Trade Review Principal Lead

Brokers International•Urbandale, IA

About The Position

This position will have supervisory responsibility of Integrity Alliance registered representatives and investment advisory representatives. The Trade Review Principal (TRP) will need extensive industry knowledge and operational experience related to suitability and trade review along with time management and organizational skills. With the help of additional Operations Leadership, will serve as oversight for Trade Review team, ensuring prompt response and proper handling. Serve as an escalation resource, expediting, delegating and facilitating additional work items to completion. In this role you will: Provide Principal review and approval of transactions while working within firm’s established suitability guidelines and time frames. Provide Principal review and approval on variety of business types: mutual funds, annuities, variable life insurance, 529 plans, financial planning, alternative investments (REITs and DPPs), advisory and brokerage transactions. Reviewing brokerage and advisory accounts held through our clearing firms to ensure that the account opening process follows all company guidelines. Conduct customer account reviews to detect potential sales abuses. Maintain product knowledge Provide education and training to representatives concerning regulatory, corporate and legal requirements, general product offerings, licensing issues as well as internal processes & procedures. Notifying advisors when a transaction conflicts with a client’s investment profile, a company policy, or an industry regulation. Working with advisors to resolve escalated issues surrounding these investments. Work with the Compliance Department as needed to address regulatory concerns or improper sales practices. Developing process improvement recommendations to enhance department workflow. Perform other duties as assigned to support the needs of the team.

Requirements

Bachelor's degree (BA/BS) from 4-year college or university or two to four years related experience and/or training; or equivalent combination of education and experience.
3+ years of prior financial services experience is required
1 year of Trade Review Principal experience is required
FINRA Series 6/7 and 24/26 are required.
Series 4, 53, and 65/66 required within 6 months.
Insurance and securities license(s) in state(s) of operation for life, health, and variable annuity may be required.

Nice To Haves

1 year of leadership or management experience is preferred

Responsibilities

Provide Principal review and approval of transactions while working within firm’s established suitability guidelines and time frames.
Provide Principal review and approval on variety of business types: mutual funds, annuities, variable life insurance, 529 plans, financial planning, alternative investments (REITs and DPPs), advisory and brokerage transactions.
Reviewing brokerage and advisory accounts held through our clearing firms to ensure that the account opening process follows all company guidelines.
Conduct customer account reviews to detect potential sales abuses.
Maintain product knowledge
Provide education and training to representatives concerning regulatory, corporate and legal requirements, general product offerings, licensing issues as well as internal processes & procedures.
Notifying advisors when a transaction conflicts with a client’s investment profile, a company policy, or an industry regulation.
Working with advisors to resolve escalated issues surrounding these investments.
Work with the Compliance Department as needed to address regulatory concerns or improper sales practices.
Developing process improvement recommendations to enhance department workflow.
Perform other duties as assigned to support the needs of the team.