Review and determine suitability for annuity, life insurance, and mutual fund transactions as a Registered Principal. Investigate escalated cases, guide agents, monitor trends and compliance risks, and lead process improvements to enhance controls, reporting, training, and operational effectiveness.
Job Requisition ID: 94296
Location Designation: Hybrid - 1 day per quarter
Posting Title
Suitability Compliance Senior Associate
Business Unit Overview
Purchase Experience Corporate Compliance partners with diverse business units to develop and implement robust compliance programs, fostering integrity and minimizing risk. Collaborate with a dedicated team to craft practical policies, train employees and ensure the company's actions align with core principles and external regulations. Your contributions help to safeguard the company's reputation, empower responsible decision-making and pave the way for sustainable growth.
Role Overview
The Suitability Team is responsible for the timely review of new and replacement sales, as well as certain in-force transactions, for life insurance, annuity, and mutual fund products. This role serves as a Registered Principal and supports New York Life's commitment to maintaining suitability standards, regulatory compliance, and exceptional service to the Field. The Senior Associate reviews complex transactions, provides suitability determinations, partners with agents and business partners to resolve case inquiries, and contributes to process improvements that enhance operational effectiveness and risk management.
What You'll Do
• Review annuity, life insurance, and mutual fund transactions using administrative systems and provide Principal-level suitability determinations in accordance with company policies and regulatory requirements.
• Investigate and resolve escalated suitability cases, partnering with agents and internal stakeholders to gather information, assess risk factors, and support informed decision-making.
• Monitor transaction activity and identify trends, emerging risks, or potential compliance concerns, escalating matters to Corporate Compliance and management as appropriate.
• Deliver guidance and support to agents on suitability requirements, pending transactions, and program-related inquiries while maintaining a high level of service and professionalism.
• Lead or contribute to initiatives that improve workflow efficiency, regulatory compliance, reporting, controls, training, and communication across the suitability program.
What You'll Bring
Required Skills
• Bachelor's degree or equivalent professional experience.
• 3+ years of experience within the securities or financial services industry, preferably supporting life insurance, annuity, and mutual fund products.
• Active FINRA Series 6 and Series 26 registrations.
• Strong analytical, investigative, and decision-making skills with the ability to assess complex suitability scenarios.
• Excellent written and verbal communication skills, with the ability to explain regulatory requirements and recommendations to diverse audiences.
• Ability to manage multiple priorities, maintain attention to detail, and exercise sound judgment in a regulated environment.
Preferred Skills
• Active FINRA Series 7 and Series 24 registrations.
• Experience supporting audits, regulatory examinations, or compliance-related projects.
• Knowledge of FINRA, SEC, and state insurance regulations related to suitability and replacement review.
• Familiarity with AI-enabled business tools and emerging technologies that support operational effectiveness and risk management.
Job Level: LEVELPF3
Pay Transparency
Salary Range: $81,000-$110,000
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 hereto 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.
Job Requisition ID: 94296
#BI-Hybrid
Location Designation: Hybrid - 1 day per quarter
Posting Title
Suitability Compliance Senior Associate
Business Unit Overview
Purchase Experience Corporate Compliance partners with diverse business units to develop and implement robust compliance programs, fostering integrity and minimizing risk. Collaborate with a dedicated team to craft practical policies, train employees and ensure the company's actions align with core principles and external regulations. Your contributions help to safeguard the company's reputation, empower responsible decision-making and pave the way for sustainable growth.
Role Overview
The Suitability Team is responsible for the timely review of new and replacement sales, as well as certain in-force transactions, for life insurance, annuity, and mutual fund products. This role serves as a Registered Principal and supports New York Life's commitment to maintaining suitability standards, regulatory compliance, and exceptional service to the Field. The Senior Associate reviews complex transactions, provides suitability determinations, partners with agents and business partners to resolve case inquiries, and contributes to process improvements that enhance operational effectiveness and risk management.
What You'll Do
• Review annuity, life insurance, and mutual fund transactions using administrative systems and provide Principal-level suitability determinations in accordance with company policies and regulatory requirements.
• Investigate and resolve escalated suitability cases, partnering with agents and internal stakeholders to gather information, assess risk factors, and support informed decision-making.
• Monitor transaction activity and identify trends, emerging risks, or potential compliance concerns, escalating matters to Corporate Compliance and management as appropriate.
• Deliver guidance and support to agents on suitability requirements, pending transactions, and program-related inquiries while maintaining a high level of service and professionalism.
• Lead or contribute to initiatives that improve workflow efficiency, regulatory compliance, reporting, controls, training, and communication across the suitability program.
What You'll Bring
Required Skills
• Bachelor's degree or equivalent professional experience.
• 3+ years of experience within the securities or financial services industry, preferably supporting life insurance, annuity, and mutual fund products.
• Active FINRA Series 6 and Series 26 registrations.
• Strong analytical, investigative, and decision-making skills with the ability to assess complex suitability scenarios.
• Excellent written and verbal communication skills, with the ability to explain regulatory requirements and recommendations to diverse audiences.
• Ability to manage multiple priorities, maintain attention to detail, and exercise sound judgment in a regulated environment.
Preferred Skills
• Active FINRA Series 7 and Series 24 registrations.
• Experience supporting audits, regulatory examinations, or compliance-related projects.
• Knowledge of FINRA, SEC, and state insurance regulations related to suitability and replacement review.
• Familiarity with AI-enabled business tools and emerging technologies that support operational effectiveness and risk management.
Job Level: LEVELPF3
Pay Transparency
Salary Range: $81,000-$110,000
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 hereto 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.
Job Requisition ID: 94296
#BI-Hybrid
New York Life Insurance Company New York, New York, USA Office
51 Madison Avenue, New York, NY, United States, 10010
New York Life Insurance Company Jersey City, New Jersey, USA Office
New York Life Insurance Company Jersey City, NJ Office
30 Hudson Street , Jersey City, New Jersey, United States, 07302
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