Lead Counsel - Broker Dealer and Investment Advisor Practice Group
Location: Boston, Massachusetts
Type: Full Time
Required Education: Doctorate
Internal Number: n/a
MassMutual Financial Advisors (“MMFA”) serves as the career agency distribution channel at MassMutual, providing a wide range of products and services, including life insurance, disability income insurance, long term care insurance and annuities, distributed through over 7000+ career agents and registered representatives. MMFA distribution also includes brokerage and advisory products and solutions sold through MML Investors Services (“MMLIS”), MassMutual’s retail broker-dealer and SEC-registered investment adviser. As Lead Counsel, you will be primarily responsible for supporting MMLIS by developing substantive relationships with multiple business areas (including product, operations, technology) and providing legal/regulatory advice on new product initiatives, new and existing rules, policies and procedures, and other matters. You will also partner closely with Compliance to provide legal support for FINRA, SEC and state regulatory examinations, inquiries, and enforcement matters. You will promote an environment that fosters and supports diversity and inclusion, values pro bono opportunities and reflects MassMutual’s mission and goals.
The Lead Counsel will be responsible for:
Providing legal support for FINRA, SEC and state regulatory examinations, inquiries, and enforcement matters, both routine and complex, partnering with the business and Compliance.
Advising on key business, product development, and operational projects and initiatives
Proactively monitoring and advising on proposed and current regulations and legislation, as well as other legal developments
Proactively identifying/recommending action steps to mitigate identified areas of legal risk
Working with outside counsel in managing larger enforcement matters brought by the firm’s regulators
Developing and maintaining relationships with multiple regulatory contacts and industry groups
Providing technical support to the Company’s government relations team on legislative and regulatory issues impacting the Company
Overseeing and participating in internal investigations, as needed
Developing and maintaining relationships across business and compliance areas
Six plus years in a top law firm, in-house law department, or regulatory agency dealing with investment adviser and broker-dealer issues
Expertise with the federal and state investment advisory/securities laws applicable to retail investment advisers, broker-dealers and wealth management services
Expertise in federal and state best interest and fiduciary rules including Regulation Best Interest and ERISA
Experience handling regulatory matters. Excellent organizational, advocacy, interpersonal, research and verbal and written communication skills
Must be results focused, hardworking, hands on and creative
Demonstrated academic achievement.
JD from an accredited law school, a member of the Bar in good standing (any state), and the ability to become licensed for in-house practice in Massachusetts if not now licensed in Massachusetts.
Ability to work in a small-team environment, as well as independently and to multi-task with minimal supervision
Must be able to pass a background check required under FINRA rules
Must be authorized to work in the US without sponsorship now or in the future.
We’ve been around since 1851. During our history, we’ve helped millions of people find financial freedom, offer financial protection, and plan for the future.
Today, we continue to develop meaningful relationships with our customers by building their trust, being knowledge problem solvers and always prioritizing their needs. MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, 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.
MassMutual was recognized as an Ethisphere 2020 World’s Most Ethical Company, a Top Place to Work in 2020 according to The Boston Globe and named among America’s Best Employers for Diversity according to Forbes 2020.
MassMutual 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
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orienta...tion/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.