Risk Supervisory Officer

Risk Supervisory Officer

Requirements

• Bachelor’s Degree required
• Series 7, 66 required
• Series 24 (or 9/10) licenses required or must be obtained within 6 months of employment
• 3-5 years of investment advisory or broker-dealer experience, ideally with background in supervisory principal activities
• Detail-oriented with strong organizational and follow up skills
• Must be able to operate independently and function as a team player
• Demonstrated ability to use sound judgment and critical thinking skills to investigate, evaluate and resolve complex issues
• Strong collaboration, influence, and excellent interpersonal skills including the ability to interact with all levels of staff
• Demonstrated analytical ability, strong written and oral communication skills

Responsibilities

• Provide procedural guidance to Portfolio Managers, Wealth Advisors, Salespersons, administrators and internal business partners via email, telephone inquiries and staff meetings
• Principal review and approval of account maintenance and new accounts, including natural person and entity new accounts, with strategies spanning across asset classes (equity, fixed income, private equity/credit and hedge funds) with emphasis on Best Interest standards, investment policy statement (IPS) review and meeting appropriate documentation requirements
• Monitor Discretionary & Non-Discretionary Investment Advisory program relationships, using proprietary firm tools, with focus on identification, mitigation and resolution of alerts related to IPS Compliance (including but not limited to deviation from asset allocation/risk profiles, suitability of portfolio holdings, alternative investment exposure, and related account activities within client relationships)
• Review and evaluate portfolio holdings verse client account objectives to ensure compliance with best interest standards
• Assess and authorize trade corrections, errors, and reallocations for retail clients
• Evaluate the trade rotation and allocation processes of portfolio management teams to confirm compliance with established policies and procedures
• Examine daily trade blotters and reports to verify compliance with internal policies and external regulations
• Evaluate periodic supervisory reports focused on suitability of portfolio holdings and activities within client accounts and liaise with PW teams on resolution of exception items
• Work closely with internal/external auditors and Legal and Compliance to respond to regulatory inquiries
• Cross-train in additional supervision areas, dependent upon business requirements
• Must be prepared and capable of working on-site five days a week during the first year

Preferred Qualifications

No preferred qualifications provided.