address changes, disclosures, state) process for SFN as needed to update FINRA databases within required timeframes.
  6. Manage annual year end renewals and state registrations for sales teams to ensure all licensing requirements are accurate and updated in addition to being accountable for record retention of this information.
  7. Partner on FINRA, SEC, and state market conduct exams, audits, and regulatory inquiries.
  8. Train and educate the SIG marketing department on SIG compliance and current and new FINRA issued advertising guidelines that impact how marketing materials are created and reviewed for approval.  
  9. Key contact to manage, sort and track digital and hard copy FINRA required compliance marketing files.
  10. Maintain and update corporate advertising guidelines and disclosure documents for all products to ensure marketing materials have appropriate disclosures. Responsible for creating and updating disclosure processes and procedures as needed.
  11. Collaborate with internal departments to manage compliance project completions, answer questions and clarify any areas of concern or discrepancy and keep management informed on any changes or roadblocks to project deadlines. 
  12. Assist in the management of compliance programs for SIG/SFN included, but not limited to; annual compliance meetings, annual compliance questionnaires, books/records review, outside business activity review, firm element, personal security accounts review and



  • FINRA licensed, Series 6 and 26 or 7 and 24 is required; candidates that are willing to commit to obtaining these licenses within 9 months of start date may be considered
  • 2+ years of experience dealing with compliance and variable products in an insurance environment preferred
  • Solid knowledge of Mutual Fund, Variable Life, Variable Annuity products and insurance company operations
  • Solid knowledge of securities regulations (state, federal and FINRA) impacting variable life and variable annuity products
  • Ability to utilize PC administrative tools (e.g. Microsoft Office – Word, Excel, Access)
  • Understanding of the electronic filing system used by FINRA for submission of advertising reviews.
  • Excellent oral and written communication skills
  • Travel may be required for up to two conferences annually
  • Ability to be a team player by demonstrating flexibility, understanding of other positions, providing constructive and relevant input to discussions
  • Exhibit ability to build and maintain ongoing key relationships with regulatory personnel as well as industry contacts and business partners
  • Strong work ethic
  • FINRA regulations may require fingerprinting for this position; Management reserves the right to determine and approve incumbent suitability for this position
  • Due to the financial nature of this position, a credit check (and background check dependent on the department) is required


Nearest Major Market: Des Moines

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