New York Life Insurance Company Compliance Specialist in New York, New York

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Summary :

The Audit and Exams team is responsible for ensuring that the Service Organization's policies and procedures are aligned with applicable regulatory and compliance requirements. In addition to assisting with the implementation of new regulatory requirements, the team is also responsible for monitoring the Service Organization's continued adherence to established regulatory requirements. Working under the direction of the Compliance CVP, the Audits & Exams Specialist is responsible for the preparation of a wide variety of information that is requested in conjunction with the various internal and external audits that the Insurance Group Service Organization participates in. These inquiries include those received from Corporate Audit, FINRA, PWC as well as the various state Departments of Insurance . This individual is expected to stay abreast of new regulatory developments, identify the specific information needed to satisfy an examiner's request, assist end business users with the collection of information and validate planned submissions to confirm their accuracy and completeness.

Major Responsibilities:

  • Serve as the Service Organization liaison to Corporate Compliance on matters related to the SEC 38a-1 and 3012/3013 reporting requirements. These responsibilities include completion and oversight of the quarterly reports, facilitating the collection and review of information requested during the annual review process along with identifying and recommending opportunities to strengthen the existing processes related to these initiatives.

  • Assist in the collection and review of information requests for all internal and external audit inquires including those performed by: Corporate Audit, FINRA, PWC and State Departments of Insurance.

  • Assist in the identification and development of key reporting metrics used throughout the Service Organization to measure and strengthen the overall compliance environment.

  • Provide guidance to representatives and managers throughout the department on established regulatory and compliance guidelines.

  • Track the status of outstanding information requests and distribute weekly and monthly communications to Service Organization management on current audit watch list items.

  • Track the status of issues resulting from reviews conducted by but limited to Quality Assurance, Corporate Audit, FINRA, PWC, as well as the various state Departments of Insurance

  • Participate in audit and/regulatory recovery efforts as assigned by their manager. May serve in a project management capacity depending on the scope of the recovery effort.

Qualifications :

  • Bachelor’s Degree preferred

  • FINRA Series 6 or 7 license preferred

  • Business knowledge and acumen

  • At least 3+ years of experience as a compliance professional at an insurance company

  • Knowledge of state insurance laws, including the market conduct examination process

  • Ability to make decisions, use independent judgement, establish priorities and work effectively on multiple initiatives concurrently while maintaining strict attention to detail

  • Capacity to consider, process, and filter substantial amounts of complex information quickly and identify appropriate actions in a fast-paced environment

  • Effective communication skills, work ethic, as well as a high level of personal integrity and accountability

  • Ability to work across the enterprise and present complex matters to senior business leaders

  • Demonstrates the ability to use sound judgement and discretion regarding confidential information



Please note : This role requires FINRA licensed and/or FINRA Associated Person pre-hire fingerprinting.


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