Monitor advisor activities for compliance, conduct supervisory reviews, partner with compliance, approve new accounts, and handle regulatory exams.
Job Summary & ResponsibilitiesPreferred Qualifications
Responsibilities include but are not limited to:
- Monitor advisor activities to ensure adherence with firms' policies, regulatory requirements (FINRA, SEC, State Regulations) and industry best practices.
- Conduct daily, monthly, and quarterly supervisory reviews of advisors' activities, including transaction monitoring and account documentation.
- Partner with Compliance, including providing input to policy and supporting communication and adherence to policy, and building out the day-to-day regulatory supervision of US Wealth Management business.
- Supervise the opening and maintenance of client accounts to ensure adherence to KYC/AML.
- Partner with management to lead and run ad hoc projects and initiatives and provide operational support where needed.
- Approve new accounts, trade exceptions and investment recommendations within delegated authority levels.
- Maintain accurate records of review activities and prepare reports for regulatory examinations as needed.
- Identify and escalate potential regulatory or reputational risk in a timely manner.
Required Skills:
- Knowledge of securities industry regulations, including FINRA/SEC rules, and suitability guidelines.
- Knowledge of the following products and supervision of these products: alternatives investments, structured products, stock and fixed income securities.
- Strong verbal and communication skills.
- Strong organizational and teamwork skills.
- Self-starter who will take initiative, learn quickly and work both independently and collaboratively.
- Results oriented and quickly turn around high-quality work in a fast-paced environment.
Required Experience:
- High School Diploma with a minimum of 2 years of experience in wealth management or brokerage compliance.
- Series 7, Series 9/10, Series 66 (63/65) required.
Preferred Experience:
- Bachelor's degree in related concentration such as Business Administration, Finance, Mathematics, etc. and ideally 2-5 years of experience in wealth management or brokerage compliance.
Valley Bank Morristown, New Jersey, USA Office
70 Speedwell Ave, Morristown, New Jersey, United States, 07960
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