Senior Associate, Field Unit Review Compliance Examiner

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.


General Job Description:


  • Conduct Complaince Examinations in a team setting to ensure that General Offices, Sales Offices, and Zone Offices are operating in accordance with Company rules and Federal and State regulations.
  • Conduct an annual review of New York Life's top producers.
  • Prepare for examinations of General Offices, Sales Offices, Zone Offices, and Detached Agent locations.  Interact with Branch Office Management to identify compliance concerns and areas of improvement.
  • Present findings to Senior Management, and provide written reports detailing areas of improvement in General offices reviewed.
  • Contribute to special projects designed to improve the CCD review process and Field Review prep and program functions.
  • Assume team leadership in selected General Office reviews with limited supervision.


 Required Qualifications:


Certifications/Licenses, Education, Technical/Functional Skill Sets, and Experience that are REQUIRED for this position:

  • Bachelors Degree
  • Audit or compliance experience
  • Working knowledge of Microsoft Word and Excel
  • FINRA Series 7 Registration, or obtain within one year
  • Excellent written and verbal communication skills 
  • Travel: 35 - 40% (Sunday travel required)


Desired Qualifications:


Certifications/Licenses, Education, Technical/Functional Skill Sets, and Experience that are DESIRED for this position.

  • The ideal candidate will have prior Insurance Company or Broker Dealer experience, preferably in Compliance or operations.
  • Must be able to work independently and within a team environment.


Overview of Division/Org. Unit

The Field Review Unit is responsible for conducting reviews of New York Life General Offices,  Zone Offices, and an annual review of New York Life's top producers to ensure compliance with Company, SEC, FINRA, and State Department of Insurance rules and regulations.







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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.