Corporate Vice President -Institutional Retirement Income Solutions Lead
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Job Location:
Jersey City - USA
Monthly Salary:
$ 175500 - 200000
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Location Designation:Hybrid - 3 days per week
Corporate Vice President Institutional Retirement Income Solutions Lead (Pension Risk Transfer & Defined Contribution Retirement Income)
Position Summary:
The Corporate Vice President will lead the strategic direction and cross-functional leadership of New York Lifes Institutional Retirement Income Solutions business. This includes accountability for the Pension Risk Transfer (PRT) and Defined Contribution (DC) Retirement Income lines. The role is responsible for developing and executing business strategy leading a high-performing team managing financial performance and serving as the primary point of influence for consultants fiduciaries and executive leadership.
This individual will serve as the business lead for institutional retirement income innovation and will drive growth and market leadership.
Key Responsibilities:
Strategic Leadership & Execution
Set and execute long-term strategy for the Institutional Retirement Income Solutions business (PRT & DC Retirement Income).
Drive product innovation and business model transformation to respond to evolving market demands regulatory changes and client needs.
People & Organizational Leadership
Influence multiple functional teams (pricing underwriting sales marketing compliance operations) through direct and matrixed reports to optimize growth and performance of the business.
Develop and mentor high-performing talent to build future leaders.
Foster a culture of accountability innovation and inclusion across all teams.
Business & Financial Ownership
Own business performance outcomes including P&L accountability operating metrics and growth targets.
Oversee pricing strategy competitive positioning and performance measurement.
Strategically develop and manage external partnerships.
Market & Regulatory Influence
Serve as New York Lifes representative to key industry bodies consultants and fiduciaries.
Positively influence decision makers and fiduciaries via effective positioning of New York Lifes value proposition.
Anticipate regulatory developments and proactively shape product and market strategy accordingly.
Enterprise Collaboration
Partner with leaders across Legal Compliance Investments Operations and Finance to ensure operational alignment and risk mitigation.
Influence enterprise-wide priorities and represent the Institutional Retirement Income Solutions business in senior-level forums.
Qualifications:
Bachelors degree required; MBA or advanced degree preferred.
12 years of relevant experience with increasing leadership responsibilities in the retirement insurance or investment sectors.
Life and Health license in all 50 states or willingness to acquire.
Proven experience influencing multiple team(s) and contributing to enterprise strategy (managing experience preferred)
Deep expertise in defined benefit/defined contribution pension plans PRT and/or institutional retirement income solutions.
Demonstrated ability to drive transformation and scale business operations.
Strong regulatory acumen and external presence in the retirement income or financial services industry.
Excellent communication leadership and negotiation skills.
Pay Transparency
Salary Range:$175500-$200000
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 individuals experience skills qualifications and job location. Additionally employees are eligible for an annual discretionary addition to base salary employees may also be eligible to participate in an incentive program.
Company Overview
At New York Life our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology- data- and AI-enabled organization we remain grounded in the values that drive lasting impact.
Our diverse business portfolio creates opportunities to make a difference across industries and communitiesinviting bold thinking collaborative problem-solving and purpose-driven innovation. Here youll find the rare balance of long-standing stability and forward momentum supported by an inclusive team that honors tradition while embracing progress.
As a Fortune 100 mutual company we offer a place to grow your skills contribute to meaningful work and deliver solutions that matter. Your ideas drive whats next and your growth powers it.
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 Lifes leadership in this space.
Recognized as one of Fortunes Worlds Most Admired Companies New York Life is committed to improving local communities through a culture of employee giving and volunteerism supported by the 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 .
Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.
Job Requisition ID: 92467
Required Experience:
Chief
Key Skills
- Change Management
- Financial Services
- Growing Experience
- Managed Care
- Management Experience
- Analysis Skills
- Senior Leadership
- Performance Management
- Process Management
- Leadership Experience
- negotiation
- Analytics
About Company
Protect and build your future with comprehensive one-on-one guidance from New York Life. Learn about our life insurance and financial product offerings.
