Suitability Principal

Massachusetts Mutual Life Insurance; Springfield (MA); Híbrido; USD 95 000 - 130 000; Tempo integral

Resumo da oferta

MassMutual's MML Investors Services (MMLIS) Cashiering department seeks a Suitability Principal to review brokerage and money movement activities and ensure firm acceptance of submissions with high accuracy. You will liaise with Compliance, Field Inspection, and Regional Supervisory Directors while guiding staff in regulatory requirements.

The role emphasizes leadership, critical thinking, and strong communication. Some remote work may be possible, with on-site expectations near Springfield, MA.

Qualificações

• FINRA Series 7 at time of application.
• Must obtain FINRA Series 24 within 90 days of hire.
• 2+ years MMLIS experience and / or 3+ years' experience with Brokerage/Advisory Transfer of Assets or Money Movement transactions.
• High School Diploma/GED/HiSET.
• Principals working 100% remotely may be subject to on-site inspection by MML and/or regulators.
• Candidates residing within 50 miles of the MassMutual Springfield office will be expected to work a Hybrid schedule of 3 days a week in the office.

Responsabilidades

• Conduct back-office review and firm-acceptance of Broker Dealer business submissions including Corporate RIA accounts, Brokerage accounts, Options accounts, 529 plans, money movement, transfers, and account maintenance.
• Handle the review of death and divorce related transfers between accounts, federal wire disbursements, international money movement, restriction removals and collateral releases.
• Assist in the processing of daily transactions by reviewing and approving for accuracy, alignment with client instructions and internal policies while multitasking and prioritizing duties throughout the day to ensure timely resolution.
• Working independently and in a team environment on these duties for individual and team wide success.
• Determine root cause of issues, provide solutions, and resolve matters independently without management supervision.
• Implementation and management of operational and supervisory procedures for the firm.

Descrição da oferta de emprego

The Opportunity

As a Suitability Principal, you will be responsible for conducting back-office suitability reviews and firm-acceptance for accounts clearing through National Financial Services (NFS). You will also be responsible for the review and acceptance of money movement, transfers, and account maintenance transactions. You will demonstrate a strong penchant for leadership and coaching. In this role, as well as all roles within MassMutual, you will demonstrate accountability, agility, a dedication to be inclusive, a strong business acumen, and will show courage, even in the most difficult situations. We also highly value strong communication skills, a passion for learning, leadership traits, resilience, and self-awareness.

The Team

MML Investors Services (MMLIS) Cashiering department reviews and processes brokerage and advisory transfers in a timely manner to facilitate the movement of customer funds in and out of our brokerage accounts held with National Financial Services (NFS); including depositing and withdrawing of funds. Further, the team handles the setup and modifications of money movement investment and withdrawal plans. We provide guidance and education to field reps on requirements and regulations regarding money movement and communicate frequently with National Financial Services. The team also works closely with the Transfer of Assets, Advisory, New Business and Trading teams within MMLIS.

The Impact

As an InForce Business Acceptance Consultant you will effectively communicate with registered representatives, agency personnel, and internal business partners such as Compliance, Field Inspection, and Regional Supervisory Directors and provide guidance on money movement suitability, introducing broker/dealer and clearing firm money movement requirements and policies, and navigating margin related money movement matters (e.g., guarantee of funds). Additionally, you will be involved daily in complex problem resolution requiring higher level critical thinking, including the occasional policy exception review. As a registered principal, you may be asked to temporarily step into the role of another department's Business Acceptance Consultant, requiring the general knowledge of non-Cashiering related duties.

Key responsibilities will include:

• Conduct back-office review and firm-acceptance of Broker Dealer business submissions including Corporate RIA accounts, Brokerage accounts, Options accounts, 529 plans, money movement, transfers, and account maintenance
• Handle the review of death and divorce related transfers between accounts, federal wire disbursements, international money movement, restriction removals and collateral releases
• Assist in the processing of daily transactions by reviewing and approving for accuracy, alignment with client instructions and internal policies while multitasking and prioritizing duties throughout the day to ensure timely resolution
• Working independently and in a team environment on these duties for individual and team wide success
• Determine root cause of issues, provide solutions, and resolve matters independently without management supervision
• Implementation and management of operational and supervisory procedures for the firm
• Ability to effectively communicate with registered representatives, agency personnel, and internal business partners such as Compliance, Field Inspection, and Regional Supervisory Directors
• Specialized regulatory knowledge of securities such as Options trading, Municipal Securities, Mutual Fund classifications and Margin regulations may be required
• Involved in complex problem resolution requiring higher level critical thinking daily
• Consistently identify and report to management on trending and risk mitigation measures
• Engage with specialized professional personnel/departments at MMLIS and NFS, such as Legal, Compliance, Anti-Money Laundering, Risk and Margin
• Become well versed in retirement products, Internal Revenue Service (IRS) regulations and banking services/workflows (e.g., clearing house, pre-note, federal wire, intermediary banking)

The Minimum Qualifications

• FINRA Series 7 at time of application
• Must obtain FINRA Series 24 within 90 days of hire
• 2+ years MMLIS experience and / or 3+ years' experience with Brokerage/Advisory Transfer of Assets or Money Movement transactions
• High School Diploma/GED/HiSET
• Principals working 100% remotely may be subject to on-site inspection by MML and/or regulators
• Candidates residing within 50 miles of the MassMutual Springfield office will be expected to work a Hybrid schedule of 3 days a week in the office

The Ideal Qualifications

• FINRA Series 7 & 24 required at time of application
• 3+ years MMLIS experience and / or 5+ years' experience conducting suitability reviews within the brokerage/advisory space
• Extensive working knowledge or ability to learn the following systems: ICP, A360, Case Manager, Wealthscape, GIACT, Accurint/LexusNexus, FBSI, and Envestnet's ENV2 platform
• Ability to work in