Suitability Principal

The Opportunity

As a New Business Suitability Principal you will conduct back-office review and firm-acceptance of new business submissions as well as suitability reviews for accounts focusing on Alternative Investment/Complex Product background (Private equity, private credit, hedge funds, REITS, 1031's, exchange funds, etc. In this role, as well as all roles within Mass Mutual, 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 (MMLIS) Society 1851 Wealth Management provides white glove, concierge level, operational support and service to our Top-Tier Wealth Management advisors. We review and process all of their MMLIS New Business in addition to facilitating post new account functions including Advisory Operations, Cashiering, Transfer of Assets, and Account Maintenance. Our strategy includes growing and retaining our most successful and influential advisor population across the country and supporting them with operational experience that is laser focused on the ease of doing business.

We provide tailored telephony support and partner closely with all Service and Operations areas within MMLIS including MMLIS Product, MMFA leadership, Legal, and Compliance.

• Conduct back-office review and firm-acceptance of new and existing submissions related to Brokerage, Direct and Third-Party Advisory accounts, Annuity, and Alternative Investments (Private equity, private credit, hedge funds, REITS, 1031's, exchange funds, etc.
• 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 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.
• 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.

• FINRA Series 7 & 24 required at time of application
• 2+ years MMLIS experience and/or 3+ years experience conducting suitability
• High School Diploma/GED/HiSET
• Principals working 100% remotely may be subject to on-site inspection by MML and/or regulators
• Candidates residing within 50 miles of Mass Mutual office will be expected to work a Hybrid schedule of 3 days a week in the Springfield office

• 3+ years MMLIS experience and/or 4+ years experience conducting suitability reviews within the Alternative Investment space.
• College degree preferred with a concentration in business or finance
• High aptitude for effective problem resolution
• 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

• Regular meetings with the MMLIS In-Force Operations Team
• Focused one-on-one meetings with your manager
• 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…