Compliance Consultant - Global Risk Management

Job Location: United States : New York : New York

Alternate Job Location: Not Applicable : Not Applicable

Work Arrangement: Hybrid

Role Value Proposition: 

MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to individual and institutional customers. We’re united by our purpose to help our customers and each other create a confident future; we’re guided by empathy; and we’re inspired by each other to make a difference in the lives of our coworkers, customers, communities, and the world at large. At MetLife, it’s #AllTogetherPossible. Join us!  

Compliance Risk Management (CRM) delivers a compliance risk framework that enables the businesses and functions to comply with applicable internal and external rules and regulations and maintain risk levels within MetLife’s risk appetite. CRM provides constructive challenge to the businesses and functions, partnering closely with them to implement strong processes and effective controls, as well as to foster and embed a culture of compliance. CRM is part of Global Risk Management (GRM).

The Compliance Consultant for US Core Compliance will be a strategic partner and advisor to MetLife’s US Third Party Risk Management (TPRM), and US Global Customer Services & Operations (GCSO).  In addition, this role will be responsible for critical elements of the US Core Compliance program that span all lines of business.  As an individual contributor, the Compliance Consultant will be responsible for compliance coverage for the TPRM and Complaint Handling (collectively ‘Business’).  This role entails working closely and collaborating with the Business on strategic initiatives and emerging issues.  In this capacity, this role will be responsible for offering credible challenge, escalation of issues and reporting as appropriate, and working closely with the Business to implement controls and guidelines while ensuring compliance with policies, procedures and standards, law, rules, and regulation. This role is expected to carry out compliance relevant regulatory responsibilities timely and accurately. This role will also independently manage compliance projects and work directly with business management on various compliance matters as well as other duties as prescribed.  The Compliance Consultant will report to the Head of MLH and US Core Compliance and will serve as a critical member on the US Core Compliance team.

Key Responsibilities: 

• Support Head of MLH and US Core Compliance to maintain highly effective and reliable US Core Compliance Program (TPRM and Complaint Handling).
• Provide support to business partners regarding the impact of laws and regulations, and helps with the development of policies and procedures.
• Advise the Business on the design and efficacy of appropriate controls and risk mitigation strategies.
• Advise on and provide review and challenge to TPRM and Complaint Handling quality reviews.
• Carry out compliance relevant regulatory responsibilities such as complaint reconciliations and TPA audit program timely and accurately.
• Analyze trends of TPRM and Complaint Handling results, identify opportunities to strengthen, and communicate/report results to Senior Compliance Management and Business Leaders.
• Identify and escalate potential risks and other issues that impact the effectiveness of US Core Compliance Program.
• Participate in and/or lead cross-functional initiatives or projects.
• Review and assess compliance risks for new third-party engagements.
• Provide control ratings based on the assessment for proper remediation.
• Work with the Privacy and Anti-Financial Crimes (AFC) Compliance teams for necessary coordination for third-party reviews
• Manage Third-Party Administration (TPA) audit program closely working with TPA owners to ensure all requirements are met, including yearend deadlines for all audits.
• Handle TPA annual certification.
• Serves as the primary MetLife contact for state insurance departments to address questions or requests concerning consumer complaint inquiries.
• Perform periodic state complaint reconciliations as required.
• Support state exams and various reporting requirements for customer complaints.
• Perform monitoring for complaints time service including regulatory complaints.
• Conduct Complaint Handling Policy training.
• Prepare quarterly Complaint report for management.

Essential Business Experience and Technical Skills:

Required:

• Bachelor's degree or relevant experience required.
• 5+ years of experience in compliance, risk, legal, insurance, financial services
• Ability to manage multiple assignments simultaneously with competing deadlines.
• Highly motivated, adaptable to change, and detail oriented.
• Strong organizational, analytical, critical thinking and problem-solving skills
• Ability to identify, reason and resolve issues independently.
• Effective Communications Skills
• Relationship Building Abilities

 Preferred:

• JD or MBA a plus
• Financial or Insurance industry professional certifications or designations a plus
• Solid knowledge and experience with third party oversight and complaint handling a plus
• Knowledge of Company operations, systems, and transactions, or Company financial products and services a plus

Assignment Category

Full Time

Business Category

Global Risk Management

Number of Openings

 1

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.” 

MetLife:

MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

We are one of the largest institutional investors in the U.S. with $642.4 billion of total assets under management as of March 31, 2021. We are ranked #46 on the Fortune 500 list for 2021. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies. We are proud to have been named to Fortune magazine’s 2021 list of the “World’s Most Admired Companies.”      

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.

The wage range for applicants for this position is $84,500 to $112,600. This role is also eligible for annual short-term incentive compensation. MetLife offers a comprehensive benefits program, including healthcare benefits, life insurance, retirement benefits, parental leave, legal plan services and paid time off. All incentives and benefits are subject to the applicable plan terms.

We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife.  For further information about how to request a reasonable accommodation, please click on the Disability Accommodations link below.

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

MetLife maintains a drug-free workplace.