Supervisory Principal

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.
• What are we looking for?

Requirements

• Undergraduate degree in Business, Accounting, Finance, or related discipline
• Series 7, 66 (or 63 and 65), 24 (or 9 and 10), 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
• Core Competencies:
• 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
• Preferences:
• Series 4 & 53
• Life and Health Insurance License
• Experience with all Microsoft applications, particularly, Excel, Word, Access, PowerPoint, and Visio and familiarity with BETA
• Pay Range:
• $62,727.00 - $104,545.00
• Company Overview:

Benefits

Additional Information

Where Ambition Meets Innovation Build a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you'll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals. 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.

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