Oliver Wyman Partner & Supervisory Principal

Oliver Wyman Group•Chicago, IL

4d•$300,000 - $450,000•Hybrid

About The Position

Oliver Wyman, a division of Marsh Securities LLC, is establishing a broker-dealer capability to extend its Life insurance and asset-management advisory franchise into transaction-based activities. Initial work will focus on Life sidecar capital raising and selected Life M&A advisory mandates. The Partner & Supervisory Principal will oversee securities activities across sidecar fundraises and M&A mandates in the life insurance transactions space, while also leading and co-leading execution on live transactions. This foundational role will serve as the division’s General Securities Principal, help establish its supervisory, compliance, and operating framework in partnership with Marsh Securities, and mentor newly licensed bankers. The role is based in New York, which is preferred, and may also be performed from the Chicago or Boston offices. Marsh follows a hybrid-work model, with colleagues expected to be in their local office or onsite with clients at least three days per week.

Requirements

Active FINRA registrations: SIE, Series 7 (General Securities Representative), Series 63, Series 79 (Investment Banking Representative), and Series 24 (General Securities Principal).
Demonstrated experience as a registered principal supervising registered representatives in a broker-dealer.
Significant investment banking or transaction experience in Life insurance, reinsurance, sidecars or structured vehicles, and/or insurance M&A and capital raising.
Strong command of the regulatory framework governing investor solicitation, transaction-based compensation, conflicts, and information barriers.
Senior presence and judgment suitable for representing the franchise with institutional investors, insurers, reinsurers, and asset managers.
Experience operating within a matrixed advisory or professional-services environment.

Nice To Haves

Experience standing up or scaling a broker-dealer function, new product area, or transaction capability from launch.
Deep network across Life insurers, reinsurers, asset managers, and private-capital sponsors active in the Life sector.
Familiarity with Bermuda entity formation, reinsurance structures, and structured vehicles.

Responsibilities

Serve as the General Securities Principal (Series 24) for the Oliver Wyman division.
Oversee capital raising and investment banking/M&A activity in the life insurance space.
Review and approve engagements, pitch materials, and transaction activity with the newly licensed cohort.
Establish and enforce engagement approval gates, deal and pitch review, investor solicitation controls, and suitability standards in partnership with Marsh Securities compliance.
Ensure compliance with broker-dealer operations requirements, including licensing, recordkeeping, books and records, and financial responsibility rules.
Maintain information barriers and distinctions between licensed and non-licensed personnel and activities.
Ensure activities comply with written supervisory procedures (WSPs), SEC and FINRA requirements, and anti-money laundering requirements.
Lead and co-lead execution of Life sidecar capital raises and Life/reinsurance M&A mandates, including process design, structuring, investor engagement, and negotiation.
Bring senior credibility and judgment to live transactions.
Help shape offer architecture, pricing, client conflict protocols, and escalation rights for transaction-based mandates.
Partner with Oliver Wyman support functions and leadership teams to establish the division within Marsh Securities.
Help define permissible activities for licensed and non-licensed personnel and the controls governing them.
Support a controlled launch and the selection and execution of pilot mandates.
Mentor and develop newly licensed colleagues and build durable execution capability.