Entity: Oliver Wyman division of Marsh Securities LLC (FINRA / SEC-registered broker-dealer)
Reports to: Head of Oliver Wyman Actuarial and Global Insurance & Asset Management and CEO of Marsh Securities
Location: New York preferred
Role SummaryAs Partner & Supervisory Principal, you will oversee securities activities across sidecar fundraises and M&A mandates in the life insurance transactions space. You will also lead and co-lead execution on live transactions, mentor newly licensed bankers, and partner with Marsh Securities to stand up the supervisory, compliance, and operating framework for the new division.
Key ResponsibilitiesSupervision- Serve as the General Securities Principal (Series 24) for the OW division.
- Oversee capital raising and investment banking/M&A activity in the life insurance space
- Team with the newly licensed cohort, including review and approval of engagements, pitch materials, and transaction activity.
- Establish and enforce engagement approval gates, deal and pitch review, investor solicitation controls, and suitability standards, in partnership with Marsh Securities compliance.
- Ensure compliance with general broker-dealer operations, including licensing, recordkeeping, books and records, and financial responsibility rules
- Maintain information barriers and distinction between licensed and non-licensed personnel and activity
- Ensure all activities comply with WSPs and SEC and FINRA requirements, including anti-money laundering requirements
Transaction Execution / Investment Banking- Lead and co-lead execution on Life sidecar capital raises and Life / reinsurance M&A mandates, including process design, structuring, investor engagement, and negotiation.
- Bring senior credibility and judgment to live transactions.
- Help shape offer architecture, pricing, client conflict protocols, and escalation rights for transaction-based mandates.
Launch & Build- Partner with OW Support Functions and leadership teams to stand up the OW division within Marsh Securities.
- Help define permissible activities for licensed and non-licensed personnel and the controls that govern them.
- Support a controlled, credible launch and the selection and execution of pilot mandates.
- Mentor and develop newly licensed colleagues, building durable execution capability.
Required Qualifications- Active FINRA registrations: SIE, Series 7 (General Securities Representative), Series 63, Series 79 (Investment Banking Representative), and Series 24 (General Securities Principal).
- Supervisory experience: demonstrated track record as a registered principal supervising registered representatives in a broker-dealer.
- Transaction experience: significant investment banking / transaction experience in Life insurance, reinsurance, sidecars or structured vehicles, and / or insurance M&A and capital raising.
- Strong command of the regulatory framework governing investor solicitation, transaction-based compensation, conflicts, and information barriers.
- Senior presence and judgment suitable for representing the franchise with institutional investors, insurers, reinsurers, and asset managers.
- Experience operating within a matrixed advisory or professional-services environment.
Preferred Qualifications- Experience standing up or scaling a broker-dealer function, new product area, or transaction capability from launch.
- Deep network across Life insurers, reinsurers, asset managers, and private-capital sponsors active in the Life sector.
- Familiarity with Bermuda entity formation, reinsurance structures, and structured vehicles.
The applicable base salary range for this role is $300K-450k.
The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis.
In addition to the base salary, this position may be eligible for performance-based incentives.
We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.
Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.
