Compliance Specialist

Job Description

Job Description

At Northwestern Mutual – Minneapolis , our mission is Securing Futures, Enhancing Lives and Creating Legacies for businesses and individuals in Minnesota and throughout the United States. We bring that mission to life through comprehensive financial planning, exceptional client service, and industry-leading insurance and wealth management solutions.

As a Compliance Specialist , you will be part of a team responsible for supporting the Network Office's supervision strategy and risk management practices. You'll help safeguard the integrity of our business by monitoring compliance, evaluating potential risks, and supporting regulatory oversight efforts. We are seeking someone who is detail-oriented, analytical, and collaborative, with a strong ability to build relationships, assess risk, and contribute to sound business decisions. This role offers a unique growth opportunity for someone eager to develop expertise in regulatory oversight, obtain professional licenses, and build a career path toward becoming a qualified Field Supervisor.

Responsibilities include but are not limited to:

• Assist Field Supervisors in ensuring that the operational, sales, and service activities of registered representatives and team members comply with all applicable laws, regulations, and company policies.
• Monitor the activities of supervised persons through supervisory reports, reviews, inspections, and interviews, escalating potential concerns, exceptions, or inconsistencies to Field Supervisors in a timely manner.
• Conduct research and assist in the investigation and evaluation of suspected compliance, supervisory, or regulatory issues.
• Maintain accurate and complete records documenting supervisory activities, compliance reviews, investigations, and outcomes within the Network Office.
• Ensure adherence to books and records requirements established by regulatory agencies and company policies, including the retention and organization of required documentation.
• Recommend and support the development and implementation of goals, strategies, corrective actions, and process improvements that enhance supervision, compliance, and operational effectiveness within the Network Office.
• Develop and maintain subject matter expertise in regulatory and compliance matters, including FINRA, SEC, AML, state insurance and securities regulations, and other applicable supervisory requirements.
• Identify, assess, and communicate potential compliance, operational, reputational, and regulatory risks impacting the Network Office.
• Complete all required training and continuing education programs within established deadlines and apply knowledge gained to daily supervisory and compliance practices.

 

Qualifications

• FINRA Securities Industry Essentials (SIE), Series 7 & Series 63 and resident state life Insurance license or ability to obtain within 180-days of hire
• FINRA Series 9 & Series 10 within 270-days of hire

• Ability to complete required internal trainings

• Ability to travel locally around MN as required. Out-of-state travel as required (minimal time)
• Strong relationship management skills
• Highly detailed and data-oriented with solid critical thinking, organizational and analytical skills
• Good time management and ability to prioritize and manage multiple tasks
• Desire to learn and seek solutions from available resources
• Ability to maintain accuracy and meet daily deadlines
• Strong written and oral communication skills

Compensation:

• $60,000/year
• Increases as required licenses are obtained include:
  • Upon successful completion of the SIE, Series 7, Series 63 and state life, accident & health insurance license an additional $5,000 will be added to salary
  • Upon successful completion of the Series 9 and Series 10 an additional $5,000 will be added to salary

We are looking for individuals to join our company who live by our core values: 

• Mutual Belief:   We share a deeply rooted belief in Northwestern Mutual, its financial planning philosophy, and its exclusive distribution system. We are committed to the mission of delivering financial security to our clients by integrating insurance and wealth management planning TOGETHER.
• Self-Driven Growth:  We are self-starters who actively seek to improve and evolve. We tackle challenges with creativity and a solutions-oriented mindset. We believe there is no limit to what we can learn or achieve. 
• Integrity and Trust:  We believe in doing the right thing. We take ownership of our actions and hold ourselves accountable. We earn trust by being consistent, dependable and transparent in all we do.
• Relentless Pursuit of Excellence:  We take pride in doing our best work. We show up, follow through, and aim for excellence - not for praise, but because our clients deserve nothing less.
• Service to Others:  We are here to serve - not just our clients but each other. We act with humility, lift those around us, and act in each other’s best interests. We lead by example and use our influence to build a stronger team, stronger community and stronger client relationships.

Job title will be reflected as Supervision Specialist.

 

Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM) and its subsidiaries in Milwaukee, WI.