Corporate Vice President - Compliance Officer

Location Designation: Hybrid - 1 day per week 

Role Overview:

This is a significant officer-level opportunity within New York Life’s Compliance department. The AML Compliance Officer will serve as a key member of the AML leadership team — supporting the Enterprise AML Compliance Officer across program strategy, policy, sanctions compliance, transaction monitoring, training, and regulatory readiness, while taking meaningful ownership of key program components. This role is well-suited to a senior compliance professional ready to contribute immediately, work closely with program leadership, and help build a modern, risk-based AML program at New York Life.

Who We Are:

The Compliance department at New York Life serves as a strategic second-line-of-defense partner to the businesses it covers. The AML function supports a diverse portfolio of businesses, including life and annuity products, retail broker-dealer and investment advisory services through NYLIFE Securities and Eagle Strategies, mutual funds and distributor relationships, and oversight of affiliated U.S. and international asset management businesses. We are a collaborative team of senior practitioners who engage daily with substantive regulatory and program questions, partnering closely with business units, Technology, Legal, Internal Audit, and external assessors, and are actively exploring the use of AI to strengthen our monitoring and reporting capabilities.

What You’ll Do:

AML Program Support & Advancement

• Provide close operational and substantive support to the Enterprise AML Compliance Officer, serving as a key resource across day-to-day program execution, strategic initiatives, workflow management, and team coordination; mentor AML analysts and contribute to team development.

• Monitor and interpret developments involving BSA, USA PATRIOT Act, FinCEN, OFAC, SEC, FINRA, state insurance regulations, and other applicable financial crime frameworks; assess implications and recommend program adjustments.

• Support coordination and alignment of AML practices across NYL’s business lines, including wealth management and investments, and contribute to program advancement through thoughtful application of technology, AI, and process improvements.

Escalation Review & Case Oversight

• Serve as the first-level escalation point for complex, sensitive, or novel cases — including unusual transaction patterns, potential SAR situations, OFAC hits, and EDD triggers — applying sound judgment and documenting decisions clearly and defensibly.

• Support final SAR review and filing decisions in coordination with the Enterprise AML Compliance Officer; identify themes across escalated cases that may signal broader program or monitoring gaps.

Sanctions, Transaction Monitoring & Alert Program

• Oversee enterprise sanctions compliance, including OFAC screening, sanctions investigations, blocked or rejected transaction reviews, and sanctions risk assessments; monitor emerging sanctions regulatory developments and advise business partners

• Support oversight of the transaction monitoring and alert program, including alert performance review, threshold tuning, and collaboration with data partners on alert refinement; evaluate proposed monitoring enhancements based on enterprise risk, customer behavior, and emerging financial crime threats.

• Help maintain appropriate SLAs for alert review and case management, escalating capacity or quality concerns as needed.

Training Program Ownership

• Own the design, development, and delivery of the enterprise AML training program, including foundational training for all covered employees, advanced typology-based training for analysts incorporating enforcement actions and emerging trends, and business-specific training for wealth management and investments.

• Build and maintain a training calendar, track completion, maintain examination-ready records, and periodically assess and update training effectiveness.

Policy, Risk Assessment & Metrics

• Support the Enterprise AML Compliance Officer in maintaining current, well-organized AML policies and procedures; contribute to the ongoing strengthening of the enterprise and business-specific AML risk assessments; ensure consistent application of documentation standards across the program.

• Support development and maintenance of AML program metrics and internal reporting — including alert volume, case aging, SAR timeliness, and training completion — for presentation to senior management.

Regulatory Readiness & Cross-Functional Relationships

• Lead preparation for and execution of the annual independent assessment, including data gathering, coordination of subject matter expert availability, and management response drafting; maintain program readiness to respond to regulatory inquiries and internal audit requests at any time.

• Build and maintain effective working relationships, including with Legal, Internal Audit, business CCOs, and other compliance functions to ensure coordinated and well-documented program execution.

VAFA

• Support the ongoing development and execution of the Vulnerable Adult Financial Abuse (VAFA) program, including training for business stakeholders, workflow documentation, and case tracking and reporting.

What You’ll Bring:

Required

• 8+ years of progressive AML, BSA, OFAC, sanctions, or financial crimes compliance experience within banking, insurance, broker-dealer, investment adviser, or diversified financial services organizations.

• Strong working knowledge of BSA/AML regulatory requirements, including FinCEN rules, OFAC regulations, USA PATRIOT Act Sections 314(a) and 314(b), and SAR filing obligations.

• Demonstrated experience reviewing and making defensible decisions on complex or escalated AML cases; experience performing enterprise AML/BSA risk assessments and translating findings into control enhancements.

• Experience developing and delivering compliance training, including typology-based curriculum; strong written and verbal communication skills, including presenting to senior management and external assessors.

• Ability to manage competing priorities independently, work across functions (technology, data, legal, business compliance), and operate with sound judgment and a strong commitment to program quality.

• Strong written and verbal communication skills, including the ability to present clearly and credibly to senior management, business partners, and external assessors.

• Bachelor’s degree.

Preferred

• Prior supervisory or people management experience; CAMS certification or equivalent credential.

• Experience supporting life insurance, annuities, broker-dealer, investment adviser, mutual fund, or wealth management businesses.

• Familiarity with VAFA programs, elder financial exploitation frameworks, transaction monitoring systems, or AML technology implementations.

• Advanced degree is a plus.

#LI-VL1
#LI-HYBRID  

Pay Transparency

Salary Range: $135,000-$160,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.​

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

​Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.

Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.

Job Requisition ID: 94399