Mutual Opportunities
Compliance Consultant
Springfield, Massachusetts; Boston, Massachusetts
Thank 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.
“Since our founding in 1851, mutuality has put our policyowners at the center of everything we do. At our core, we’re a company of people helping people in their time of need, and that spirit extends to the culture we’ve built at our company. Our employees support and rely on each other each day, collaborating to deliver the best solutions for our customers and help millions more secure their future and protect the ones they love.”
Job Description
Compliance Consultant
Investment Advisory and Financial Planning Compliance Team
Full-Time (Hybrid - 3 days/week in office)
Boston, MA or Springfield, MA
The Opportunity
As a Compliance Consultant, you will be a part of a dynamic and collaborative team focused on assessing MML Investor Services, LLC’s (MMLIS) compliance with investment advisory and broker-dealer requirements. Specifically, this role manages MMLIS’ conflicts identification and mitigation program (the “Conflicts Program”). In collaboration with business partners (including senior leaders), the Compliance Consultant is responsible for identification of new conflicts, proposing mitigations (including disclosures), managing the MMLIS Conflicts Committee meetings, maintaining the MMLIS Conflicts Catalogue, and administering an annual conflicts certification.
In addition to the above, the Compliance Consultant will provide compliance consulting to our business partners related to various products, services, and platforms to ensure compliance with regulatory requirements, and drafts certain key regulatory reports, including the firm’s annual 206(4)-7 report and 2020-02 retrospective report.
This position is based in Springfield or Boston and follows a hybrid work schedule.
The Team
The Investment Advisory and Financial Planning Compliance team collaborates with a variety of stakeholders to promote a culture of compliance with the Securities Exchange Act of 1944 and Investment Advisers Act of 1940, and ERISA standards, as applicable, as well as FINRA, SEC, DOL and state regulatory requirements. We seek to offer clear and actionable compliance guidance and influence business partners to ensure they have the knowledge and tools necessary to navigate the complex regulatory landscapes with integrity and success.
The Impact:
As a Compliance Consultant, your responsibilities will include, but are not limited to the following:
- Administration of the Conflicts Program: Identify, evaluate, and propose mitigations for new or existing conflicts related to MMLIS’ activities as a broker dealer and investment adviser. Coordinate periodic Conflicts Committee meetings, managing the agenda, offering compliance guidance to senior leaders as needed.
- Maintain Conflicts Catalogue: Maintain the MMLIS broker-dealer and investment advisory Conflicts Catalogue, ensuring its ongoing accuracy, including stated mitigation efforts. Coordinate associated disclosure obligations with members of the Law Department.
- Project Guidance: Work independently on complex projects related to new products, services, platforms, and business initiatives, primarily as it relates to compliance with the Investment Advisers Act of 1940. Knowledge of and experience with ERISA/DOL standards, including fiduciary standards is a plus but not required.
The Minimum Qualifications
- Bachelor's degree and 5+ years of compliance experience required.
- 5+ years of experience with relevant Investment Advisers Act, Exchange Act, and FINRA, DOL, and SEC regulatory requirements.
- Due to the nature of this position, as part of our background check process, candidates must be able to pass a non-registered fingerprint background check to qualify as a fingerprinted person under FINRA.
The Ideal Qualifications
- Series 7 & 24
- The ability to work independently.
- Experience with conflicts mitigation programs.
- Advanced Degree (e.g. JD) and 10+ years experience preferred.
- Exceptionally strong business acumen. The successful candidate must be able to clearly and effectively communicate compliance issues to business partners (including senior business partners) and to influence business decisions.
- Exceptional written communication skills.
- Strong analytical abilities that can assess both risks and the effectiveness of compliance controls.
What to Expect as Part of MassMutual and the Team
- Regular meetings with the 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 business with industry leading pay and benefits
#LI-FT1
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: $107,700.00-$141,300.00
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
Springfield Office
1295 State Street, Springfield, MA
Boston Office
10 Fan Pier Blvd, Boston, MA
New York Office
2 Park Ave,
New York, NY
Virtual
New Job Openings
Sign up for job alerts
Don't see what you're looking for? Sign up for job alerts and we'll notify you when jobs become available.
Job recruiter fraud is a scam by impostors posing as recruiters or representatives of a company promoting fake job opportunities to job seekers.
MassMutual will never ask job candidates to pay any kind of fee, make cash or check advancements, cash checks or make an investment in any product or service or provide information such as credit card numbers or banking PIN numbers as part of our hiring process.
If you are contacted by anyone asking for information outlined above, it is likely fraudulent. If you have any concerns about the veracity of a request, please contact us to verify its legitimacy.
Share This Job