Managing Director, Broker-Dealer Supervision
About The Position
NewEdge Securities is seeking a seasoned supervisory professional to serve as Managing Director of Broker-Dealer Supervision. This senior leader owns the design, implementation, and day-to-day management of the firm's supervisory framework across all registered representative and branch activity. The role is distinct from the compliance function and focuses on day-to-day operational supervision - ensuring the firm meets its FINRA Rule 3110 obligations and that supervisory controls are embedded in business processes firm-wide. The ideal candidate will report to one of the following offices: Pittsburgh, PA; Stamford, CT; or Fort Lauderdale, FL. However, remote candidates are encouraged to apply.
Requirements
- 10+ years of broker-dealer supervision experience in a FINRA-regulated environment
- Active Series 24 required
- Deep working knowledge of FINRA Rule 3110, 3120, 3130, and related supervisory obligations
- Hands-on experience with trade review and electronic communications surveillance platforms including email and correspondence review
- Experience supervising across multiple product types including equities, fixed income, options, alternative investments, and annuities/insurance products
- Experience with FINRA examination processes, particularly in a supervisory capacity
- Proven ability to build and manage supervisory systems and procedures in a growing or evolving firm
- Strong written communication skills; WSP drafting experience required
- Excellent interpersonal and management skills with ability to work across the spectrum of clients, business partners and regulators
- Must possess complex problem-solving skills to deal with the daily challenges that arise from supervising registered representatives that engage in multiple and different lines of business
- Ability to address issues in an efficient manner in a fast-paced environment
Nice To Haves
- Series 9/10 a plus given options and equities business lines
- familiarity with Protogent preferred
- Correspondent broker-dealer experience a plus
- Investment advisor experience a plus
Responsibilities
- Ensure alignment with Firm WSPs, current regulatory requirements and actual business practices
- Execute daily supervisory review of registered representative activity across equities, fixed income, options, alternative investments, and annuity/insurance products
- Oversee onboarding supervision of registered representatives, including review of U4/U5 filings and disclosure events
- Manage escalation of supervisory findings to senior leadership; partner with the CCO where matters have compliance or regulatory implications
- Supervise and develop the supervision team; set performance standards and manage workflow
- Oversee CAT reporting obligations and ensure accuracy and timeliness of submissions in coordination with operations
- Oversee TRACE reporting supervision for fixed income transactions, including exception review and error remediation
- Administer and leverage Smarsh for electronic communications surveillance, including email and correspondence review
- Administer and leverage Protegent for supervisory exception reporting and trade review
- Monitor FINRA Notices and rule updates with direct supervisory implications and update WSPs accordingly
- Coordinate with NFS on operational supervision matters related to the clearing relationship
- Support FINRA cycle examinations and for-cause inquiries as the subject matter expert on supervisory systems and procedures
- Maintain the firm's supervisory review logs and exception reporting infrastructure
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What This Job Offers
Job Type
Full-time
Career Level
Executive
Education Level
No Education Listed
