Sr Designated Principal
LPL Financial Services - Remote

This job posting is no longer available on LPL Financial Services. Find similar jobs: Senior Designated Principal jobs - LPL Financial Services jobs

Our Sr. Designated Principal will be responsible for supervising OSJ Branch Managers. This position will be responsible for ensuring that the assigned OSJ’s are meeting the standards and requirements of supervision set forth by regulatory agencies and the Firm. As a Senior Designated Principal this position will assist with escalations and serve as a resource and mentor to fellow staff members.

Essential Functions :

1. Performing daily and periodic supervision of trading activity by reviewing transactions on a trade blotter, review and approval of variable annuities, mutual funds, and securities transactions for suitability and documentation. Daily review and approval of email and client correspondence. Conducting business practice reviews and leading investigations of questionable sales activity. Researching and responding to regulatory inquiries and examinations.

2. Serve as a liaison/mentor between the Designated Principals and Management by providing assistance on daily tasks and concerns, and determining when management escalation is needed. Provide training as needed.

3. Serve on various committees and projects as determined by IAS Supervision Management.

Other Job Duties :

1. Represent the IAS Supervision Department as an integral and primary resource for Senior Management, peers and advisors.

2. Act as key contact for internal departments, such as Operations, Service Center, Legal and various departments across Governance, Risk, and Compliance (GRC).

3. Some travel may be required to conduct branch office visits and attend regulatory and Firm conferences as needed.

4. Assist with regulatory exams and requests as well as assist with the maintenance of the department’s written supervisory procedures.

Our Sr. Designated Principal will be responsible for supervising OSJ Branch Managers. This position will be responsible for ensuring that the assigned OSJ’s are meeting the standards and requirements of supervision set forth by regulatory agencies and the Firm. As a Senior Designated Principal this position will assist with escalations and serve as a resource and mentor to fellow staff members.

Essential Functions :

1. Performing daily and periodic supervision of trading activity by reviewing transactions on a trade blotter, review and approval of variable annuities, mutual funds, and securities transactions for suitability and documentation. Daily review and approval of email and client correspondence. Conducting business practice reviews and leading investigations of questionable sales activity. Researching and responding to regulatory inquiries and examinations.

2. Serve as a liaison/mentor between the Designated Principals and Management by providing assistance on daily tasks and concerns, and determining when management escalation is needed. Provide training as needed.

3. Serve on various committees and projects as determined by IAS Supervision Management.

Other Job Duties :

1. Represent the IAS Supervision Department as an integral and primary resource for Senior Management, peers and advisors.

2. Act as key contact for internal departments, such as Operations, Service Center, Legal and various departments across Governance, Risk, and Compliance (GRC).

3. Some travel may be required to conduct branch office visits and attend regulatory and Firm conferences as needed.

4. Assist with regulatory exams and requests as well as assist with the maintenance of the department’s written supervisory procedures.

QUALIFICATIONS
  • Undergraduate degree in Business, Accounting, Finance, or related discipline.
  • 3+ years compliance experience and 5+ years industry experience
  • Series 7, 66 (or 63 and 65), 24 (or 9 and 10), 53 required
  • Series 4 a plus
  • Life and Health Insurance License a plus
  • All Microsoft applications, particularly, Excel, Word, Access, PowerPoint, and Visio, familiarity with BETA a plus
  • 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 are essential for this position
  • Proven successful experience participating and/or leading special projects and or initiatives
  • Excellent oral and written communication skills
  • Ability to make regulatory and supervisory-based decisions will be necessary to complete the day-to-day functions of the role and for staff support in their role as Designated Principal
  • Strong mentoring skills
  • Proactive collaboration and service-based responses with business partners on escalated issues and concerns is essential
  • Excellent management, and human relations skills
  • Ability to develop compliance systems and strategies for effective supervision
  • Knowledge of mutual funds, annuities, general securities, and other financial products required
  • Knowledge of FINRA, SEC, MSRB, and State rules and regulations
We offer a competitive salary and benefits package. Please login or create an account to apply to this position. Principals only. EOE

LPL Financial Services - 17 months ago - save job
About this company
17 reviews