Annuities and Insurance Central Review Unit AVP
| Company | Morgan Stanley |
|---|---|
| Location | South Jordan, UT, USA, New York, NY, USA |
| Salary | $85000 – $135000 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior, Expert or higher |
Requirements
- Prior Risk, Compliance, Audit or Sales experience in Annuities and Life Insurance and/or branch supervision
- Proficient understanding of areas of regulatory focus and business goals
- Strong organizational, planning and time management skills to triage competing priorities in a fast paced and dynamic environment
- Excellent interpersonal, communicative and persuasion skills
- Active FINRA & State Licenses: Series 7, 63 and Life & Health Insurance License required
- An undergraduate degree
Responsibilities
- Performing product and know your client (KYC) appropriateness reviews of all proposed annuities and life insurance new business transactions, replacement transactions, and required documentation
- Verify policy information for replacement transactions by calling the insurance carrier(s) for relinquishing contract(s) and ensuring ticket accuracy and completeness
- Review insurance transactions for appropriateness and compliance with NYS Reg 60 and 187 and Private Placement transactions
- Communicate regularly with FAs and branch, and collaborate with Complex Risk Officers (CROs) and Insurance Solution Directors (ISDs) as needed to review any requests requiring enhanced due diligence or alternative solutions
Preferred Qualifications
- Series 9/10 (or 24) preferred or willingness to obtain within 60 days of hire