SENIOR ASSOCIATE, Compliance Analyst - Sales and Advertising Material Review

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • New York Life Insurance Company
  • 20 Aug 17

SENIOR ASSOCIATE, Compliance Analyst - Sales and Advertising Material Review

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.

Job Description and Responsibilities :

  • Conduct complete and timely compliance reviews of marketing materials (advertising and sales literature) for the salesforce in order to ensure compliance with applicable FINRA (specifically rule 2210)/SEC Rules, NAIC Advertising Guidelines, as well as Company policies and procedures.
  • Review illustration prototypes in collaboration with Office of the General Counsel.
  • Respond to all inquiries regarding advertising concerns.
  • Provide guidance to authors of advertising and sales material about applicable policies and procedures and the regulatory environment
  • Educate and update clients on specific changes within the industry affecting advertising material and approval process.
    Qualifications :
  • Must have a Bachelors Degree.
  • Must have Series 6 and 26 OR Series 7 and 24 FINRA licenses.
  • 4+ years of experience in compliance advertising review.
  • Knowledge of the following:
    • Life insurance and annuity products or general insurance products
    • Federal and state insurance laws and regulations
    • Securities laws and regulations (including FINRA rules applicable to communications specifically with the public, as these relate to the compliance standards for securities and insurance products in marketing and sales materials including social media).
  • Ability to process all material assigned for review and approval in a timely manner.
  • Must possess excellent written and verbal communications skills.
  • Must be highly organized in order to process a high volume of documents on a daily basis.
  • Must be able to work effectively under pressure and tight deadlines.
  • Must have excellent computer skills, proficient in PowerPoint, Adobe, and Snagit.
  • Must have good judgment, be a self-starter and proactive.
  • Must be objective and professional.
  • Must exhibit excellent customer service & always respond promptly and in a professional manner.
    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 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.