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Description

The Wealth Supervisory Control Manager provides oversight to a team responsible for reviewing and approving various financial transactions, accounts, and activities, ensuring compliance with regulatory standards and internal policies, by meticulously examining documentation and identifying potential risks, while providing guidance to team members on complex cases and maintaining a high level of quality control within the principal review function.

Job requirements

The incumbent is responsible for risk management and compliance, which consists of the development and implementation of risk management strategies and procedures to ensure compliance with regulatory requirements and internal policies. Additionally, the incumbent is responsible for financial control and reporting, operational oversight, and internal audit and control testing. Lastly, the manager is responsible for stakeholder communication and collaboration.

Key responsibilities may include:

+ Compliance Oversight: Leading the team in reviewing and approving transactions, new account openings, margin applications, options trades, and other activities requiring principal approval to ensure adherence to FINRA, SEC, and other regulatory requirements.

+ Team Management: Supervising a team of Principal Review specialists, assigning tasks, providing training, coaching, and performance evaluations to maintain high standards of accuracy and efficiency.

+ Risk Assessment: Identifying potential compliance risks within transactions and accounts, escalating issues to relevant departments for further investigation and corrective action.

+ Policy Interpretation: Interpreting firm policies and procedures related to principal approvals, ensuring consistent application across the team.

+ Regulatory Reporting: Maintaining accurate records of review activities and preparing reports for regulatory examinations as needed.

+ Stakeholder Communication:

+ Collaborating with other departments like sales, and compliance to address issues, clarify guidelines, and ensure smooth operations.

Qualifications:

+ In-depth knowledge of securities industry regulations, including FINRA rules, suitability guidelines, and anti-money laundering regulations.

+ Minimum of 6 years of industry experience in compliance or supervision is required.

+ Series 7, Series 66 (or Series 63 and Series 65) and Series 24 (or Series 9/10) licensure required.

+ Ability to lead and motivate a team, provide effective feedback and coaching to staff.

+ Insurance licensure and Series 4 preferred.

+ Strong verbal and written communication skills

+ Strong organizational and teamwork skills.

Hours & Work Schedule

+ Hours per Week: 40

+ Work Schedule: M-F

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.