Sr. Associate, Advisory Compliance in New York, New York | DiversityInc Careers
 
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Sr. Associate, Advisory Compliance

 

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 

Role Overview:
• Ensure that advisory accounts (FA, SMA, UMA, Rep Directed, Solicitor, ERISA) adhere to stated investment guidelines and regulatory standards. 
• Gather all relevant information, make decisions and provide creative solutions that are within risk tolerance of the corporate entity.
• Provide expert assistance regarding  complex compliance related inquiries of Eagle Strategies Advisors, clients and internal partners.
• Build and maintain key relationships across CCD, OGC and Field force to promote a culture of compliance and a consistent set of practices.
• Develop detailed inquiries to Field Management, including Managing Partners and each of the Supervisory Zones.
• Proactively engage with various areas to understand activities, identify potential risks and manage mitigation plans.
• Draft and transmit Disciplinary Action Referrals to Agency Standards as necessary.
• Design, test and implement Investment Policy Exception rules, that meet.
• Actively participate in meetings and projects with Senior Management, CCD and OGC.
• Collaborate with Internal Consultants, Portfolio Specialists, Commissions and Operations teams for intricate case work.
• Work with Eagle Strategies business partners to ensure that technology workflows are operating correctly and efficiently.
• Identify and lead resolutions of compliance issues that may arise during daily activities.
• Proactively identify process improvements and work to implement the solutions to build efficiencies and increase productivity.
• Develop trend analysis of Investment Policy Exceptions.
• Ensure that the RIA's  Policies and Procedures and Desk Manual accurately reflect current state.
• Participate in the onboarding of an external compliance monitoring solution.
• Review and enhance existing training material including Firm Element.
• Exercise good business judgment and recognize when it is appropriate to escalate an issue.
• Assist with the monitoring of NYLIFE Securities brokerage accounts as needed.
• Complete special projects as needed.

 

Qualifications:
• Bachelor Degree
• 5+ relevant experience
• Series 7 required. Series 24 and Series 66 preferred or must be atatined within 6 months.
• Must be able to have intermediate to advanced discussions about various products including securities, brokerage (NYLIFE Securities), advisory (Eagle).
• Strong knowledge of Advisory regulations (SEC) and Broker Dealer regulations (FINRA).
• Excellent Excel skills
• Familiarity with Weathscape and/or Envestnet a plus.
• Excellent analytical skills with deep knowledge of how Advisory products work (SMA vs FA Vs UMA vs Rep as Advisor).
• Knowledge of effective monitoring pf said products.
• Must be self-motivated and able to multi-task and work independently.

 

  • Series 6 and Series 7 registrations are required – the Security Industry Essentials Exam is a registration pre-requisite as of October 1, 2018

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