Broker Dealer Principal

Posted Oct 22

The Opportunity

As a Broker Dealer Principal you will conduct back-office review and firm-acceptance of new and existing business and account maintenance submissions as well as suitability reviews for accounts clearing through National Financial Services (NFS). In this role, as well as all roles within MassMutual, you will demonstrate accountability, agility, a dedication to be inclusive, a strong business acumen, and will show courage, even in the most difficult situations. We also highly value strong communication skills, a passion for learning, leadership traits, resilience and self-awareness.

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.

Key Responsibilities Include:

  • Conduct back-office review and firm-acceptance of new and existing 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.
  • 3+ years MMLIS experience and / or 5+ years' experience conducting suitability reviews within the brokerage/advisory space.
  • High School Diploma/GED/HiSET
  • 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.
  • **Principals working 100% remotely may be subject to on-site inspection by MML and/or regulators.

The IDEAL Qualifications

  • 5+ years MMLIS experience and / or 8+ years' experience conducting suitability reviews within the brokerage/advisory space.
  • FINRA Series 4 and 53.
  • High degree of ownership and sense of urgency.
  • College degree preferred with a concentration in business or finance.
  • Passion for embracing business process improvement opportunities.
  • High aptitude for effective problem resolution.
  • Must be able to think independently and tactfully challenge the opinions of others.

Salary Range:

  • $65,000-$80,000 **Commensurate with experience and FINRA licenses



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.