Mutual Opportunities
Advisory Risk Oversight Consultant
Springfield, Massachusetts; New York, New YorkThank you to our employees for voting us one of the top places to work in Massachusetts for five consecutive years!
Overview
A career with us means you’ll work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are at the foundation of what enables MassMutual to deliver on our purpose to help people secure their futures and protect the ones they love.
We embrace the idea that we all are stronger and better through our support for one another. We strive to create a culture where employees feel valued and are celebrated for who they are.
Job Description
The Opportunity
As an Advisory Risk Oversight Consultant, you will join a team that is focused on managing investment policies for the firm’s investment advisory programs, as well as related brokerage and insurance related products and services. This role will be actively engaged in the construction and monitoring of investment policy guidelines and will provide consultative operational support and issue resolution for field advisors and other internal stakeholders. The Advisory Oversight Consultant will also identify and lead project enhancements to further optimization of the advisory oversight function, implement new or changed processes, and be an active and visible participant in overall risk management routines in Wealth Management.
The Team
The team has varied backgrounds and experience in the industry but share a developed business acumen, an agility to switch between support and analytical work as well as a strong communication skillset, delivered both internally and externally. The role of this team is a careful balance between investment expertise, core support role of the advisors’ practices and participation in on-going internal oversight initiatives.
The Impact
The Advisory & Risk Oversight Team is a multi-tiered business unit that assists the Broker-Dealer in mitigating risk for the firm and its partners. This is accomplished by accurate, timely execution of the firm’s Supervisory Control Procedures.
Key Responsibilities Include:
Key participant in the maintenance of the firm’s advisory program investment policies, guidelines, and operating procedures
Monitoring and detecting violations of the firm’s advisory program investment policies and working independently with advisors, field management, product and support teams to design and implement timely resolutions
Partnering with lines of business, Compliance, Supervision and Law to execute operational and regulatory risk initiatives including identifying, implementing, and documenting solutions
Participating in implementation of initiatives with greater complexity that benefit the greater Wealth Management organization
Drafting, reviewing, and implementing policies and operational procedures to support the advisory oversight team and lines of business stakeholders
Demonstrating the ability to effectively communicate with registered representatives including agency personnel, as well as internal business partners such as Compliance, Field Inspection, and Regional Supervisory Directors
Preparing and delivering analyses, reports, and presentations to management
Staying current on regulatory and industry matters relevant to the MassMutual Wealth Management line of business
The Minimum Qualifications
5+ years of financial services, banking, insurance, or regulatory experience
Bachelor’s degree
FINRA Series 7 & 24 at time of application or must obtain within 180 days
2+ years' experience with investment programs, portfolio management, financial risk management and analysis
2+ years' experience in project management, implementing regulatory requirements or process enhancements
The Ideal Qualifications
8+ years of financial services, banking, insurance, or regulatory experience
MBA or PMP certification
FINRA Series 7 & 24 at time of application
Chartered Financial Analyst (CFA) or working toward attainment
Strong knowledge of investment advisory products, security types and how they work, asset allocation and portfolio construction
Solutions and detail oriented, organized, critical thinking and decision making are a must
Ability to work independently, multi-task and manage daily responsibilities with project work
Strong verbal and written communication skills; ability to build relationships vertically in the organization
Strong interest in doing more and moving up in responsibilities and visibility
Exposure to investment advisers, financial planning concepts, sales practices, and regulations
Direct experience managing the identification, solution design and implementation of new regulatory requirements, processes and/or high-level operational procedures
Direct experience with risk, compliance, or supervision practices in financial services or with a regulator
High level critical thinking with a problem resolution mindset
Exceptional organizational, analytical, problem-solving and communication skills
What to Expect as Part of MassMutual and the Team
Regular meetings with the Investment Policy Support team
Focused one-on-one meetings with your manager
Access to mentorship opportunities
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
Access to learning content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical nosiness with industry leading pay and benefits
#LI-CR41
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment.
Salary Range: $84,100.00-$110,300.00
Hiring Process
Explore
Explore our open jobs by clicking 'search jobs' to find a position that aligns with your experience and skills. You may also consider joining our Talent Network.
Apply
Click the “apply” button on that job posting to complete and submit your application. Your application will be reviewed by a recruiter, which, due to the volume of applications received, may take some time as we carefully consider each application.
Screen
After your application has been reviewed, if you meet the qualifications for the role, a recruiter will reach out to you to start a conversation.
Interview
If you are invited for an interview, you will be scheduled to meet with the hiring manager and hiring team.
Offer
If you are extended an offer to join MassMutual and accept, your start will be contingent upon a satisfactory background check.
Hire
If you accept the offer, we will be so excited to welcome you to the MassMutual community!
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
By the numbers*
- 88% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say they feel encouraged to bring forth new ideas - 86% of employee respondents say MassMutual cares about and supports the well-being of their employees
*Source: 2024 MassMutual employee engagement survey
Award-Winning Culture
MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. It’s more than our company structure — it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources and rely on each other when it counts.
We strive to embrace diversity in every sense, focusing on building a thriving community where everyone is valued, included, and feels that they belong.
At MassMutual, we Live Mutual.
How We Work
MassMutual’s flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.
Benefits for the whole you (and your loved ones)
There’s more to your life than your job and there’s more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you’d expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1,250 annual Well-Being Wallet, and up to 320 hours of caregiver leave.
Explore some of our offerings below. Benefit details can be found here.
Why MassMutual?
Kevin
Compliance Consultant
Seth
Service Management Consultant
Kymberly
Head of Experience Journey Mapping
where we work
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