Supervisory Principal

LPL Financial

6d

About The Position

The Supervisory Principal is responsible for completing front-line supervisory tasks on a daily basis and reporting potential sales practice concerns to the Regional Supervisory Principal. Great emphasis will be placed upon completing tasks according to the established Service Level Agreements and at a high level of quality. The Supervisory Principal may also serve as the subject matter expert for certain complex products, centralized review processes, and/or business models where the SP will act as the primary supervisor for all HOS, Branch OSJ, and advisors under field OSJs.

Requirements

• Undergraduate degree in Business, Accounting, Finance or related discipline
• 5+ year’s industry experience in a compliance related function
• Series 7, 24 (OR Series 9 AND 10) required; Series 4 AND 53 must pass within 120 days of employment (for candidates with S24); Series 66 (OR Series 63 AND 65)
• Work within a team environment to identify potential sales practice concerns
• Provide consultative support to clients
• Provide awareness across all BRM departments of any investigations, escalations, or emerging risks involving advisors and OSJs
• 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
• Excellent oral and written communication skills
• Ability to make regulatory and supervisory-based decisions
• Proactive collaboration and service-based responses with business partners on escalated issues
• Ability to develop compliance systems and strategies for effective supervision

Responsibilities

• Review of securities transactions on the electronic trade blotter for suitability and compliance with regulations and firm policy.
• Review of account-level & Reg BI alerts for brokerage and advisory accounts using LPL’s electronic supervisory tool suite.
• Review and approval of account documentation and correspondence.
• Analysis of transaction activity and identification of potential sales practice concerns.
• Collaboration with Regional Supervisory Principals and other business partners to escalate and resolve sales practice concerns.
• Supervise activity within the Advisory and RIA business models
• Review of full discretion and advisory fee credits/reversals
• Supervisory oversight of MSRB securities (municipal bonds, 529 College Plans)
• Supervisory oversight of Complex Products such as annuities, alternative investments, and structured products.

What This Job Offers

• Job Type: Full-time
• Career Level: Principal