Location: Houston,TX, USA
The Supervisory Associate assists the Branch Manager in daily operations, supervisory administration, and Advisor/client service excellence.
Key Responsibilities:
Daily Trade Monitoring: Conduct thorough reviews of daily trading activities to ensure adherence to compliance policies and regulatory standards.
Trade Compliance Software Management: Utilize and manage FIS Trading Compliance Software to monitor alerts for potential violations, ensuring timely identification and resolution of compliance issues.
Account Allocation and Suitability Review: Review discretionary account asset allocations to verify appropriateness for clients based on their financial profiles and investment goals, with a specific focus on Fiduciary Standards (Duty of Care, Reg BI).
New Account Supervisory Review: Conduct thorough review of new account applications, including Know Your Customer (KYC) procedures, Anti-Money Laundering (AML) checks, and suitability assessments to ensure all documentation is complete and compliant.
New Account Risk Assessment: Evaluate client profiles and associated risks, focusing on high-risk accounts, complex structures, or unusual patterns that may require additional scrutiny.
Oversee Account Opening Process: Oversee the process of new account openings, ensuring operational accuracy, completeness, and compliance with regulatory standards and firm policies.
New Product Review: Review investment products for client suitability and compliance with firm policies and regulatory requirements.
Support Supervision Reviews and Audits: Assist the Branch Supervisor in completing day-to-day branch supervision reviews (account updates, advertising/marketing reviews, trade reviews, email reviews, etc.)
Administrative Tasks: Perform various administrative duties, including preparing reports, and maintaining accurate records.
Advisor Interaction: Provide exceptional service to Advisors, addressing inquiries, resolving issues, and facilitating open communication.
Compliance Monitoring: Help maintain adherence to regulatory requirements and firm policies, assisting in compliance reviews and coordination.
Training and Development: Aid in the onboarding and training of new staff members, ensuring they are familiar with branch processes and procedures.
Reporting: Assist in preparing regular management reports, including supervisory metrics, updates on critical task completions, and branch performance summaries.
Coordination with Teams: Collaborate with various departments, including compliance, operations, and investment management, to support branch initiatives and projects.
Qualifications:
Bachelor's degree in business administration, Finance, or related field.
Active Series 24 license is required; additional FINRA licenses are a plus (e.g., Series 7, Series 63).
Minimum of 2 years of experience in compliance, regulatory oversight, or related fields within the financial services industry, preferably in wealth management.
Strong knowledge of trading and investment compliance regulations, including SEC, FINRA, and other relevant bodies.
Strong understanding of KYC, AML regulations, and securities industry practices.
Knowledge of financial products, services, and regulatory requirements.
Experience with FIS Trading Compliance Software or similar compliance monitoring tools is highly desirable.
Excellent organizational skills with keen attention to detail.
Strong interpersonal and communication skills, with the ability to build relationships with Advisors and team members.
Detail-oriented with strong analytical skills and the ability to interpret complex regulatory requirements.
Proficient in Microsoft Office Suite (Word, Excel, PowerPoint).
Experience with financial reporting, and CRM software is a plus.
Clearing/custody platform utilization is a plus (Fidelity Wealthscape).
Ability to multi task and manage competing priorities in a fast-paced environment.
Team player, collaborative, able to work well with all levels of the organization.
Attention to detail is critical.
Salary and Benefits:
Salary based on experience.
Benefits include medical, dental, vision, life, disability, and 401(k) (benefits subject to change).
Paid time off.
Partial and/or full financial support for professional accreditation/continuing education requirements.