Corporate Vice President - Compliance, Investments
New York, NY
November 22, 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 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 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.


The New York Life Investments Group provides investment management services to institutional and retail clients. The Investments Group has over $525 billion in assets under management as of September 30, 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 managed over $225 billion as of September 30, 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 Compliance Associate will report to the Corporate Vice President responsible for NYL Investors’ investments compliance.  


Specifically, the successful candidate will:

  • Assist with overseeing firm’s trade investment guideline monitoring process;
  • Address Trade Surveillance issues and provide backup coverage for the Trading Desk, as necessary;
  • Review client mandates, advisory contracts, prospectuses and statements of additional information;
  • Review guideline setups and conduct reconciliations to ensure correctness of account setups within the compliance system;
  • Assist in the development and maintenance of the Firm’s Compliance program;
  • Interface with investment professionals, operations, and business units as appropriate, to identify and resolve compliance issues that arise;
  • Prepare best execution and supervisory reviews, certifications, and compliance checklists;
  • Assist with projects relating to the enhancement of compliance procedures, policies and internal controls

Importantly, the Compliance Analyst will be expected to be a strong collaborator and coordinate regularly and constructively with all relevant functional groups. 


Qualifications & Experience

The ideal candidate will be a professional who is a self-starter and team player who is able to work with the business to assist in implementing 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 8 years of compliance experience within the financial service industry.  Bachelor’s degree required.
  • Knowledge of the Investment Advisers Act of 1940 and the related investment adviser regulations.  Knowledge of state insurance laws a plus.
  • Experienced developing and performing testing and reporting for 206(4)-7 purposes.
  • Familiarity with trade order management systems and the compliance functionality with such systems.  Experience with Blackrock Aladdin and Charles River preferred.
  • Experience with equity and fixed income instruments including: ETF’s, leveraged loans, private placements, real estate investments, and public equity.


Characteristics and Attributes

  • Excellent business judgment.
  • The ability to identify conflicts of interest and resolve complex errors partnering with key functional areas such as Operations, Legal, Relationship Management, etc.
  • The ability to deal effectively with investment personnel and to understand a variety of investment products.
  • Strong communication skills, both written and verbal.
  • Ability to interact with senior investment professionals.
  • High level of integrity and professionalism.
  • Superior judgment in assessing potential compliance matters, and knowing when to escalate, seek advice or when to act independently.
  • Decisive and mature.
  • Highly organized and detail oriented; able to solve complex problems in a collaborative manner.
  • Strong interpersonal skills.  Ability to work in a collaborative team environment.

General Profile:

  • Recognized as an expert within the company
  • Anticipates internal and external business challenges and/or regulatory issues; recommends process, product or service improvements
  • Solves unique and complex problems; requires conceptual and innovative thinking to develop solutions
  • Adapts function/business strategy plans and policies to address service and/or operational challenges
  • May play key role in projects, processes or vendor management


Functional Knowledge: Anticipates business and/or regulatory issues; identifies requirements for product, process or service improvements

Problem Solving: Solves unique and complex problems; requires conceptual and innovative thinking and education and/or equivalent experience to develop solutions

Decision Making/ Nature of Impact:

  • Responsible for the delivery of end results focused on operational excellence
  • Makes decisions guided by function/business plans and policies that impacts the operations of a sub-function or work area within a sub-function


Communication Requirements: Communicates complex ideas; persuades and negotiates with others, often at senior levels, to adopt a different point of view






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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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