Compliance Associate

New-York-Life; New York (NY); Hybrid; USD 65,000 - 93,000; Full time

Job summary

New York Life is seeking a Compliance Associate in New York City to support risk management and regulatory compliance for corporate-owned, bank-owned, and retail life insurance products.

You will collaborate with Compliance, Legal, Risk Management, and brokers to ensure services and processes meet regulatory requirements, with a focus on audits, inquiries, and third-party distributions.

Qualifications

• Bachelor’s degree in Business or related field; 2–4 years’ experience.
• Ability to interpret federal/state insurance and securities laws for life products.
• Coordinate responses to regulatory, audit, and inquiries with accuracy and timeliness.
• Strong written and verbal communication; provide well-supported recommendations.
• Series SIE and Series 6 within 1 year of employment.

Responsibilities

• Conduct operational due diligence of insurance funds, third-party administrators, and vendors to identify and assess compliance and operational risks.
• Coordinate responses to customer and regulatory inquiries, complaints, audits, examinations, and internal or external reviews, ensuring information is accurate, timely, and complete.
• Support third-party distribution compliance by reviewing producer and servicer licensing, contracts, appointments, compensation schedules, and required annual compliance certifications.
• Assist with updates to prospectuses and private placement memoranda, and ensure required regulatory communications are provided to policy owners accurately and on time.
• Draft risk and compliance reports for senior leaders and control partners, recommend practical improvements to strengthen controls, and monitor responsible use of AI to enhance day-to-day efficiency and effectiveness.

Skills

Regulatory knowledge

Insurance products

Compliance coordination

Communication skills

Series SIE/6

Education

Bachelor’s degree in Business

Job description

Job DescriptionRequisition ID94610DepartmentInstitutional LifeJob FunctionInstitutional LifeLocationNew York,New York,United StatesRole Location DesignationHybrid - 3 days per weekJob Requisition ID: 94610Location Designation: Hybrid - 3 days per weekAlternate locations: New York, NY (New York); Overland Park, KS (Kansas)Business Unit OverviewThe Institutional Life (IL) business provides sophisticated life insurance solutions for the Bank-Owned Life Insurance (BOLI), Corporate-Owned Life Insurance (COLI), and Institutional COLI (ICOLI) markets. These solutions are designed to help organizations attract, retain, and reward highly compensated executives and professionals.Role Overview:As a Compliance Associate, you will support risk management and compliance initiatives for corporate-owned, bank-owned, and retail life insurance products distributed primarily through third-party brokers. You will partner across the business, and with Compliance, Legal, Risk Management, and other teams to help ensure products, distribution activities, and business processes comply with applicable regulatory requirements, company policies, and industry best practices.What You’ll Do:• Conduct operational due diligence of insurance dedicated funds, third-party administrators, and vendors to identify and assess compliance and operational risks.• Coordinate responses to customer and regulatory inquiries, complaints, audits, examinations, and internal or external reviews, ensuring information is accurate, timely, and complete.• Support third-party distribution compliance by reviewing producer and servicer licensing, contracts, appointments, compensation schedules, and required annual compliance certifications.• Assist with updates to prospectuses and private placement memoranda, and ensure required regulatory communications are provided to policy owners accurately and on time.• Draft risk and compliance reports for senior leaders and control partners, recommend practical improvements to strengthen controls, and monitor responsible use of AI to enhance day-to-day efficiency and effectiveness.What You’ll Bring:You bring knowledge of life insurance products, distribution channels, regulatory requirements, corporate governance, internal controls, and risk management principles. You can interpret and apply requirements, identify and escalate potential compliance risks, and develop practical recommendations within established policies and regulations. You communicate complex compliance matters clearly and collaborate effectively with business partners, management, auditors, regulators, brokers, and external clients.Required Skills:• Bachelor’s degree in Business or a related field and/or equivalent experience• 2 - 4 years of relevant experience.• Demonstrated ability to interpret and apply federal and state insurance and securities laws, rules, and regulations applicable to fixed and variable life insurance products, including private placement products.• Ability to coordinate responses to complex regulatory, audit, and business inquiries while ensuring accuracy, timeliness, and compliance with applicable requirements.• Strong written and verbal communication skills and the ability to provide well-supported recommendations to business partners, management, auditors, regulators, brokers, and external clients.• Series SIE and Series 6 required within one year of employment.Preferred Skills:• Knowledge of corporate-owned, bank-owned, retail, fixed, variable, and private placement life insurance products.• Understanding of internal controls, corporate governance, risk management principles, and third-party distribution operations.• Ability to identify control gaps and recommend process improvements based on audit findings, compliance reviews, and periodic assessments.#LI-SV1#LI-HYBRIDPay TransparencySalary Range: $65,000 - $92,500Overtime eligible: ExemptDiscretionary bonus eligible: YesSales bonus eligible: NoActual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.Company OverviewAt New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.Our diverse business portfolio creates opportunities to make a difference across industries and communities—inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you’ll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what’s next, and your growth powers it.Our BenefitsWe provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.Our Commitment to InclusionAt New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.Job Requisition ID: 94610Read More