Head of Compliance - Regulatory Review and Exams

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • New York Life Insurance Company
  • 16 Jan 19

Head of Compliance - Regulatory Review and Exams

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It's a career journey you can be proud of, and you'll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. 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 service, supported by our Foundation . It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. 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 .

New York Life's compliance department is seeking a Corporate Vice President to head its Regulatory Review Team. The role includes managing a team of direct reports responsible for the regulatory reporting process and handling responses to broker-dealer, registered investment adviser, and insurance related inquiries and examinations by state regulators, FINRA and SEC. The Corporate Vice President reports to the Chief Compliance Officer of NYLIFE Securities/Eagle Strategies (Retail Broker-Dealer/Registered Investment Adviser). The role offers a high degree of visibility and direct engagement with regulators and members of senior management.

Job Function and Key Duties & Responsibilities

Lead and develop a team of compliance professionals responsible for handling all aspects of compliance with the regulatory reporting process and responding to regulatory requests and examinations.

Establish and direct the strategy for the team and provide day-to-day oversight ensuring that:

  • NYL continues to meet or exceed industry best practices
  • Matters are handled timely, accurately, in a manner consistent with applicable state and federal laws and rules, including SEC and FINRA requirements, New York Life policies and procedures
  • Identified issues are escalated to senior management and business partners
  • The team collaborates and coordinates with other stakeholders to help prevent, detect and advise on necessary corrective actions, including relevant internal business partners and internal legal counsel
  • Necessary Form U4 and Form U5 amendments, and Rule 4530 filings in connection with customer complaints, litigations/arbitrations, internal reviews, disciplinary proceedings, terminations, sales practice issues are made
  • Concerns voiced by regulators are addressed and incorporated into policies, procedures, and training
  • The team provides guidance to the company on regulatory expectations, relevant industry hot topics, new rules and regulations
  • Needed technology remains current and functional
  • Team members are supported, developed, and their work product is supervised and reviewed

Candidate Qualifications

  • 7 plus years work experience in financial services
  • Extensive knowledge of and experience with a broker-dealer, registered investment adviser, insurance company or regulatory agency and strong overall knowledge of federal securities laws and SEC and FINRA regulations
  • Strong working knowledge of life insurance products, annuities and broker-dealer compliance including field agent and advisor sales practice issues.
  • Experience managing and leading others, with the ability to engage, motivate and develop employees and retain talent.
  • Demonstrated ability to work collaboratively with key business partners and regulators.
  • Strong technical skills with emphasis on practical application of federal and state securities laws, regulations and procedures.
  • Must demonstrate excellent judgment, the ability to make decisions and influence others.
  • Strong quantitative, critical thinking, problem-solving and analytical skills.
  • Excellent interpersonal and relationship building skills, a high degree of professionalism, and the ability to manage in a complex and dynamic environment
  • Bachelor's degree and JD required;
  • Series 7/24 required within 6 months

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


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