This position is responsible for Financial Planning Service’s broker/dealer activities with regard to the regulatory compliance program to include facilitating and overseeing the operational and compliance requirements of Financial Planning Services; providing proactive advice, support and training in implementing changes to maintain compliance and mitigate the associated risk; all within guidelines according to the rules and regulations as set forth by the FINRA and the SEC. The position also provides supervision to the Sales Assistants in their day to day activities.
Reviews, analyzes, interprets, and maintains a working knowledge of existing and pending legislation and rules that affect or may potentially affect the broker/dealer and/or its members in accordance with FINRA and SEC Rules and Regulations; advises management of any actions required.
Provides a staff of capable Sales Assistants and directs their day to day broker dealer activities by establishing goals and evaluating progress; responsible for evaluation, compensation, and performance management of these individuals.
Serves as a liaison between the broker/dealer and corresponding clearing and servicing firms.
Responsible for communication to the Financial Planning Service’s team on any topics involving operational or compliance issues to ensure compliance plus coordinates firm and regulatory continuing education requirements.
Oversees and supervises annual audits of the broker/dealer.
Coordinates and adopts selling agreements and broker appointments with mutual fund, fixed and variable annuity companies.
Acts as the broker/dealer Administrator for Web CRD.
Coordinates state registration and advisor appointments through Web CRD.
Reviews all new account files for suitability and ensure they are in compliance with appropriate rules and regulations.
Promotes honest and open communication throughout Financial Planning Services.
Demonstrates behaviors that are consistent with the broker/dealer’s values, philosophies, and leadership characteristics.
Work with all employees to ensure the workflow or process is providing the best possible service.
Perform other duties as assigned.
KNOWLEDGE, SKILLS AND ABILITIES:
Requires strong working knowledge of laws and regulations as established by FINRA and the SEC pertaining to investment firms and knowledge of investment operations and procedures.
Self-starter with the ability to define clear objectives relating to compliance related challenges, collect appropriate information, develop action plans resulting in workable solutions.
Ability to apply principles of logical thinking to define problems, collect data, establish facts and draw valid conclusions; must be able to deal with abstract and concrete variables.
Ability to speak effectively to groups of staff and members, as needed.
Excellent analytical abilities with good business judgment are essential.
Excellent interpersonal skills to include oral and written communications.
Ability to handle confidential matters in a professional manner.
Knowledge of spreadsheet and word processing software.
Demonstrate flexibility and the ability to work as a member of a team.
Ability to resolve interpersonal conflict and miscommunications.
Ability to interact with all levels of management.
Must be able to be bonded.
In this position, individual will be expected to lift up to 20 pounds from time to time. Also, must be able to stoop, bend, reach or stand and use a computer for extended periods of time
This position is expected to work in general office environment and may be required to travel to local and remote branch locations.
Bachelor’s degree preferably in business administration or related field. Must possess at least five years of compliance or regulatory experience working in or with a brokerage firm in a management position. FINRA series 7, 24, 53 and 63 licenses required.
CommunityAmerica Credit Union - 19 months ago
CommunityAmerica is the parent organization to the financial institutions known as TWA Credit Union and Yellow Financial Credit Union. It...