Supervision Principal Missouri/Arkansas

U.S. Bank • Warrensburg, MO

2d • Hybrid

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description GENERAL SUMMARY: Manages delegated sales supervision for the Office of Supervisory Jurisdiction (OSJ) Market Leader (ML), Wealth Management Advisor (Advisor), and Wealth Management Associate (Associate). Responsibilities include duties aimed at securing adherence to the Firm’s Written Supervisory Procedures (WSPs), including coaching and training of the associated persons assigned to their OSJ. ESSENTIAL FUNCTIONS: Works in partnership with the other Market Leaders, Market Leader (ML), Market Administration Leader (MAL) and Central Principal (CP), on the assigned market’s adherence to FINRA, SEC, MSRB, OCC, and internal compliance policies. Manages first line supervision by monitoring associated persons’ compliance with firm and regulatory risk management policies and regulations. Provides oversight of the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures. Actively participates in any required corporate and business line training in these areas. Follows account opening procedures and understands and follows internal suspicious activity referral requirements and processes, as required for this position. Actively works with customers to understand each customer's normal account activity, as appropriate for this position. Partners with the Market Leader to assure adherence to FINRA, SEC, MSRB, OCC and internal compliance policies. Performs delegated supervisory functions including but not limited to reviewing correspondence, monthly client calls, transaction reviews. Prepares for and oversees the Office of Supervisory Jurisdiction’s (OSJ) annual examination process. Executes Annual Supervisory Reviews (ASeRs) on all registered representatives per firm policies. Completes ASeR template and presents actions necessary to rectify all identified issues. Identifies needs and delivers supervision and compliance training to their associated persons’ either in a targeted or market-wide basis. Monitors for completion of firm and regulator continuing education requirements such as Firm Element, regulatory CE, etc. Acts as a liaison between the assigned market and other departments on supervision related matters. Provides input to influence departmental policy and procedures through participation in committees or on special projects as assigned by the Supervision Manager (SM). It is the individual responsibility of every employee to maintain a current awareness and understanding of and to fully comply with U.S. Bancorp’s “Code of Ethics”. Each employee is also expected to maintain an awareness of the laws, regulations, internal policies and procedures that are appropriate for his/her position.

Requirements

• Bachelor's degree, or equivalent work experience
• Five or more years of experience in financial services industry
• Three to five years of sales supervision experience
• FINRA Series 7, 24, 53, 63 and 65/66 licenses, and State Insurance license

Nice To Haves

• Typically requires three years or more of securities principal experience, and a Bachelor’s degree and/or progressive responsibilities in leadership is preferred.
• Must possess FINRA Series 7, 24, (or 9/10), and 63 or 66, and possess or have the ability to secure 53, 65 if required and state insurance license.
• Excellent knowledge of Microsoft Office suite and e-mail applications.
• Previous experience with supervisory systems such as WealthStation, Protegent and other applicable software applications is preferred.

Responsibilities

• Manages delegated sales supervision for the Office of Supervisory Jurisdiction (OSJ) Market Leader (ML), Wealth Management Advisor (Advisor), and Wealth Management Associate (Associate).
• Works in partnership with the other Market Leaders, Market Leader (ML), Market Administration Leader (MAL) and Central Principal (CP), on the assigned market’s adherence to FINRA, SEC, MSRB, OCC, and internal compliance policies.
• Manages first line supervision by monitoring associated persons’ compliance with firm and regulatory risk management policies and regulations.
• Provides oversight of the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures.
• Partners with the Market Leader to assure adherence to FINRA, SEC, MSRB, OCC and internal compliance policies.
• Performs delegated supervisory functions including but not limited to reviewing correspondence, monthly client calls, transaction reviews.
• Prepares for and oversees the Office of Supervisory Jurisdiction’s (OSJ) annual examination process.
• Executes Annual Supervisory Reviews (ASeRs) on all registered representatives per firm policies.
• Completes ASeR template and presents actions necessary to rectify all identified issues.
• Identifies needs and delivers supervision and compliance training to their associated persons’ either in a targeted or market-wide basis.
• Monitors for completion of firm and regulator continuing education requirements such as Firm Element, regulatory CE, etc.
• Acts as a liaison between the assigned market and other departments on supervision related matters.
• Provides input to influence departmental policy and procedures through participation in committees or on special projects as assigned by the Supervision Manager (SM).

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees