CORPORATE VICE PRESIDENT, Diversity and Inclusion
Location:
New York , New York
Posted:
October 19, 2017
Reference:
57432-en_US

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.

 

 

New York Life is committed to being an employer of choice by attracting, developing and retaining a diverse workforce.  We aim to provide a supportive and inclusive environment where all individuals, regardless of gender, race, ethnicity, national origin, sexual orientation, gender identity, disability or other classification, can maximize their potential.  The Office of Diversity and Inclusion works to achieve this by integrating diversity considerations into our key business and people processes such as recruiting, training, career development and other retention strategies. 

 

Reporting to the Chief Diversity Officer, the CVP of Diversity will help coordinate and manage strategies to build and retain a more diverse workforce at New York Life. 

 

  • Create and implement a strategy to develop and retain underrepresented talent.  Analyze workforce statistics, understand opportunities, develop a talent plan, and monitor progress.
  • Serve as the advisor to the Company’s African American, Asian Network Group, and Latino Employee Resource Groups (ERGs) and act as a liaison between the Office of Diversity & Inclusion and the ERGs.  Facilitate and manage the governance related to ERG activities.  Provide strategic direction and guidance to the ERGs, ensure alignment with company strategy, make recommendations, and raise issues as appropriate.
  • Manage external diverse partnerships to build the New York Life brand and to provide development and networking opportunities for New York Life’s diverse talent.
  • Work closely with the Talent Management team on internal leadership development programs for diverse talent, and identify and manage external development programs.  Serve as a strategic advisor to the employee network groups and other target populations to ensure their cultural and professional development needs and plans are successfully met.
  • Assist with the ongoing activity related to Coming Together, New York Life’s race relations program, including session content, communications, and resource center for employees.
  • Work with the Chief Diversity Officer and Talent Management on expanding the company’s inclusion training programs and process reviews.
  • Work with the Office of Diversity & Inclusion team members on employee engagement initiatives and  D&I awareness programs to increase reach and educate employees.

• Bachelor’s degree
• Experience in the diversity & inclusion marketplace; preferably a minimum of 7 years experience.

• Excellent analytical and reporting skills
• Strong ability to influence without authority

• Excellent oral and written communications skills, as well as presentation skills, with ability to communicate effectively with all levels of internal and external stakeholders
• Ability and desire to coach and develop other professionals
• Excellent consultation and negotiation skills
• Strong collaboration skills
• Demonstrated problem solving and decision making skills
• Proven ability to manage multiple projects and priorities in a fast paced, dynamic environment
• Excellent organization skills
• Sound judgment, decision making, and high ethical standards
• Flexible, innovative in a fast paced, growth-oriented and time-critical environment
• Strong proficiency in Excel and PowerPoint

 

 

EOE M/F/D/V

 

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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 http://fortune.com/fortune500/  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.


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