TIAA Plan Document Compliance Senior Lead in Albany, New York
The Plan Document Compliance Senior Lead is responsible for ensuring the best interests of institutional clients and internal business partners and in accordance with plan documents and legal requirements. This job reviews plan documents, helps clients resolve complex operational and regulatory compliance issues relating to defined contribution retirement plans and consults with internal business partners and clients on how best to attain plan objectives while maintaining the plans' qualified status. As a recognized thought leader in defined contribution retirement plan document compliance, this job independently analyzes and interprets new laws and regulations to determine client and operational impacts and holds discussions to influence the best strategy to implement changes for clients and impacted internal partners. This job is responsible for delivering consultative services for the most complex plans, which primarily consists of the organization's most influential and highest AUM clients and has a significant impact to the organization's bottom line.
Key Responsibilities and Duties
Evaluates defined contribution retirement plan documents for internal recordkeeping problems, compliance issues or client concerns.
Provides new plan setup and review suggestions for plan design and/or administrative enhancements to influence client in using best practices while meeting client objectives.
Provides comparative analysis of plan provisions and protected benefits for corporate mergers and acquisitions.
Researches and resolves highly complex operational and regulatory compliance issues arising from both client questions and from internal plan document review activities, using available electronic and hard copy resources.
Conducts an analysis of options available if an operational error is discovered on the plan and communicates findings, discusses implications and offers alternative courses of action that client may take with internal parties, and/or client and client’s attorneys and other advisors as appropriate.
Analyzes impact of new regulations and legislation on client plan needs and operational processes and develops a strategy to influence client decisions to align with best practices.
Maintains highest level of regulatory knowledge and understanding of industry trends and educates team members, business partners and clients regarding legislative and regulatory developments.
Serves as a lead subject matter expert on defined contribution retirement plan document compliance and represents department in cross-functional and strategic initiatives.
- University (Degree) Preferred
- 5+ Years Required; 7+ Years Preferred
- Physical Requirements: Sedentary Work
Juris Doctor (JD) degree
Understanding of ERISA law and Retirement plan legal landscape
Understanding and ability to interpret proposed and new legislative and regulatory guidance surrounding retirement plans
Base Pay Range: $91,500/yr. - $152,400/yr.
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. We offer a wide range of financial solutions, including investing, banking, advice and education, and retirement services.
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .
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Phone: (800) 842-2755
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TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.