Compliance Associate - Life Insurance


Date: Sep 13, 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 Compliance and Exams team is responsible for ensuring that the Service Organization's policies and procedures are aligned with applicable regulatory and compliance requirements. In addition to assisting with the implementation of new regulatory requirements, the team is also responsible for monitoring the Service Organization's continued adherence to established regulatory requirements.


Working under the direction of the External Exams and Regulatory Compliance Corporate Vice President, the Compliance & Exams Specialist is responsible for the preparation of a wide variety of information that is requested in conjunction with the various State & Federal exams that the Insurance Group Service Organization participates in. This individual is also responsible for assisting with coordinating the Regulatory Review Process within the Service Organization. These responsibilities include monitoring a variety of industry publications and websites to identify both pending as well as recently adopted regulations that have the potential to impact the Service Organization's operations. Individuals within this position are expected to possess a comprehensive knowledge of insurance and investment products as well as internal NYL processes that can be applied to the development of processes used to satisfy new regulatory requirements in a cost effective and customer focused manner.


This individual is expected to stay abreast of new regulatory developments, identify the specific information needed to satisfy an examiner's request, assist end business users with the collection of information and validate planned submissions to confirm their accuracy and completeness.


Major Responsibilities:

  • Responsible for identifying the issuance of new state regulations that directly impact the Service Organization. These responsibilities include monitoring both the American Council of Life Insurers and State Insurance Department web-sites to identify newly proposed regulatory enactments, determining the regulations scope and impact to the Service Organization, working directly with the applicable business area(s), the Office of General Council and the Office of Government Affairs to ensure relevant information is communicated to the state prior to adoption and ongoing monitoring of the department's adherence to new regulations.
  • Coordinate the Service Organizations participation in Market Conduct exams including: working directly with the Office of General Council to ensure examination requests are fulfilled in a timely and accurate manner, educating and explaining service administration processes and protocol, working with counterparts throughout NYL to ensure consistency among responses and responding to examination inquiries.
  • Facilitate all internal Corporate Compliance testing by providing guidance to the business area in responding to requests and participate in market conduct remediation meetings to ensure the Service Organization appropriately remediates any issues.
  • Provide guidance to managers throughout the department on questions related to new and existing regulatory requirements.
  • Assist the External Exams and Regulatory Compliance Corporate Vice President with overseeing the implementation of significant new regulatory enactments. These responsibilities include the coordination of efforts between multiple areas within the company including: Technology, Office of General Council, Office of Government Affairs, Corporate Compliance and the Service Operation.
  • Coordinate departmental remediation efforts as they relate to exam findings.
  • Track the status of outstanding information requests and work with the External Exams and Regulatory Compliance Corporate Vice President to distribute weekly and monthly communications to Service Organization management on current market conduct watch list items.



  • Bachelor’s Degree preferred
  • FINRA Series 6 or 7 license preferred
  • Business knowledge and acumen
  • At least 3+ years of experience as a compliance professional at an insurance company
  • Knowledge of state insurance laws, including the market conduct examination process
  • Ability to make decisions, use independent judgement, establish priorities and work effectively on multiple initiatives concurrently while maintaining strict attention to detail
  • Capacity to consider, process, and filter substantial amounts of complex information quickly and identify appropriate actions in a fast-paced environment
  • Effective communication skills, work ethic, as well as a high level of personal integrity and accountability
  • Ability to work across the enterprise and present complex matters to senior business leaders
  • Demonstrates the ability to use sound judgement and discretion regarding confidential documents and information


Please note: This role requires FINRA licensed and/or FINRA Associated Person pre-hire fingerprinting.


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


Job Requisition ID: 87212



Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

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