Supervisory Principal

LPL Financial•Fort Mill, SC

3d•$62,727 - $104,545•Onsite

About The Position

The Supervisory Principal, as part of the Complex Product Supervision Specialized Services within our Supervision division, will be responsible for serving as a subject matter expert for LPL Financial Advisors across the country. This position will be responsible for supervising the suitability for transactions in a variety of complex products, ensuring that the assigned advisors are meeting the standards and requirements of supervision set forth by regulatory agencies and the Firm. The Supervisory Principal will also be responsible for providing project support and additional duties as assigned.

Requirements

Undergraduate degree in Business, Accounting, Finance, or related discipline
Series 7, 66 (or 63 and 65), 24 (or 9 and 10), 4 & 53 required, if 1 exam is needed, it can be obtained within 90 days.
5+ years industry experience
Understanding of complex products (i.e. alternative investments and structured products)
Knowledge of mutual funds, annuities, general securities, and other financial products required
Knowledge of FINRA SEC, and State rules and regulations required
Ability to work in a fast paced/high volume environment and be flexible with work schedule
Ability to multi-task, strong attention to detail, excellent problem-solving and follow-up skills are essential for this position
Oral and written communication skills
Ability to make regulatory and supervisory-based decisions will be necessary to complete the day-to- day functions of the role and for staff support in their role as Branch Office Manager
Mentoring skills
Proactive collaboration and service-based responses with business partners on escalated issues and concerns is essential
Management, and human relations skills
Ability to develop compliance systems and strategies for effective supervision

Nice To Haves

Life and Health Insurance License
Experience with all Microsoft applications, particularly, Excel, Word, Access, PowerPoint, and Visio and familiarity with BETA

Responsibilities

Suitability review and approval of transactions in certain product specific areas such as alternative investments, structured products, exchange traded products, variable annuity liquidations and others as needed.
Become a subject matter expert and liaison with vendors and wholesalers.
Assist with regulatory exams and requests as well as assist with the maintenance of the supervisory procedures.
Project management, planning and issue resolution: this role will be relied upon to handle complex issues and aggressive deadlines.
Leading investigations of questionable sales activity and work with a Senior Analyst or Manager on resolution.
Keeping up to date with company and industry regulations; ability to interpret firm policies and procedures and incorporate into daily processes.
Routinely interacts within a team environment to identify potential sales practice concerns, initiate escalations, and consult on problematic clients or branches.