Advisory Risk Oversight Consultant
Company: MassMutual
Location: Springfield
Posted on: September 18, 2024
Job Description:
The OpportunityAs 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 TeamThe 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 ImpactThe 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 businessThe 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-CR41MassMutual 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.
Keywords: MassMutual, Chicopee , Advisory Risk Oversight Consultant, Other , Springfield, Massachusetts
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