Suitability PrincipalRemote - US Investment Management Job ID R14687
As a Variable Annuity Suitability Principal you will conduct back-office review and firm-acceptance of Broker Dealer New Business submissions, and 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 MML Investors Services, LLC New Business Team is comprised of highly skilled, financial services professionals who render collaborative compliance solutions to our Financial Advisors. Team members demonstrate high levels of competence in the areas of resilience, accountability, agility, and are focused on continuous improvement and development. The team culture is collaborative, cross-functional, and fosters high performance results with an emphasis on encouraging a healthy work/life balance. We seek to provide best-in-class service to sophisticated Advisors as they provide their clients with a holistic suite of wealth management products and solutions.
As a Suitability Principal 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 suitability concerns and guidelines.
Key Responsibilities Include:
Conduct back-office review and firm-acceptance of new and existing submissions related to Brokerage, Direct and Third-Party Advisory accounts.
Review trading activity of registered representatives through supervisory control procedures and application of firm policies and procedures and will require the associate to eventually become a subject matter expert for all previously referenced lines of Inforce Business, including a solid understanding of our platforms and systems.
Determine root cause of issues, provide solutions, and resolve matters independently without management supervision at times.
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 review of securities such as Options trading and Municipal Securities may be required. Involved daily in complex problem resolution requiring higher level critical thinking.
Consult with registered representatives, Agency Supervisory Officers and Regional Supervisory Directors, providing guidance on suitability concerns and guidelines.
Consistently identify and report to management on trending and risk mitigation measures.
The Minimum Qualifications
FINRA Series 7 & 24 required at time of application
At least 3+ years MMLIS experience conducting suitability reviews OR at least 5+ years' experience conducting suitability reviews within the brokerage/advisory space
High School Diploma or equivalent
**Principals working 100% remotely may be subject to on-site inspection by MML and/or regulators
The Ideal Qualifications
At least 5+ years MMLIS experience conducting suitability reviews OR at least 7+ years' experience conducting suitability reviews within the brokerage/advisory space
Ability to work in a fast paced, ever changing environment
High degree of ownership and sense of urgency
Superior customer service skills
Excellent interpersonal skills; team player, self-motivated; patient demeanor; approachable style
High aptitude for effective problem resolution
Strong organizational and time management skills are essential
College degree preferred with a concentration in business or finance
Passion for embracing business process improvement opportunities
Must be able to think independently and tactfully challenge the opinions of others
What to Expect as Part of MassMutual and the Team
Regular meetings with the MMLIS New Business Central Region 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
*** Candidates residing within 50 miles of the MassMutual Springfield, MA office will be required to work a hybrid schedule of 3 days a week.
#LI-REMOTEMassMutual 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.
Jobs Like This One
At MassMutual, we believe in the value of being together in our offices and in personal flexibility.
Our work environment is one where the majority of our team members work a hybrid schedule — working at least three days in the office (Tuesday, Wednesday and a third day) and the rest remotely, balancing flexibility with in-person collaboration. While the majority of our employees follow this hybrid model, some of our roles continue to be 100% on-site and others may be 100% remote, subject to business needs.
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, policyowners and customers, we are defined by mutuality and our vision to put customers first. 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. At MassMutual, we Live Mutual.