Suitability Principal (Remote)

About the role

MassMutual is hiring a Suitability Principal to work remotely in the US. The role covers back-office suitability reviews and firm acceptance of accounts clearing through National Financial Services (NFS), including the review and acceptance of money movements, transfers and account maintenance transactions. It sits within the MML Investors Services (MMLIS) Cashiering department, which processes brokerage and advisory transfers and advises field reps on money movement requirements.

Key responsibilities

• Review and accept Broker Dealer submissions, including corporate RIA, brokerage, options, 529 plans, money movement, transfers and account maintenance
• Handle death and divorce transfers, federal wire disbursements, international money movement, restriction removals and collateral releases
• Review and approve daily transactions for accuracy and alignment with client instructions and internal policies
• Determine root causes of issues and resolve them independently, including occasional policy exception reviews
• Manage operational and supervisory procedures for the firm
• Communicate with registered representatives, agency personnel and internal partners such as Compliance, Field Inspection and Regional Supervisory Directors
• Report trends and risk mitigation measures to management and engage with Legal, Compliance, Anti-Money Laundering, Risk and Margin teams
• Be prepared to step into another department's Business Acceptance Consultant role

Required profile

• FINRA Series 7 at time of application; Series 24 must be obtained within 90 days of hire
• Minimum 2 years of MMLIS experience or 3 years with brokerage/advisory transfer of assets or money movement transactions
• High school diploma, GED or HiSET
• Ideal: Series 7 and 24 at application, 3+ years of MMLIS experience or 5+ years of suitability reviews, college degree preferred in business or finance
• Candidates living within 50 miles of the MassMutual Springfield office work a hybrid schedule of 3 days a week in the office; 100% remote principals may be subject to on-site inspection

Required skills

• Knowledge of securities such as options trading, municipal securities, mutual fund classifications and margin regulations
• Understanding of retirement products, IRS regulations and banking workflows (clearing house, pre-note, federal wire, intermediary banking)
• Ideal: working knowledge of ICP, A360, Case Manager, Wealthscape, GIACT, Accurint/LexusNexus, FBSI and Envestnet's ENV2