Steve L Wallace
Greenville,SC
Summary
Experienced Regulatory Compliance Professional with a demonstrated history of working in the insurance industry. Strong compliance professional skilled in Financial Compliance, Risk Management, State and Federal Laws/ Regulations, Securities, Internal Audit and State Department of Insurance (DOI) Financial Examinations.
Overview
17
17
years of professional experience
1
1
Certification
Work History
Partner
SKD Capital, LLC
07.2023 - Current
- Established and currently manages an Investment Real Estate LLC company, overseeing all aspects of the business
- Demonstrates expertise in identifying high-potential real estate opportunities
- Develops and maintains strong relationships with financial institutions, investors, and industry professionals, fostering a network of valuable partnerships
- Stays informed on industry developments and market trends to gain competitive advantage
- Networks with other professionals and organizations to expand contacts and opportunities
- Develops and implemented strategies to enhance partner relations
Manager, Financial Regulatory Compliance
Aflac
03.2023 - 07.2023
- Responsible for overseeing financial examinations conducted by State Departments of Insurance
- Managed the process to proactively track and implement new/changing, existing regulations as it relates to Aflac; partnered with the Compliance Training and Communications team to ensure information is disseminated throughout the organization
- Monitored investment compliance oversight to ensure that laws, regulations, and policies and procedures are followed
- Partnered closely with the Financial, State and Federal Government Relations, the Legal Division and other Aflac business units with respect to the development, establishment and enforcement of processes and procedures necessary to implement required regulations as well as to create and maintain a “closed-loop” accountability system; proactively communicated with all parties in establishing accountability
- Advised on relevant policies, procedures and activities required for Aflac to operate in accordance with the governing federal and state regulations from a financial perspective; provided specialized expertise and governance in operational risk and compliance
- Served as lead on Compliance projects and/or the development of specific Compliance processes associated with the operational risk and internal controls that have a substantial impact on department and/or the organization; partnered with key leadership to develop effective controls
- Partnered with the Compliance Training and Communications team with regards to the dissemination of Compliance-related education and training
Financial Regulatory Compliance Consultant
Aflac
02.2020 - 03.2023
- Served as lead for financial examinations conducted by State Departments of Insurance
- Proactively tracked and assisted with the implementation of new/changing state and federal laws and regulations
- Performed complex research, analysis, and interpretation of state and federal laws and regulations in order to conceptualize and define how the insurance laws or regulations affect Aflac business operations
- Monitored investment compliance oversight working with Global Investments to ensure that laws, regulations, and policies and procedures are followed
- Served as Financial Regulatory Compliance representative at the National Association of Insurance Commissioners (NAIC) meetings
- Presented at the Aflac Regulatory Monitoring Group meetings on NAIC related items that may impact the company
- Advised on relevant policies, procedures and activities required for Aflac to operate in accordance with the governing federal and state regulations from a financial perspective; provided specialized expertise and governance in operational risk and compliance
- Provided training and mentoring to new junior compliance staff
Senior Financial Regulatory Compliance Coordinator
Aflac
04.2017 - 01.2020
- Assisted during financial examinations conducted by State Departments of Insurance
- Proactively tracked and assisted with the implementation of new/changing state and federal laws and regulations
- Performed complex research, analysis, and interpretation of state and federal laws and regulations in order to conceptualize and define how the insurance laws or regulations affect Aflac business operations
- Served as the Financial Regulatory Compliance representative at the National Association of Insurance Commissioners (NAIC) meetings
Financial Regulatory Compliance Coordinator
Aflac
09.2013 - 03.2017
- Proactively tracks and assists with the implementation of new/changing state and federal laws and regulations
- Performs complex research, analysis, and interpretation of state and federal laws and regulations in order to conceptualize and define how the insurance laws or regulations affect Aflac business operations
- Advises on relevant policies, procedures and activities required for Aflac to operate in accordance with the governing federal and state regulations from a financial perspective; provides specialized expertise and governance in operational risk and compliance
Business Systems Analyst
Aflac
11.2012 - 09.2013
- Assisted management in gathering, interpreting and comparing benchmark and forecasted data for the company’s operations
- Developed and documented standards for the use and maintenance of databases
- Collected, organized, analyzed, and prepared reports for management
- Developed Supply and Demand models for upper management
- Collected, defined and analyzed business requirements
- Coordinated data migration and consolidation efforts
Project Analyst
TSYS
03.2008 - 07.2009
Cash Management Analyst
Synovus Financial Corp-Company
01.2007 - 03.2008
Education
BBA - Computer Information Systems
Columbus State University
Columbus12.2006
Skills
- Internal Controls
- Regulatory Compliance
- Risk Management
- Investment Risk
- Internal Control Management
- Document Compliance
- Compliance Reporting
- ISO Standards
- Business Process Improvement
Certification
- AIRC - Associate, Insurance Regulatory Compliance
- ALMI - Associate, Life Management Institute
- FLMI - Level 1 Certificate
- ACS - Associate, Customer Service
- ISO 9001 Lead Auditor - Quality Certification
- Quickbooks ProAdvisor Certified
Timeline
Partner
SKD Capital, LLC
07.2023 - Current
Manager, Financial Regulatory Compliance
Aflac
03.2023 - 07.2023
Financial Regulatory Compliance Consultant
Aflac
02.2020 - 03.2023
Senior Financial Regulatory Compliance Coordinator
Aflac
04.2017 - 01.2020
Financial Regulatory Compliance Coordinator
Aflac
09.2013 - 03.2017
Business Systems Analyst
Aflac
11.2012 - 09.2013
Project Analyst
TSYS
03.2008 - 07.2009
Cash Management Analyst
Synovus Financial Corp-Company
01.2007 - 03.2008
BBA - Computer Information Systems
Columbus State University
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