Anti Money Laundering & Anti-Fraud Compliance Specialist
Penn Mutual Life Insurance3.5
Job description
Position Overview

The Compliance Specialist will assist the Anti-Money Laundering (AML) Officer (AMLO) in the design, development and implementation of our AML and Anti-Fraud programs (Programs). The purpose of our Programs is to adopt and implement policies and procedures that are reasonably designed to prevent the violation of federal and state laws and regulation.


Supports the AML Officer in the design, development, implementation and monitoring of the Programs
Participates in the risk assessment process related to the Programs to identify deficiencies and testing needs
Utilizes risk management techniques and business area knowledge to create, maintain, and test relevant policies and procedures
Acts as a liaison with impacted business areas by preparing for meetings, coordinating the production of documents and related responses in connection with regulatory inquiries (i.e., FINRA, SEC, State) and examinations
Works with internal business areas to collect and analyze data and manage timely reporting
Tracks the remediation of identified issues and findings to ensure that they are appropriately remediated
Participates in developing and delivering education to the business, including presentations at department meetings
Develops, maintains, and broadens effective working relationships with business partners
Handles multiple assignments simultaneously from conception through execution including the implementation of recommendations
Maintains a broad working knowledge and awareness of the industry and regulatory and/or policy changes with potential impact on compliance monitoring or reporting
Participates in special projects and performs other duties as assigned

Required Skills

Excellent prioritization and time management skills
Excellent written and communication skills
Excellent analytical and problem solving skills
Dedicated attention to detail, consistency, and thoroughness
Ability to manage various assignments and efforts simultaneously
Ability to build effective business relationships, at all levels
Ability to work independently and effectively in a collaborative, team-oriented, and fast-paced environment
Ability to make a positive contribution as demonstrated by learning new skills and making suggestions for process/procedure improvement

Required Experience


Minimum of 5 years of experience in the insurance and/or broker-dealer industry

Education/Licenses/Professional Designations

Bachelor’s degree in Criminal Justice, Business Administration or other related field required
Association of Certified Anti-Money Laundering Specialists (ACAMS) required or ability to obtain within 90 days of hire
Certified Fraud Examiner (CFE) certifications required or ability to obtain within 90 days of hire
FINRA Series 7 License preferred
FINRA Series 24 License preferred
Life, Accidental, and Health Insurance preferred
Interest and motivation in pursuing professional designations or registrations (ex: Associate Insurance Regulatory Compliance (AIRC))

Level = 21

All Penn Mutual employees exemplify our Shared Commitment:
Doing what’s right today, together, for the promise of a brighter tomorrow. The feelings are mutual: Care. Respect. Belonging.

Penn Mutual is committed to Equal Employment Opportunity (EEO). We provide employment and advancement opportunities to all qualified applicants and associates, according to applicable laws. This is reflected in our practices for hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment, compensation, selection or training, and all other terms and conditions of employment. All employment-related decisions and practices are free from unlawful discrimination. This includes: race, creed, color, national origin, ancestry, citizenship, age, gender (including pregnancy), sexual orientation, gender identity or expression, domestic partnership or civil union status, marital status, genetic information, disability, religious observance or practice, liability, veteran status or any other classification protected under applicable law. Leaders may, at their discretion, change the responsibilities in this position description at any time due to reasonable accommodation and/or other business reasons.

About the Penn Mutual Life Insurance Company

Penn Mutual helps people become stronger. Our expertly crafted life insurance is vital to long-term financial health and strengthens people’s ability to enjoy every day. Working with our trusted network of financial professionals, we take the long view, building customized solutions for individuals, their families, and their businesses. We support our financial professionals with retirement and investment services through our wholly owned subsidiary, Hornor, Townsend & Kent, LLC, member FINRA/SIPC.
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Company details


600 Dresher Road Horsham, PA 19044


1001 to 5000


$1B to $5B (USD)



Company Description
The Penn Mutual Life Insurance Company, commonly referred to as Penn Mutual, was founded in Philadelphia, Pennsylvania, in 1847. It was the seventh mutual life insurance company chartered in the United States.Penn Mutual's original Philadelphia headquarters building at the corner of Walnut and 6th Streets was a cast-iron structure that was replaced in 1913 by one designed by Edgar Viguers Seeler (1867-1929).
Company ratings
  • Overall
  • Company & Benefits
    3.5 / 5
  • Culture & Values
    3.3 / 5
  • Career Opportunities
    2.8 / 5
  • Work/Life Balance
    3.6 / 5
  • Senior Management
    2.9 / 5
Company reviews
"Loved working here"
Former EmployeeCustomer Service Representative
Its a call center job . Some days are good with the callers others not so much . On a typical day i would expect 40 or so calls. Learned about quite a few different types of life insurance. Immediate management was great and felt like they truly wanted me to succeed

"great job security"
Former EmployeeSpecialist
Repetitive work tasks made it hard at times. Management was generally good and helpful and encouraged gaining knowledge and meeting others who do similar work outside the company. They hire good, decent people. However there could have been more of a career path for someone who is youngers and doesn't want to just use the job to better their resume.

"Short and sweet."
Former EmployeeSenior Programmer
All talk no action. Management is horrible. They favor the younger workers instead of the heart and soul workers with years of experience. Not a good place to be when you have put in 10+ years of your life.

"Loved working for this company"
Former EmployeeDesigner
Very fulfilling job. Worked with knowledgeable people who really love their job and helping others. The nicest group I have ever worked with. I would work here again, if given the opportunity.