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Contract, License & Registrations Standards and Governance Consultant

At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference.

Under the direction of the CLR leadership team, the CL&R Standards & Governance is a top technical professional and consultant for field representative underwriting standards for Northwestern Mutual, Northwestern Mutual Investment Services, NMIS Advisory and the Northwestern Mutual Wealth Management Company.

Primary Duties & Accountabilities:

  • Incumbent ensures selection standards are applied consistently and accurately for all entities under the financial network and regulatory bodies to protect the firm's reputation and ensure compliance. Principle registration is required.
  • Responsible for rendering a decision on highly complex, sensitive and high-profile case referrals. Reviews and resolves requests for exceptions/appeals and represents the best interests of the Home Office on appeals. Partners with FSS VP to prepare and present casework resulting from field requests that are eligible for review by CLR appeals committee.
  • Establishes and maintains high quality communication, and consults with the Field, outside regulatory organizations, vendors, attorneys and other Home Office personnel on case decisions.
  • Responsible for the development of analysts through the referral process, individual and ongoing classroom instruction, case audits and feedback to managers regarding performance.
  • Leads and participates on inter-departmental projects to provide insurance and securities knowledge from a selection, credentialing, compliance, FINRA repository filings to ensure continuation of business and growth of corporate goals.
  • Leads all aspects of the maintenance of supervisory manuals that are mandated by the FINRA and provided to examiners to support and provide an understanding of the work process and firm policies for underwriting standards for the various financial entities.
  • With a focus on protection of the firm, distribution system and policyholders, participates in responding to FINRA internal audits and support of regulatory audits of the network offices. Supports regulatory audits as a subject matter authority and provides documents as requested by regulators.
  • Identify and lead initiatives required to improve the FR underwriting process and to ensure that the FR standards are maintained. This includes change of underwriting standards and implementation of those changes.
  • Support the Standards Governance Program for growth of exclusive distribution. This includes delivering guidance for candidate selection, strengthening the selection of qualified candidates by the field, and joint problem solving with field leaders.
  • Monitors, reports and takes corrective action to protect the firm in connection with a number of high profile regulated processes such as untimely terminations, disclosures and untimely reporting that have potential to tarnish the firm's reputation.
  • Reviews, analyzes and assesses impact on existing business processes policies of regulatory routings, FINRA notice to members, NASAA notices and department of insurance notices.

Job Requirements

  • Bachelor's Degree in Business with emphasis in finance, risk management or insurance, or substantial insurance or securities related education and experience.
  • FINRA Series 7 and 24 required.
  • Minimum of 5 to 8 years of professional, management level experience in compliance, insurance or investment ops.
  • Operational improvement experience proven success in developing and managing processing function implementation plans.
  • Proven ability to build rapport and exercise tact, diplomacy, resourcefulness and understanding in dealing with all regulatory entities, field and home office personnel.
  • Prior project management experience.
  • Demonstrated strong analytical, problem solving and decision-making skills.

Desirable experience:

  • Experience with the field and an understanding of the distribution system.
  • Experience dealing with regulatory entities including the FINRA, state securities and state insurance depts.

Benefits:

  • Competitive base pay
  • 401K
  • Pension plan
  • Educational assistance
  • Performance based incentive pay
  • Medical, dental and vision insurance
  • Parental leave
  • Caregiver time off
  • ….and more

We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.

We will offer reasonable accommodations

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This position has been classified as a Registered Representative under NMIS guidelines and requires fingerprinting.

Required Certifications:

Series 24 - FINRA, Series 7 - FINRA, SIE - FINRA

Grow your career with a best-in-class company that puts our client’s interests at the center of all we do. Get started now! 

We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.


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