Oliver Wyman Partner & Supervisory Principal

Marsh McLennan•Boston, NY

2d•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 sidecar fundraises and M&A mandates in the life insurance transactions space while leading or co-leading execution on live transactions. The role will serve as the General Securities Principal for the Oliver Wyman division, mentor newly licensed bankers, and partner with Marsh Securities to establish the division’s supervisory, compliance, and operating framework. The preferred location is New York; the position can also be based in Chicago or Boston. The role reports to the Head of Oliver Wyman Actuarial and Global Insurance & Asset Management and the CEO of Marsh Securities. The applicable base salary range is $300,000–$450,000, with potential eligibility for performance-based incentives. The total rewards package includes health and welfare benefits, tuition assistance, 401(k) savings and other retirement programs, and employee assistance programs. Marsh follows a hybrid work model: colleagues are expected to work from their local office or onsite with clients at least three days per week, with office-based teams identifying at least one weekly anchor day for in-person collaboration.

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 regulatory requirements 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 in collaboration 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 and SEC and FINRA requirements, including 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 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, credible launch and the selection and execution of pilot mandates.
Mentor and develop newly licensed colleagues to build durable execution capability.