Role Description:
This is a full-time hybrid position for a Supervisory Principal based in Fort Lauderdale, FL, with partial remote work flexibility. The Supervisory Principal will be responsible for performing supervisory and compliance reviews of new account activity and related transactions to ensure adherence to applicable regulatory requirements, firm policies, supervisory procedures, and industry standards. The role will oversee the review and approval of new account documentation, account types, investment products, and transactions submitted by registered representatives and investment advisory professionals. This includes evaluating documentation for completeness and accuracy, reviewing product and transaction suitability, identifying potential compliance concerns, and ensuring appropriate supervisory controls are followed throughout the account-opening process. The Supervisory Principal will work closely with financial professionals and internal departments to address questions, resolve exceptions, and obtain additional information when necessary. The position requires a strong understanding of FINRA and SEC rules, broker-dealer and RIA supervisory requirements, and the regulatory considerations associated with various investment products and account types.
Key Responsibilities:
Perform supervisory reviews of new account applications, account documentation, and related investment activity to ensure compliance with firm policies, supervisory procedures, and applicable regulatory requirements.
Review and approve new accounts and transactions involving a range of investment products and account types, including annuities, 529 plans, mutual funds, advisory accounts, commission-based products, managed accounts, alternative investments, and other securities and investment products.
Evaluate account and transaction documentation for completeness, accuracy, suitability, and adherence to applicable regulatory and firm requirements.
Conduct supervisory reviews of registered representatives' and investment advisors' activities in accordance with FINRA, SEC, and other applicable regulatory requirements.
Identify and escalate potential regulatory, suitability, documentation, or compliance concerns to senior compliance and supervisory leadership.
Review exceptions and resolve deficiencies, including identifying missing or incomplete documentation and working with financial professionals to obtain required information.
Apply knowledge of applicable rules and regulations to assess account types, investment products, and transactions during the new account review process.
Support the implementation, maintenance, and enhancement of supervisory procedures, compliance controls, and review processes.
Maintain thorough and accurate supervisory documentation and records related to account reviews, approvals, exceptions, and escalations.
Collaborate with Compliance, Operations, Legal, and other internal teams to address complex account and product-related issues.
Assist with regulatory inquiries, examinations, audits, and internal compliance reviews as needed.
Monitor trends and recurring issues identified through supervisory reviews and recommend enhancements to policies, procedures, and controls.
Participate in compliance initiatives, supervisory projects, and ad hoc reviews as assigned.
Maintain current knowledge of FINRA and SEC rules, regulatory developments, product requirements, and industry practices relevant to the new account and supervisory review process.
Qualifications:
Active FINRA Series 24 required.
Bachelor's degree in a related field preferred.3-6 years of experience in broker-dealer compliance, new account supervision, regulatory supervision, or a related supervisory role.
Strong working knowledge of FINRA and SEC rules and regulations, as well as broker-dealer and RIA supervisory requirements.
Experience reviewing new account documentation and investment products, with knowledge of products such as annuities, 529 plans, mutual funds, advisory accounts, commission-based products, and managed accounts.
Understanding of suitability, supervisory review, account documentation, and regulatory requirements applicable to investment products and transactions.
Strong attention to detail and ability to identify potential compliance and regulatory concerns.
Ability to work independently while collaborating effectively with financial professionals and internal teams.
Benefits:- Competitive Salary
- Additional licenses are also supported and paid for by the companyPTOHealthcare, Vision, and Dental Insurance
- Short-Term Disability
