Financial Crimes & Fraud Prevention Compliance- Compliance Consultant
Full-Time/ Hybrid (3 days per week in office)
Springfield, MA or Boston, MA
The Opportunity
As a Consultant on the Seniors and Vulnerable Adults Compliance team, you will have the opportunity to identify, respond to, and investigate cases of potential financial exploitation. You will speak to both customers and our field partners daily using your knowledge of life, annuity, and/or broker dealer products and services to evaluate exploitation. You will investigate and research these cases working closely with your peers, business partners, and regulators, as appropriate.
We are seeking candidates who have compliance, legal, risk, or operations experience, or who have the passion, interest, and necessary skills to grow in this field. This position will report to the Head of Anti-Money Laundering, Economic Sanctions, and Seniors and Vulnerable Adults Compliance.
The Team
The Financial Crimes & Fraud Prevention Compliance team sits within the Compliance & Ethics Department and is responsible for our fraud prevention, anti-money laundering and economic sanctions, anti-corruption, privacy and information security, and elder financial exploitation compliance strategies and programs.
Working as an integrated team of subject matter experts, Financial Crimes & Fraud Prevention Compliance aligns various compliance efforts to manage financial crimes and fraud compliance risk. The team is organized according to the risks it monitors (anti-money laundering and economic sanctions, privacy and information security, anti-corruption, elder financial exploitation and fraud), but integrating these various functions within the same team enables the Financial Crimes & Fraud Prevention Compliance team to effectively manage financial crime and fraud compliance risk across the organization. This is accomplished by greater and consistent coordination and communications with business lines and other control functions, development of an overall financial crimes and fraud risk assessment and risk appetite, data sharing and analytics across financial crimes and fraud prevention activities and efficient work flow and case management activities.
The Impact
- Identify, respond to, and investigate cases of potential financial exploitation across MassMutual's various business lines.
- Contact customers and our field partners as needed effectively and efficiently.
- Manage a diverse caseload, assessing priority and risk while documenting thoroughly.
- Work with our internal and external business partners as needed
- Initiate referrals to various States according to specific regulations
- Successful candidates will be able to work independently as well as contribute to projects.
The Minimum Qualifications
- Bachelor's Degree
- 5+ years of work experience compliance, legal, risk, or operations experience, or who have the passion, interest, and necessary skills to grow in this field.
- Due to the nature of this position, as part of the background check process, candidates must be able to pass a non-registered fingerprint background check to qualify as a fingerprinted person under FINRA
The Ideal Qualifications
- Meaningful experience in a regulatory compliance, legal, risk, or related function, ideally within the insurance or Broker Dealer; or who have the passion, interest, and necessary skills to grow in this field.
- Knowledge or experience with state, FINRA and other regulatory bodies regulations relating to seniors and vulnerable adult issues
- Strong written and verbal communication skills with the ability to generate precise and thorough documentation. This is a critical competency due to investigations and reports prepared by team may be subject to careful review by regulatory authorities.
- Must have the ability to maintain accuracy when under tight time constraints and be able to maintain a detail-orientated approach.
- Strong analytical skills, with the ability to effectively identify and communicate and address the full range of potential compliance exposures.
- Willingness to learn and ability to adapt to change driven by regulatory, industry, and business developments.
- Ability to communicate effectively with seniors and vulnerable customers, sometimes having difficult conversations.
- Exhibits strong work ethic and high ethical standards.
- Ability to meet deadlines.
What to Expect as Part of MassMutual and the Team
- Regular meetings with the team
- Focused one-on-one meetings with your manager
- Access to mentorship opportunities
- Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, veteran and disability-focused Business Resource Groups
- Access to learning content on Degreed and other informational platforms
- Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
#LI-FT1
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
Salary Range: $82,000.00-$107,600.00
What We Do
Since 1851, MassMutual’s commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We’re people helping people.
Together, we’re stronger.
Why Work With Us
MassMutual has the financial security and stability of a 170+ year old company, with the culture and energy of a startup. We work every day with the customer front of mind to build the best digital experience in the industry.
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Employees engage in a combination of remote and on-site work.