Associate General Counsel, Investment Advisory Counsel

New York Life New York, NY
New York Life Insurance Company is the largest mutual life insurance company in the United States. Founded in 1845 and headquartered in New York City, New York Life reported 2017 operating earnings of $2.06 billion. Total assets under management at year end 2017, with affiliates, totaled $586 billion.

New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies: A.M. Best, A++; Fitch AAA; Moody’s Aaa; Standard & Poor’s AA+ (Source: Individual independent rating agency commentary as of 8/1/17).

Financial strength, integrity and humanity—the values upon which New York Life was founded—have guided the company’s decisions and actions for over 170 years.

A Fortune 100 life insurer with retail brokerage and investment advisory subsidiaries and over 1,000 investment advisory representatives seeks an attorney to provide advice on retail investment advisory issues.

This individual will be responsible for the following:

* Advising on applicable securities and other laws and regulations relating to providing financial planning and investment advisory services to retail clients.

* Advising on issues relating to Form ADV preparation and related disclosure issues for both the firm and the investment advisory representatives.

* Identifying conflicts and working with business and compliance personnel to address them.

* Advising on legal and regulatory issues relating to hiring, supervising, compensating, and terminating advisory representatives, including investigations of alleged misconduct.

* Reviewing and evaluating proposed firm business initiatives and financial adviser outside business activities; providing guidance as necessary to ensure that all such activities are appropriately structured.

* Drafting, reviewing and providing guidance on compliance and operational procedures.

* Reviewing and drafting contracts relating to financial planning and investment advisory services.

* Reviewing account documents (e.g., trust documents, pledge agreements) and providing guidance on related issues.

* Collaborating with business, compliance and legal teams to ensure compliance with all applicable laws and regulations and corporate policies applicable to providing retail investment advisory products and services.

* Conducting training for investment advisory representatives.

Investment Advisory Counsel Requirements:

* Preferably 7 + years of experience working for the Securities and Exchange Commission and/or an investment adviser. Will consider law firm experience if the individual has significant familiarity with retail investment advisory issues.


* Excellent academic credentials.

* Excellent written and oral communication skills.

* Admission to the New York State Bar required.


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