Long Term Care and IDI Compliance Officer for the Product Advice and Guidance team

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Date: May 10, 2022

Location: New York, NY, US

Company: New York Life Insurance Co

 

 

When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

 

 

The Corporate Compliance Department (CCD) within New York Life insurance Company seeks an experienced compliance professional with a focus on Long Term Care and Individual Disability Insurance to join its Product Advice and Guidance team. The individual will be the main point of contact for the business on all compliance matters related to Long Term Care and Individual Disability Insurance.  This individual’s primary responsibility will be to help the product teams achieve their respective strategic goals and ensure adherence to all federal and state regulatory requirements. Working collaboratively with key business partners and other teams within CCD will be imperative.

 

Responsibilities

  • Partner with Long Term Care and Individual Disability Insurance leadership teams on all key initiatives to ensure compliance with all laws and regulations.
  • Develop strong relationships with key business partners and a deep understanding of how the business works as well as the systems and technology necessary to run the business.
  • Assess areas of risk for the business and work collaboratively with the Office of the General Counsel, Risk Management and the business on risk mitigation strategies.
  • Develop and maintain oversight program for third party administrators.
  • Support the CCD Compliance Monitoring Team by performing testing on business where appropriate.
  • Develop strong understanding of current product offerings and review and provide guidance on new products and or changes to existing products to ensure compliance with all laws and regulations as well as any applicable sales standards.
  • Develop understanding of sales strategies and compensation to identify any potential conflicts with laws or regulations for review with the CCD Strategy and Policy team.
  • Assist the CCD Strategy and Policy team with updates to CCD policies and procedures.  
  • Review and provide input on business area policies and procedures.
  • Work in partnership with CCD Sales Marketing and Review Unit on product marketing materials.
  • Partner with CCD teams and business partners on the Foundational Business strategy and work together to promote the strategy and mitigate risks.

 

 

Knowledge/Experience

  • Undergraduate degree
  • Accomplished professional with 5+ years of experience in insurance compliance.
  • Comprehensive knowledge of long term care and individual disability insurance.  Helpful to have working knowledge of life and annuity products.
  • Strong knowledge of state insurance laws and regulations.
  • Excellent communications, leadership, and presentation skills; ability to influence others
  • Ability to think strategically, critically, and logically
  • Ability to develop effective relationships across the company

Hybrid work schedule:  Work from the office on Tuesday, Wednesday and Thursday and work remote on Monday and Friday

 

SF:LI-KV1

 

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

Job Requisition ID: 86269

 

 

 


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