Oliver Wyman Partner & Supervisory Principal

Marsh McLennan•Boston, MA

4d•$300,000 - $450,000•Hybrid

About The Position

Oliver Wyman is establishing a broker-dealer capability as a division of Marsh Securities LLC 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 Life insurance sidecar fundraises and M&A mandates while also leading or co-leading live transactions. This foundational role will serve as the division’s General Securities Principal, provide supervisory oversight, mentor newly licensed bankers, and partner with Marsh Securities and Oliver Wyman leadership to establish the division’s supervisory, compliance, and operating framework. The position is based in New York, with Chicago or Boston also available. New York is preferred.

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 regulations 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 in a matrixed advisory or professional-services environment.

Nice To Haves

Experience establishing or scaling a broker-dealer function, new product area, or transaction capability from launch.
A 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 and M&A activity in the Life insurance space.
Work with newly licensed colleagues, including reviewing and approving engagements, pitch materials, and transaction activity.
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 clear distinctions between licensed and non-licensed personnel and activities.
Ensure activities comply with written supervisory procedures, SEC and FINRA requirements, and anti-money laundering requirements.
Lead or co-lead execution of Life sidecar capital raises and Life or 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.