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Suitability Principal



Springfield, MA, USA
Posted on Saturday, January 27, 2024

Suitability Principal

Springfield, Massachusetts Investment Management Job ID R15075

The Team

The MML Investors Services, LLC New Business Team is comprised of highly skilled, financial services professionals who render collaborative compliance solutions to our Financial Advisors. Team members demonstrate high levels of competence in the areas of resilience, accountability, agility, and are focused on continuous improvement and development. The team culture is collaborative, cross-functional, and fosters high performance results with an emphasis on encouraging a healthy work/life balance. We seek to provide best-in-class service to sophisticated Advisors as they provide their clients with a holistic suite of wealth management products and solutions.

The Impact

As a Suitability Principal you will effectively communicate with registered representatives, agency personnel, and internal business partners such as Compliance, Field Inspection, and Regional Supervisory Directors and provide guidance on suitability concerns and guidelines.

Key Responsibilities Include:

  • Conduct back-office review and firm-acceptance of new business submissions related to Brokerage, Direct and Third-Party Advisory accounts.

  • 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 Inforce 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.

  • Implementation and management of operational and supervisory procedures for the firm.

  • 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.

The Minimum Qualifications

  • FINRA Series 7 & 24 required at time of application

  • 2+ years financial services experience

  • High School Diploma or equivalent

The Ideal Qualifications

  • 2+ years MMLIS experience OR 2+ years' experience conducting suitability reviews within the brokerage/advisory space

  • Ability to work in a fast paced, ever changing environment

  • High degree of ownership and sense of urgency

  • 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

  • Passion for embracing business process improvement opportunities

  • Must be able to think independently and tactfully challenge the opinions of others

What to Expect as Part of MassMutual and the Team

  • Regular meetings with the MMLIS New Business Central Region Team

  • Focused one-on-one meetings with your manager

  • Access to mentorship opportunities

  • 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 strong and stable ethical business with industry leading pay and benefits


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.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment.

Salary Range: $69,000.00-$90,500.00 Apply