Senior Associate, Registered Principal - Suitability

Location Designation: Hybrid - 1 day per quarter 

Our New York Life culture has laid the foundation for over 180 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance.

As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities.  You will be part of an inclusive team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.

You are our future, and we commit to investing in you accordingly.

Role Overview:  

The Suitability Team is responsible for the timely review of new and replacement sales and certain inforce transactions for our life insurance policies, annuities, and mutual funds to ensure they meet the company’s suitability and replacement guidelines. The Team also provides support to our agents in the Field by addressing inquiries pertaining to cases which are under suitability review, as well as general questions regarding our suitability program and parameters.

What You’ll Do: 

• Using our administrative systems, the incumbent is tasked with reviewing annuity, life insurance, and mutual fund transactions and provide Principal determination as to whether cases meet our suitability guidelines.

• Monitors customer transactions and identifies any patterns requiring review by Corporate Compliance and assists in the resolution of cases that have been escalated by our agents in the Field for heightened review by a Registered Principal.
  
  
• Provide feedback to team representatives based on their suitability recommendations and
  correspondence composition. Provide coaching on potential improvement opportunities.

• Based on observed performance trends, recommend training opportunities to team management.
  
  
• Create and maintain Life & Annuity and NYLSEC procedures.
  
  
• Train other members of the team on new suitability processes and rule changes.

• Advance team objectives by helping to lead projects that improve suitability workflow, compliance and/or communications with the Field. Relevant projects could include constructing testing requirements to satisfy new rules and regulations, drafting Field News publications to remind our agents of important aspects of our suitability program, and evaluating our processes in order to identify opportunities to improve our controls.

• Conduct quality control reviews and call monitoring to strengthen the team's internal control processes and ensure compliance with regulatory compliance.
  
  

What You’ll Bring:  

• Bachelor’s degree preferred and/or equivalent experience.

• Minimum of 3+ years’ experience in the securities industry, with a background in Life, Annuity, and Mutual Funds preferred.

• FINRA Series 6 and 26 required; Series 7 and 24 preferred.
  
  

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Pay Transparency

Salary Range: $62,500 - $100,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

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

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.​

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. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

​Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.

Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.

Job Requisition ID: 92284