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Senior Director, Client Retention and Compliance

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Job Family

Regulatory Compliance

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.

Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.

We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What We Do

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.

Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com. 

Job Description Summary

Provide leadership and strategic direction to teams responsible for retention and reporting, and compliance consulting that support inforce management and client engagement activities for large and mid-market retirement plan accounts. Work with client executive leadership team and key contacts to meet business objectives.

Job Description

Responsibilities

Develop and manage robust monitoring and auditing processes to ensure internal and external compliance with regulatory requirements.
Develop and improve data insights and reporting around retirement plan retention to allow for management actions.
Develop short and long-term strategies and resources to improve client retention ratios.
Oversee training and development programs for team members.
Work cross-functionally to develop and integrate automation tools and other improvements.
Ensure prompt and efficient resolution of issues.
Manage department budget.
Assist Head of Inforce Management & Client Engagement in strategic planning and execution.

Qualifications

Bachelor’s degree in business, finance, or related field, or equivalent experience
12 years working with defined contribution plans, including multiple years in a leadership role in both operations and production; as well as client-facing
Knowledge of regulatory rules associated with the retirement industry (e.g. SECURE Act 2.0)
Leadership skills to drive results
Excellent analytical problem solving and decision-making skills
Outstanding communication and relationship management skills to influence others

Preferred Qualifications

FINRA Series 6, 26 and 63

Working Conditions

Office or hybrid office/remote environment
Moderate travel for internal and industry meetings

The Salary for this position generally ranges between $180,000- $210,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation Benefits

Competitive Pay
Bonus for Eligible Employees

Benefits Package

Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities

Health and Work/Life Balance Benefits

Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
College Coach Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs

Inclusion & Diversity 

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

Giving Back 

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.   

Transamerica’s Parent Company 

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.  

* As of December 31, 2023

Average salary estimate

$195000 / YEARLY (est.)

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$180000K

$210000K

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What You Should Know About Senior Director, Client Retention and Compliance, Transamerica

As the Senior Director of Client Retention and Compliance at Transamerica, you will be at the forefront of fostering relationships and ensuring compliance for large and mid-market retirement plan accounts. This position is a unique blend of strategic oversight and analytical rigor, designed for a professional with a drive for enhancing client experiences. You will develop robust monitoring processes that not only ensure compliance with regulatory frameworks such as the SECURE Act 2.0, but also shape our client retention strategies. Collaborative by nature, you will work closely with the client executive leadership to achieve common business objectives. Your role will incorporate training and development programs aimed at elevating team capabilities while introducing automation tools to streamline processes. If you are someone with extensive experience in defined contribution plans and a keen understanding of the retirement industry, this is your opportunity to make a meaningful impact. Let’s join forces in helping people achieve financial freedom, all while enjoying the flexibility of a work-from-home arrangement. At Transamerica, we are committed to creating an inclusive workplace where diverse talents come together to support our mission of providing innovative financial solutions that empower everyone to live their best life. Together, we can inspire and support our clients, ensuring that their journeys towards financial independence are not only paved with compliance but also marked by excellence in service and engagement.

Frequently Asked Questions (FAQs) for Senior Director, Client Retention and Compliance Role at Transamerica

What are the main responsibilities of the Senior Director, Client Retention and Compliance at Transamerica?

The Senior Director, Client Retention and Compliance at Transamerica is primarily responsible for developing and managing robust audit processes to guarantee compliance with regulatory requirements. They lead teams in strategizing client retention initiatives and are expected to improve data insights and reporting related to retention rates.