Senior Supervisory Principal - Central Supervision Principal

About the role

The Supervisory Principal is responsible for completing front-line supervisory tasks on a daily basis and reporting potential sales practice concerns to the Regional Supervisory Principal. Great emphasis will be placed upon completing tasks according to the established Service Level Agreements and at a high level of quality. The Supervisory Principal may also serve as the Subject Matter Expert for certain complex products, centralized review processes, and/or business models where the SP will act as the primary supervisor for all HOS, Branch OSJ, and advisors under field OSJs.

Responsibilities

• Review of securities transactions on the electronic trade blotter for suitability and compliance with regulations and firm policy
• Review of account-level suitability alerts for brokerage and advisory accounts using LPL's electronic supervisory tool suite
• Review and approval of account documentation and correspondence
• Analysis of transaction activity and identification of potential sales practice concerns
• Collaboration with Regional Supervisory Principals and other business partners to escalate and resolve sales practice concerns
• Supervise activity within the Advisory and RIA business models
• Review of full discretion and advisory fee credits/reversals
• Supervisory oversight of MSRB securities (municipal bonds, 529 College Plans)
• Supervisory oversight of Complex Products such as annuities, alternative investments, and structured products

Requirements

• Undergraduate degree in Business, Accounting, Finance or related discipline
• 7+ years industry experience in a compliance related function
• Series 7, 9 AND 10 (OR Series 24); Series 4 AND 53 required OR must pass within 120 days of employment (for candidates with S24); Series 66 (OR S63 AND S65)

Qualifications

• Work within a team environment to identify potential sales practice concerns
• Provide consultative support to clients
• Provide awareness across all BRM departments of any investigations, escalations, or emerging risks involving advisors and OSJs
• Knowledge of mutual funds, annuities, general securities, and other financial products required
• Knowledge of FINRA, SEC, and State rules and regulations required
• Ability to work in a fast paced/high volume environment and be flexible with work schedule
• Ability to multi-task, strong attention to detail, excellent problem-solving and follow-up skills
• Excellent oral and written communication skills
• Ability to make regulatory and supervisory-based decisions
• Proactive collaboration and service-based responses with business partners on escalated issues
• Ability to develop compliance systems and strategies for effective supervision

Pay

$74,057.00 - $123,497.00