The posting
Company:
Oliver Wyman
Description:
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, this position can also work from our Chicago or Boston offices.
About the Opportunity
Oliver Wyman (OW) is establishing a broker-dealer capability as a division of Marsh Securities to extend its leading Life insurance and asset-management advisory franchise into transaction-based activities. The initial focus is directly tied to work the firm already performs: Life sidecar capital raising and selected Life M&A advisory mandates, in a market defined by the convergence of insurance balance sheets and private capital, the expanded use of sidecars and reinsurance vehicles, and continued insurer / asset-manager M&A.
This is a foundational hire that will anchor a credible launch. We are seeking a life insurance transactions leader who can serve as the firm’s registered supervisory principal while also acting as a banker on live mandates - bringing the transaction pedigree, regulatory discipline, and supervisory experience needed to build the capability from day one.
Role Summary
As 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 Responsibilities
Supervision
- 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.
- undefined
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.
About Oliver Wyman
Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 6,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh [NYSE: MRSH]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.
Marsh and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.
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.
Oliver Wyman is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow us on LinkedIn and X.
The Actuarial Practice of Oliver Wyman, a Marsh business, advises clients across a broad spectrum of risk management issues. We are a rapidly growing group with offices expanding across the globe. Our actuaries hold the highest professional qualifications and are nationally recognized as experts in their field(s). We use mathematical and statistical modeling skills and our qualitative assessment methodologies to assist clients in evaluating and addressing risk. Our solutions help clients manage and prepare for the potential financial consequences of uncertain future events. We bring a combination of broad-based expertise with specialized knowledge of specific risks, allowing us to provide independent, objective advice in the three primary areas of risk: healthcare, life and annuity, and property and casualty.
Marsh is committed to providing an inclusive work environment. We aim to attract and retain the best, most qualified people and value colleagues of all backgrounds, without regard to age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you require an accommodation during the application or interview process, please let us know by contacting [email protected]
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.
