Location Designation: Hybrid
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.
This position within the Wealth Management division of New York Life will primarily administer certain regulatory compliance programs of the Registered Investment Advisor, Eagle Strategies.
Position Summary:
Reporting up to and supporting the Head of RSO with creating, implementing, and maintaining supervisory processes for New York Life’s Registered Investment Advisor. Supporting First Line of Defense monitoring of effectiveness of compliance program areas of responsibilities through development, collection, and analysis of data and key metric development. Effectively identify, escalate, and support the Head of RSO in managing regulatory and operational risks relating to areas of responsibility. Line manager. Specific responsibilities may vary.
Major Responsibilities:
• Support Head of RSO in driving execution of key priorities and communicating cross-functional objectives.
• Support development and management of monitoring of the RIA’s LWP platform which may include, among others: Investment Policy exceptions, trade count, securities concentration, maintenance values, rebalancing, trade timeliness, non-Advisable securities, 13D/F/G/H filings, among others
Maintain policies and procedures related to areas of responsibility.
• Develop and deliver training related to areas of responsibility.
• Proactively monitor, design, test, and implement Investment Policy Exception rules that meet legal, regulatory, business, and industry standards
• Perform benchmarking of RIA supervisory policies in collaboration with law and compliance to develop business cases for any recommended enhancements.
• Support 206(4)-7 process relevant to areas of responsibility;
• Develop subject matter expertise and act as SME for areas of responsibility.
• Draft and transmit Disciplinary Action Referrals to Agency Standards as necessary.
• Identify and lead resolution of compliance issues that may arise during daily activities.
• Proactively identify process improvements and work to implement the solutions to build efficiencies and increase productivity.
• Develop key metrics, data and trend analysis for areas of responsibility.
• Create and present regulatory and compliance oriented training material
• Support and manage relationships with outside vendors
• Support ad hoc projects and initiatives based on management and business needs
Qualifications:
Bachelor’s degree
Series 7 or 65 preferred or ability to obtain within 6 months.
• Experience in Financial Services or Wealth management.
• Solid knowledge of advisory related services and investment advisory regulatory framework. Working knowledge of broker-dealer regulatory framework desirable.
• Problem-solving by using rigorous logic to analyze and understand root causes, leveraging innovative thinking to generate and implement creative, cost-effective, and practical solutions.
• Strong interpersonal and influencing skills, including ability to collaborate effectively across all levels of organization, to deliver results.
• Excellent written and verbal communication skills–ability to present ideas and complex information clearly to different audiences.
• Maintain open and effective lines of communication. Sharing key information to enable effective decision-making and solutioning
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Salary range: $90,000-$135,000
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.
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: 89365