Supervisory Principal - Central Supervision Principal

LPL Financial•San Diego, CA

4d•$69,000 - $115,000•Remote

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
Knowledge of mutual funds, annuities, general securities, and other financial products required
5+ year’s industry experience in a compliance related function
Series 7, 24 (OR Series 9 AND 10); Series 4 AND 53 required OR must pass within 120 days of employment (for candidates with S24); Series 66 (OR Series 63 AND 65)
Knowledge of FINRA, SEC, and State rules and regulations required
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
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.