What are the responsibilities and job description for the Senior Compliance and Supervisory Analyst position at Financial Resources Group Investment Services, LLC?
The Senior Compliance and Supervisory Analyst will join the OSJ compliance team, which supervises and supports approximately 1,000 registered representatives of LPL Financial. The OSJ also maintains its own broker dealer and supports in a compliance and supervisory capacity an additional SEC registered RIA. This position requires extensive knowledge of key industry compliance and supervisory trends and initiatives, interacts heavily with registered representatives and their support staff, and provides consultative support, and education to advisors.
Duties and Responsibilities:
- Ability to make policy-based and analytical decisions in reviewing account and branch activity, including but not limited to the following:
- Review and approval of account documentation
- Suitability review of securities transaction via the trade blotter
- Review brokerage alerts via the OSJ Review Tool
- Review of advisory account alerts
- Review Non-Electronic Correspondence
- Ensuring that Financial Advisors are meeting the standards and requirements set by regulatory agencies and the company
- Leading investigations of questionable sales activity and work with 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
- Provide awareness across all BRM departments of any investigations, escalations, or emerging risks involving advisors and OSJs
- Serves as a signing delegate for Branch Manager
- Manages specific duties for the FRGIS Broker/Dealer
- Perform specific supervisory and compliance functions for SEC registered RIA
Required Skills and Experience:
- Undergraduate degree in Business, Accounting, Finance or related discipline
- Must have Minimum 6 years of related industry experience, 4 years proven experience with firm
- Must have FINRA Registrations, including Series 7; S63 & S65 (or S66); S24; S4 & S53 (or S9/10)
- Must be Life & Health licensed (home state)
- Knowledge of mutual funds, annuities, Alternative Investments, general securities, and other financial products required
- Knowledge of FINRA, SEC, and State rules and regulations required
- 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
- Excellent 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
- Proactive collaboration and service-based responses with business partners on escalated issues and concerns is essential
- Ability to develop compliance systems and strategies for effective supervision
- Experience with all Microsoft applications, particularly, Excel, Word, Access, and PowerPoint.
- Demonstrates in-depth knowledge of LPL, as well as regulatory policy and procedure
- Exhibits leadership qualities and abilities; clean U4 and exceptional credit
- Serves as a resource to provide trusted information for multiple departments
- Demonstrate excellent time management, organizational problem solving and prioritization skills
Based in Fort Mill, SC, Financial Resources Group is LPL Financial's largest enterprise*, providing customized services to financial advisors and financial institutions to help them grow their programs and practices. Representatives are registered through LPL Financial as their broker-dealer. For more information on Financial Resources Group, visit https://www.financialresourcesgroup.net
*Based on assets (brokerage and advisory), total revenue and affiliated professionals as of December 2022.
