Lead Counsel - Broker-Dealer and Investment Advisor Practice

  • MassMutual
  • Boston MA, Springfield MA
  • Sep 07, 2021
Full time Insurance Legal

Job Description

Boston, MA; Springfield, MA Legal R9784


The Opportunity

As a member of MassMutual’s Law Department, you will be responsible for providing legal advice and counsel supporting the needs of MassMutual’s broker-dealers.  You will be an integral part of MassMutual’s distribution law team, which supports 3 broker-dealers and partners with compliance, finance, procurement, information technology and the business to provide practical, results-oriented legal advice.


The Team

MassMutual Financial Advisors (“MMFA”) serves as the career agency distribution channel at MassMutual, providing a wide range of products and services, including life insurance, disability income insurance, long term care insurance and annuities, distributed through over 7000+ career agents and registered representatives. MMFA distribution also includes brokerage and advisory products and solutions sold through MML Investors Services (“MMLIS”), MassMutual’s retail broker-dealer and SEC-registered investment adviser.  As Lead Counsel, you will be primarily responsible for supporting MMLIS by developing substantive relationships with multiple business areas (including product, operations, technology) and providing legal/regulatory advice on new product initiatives, new and existing rules, policies and procedures, and other matters.  You will also partner closely with Compliance to provide legal support for FINRA, SEC and state regulatory examinations, inquiries, and enforcement matters.  You will promote an environment that fosters and supports diversity and inclusion, values pro bono opportunities and reflects MassMutual’s mission and goals.


 The Impact

The Lead Counsel will be responsible for:

Providing legal support for FINRA, SEC and state regulatory examinations, inquiries, and enforcement matters, both routine and complex, partnering with the business and Compliance.

Advising on key business, product development, and operational projects and initiatives

Proactively monitoring and advising on proposed and current regulations and legislation, as well as other legal developments

Proactively identifying/recommending action steps to mitigate identified areas of legal risk

Working with outside counsel in managing larger enforcement matters brought by the firm’s regulators

Developing and maintaining relationships with multiple regulatory contacts and industry groups

Providing technical support to the Company’s government relations team on legislative and regulatory issues impacting the Company

Overseeing and participating in internal investigations, as needed

Developing and maintaining relationships across business and compliance areas



JD from an accredited law school, a member of the Bar in good standing (any state), and the ability to become licensed for in-house practice in Massachusetts if not now licensed in Massachusetts.

Demonstrated academic achievement.

Eight plus years in a top law firm, in-house law department, or regulatory agency dealing with broker-dealer and/or investment adviser issues

Ability to work in a small-team environment, as well as independently and to multi-task with minimal supervision

Expertise with the federal and state investment advisory/securities laws, as well as FINRA rules

Experience handling high-impact regulatory matters

Excellent organizational, advocacy, interpersonal, research and verbal and written communication skills

Must be results focused, hardworking, hands on and creative

Must be authorized to work in the US without sponsorship now or in the future.



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.