Registered Principal, Ameriprise Financial Advisors

Ameriprise • Minneapolis, MN

6d • $87,400 - $110,000 • Hybrid

About The Position

The Field Registered Principal (RP) is responsible for supervising the sales and suitability of the advisor’s entire book of business as outlined in the Written Supervisory Procedures (WSPs). The RP must have an in-depth understanding of each advisor's practice and staff in their Office of Supervisory Jurisdiction (OSJ).

Requirements

• Knowledge of financial services industry and B/D regulatory rules
• 3-5 years of compliance supervisory experience
• Demonstrated ability to exercise sound and impartial judgment in addressing issues with individuals s/he supervises
• Strong oral and written communication skills
• Demonstrated conflict management
• Ability to deliver difficult messages
• Demonstrated ability to influence
• Demonstrated advanced analysis and problem-solving skills
• Active Series 7
• Active Series 24
• Active State IAR registration (S65 or S66)
• Active State securities agent registration (S63 or S66)

Nice To Haves

• 3-5 years of compliance supervisory experience
• Self-motivated with the ability to achieve results in an independent environment, aptitude with technology, ability to manage multiple tasks

Responsibilities

• Provide front-line supervision to an advisor’s practice while modeling exemplary leadership behaviors.
• Proactively work with advisors to support their effort to run a compliant practice.
• Conducting and documenting ongoing 1:1 interaction
• Providing feedback and documenting observations related to the advisor’s sales activity and suitability of the advisor’s recommendations
• Inspecting registered offices under your supervision pursuant to Ameriprise Financial policy
• Administering discipline and education according to processes when appropriate
• Coaching advisors on supervisory policies and procedures
• Acting as the main resource for advisors on compliance tasks
• Validating appropriate advisor training is taking place
• Proactively detect violations of policy or procedure through:
• Responding to corporate requests to review advisor activity
• Making client calls
• Analyzing reports and other metrics
• As prescribed by the Written Supervisory Procedures, accurately and completely follow-up, review and sign-off or reject advisor activity.
• Identify and provide response to issues identified by corporate business partners.
• Working with the Centralized Supervision Unit and Compliance on escalated issues and supervision plans
• Working with Compliance on complaints
• Working with Legal on investigations
• Resolving issues identified in field office inspections
• Complying with record keeping processes, required use of certain technology tools and systems

Benefits

• We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.

What This Job Offers

• Job Type: Full-time
• Career Level: Principal
• Education Level: No Education Listed