Senior Associate, Suitability Compliance Principal

New York Life•New York, NY

13h•$81,000 - $115,500•Hybrid

About The Position

The Suitability Team is responsible for the timely review of new and replacement sales—as well as certain inforce transactions—for mutual funds, annuities, and life insurance. Our goal is to ensure alignment with New York Life's suitability and replacement guidelines while supporting a strong culture of regulatory compliance and client-first recommendations. As the organization continues to enhance its wealth management and supervisory capabilities, this role will leverage technology-enabled review processes, surveillance tools, workflow automation, and data-driven insights to strengthen risk identification and transaction oversight. The team partners closely with Compliance, Supervision, Operations, and Technology stakeholders to improve monitoring capabilities, enhance operational efficiency, and support evolving regulatory requirements. The Team also serves as a key resource to Registered Representatives, Field Agents, and business partners by providing guidance on suitability requirements, transaction reviews, supervisory expectations, and regulatory obligations.

Requirements

Bachelor’s degree preferred.
3+ years’ experience in the securities industry, preferably involving Mutual Funds, Annuity, and Life products.
Active FINRA Series 6 and 26 required.
FINRA Series 7 and 24 preferred.
Strong written and verbal communication skills.
Detail-oriented with excellent judgment and investigative skills.
This role requires FINRA licensed and/or FINRA Associated Person pre-hire fingerprinting.

Nice To Haves

FINRA Series 7 and 24 preferred.

Responsibilities

Using NYLSEC suitability systems and related administrative systems, review new business submissions, in-force transactions, and account activity to ensure compliance with applicable regulatory requirements, firm policies, and supervisory procedures.
Conduct transaction reviews and surveillance activities to identify potentially unusual, suspicious, or non-compliant activity. Escalate matters as appropriate and assist in investigations and resolution efforts.
Perform principal-level review and approval of designated securities transactions and new business activities in accordance with FINRA, SEC, and firm supervisory requirements.
Monitor customer transactions and representative activity for patterns, trends, or exceptions requiring heightened review by Compliance, Supervision, or Risk Management.
Provide guidance and support to registered representatives, field supervision, and business partners regarding transaction processing requirements, supervisory expectations, and regulatory obligations.
Review and analyze pend reports, surveillance alerts, and other supervisory monitoring tools to identify risks and recommend appropriate corrective actions.
Provide feedback to team members regarding transaction reviews, surveillance findings, and case documentation. Identify coaching opportunities and recommend training based on observed trends.
Create, maintain, and enhance NYLSEC supervisory procedures, transaction review processes, surveillance protocols, and related compliance documentation.
Train team members and business partners on new regulatory requirements, supervisory procedures, trade surveillance processes, and operational controls.
Advance team objectives by leading or participating in projects that strengthen supervisory controls, improve operational efficiency, enhance surveillance capabilities, and support regulatory compliance initiatives.
Partner with Compliance, Operations, Supervision, and Technology teams to develop and implement process improvements, surveillance enhancements, and regulatory change management initiatives.
Conduct quality control reviews to evaluate adherence to supervisory procedures, ensure consistency of reviews, and strengthen the team's overall control environment.
Assist with regulatory examinations, internal audits, compliance testing activities, and responses to inquiries related to transaction review and trade surveillance functions.