Supervising Principal

Lincoln Investment•Fort Washington, PA

12d

About The Position

The Supervising Principal serves as the Designated Supervisor for Financial Professionals in an assigned area and supervises their sales activities. The role also communicates regularly with Financial Professionals about compliance regulations and serves as a resource for compliance questions and issues. The position involves reviewing business and communications, investigating transactions, conducting supervisory visits, and supporting compliance programs and related projects. The role requires three to five years of securities-industry experience, preferably in compliance or supervision; working knowledge of relevant FINRA, SEC, MSRB, and ERISA rules; and a thorough understanding of securities, insurance, and investment advisory products. A bachelor's degree in a related field, or an equivalent combination of education and experience, is required. Series 7, 24, 53, and 66 licenses (or Series 63 and 65 equivalents) are required. New employees may have up to 90 days to meet requirements under FINRA regulations. Lincoln Investment is a majority family-owned financial services firm with about 1,000 financial professionals nationwide and more than 310,000 clients. Its Home Office is in Fort Washington, Pennsylvania. The company describes its compensation and benefits package as competitive and is an equal opportunity employer.

Requirements

Three to five years of securities-industry experience, preferably in compliance and/or supervision.
Working knowledge of FINRA, SEC, MSRB, and ERISA rules and regulations as they apply to broker-dealers and registered investment advisors.
Thorough understanding of securities products, insurance products (including variable annuities, equity indexed annuities, and fixed annuities), and investment advisory programs.
Bachelor's degree in a related field or an equivalent combination of education and/or experience.
Series 7, Series 24, Series 53, and Series 66 licenses, or equivalent Series 63 and Series 65 licenses.
Ability to gather, analyze, and present data appropriately and maintain accurate, organized records and documentation.
Ability to assess situations, make decisions, identify business risks, and bring relevant matters to a supervisor's attention.
Ability to work independently.
Excellent oral and written communication skills.
Organizational and time-management skills, including managing multiple priorities.
Ability to act diplomatically and professionally and provide helpful, high-quality service to Designated Supervisors, Financial Professionals, and coworkers.
Ability to offer creative solutions, manage projects, and maintain exceptional attention to detail.

Nice To Haves

Series 9/10 licenses are preferable.
Series 4 license is helpful but not required.

Responsibilities

Supervise sales activities of Financial Professionals in an assigned territory, including reviewing new business, correspondence, and email.
Review exception reports and other reports for suitability.
Investigate questionable transactions and take corrective action, which may require contacting Financial Professionals or investors.
Answer compliance questions from Financial Professionals and their office staff.
Participate in pre-audit briefings with Branch Examinations.
Conduct Designated Supervisor visits to Financial Professionals' business locations nationwide, including completing checklists and reviewing office and client files for business or correspondence not submitted through or approved by the broker-dealer.
Work with the Vice President of Supervision to identify, supervise, monitor, and document Financial Professionals requiring Special Supervision; develop identification and monitoring criteria and help create and carry out customized programs.
Assist the Compliance Department with identifying and investigating investor complaints and preparing or coordinating written responses within 30 days of receipt, including analyzing complaints and alleged account losses and interviewing Branch Managers and Financial Professionals.
Assist in preparing training materials and presenting at compliance training meetings as needed.
Contribute to updates of procedural manuals or written supervisory procedures.
Assist in creating or implementing Designated Supervisor/Financial Professional Compliance Memorandums.
Work with Compliance Advisors on special projects as needed.
Perform other tasks as needed.