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MidAmerica Administrative & Retirement Solutions
in Tampa FL / Telecommute
The Associate Attorney is primarily
responsible for the development and maintenance of the Ethics and Compliance Program ensuring a strong compliance culture that aligns with MidAmerica's values to conduct operations and activities ethically, with the highest level of integrity
and in compliance with legal and regulatory requirements.
The Associate Attorney will implement strategic and tactical solutions to protect and minimize compliance risk to MidAmerica through oversight of governance and compliance risk
management policies, standards and procedures. These solutions measure and monitor compliance with applicable laws, regulations and rules that govern business objectives. The compliance management function will include:
- Monitoring Regulatory
Change: Research and advising business areas on Pension / Health & Welfare plan benefits and broker-dealer regulatory compliance matters while adhering to their respective regulatory agencies’ provisions and guidelines, and working with affected
business areas to modify operations and policies and procedures to ensure compliance.
- Risk Mitigation: Analyzing risk assessment and mitigation strategies, monitoring and testing internal controls, performing periodic audits, and documenting
compliance related requirements.
- Internal Training: Working with Learning and Development to develop training programs and educating business areas to ensure an understanding of those requirements.
The Associate Attorney would
also act as the Chief Compliance Officer of our limited-purpose broker/dealer (most BD functions are outsourced to a partner broker/dealer). The CCO will assume primary responsibility for assuring broker/dealer compliance with SEC, FINRA, and state
rules/regulations as well as all other federal statutes and trends. The CCO is accountable for the execution of the compliance program for the broker/dealer and assures that legal and regulatory compliance is maintained at the highest possible
- In partnership with company leaders, develops strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation; designs and delivers governance and risk management
framework that maintains appropriate risk levels.
- Reviews and communicates regulatory compliance requirements to include analysis of business impact/operational risk assessment for enacted laws/regulations and recommends company compliance
actions to ensure regulatory compliance.
- Establishes, implements, and oversees monitoring and testing programs throughout the organization including but not limited to: reviewing key processes and activities annually, testing and
documentation, and investigating violations of regulations and policies to ensure compliance.
- Collaborates with Learning & Development to develop a formal compliance educational and/or training program to incorporate emerging compliance risks
and regulatory trends. Training topics may be generated by the annual risk assessments and internal audits, regulatory industry changes, identified compliance risk issues, complaints, and testing results. Oversees the training plan's execution and
- Coordinates interactions with regulators, including but not limited to: leading annual supervisory and external audit examinations; coordinating and managing events related to examinations including working with
business areas in negotiating scope, timing of reviews, monitoring requested data requirements and coordinating and attending meetings.
- Maintains current on all relevant regulations, including proposed and final rules through participation in
relevant professional organization and participation in seminars, webinars and information sessions on regulatory related topics.
- Leads and maintains overall responsibility and oversight for the supervisory system, structure and policies and
procedures of the broker-dealer including but not limited to: conducting Annual Compliance Meeting, AML Compliance and regulatory training, licensing and registration, testing of supervisory controls, inspecting offices of supervisory jurisdiction (OSJ),
and supervising activities of each registered person.
- Partners with Executive and Senior Leadership to develop approaches for addressing broader corporate emerging issues.
- Research, read, evaluate and edit articles, alerts and other
materials for publication or distribution to internal and external clients.
- Gathers material, performs research, and assists client service team in the formulation of strategy to solve client problems related to DOL, ERISA, ACA, the Code, HIPAA and
state issues affecting retirement and health and welfare plans.
Skills & Qualifications
- College degree, Juris Doctor (JD) and membership in good standing in at least one state bar is required
- 4 - 8 years experience
in working on compliance issues of employer-sponsored welfare benefits plans. Prior experience in employee benefits law or experience in compliance consulting on these issues is required
- Strong leadership, and project management skills and ability
to manage many competing priorities
- Strong interpersonal skills and ability to communicate effectively in both oral and written form
- Must have superior organizational skills, the ability to multi-task, prioritize and work in a
- Proficient in Microsoft Office Suites, specifically Outlook, Word, and Excel and other bespoke programs necessary for data collection and collaboration
- Strong work ethic and highly motivated individual with
outstanding record of professional achievement
- Retirement benefit plan and/or third-party administration industry experience preferred
- Working knowledge of Internal Revenue Code regulations and Affordable Care Act guidelines is
- Knowledge of financial securities industry Compliance and AML programs, regulations and standard business practices preferred
- HIPAA and HITECH experience preferred
- Securities licenses (Series 6, Series 26, Series 63)
The position is remote.
Position is Part-Time (20 hours). Compensation is fair and competitive.
MidAmerica is one of the nation's leading providers and administrators of retirement and other tax advantaged benefit plans for government and education employers throughout the US. The company provides innovative employee
benefit programs for over 1 million educators and other public-sector employees through 2,200 plan sponsors across the country and has assets under management exceeding $1 billion. Originally formed in 1995, MidAmerica's core business has been
providing Social Security Alternative and Special Pay programs (tax-advantaged vacation and sick pay plans for governmental employers). This core business has grown dramatically and has expanded to include other defined contribution plans, Health
Reimbursement Arrangements (HRA), Flexible Spending Accounts (FSA), Trusts (for public employer-sponsored healthcare plans that keep healthcare liability off the books), independent Third-Party Administration Services (403(b) and 457(b) compliance
and common remitting), and most recently, ACA Compliance Reviews. To date the company sells and distributes its products and services through a distribution network of insurance brokers that primarily sell into the public sector.
How to Apply
Qualified candidates should send their resume, salary requirements, and a cover letter detailing why you're a great fit to Careers@Mymidamerica.com
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