Centralized Supervision Specialist

About the role

Supervises investment and insurance business and activity, in a collaborative team environment, to ensure compliance with firm policies and industry regulations. Partners with Northwestern Mutual field force daily to help them grow their business the right way.

Responsibilities

• Perform review and supervision of securities correspondence, flagged email and social media correspondence between financial representatives and their clients.
• Approve correspondence in accordance with regulatory requirements, as well as firm policies and procedures.
• Escalate higher risk flagged correspondence to the appropriate field supervisor for resolution.
• Perform transaction supervision using compliance monitoring systems (e.g. the Securities Monitoring and Review Tool (SMART)).
• Work closely with a small number of small to mid-sized Network Offices and their accompanying supervisory teams to ensure appropriate monitoring and supervision is conducted in accordance with regulatory requirements, as well as firm policies and procedures.
• Play a consultative and advisory role to the field supervisors to review and discuss opportunities for workflow improvement, training, and/or documentation within their network office.
• Perform suitability review and ultimate approval of newly submitted brokerage and advisory accounts.
• With supervision team, provide feedback and information on the observed trends found by the Supervision Support Team.
• Information provided outlines areas of concerns associated with the timeliness and/or documentation of supervisory reviews that have been unaddressed and require action to minimize business risk and ensure regulatory compliance.
• For the assigned supervision and surveillance systems, provide support to the subject matter expert of the respective system (e.g. provide feedback and support with system enhancements to help with implementation).
• Participate in the discussions related to the creation, testing and implementation of annual system enhancements.
• At the direction of the subject matter expert, provide value by assisting in the completion of miscellaneous basic projects required to improve the overall effectiveness of the system.
• Participate as a resource on basic divisional project teams.

Requirements

• Bachelor's Degree in business, finance or related field and/or equivalent work experience.
• 2 years of experience in a professional level position in insurance or financial services industries required.
• 2 years of professional level experience in core product lines (some combination of life insurance, DI, and LTC), mutual fund, and/or general security related experience.
• FINRA SIE, Series 7 and 24 licenses must be acquired within 6 months.

Qualifications

• Strong analytical, as well as strong written and oral communication skills needed.
• Strong foundation on NMIS policy and procedure and regulations is needed.
• Ability to work with all levels of management within the field and home office.
• Demonstrated ability to handle multiple issues to resolution in a timely manner while maintaining good relationships with internal and field clients.
• Ability to understand both business and compliance issues and effectively communicate with both compliances and field sales associates.

Skills

• Strong analytical, as well as strong written and oral communication skills.
• Strong foundation on NMIS policy and procedure and regulations.
• Ability to work with all levels of management within the field and home office.
• Demonstrated ability to handle multiple issues to resolution in a timely manner while maintaining good relationships with internal and field clients.
• Ability to understand both business and compliance issues and effectively communicate with both compliances and field sales associates.

Benefits

• Great pay package
• 401K, company sponsored retirement plan
• Educational assistance
• Performance based incentive pay
• Medical, dental and vision insurance
• Parenthood leave
• Caregiver time off

Pay

• Compensation Range Pay Range - Start: $60,880.00 Pay Range - End $91,320.00
• Structure 110: $66,960.00 USD - $100,440.00 USD
• Geographic Specific Pay Structure: $70,000.00 USD - $105,000.00 USD

Schedule

• The standard pay structure is listed but if you’re living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.