Chief Compliance Officer, Corporate Vice President (33935)
New York, NY
July 26, 2016
Position Type:
Full Time

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 Monterey 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 2015 operating earnings of $1.875 billion. Total assets under management at year end 2015, with affiliates, totaled $528 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 8/11/15).


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.



Chief Compliance Officer – NYL Investors / Madison Capital

The New York Life Investments Group provides investment management services to institutional and retail clients. The Investments Group has over $500 billion in assets under management as of May 31, 2016. The Investments Group utilizes an investment boutique model and has affiliated investment advisers in the U.S., EU and Australia.

NYL Investors, an affiliated investment boutique, is a U.S. registered investment adviser that manages over $225 billion as of March 31, 2016, primarily for the New York Life General Account. NYL Investors also has third party clients. NYL Investors is comprised of Fixed Income Investors, Real Estate Investors and Private Capital Investors. The person will also serve as the CCO of Madison Capital, a registered investment adviser located in Chicago. Madison Capital provides financing to support middle market private equity sponsors through leveraged buyouts, recapitalizations and add–on acquisitions. Madison Capital manages over $8 billion as of March 31, 2016, including assets for the New York Life General Account and third party clients, as well as equity co-investments.  The job involves regular travel to Chicago. 


The CCO will report to the Chief Compliance Officer of the Investments Group and will be responsible for all aspects of the advisers’ compliance programs. The CCO will be expected to be current on regulatory developments and best practices and to help integrate such practices into our businesses. The CCO will collaborate with the CCOs of affiliated investment advisers, draw upon certain centralized compliance functions, interface with the Corporate Compliance Department and also work on Special Projects.


Specifically, the successful candidate will:


  • Enhance and maintain the Compliance program;
  • Interface with the investment professionals, operations, and business units as appropriate, to identify and resolve conflicts of interest and address issues that arise in the conduct of business;
  • Handle regulatory inquiries and manage on-site examinations;
  • Prepare and conduct training;
  • Chair and conduct Compliance Committee meetings;
  • Participate in client due diligence meetings;
  • Prepare certifications for clients and mutual fund boards;
  • Be informed of and anticipate changes in regulatory regimes in each jurisdiction and implement appropriate changes to compliance practices and policies;
  • Identify potential areas of compliance vulnerability and risk and lead projects relating to the enhancement of compliance procedures, policies and internal controls; and
  • Represent the advisers on interdepartmental and intercompany working groups.


Importantly, the Chief Compliance Officer will be expected to be a strong collaborator who will foster relationships across the firm and coordinate regularly and constructively with all relevant functional groups.  The Chief Compliance Officer will serve as a strong steward for the firm who will interface with senior management on compliance matters. 



& Experience

The ideal candidate will be a highly regarded professional with a proven record as a self starter and team player who is able to work with the business to develop and implement Compliance solutions that are pragmatic, effective and forward-looking, spot risks and trouble shoot. The candidate will be able to work successfully with a diverse set of individuals and constituencies. In addition, the candidate should have the following:


  • Minimum 10-15 years of compliance experience within the financial service industry.   
  • Knowledge of the Investment Advisers Act of 1940 and the related investment adviser regulations.
  • Experience with the investment management industry.
  • Experience with fixed income, leveraged loans, private placements and real estate investments.
  • Excellent business judgment.
  • The ability to identify and resolve business issues and to partner with business leaders as well as with other key functional areas such as Accounting, Legal, Marketing, Infrastructure Services etc.
  • The ability to deal effectively with investment personnel and to understand a variety of investment products.
  • Strong communication skills, both written and verbal.
  • Series 7, 24 preferred.
  • A J.D. is preferred.


Characteristics and Attributes


  • High level of integrity and professionalism.
  • Superior judgment in assessing potential compliance matters, the application of industry developments to the business and knowing when to seek independent advice and when to act independently.
  • Strong project management skills.
  • Decisive and mature.
  • Ability to tailor Compliance solutions to business conditions.
  • Highly organized and detail oriented; able to solve complex problems in a collaborative manner.
  • Strong interpersonal skills.
  • Willing to travel.








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*Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, June 15, 2015.  See  for methodology.

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.


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