Regulatory Review Unit, Senior Associate
About The Position
New York Life’s Regulatory Review Unit within the Corporate Compliance Department is seeking an experienced Senior Associate to manage regulatory reporting, disclosure obligations, and regulatory inquiries and examinations from FINRA, the SEC, and state insurance and securities regulators. The role evaluates complex regulatory matters and determines applicable reporting and disclosure obligations, exercising sound judgment and collaborating with Compliance, the Office of General Counsel, business partners, Agents, and Field Managers. The Senior Associate reviews matters and communications for reporting obligations, coordinates accurate and timely regulatory filings, and manages regulatory inquiries and examinations. The role also monitors deadlines, maintains supporting documentation, prepares reports, provides guidance and training, and identifies issues and opportunities to improve processes and controls.
Requirements
- Bachelor’s degree from an accredited college or university.
- Minimum of 5 years of securities regulatory reporting or compliance experience, including evaluating customer complaints, litigation, arbitration, and related regulatory disclosure obligations.
- Strong working knowledge of Forms U4 and U5, FINRA Rule 4530, and state requirements.
- Ability to analyze complex facts, exercise sound judgment, and develop well-supported regulatory reporting recommendations.
- Strong investigative, organizational, and project management skills, including the ability to prioritize competing deadlines.
- Excellent interpersonal, communication, and relationship-building skills.
- Ability to work independently and collaborate effectively with Compliance, the Office of General Counsel, business partners, and regulators.
- Ability to synthesize large volumes of complex information into clear, concise summaries for senior leadership.
- Attention to detail, professionalism, and appropriate handling of sensitive information.
- Familiarity with FINRA Gateway and CRD filing systems.
- Advanced proficiency in Microsoft Excel, Word, and PowerPoint.
Nice To Haves
- Experience at a broker-dealer, registered investment adviser, insurance company, or regulatory agency, with strong knowledge of federal securities laws and SEC and FINRA rules.
- Knowledge of life insurance and securities products, including mutual funds, 529 plans, and variable life and annuity products.
- Familiarity with broker-dealer compliance and field sales practice issues.
- Experience improving regulatory reporting procedures, reconciliations, and controls.
- J.D. or other relevant advanced degree.
- FINRA Series 7 and Series 24 registrations, or the ability to obtain them within 12 months of hire.
Responsibilities
- Review and analyze customer complaints, arbitrations, civil litigation, regulatory actions, criminal matters, bankruptcies, judgments, liens, and terminations to determine reporting and disclosure obligations under Forms U4 and U5, FINRA Rule 4530, and state requirements.
- Evaluate written and oral customer communications to determine whether they constitute customer complaints and whether reporting obligations apply.
- Coordinate, prepare, review, and ensure accurate and timely submission of regulatory filings and amendments; maintain documentation supporting reporting determinations.
- Prepare and submit quarterly customer complaint filings required under FINRA Rule 4530(d).
- Manage regulatory inquiries and examinations, including preparing and submitting responses to FINRA Rule 8210 requests and coordinating follow-up.
- Monitor response and filing deadlines, coordinate extension requests when appropriate, and escalate potential delays, deficiencies, or late filings.
- Work with business units, Operations, and the Office of General Counsel to obtain responsive documents and information.
- Provide guidance to business unit personnel, Agents, and Field Managers regarding internal reporting procedures, regulatory inquiries, and disclosure obligations.
- Prepare and review reconciliation, management status, and control reports to confirm matters are handled completely, accurately, and on time.
- Serve as a resource to team members, review work product, and support training on reporting procedures.
- Identify regulatory issues, reporting deficiencies, and emerging risks; escalate significant matters and recommend process or control improvements.
Benefits
- Full package of employee benefits.
- Leave programs.
- Adoption assistance.
- Student loan repayment programs.
- Annual discretionary bonus eligibility.
- Potential eligibility to participate in an incentive program.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
