Director of Risk Management

As a Barron’s Top 100 RIA firm and voted Best Places to Work by Fortune, Pacific Coast Business Times, Inc. (Best Workplaces), and Investment News, Mission Wealth is hiring a growth-minded Director of Risk Management to join our award-winning team!  If you are ready to elevate your career in a leading wealth management company with a commitment to giving back to the community and expanding nationally, let’s go!  

The Director of Risk Management primarily supports Mission Wealth’s Advisors who are incorporating personal financial risk reviews into the services they provide to clients. As an internal risk management consultant for our advisors and their clients, the Risk Management Director helps them understand the strengths and weaknesses of the product that they own and recommends better alternatives -- if appropriate.  This role involves working closely with our clients and their advisors as well as consultants from the insurance brokerage firm to assess the client’s current life, long-term care, and long-term disability insurance policies as well as any annuities that they own.  If their existing policy or contract can be improved, the Director often works as the agent to replace the product.  

Although Mission Wealth does not sell property and casualty insurance, the Director of Risk Management also conducts and publishes Property & Casualty insurance reviews for clients so they may better work with their P&C insurance agent to optimize their coverage.

The ideal candidate will have a bachelor's degree in business, at least eight years of experience as a consultant or salesperson in one or more areas of personal financial risk management (such as life insurance, annuities, or long-term care insurance), an insurance designation such as CLU, CIC, or AAI, and a general understanding of financial planning, annuities, long-term care planning, and investments.  

Mission Wealth has offered 360-degree wealth management services to affluent families since 2000.  Our dynamic planning process ensures that every piece of the puzzle is put into place as our clients’ lives unfold and their needs evolve.  This gives them the complete picture and confidence in their financial future.  

Key Skills and Requirements as Director of Risk Management:

• Excellent communication skills, both with clients and internally.
• Strong ability to educate clients and solve problems.
• Experience managing external vendors.
• Highly organized, self-motivated, and proactive self-starter.
• Minimum required license: Life/Health/Accident and Long-Term Care.  Clean compliance record.
• In-depth understanding of annuities.
• Experience building marketing and promotional programs.
• Preferred certifications: CFP, CLU.
• Experience with Salesforce.
• Minimum of 10 years of relevant work experience.

Responsibilities as Director of Risk Management:

• Build and lead the Risk Management Department, focusing on providing risk management solutions for clients.
• Manage the relationship with a third-party insurance broker to provide customized insurance solutions for clients.
• Collaborate with advisors to identify and address risk management issues to be included in client meetings.
• Educate advisors on opportunities for personal risk management reviews and strategies to provide clients with better coverage.
• Develop educational materials for both advisors and clients on personal risk management topics.
• Oversee the Risk Management Review process used by advisors.
• Collaborate with advisors, clients, and external professionals (e.g., CPAs, attorneys) to address client-specific risk management situations.
• Support the sales process for new clients in collaboration with lead advisors, when applicable.
• Serve as a resource for advisors regarding personal risk management-related questions.
• Act as an insurance agent and complete applications and account opening forms.

Job Type: Full-time, salaried non-exempt

Location: This is a hybrid role based out of of Lisle, IL office.

Salary: Total Compensation - $220,000

Please submit your cover letter and resume outlining your detailed experience of proven success within wealth management to Tina Kunze at tkunze@missionwealth.com.  Be sure to share one of your favorite volunteer projects too!  We offer a competitive salary, team-based compensation plan, defined pathways to equity partner in the firm, medical/dental/vision benefits, 401(k)/Profit Sharing, Volunteer Time Off (VTO), Family Medical Leave (FMLA), Sabbaticals, wellness benefits, and ongoing educational reimbursements.