Principal Review Specialist

Essential Duties And Responsibilities

• Approves or rejects a subset of business processes including rollovers, securities and / or insurance transactions for the broker-dealer, investment advisor and insurance agency.
• Determines whether transactions are in conformance with regulatory requirements, as well as firm and industry standards.
• Determines whether recommended securities and/or insurance transactions are suitable for, and in the best interest of, the client.
• Sets additional information and related follow-up to evidence the review process, in conformance with requirements.
• Aids with regulatory exams and requests; aids with the maintenance of the department procedure manual.
• Reviews all variable insurance products and fixed annuities including Variable and Indexed annuities, Variable Universal Life, Long Term Care Products and Immediate Annuities.
• Reviews all other securities products that appear on the respective blotters including but not limited to Stock, ETF's, Mutual Funds, UIT's, Structured Products, Bonds and Options, review of brokerage new account applications, review of margin and option account applications, review of brokerage account maintenance documents including but not limited to Power of Attorney documents, Limited Trading Authority authorizations, Corporate Resolutions and Transfer of Death designations, review of advisor email correspondence, review of and approval of mutual fund trade corrections, review of new business forms for the Registered Investment Advisor and review of 529 College Savings Plan applications.
• Reviews rollovers in accordance with Firm RegBI processes and procedures.
• Partners with the Compliance, Brokerage Operations, Technology and Sales leaders in the organization to ensure a best-in-class sales supervision program.
• Conducts informal business practice reviews to identify trends and/or irregular trading activity.

Minimum Knowledge And Skills Required

• High school diploma or equivalent required.
• Bachelor's degree in Finance, Economics or related field preferred.
• 2 years brokerage or related work experience.
• Series 7, 63, and 24 are required to be obtained as documented in the Fifth Third Securities Licensing Guidelines.
• Strongly encouraged to obtain Series 4, 53 and 66, as well as a life and health insurance license.
• Extensive knowledge of the following investment products: Annuities, Stocks, ETF's, ETN's, Mutual Funds, UIT's, Structured Products, Corporate Bonds, Government Bonds, Municipal Bonds, Brokerage CD's and Options preferred.
• Knowledge of FINRA, SEC, MSRB and State Securities rules and regulations.
• Familiarity with National Financial Services and FIS Protegent Prosurv systems preferred.