Supervising Principal

Lincoln Investment•Fort Washington, PA

13d

About The Position

The Supervising Principal serves as the Designated Supervisor and oversees the sales activities of Financial Professionals (FPs) in an assigned area. The role also involves regular communication with FPs about compliance regulations and serving as an expert resource for compliance questions and issues. The position includes reviewing new business, correspondence, email, and exception reports; investigating questionable transactions; and taking corrective action when needed. The Supervising Principal conducts Designated Supervisor visits at FPs’ business locations across the country, supports special supervision programs, and may assist with investor complaint investigations and responses. The role also contributes to compliance training, procedural manuals, supervisory procedures, compliance memorandums, and special projects. Lincoln Investment is an independent broker-dealer and registered investment adviser serving more than 310,000 clients with over $60 billion in assets. The company describes itself as a majority family-owned financial services firm and offers a competitive compensation and benefits package. Its home office is in Fort Washington, Pennsylvania.

Requirements

Three to five years of experience in the securities industry, 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 advisers.
Thorough understanding of securities products, insurance products—including variable annuities, equity indexed annuities, and fixed annuities—and investment advisory programs.
Series 7, Series 24, Series 53, and Series 66 licenses, or equivalent Series 63 and Series 65 licenses, are required.
Bachelor’s degree in a related field or an equivalent combination of education and/or experience.
Ability to gather, analyze, and present data appropriately and maintain accurate, organized records and documentation.
Ability to assess situations, make decisions, evaluate 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.
Ability to offer creative solutions and demonstrate project-management capabilities.
Exceptional attention to detail.
Ability to provide outstanding service and a helpful attitude to Designated Supervisors, Financial Professionals, and coworkers.

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 actions, 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 at Financial Professionals’ business locations across the country, including completing a checklist and reviewing office and client files for business and 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 individual supervision 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 as needed.
Assist in creating or implementing Designated Supervisor or Financial Professional Compliance Memorandums as needed.
Work with Compliance Advisors on special projects as needed.
Perform other tasks as needed.