Associate, RIA Compliance in New York, New York | DiversityInc Careers
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Associate, RIA Compliance

New York Life Insurance Company (“New York Life” or “the company”) is the largest mutual life insurance company in the United States*. Founded in 1845, New York Life is headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterrey New York Life in Mexico.


New York Life is one of the most financially strong and highly capitalized insurers in the business. The company reported 2016 operating earnings of $1.954 billion. Total assets under management at year end 2016, with affiliates, totaled $538 billion.  As of year-end 2016, New York Life’s surplus was $23.336 billion**.  New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies: A.M. Best, A++; Fitch AAA; Moody’s Aaa; Standard & Poor’s AA+. (Source: Individual Third Party Ratings Report as of 8/17/16).


Financial strength, integrity and humanity—the values upon which New York Life was founded—have guided the company’s decisions and actions for over 170 years.


Role Overview:
• Maintain the firm's lists of supervised persons, and conduct periodic reconciliations. Biweekly review of Sungard Protegent PTA access level changes.
• Maintain the firm's list of access persons, and conduct periodic reconciliations with registration lists, employee lists, and system access lists.
• Review initial holdings reports for new Access Persons and maintain appropriate files/documentation.
• Send initial COE certifications and conduct appropriate follow-up to ensure completion.
• Administer various regulatory certifications to 1,800 employees and Financial Advisors on an initial, quarterly and annual basis via the Sungard Protegent PTA system.  Follow-up with outstanding individuals to ensure timely completion of all requirements.
• Respond to questions from employees, Financial Advisors and staff regarding the firm’s Code of Ethics program and certification requirements.
• Assist the firm with maintaining current versions of Financial Advisors' Form ADV Part 2Bs within applicable systems.
• Communicate violations with employees, Financial Advisors and staff via email and phone.
• Draft internal disciplinary action referrals as necessary.
• Assist with the review and correction of system data errors via the Sungard Protegent PTA system.
• Assist with maintaining electronic data feeds from Designated Brokers.
• Assist with the firm’s quarterly collection of paper transaction statements. Submit broker confirms into Sungard so that the trades are reviewed against preclearance and blackout period rules. Also responsible for maintaining physical records in cabinets.
• Proactively identify and resolve compliance issues that may arise during daily activities.
• Exercise good business judgment and recognize when it is appropriate to escalate an issue.
• Assist with updating internal policies and procedures.
• Assist with other projects and initiatives as needed. 


• Bachelor Degree
• 5 plus years experience in Asset/Wealth Management Operations or Compliance.
• Compliance background required, with knowledge of Code of Ethics Rule 204(A)-1 of the Investment Advisers Act.
• Series 7 and 66 preferred or must be attained within 9 months. Opportunity for Series 24.
• Strong analytical skills, excellent Excel skills
• Must be able to have intermediate discussions about various products including securities, brokerage (NYLIFE Securities), advisory (Eagle).








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*Based on revenue as reported by “Fortune 500, ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, June 17, 2016.  See  for methodology.

**Total surplus, which includes the Asset Valuation Reserve, is one of the key indicators of the company’s long-term financial strength and stability and is presented on a consolidated basis of the company.


1. Operating earnings is the key measure use by management to track Company’s profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US (GAAP), with certain adjustments Company believes to be appropriate as a measurement approach (non GAAP), primarily the removal of gains or losses on investments and related adjustments.


2. Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.