Centralized Supervision Specialist

Northwestern Mutual; Milwaukee (WI); On-site; USD 60,880 - 91,320; Full time

Benefits offered by this job

Flexible work schedules

Concierge service

Comprehensive benefits

Employee resource groups

Job summary

Northwestern Mutual in Milwaukee, WI, seeks a detail-oriented supervisor to oversee securities and insurance activities within a compliant, collaborative framework. The role partners with field representatives to grow business the right way.

You will review and approve correspondence, perform transaction supervision, and support system enhancements while ensuring adherence to regulations and NMIS policies. A degree and FINRA licenses or plans to obtain them within six months are expected.

Qualifications

• Bachelor's degree in business, finance or related field or equivalent work experience.
• 2 years of professional experience in insurance or financial services.
• 2 years of experience in core product lines (life, DI, LTC), mutual funds or general securities.
• FINRA SIE, Series 7 and 24 licenses must be acquired within 6 months.
• Strong analytical and written/oral communication skills.
• Knowledge of NMIS policy and procedures and regulations.

Responsibilities

• Supervise investment and insurance business in a collaborative team to ensure compliance.
• Review and approve securities correspondence and client communications.
• Perform supervisory review using compliance monitoring systems.
• Collaborate with field offices and supervisory teams to ensure regulatory compliance.
• Provide advisory input to improve workflows, training, and documentation.
• Support system enhancements and participate in basic divisional projects.

Skills

Analytical skills

Written & verbal communication

Regulatory compliance knowledge

Ability to work with all levels of mgm

Education

Bachelor's degree in business/finance or related field

Job description

At Northwestern Mutual, we believe relationships are built on trust. That our lives and our work matter. These beliefs launched our company over 160 years ago. Today, they're just a few of the reasons why people choose to build careers at Northwestern Mutual.

We're strong and growing. In a company with such a long and storied history, this may be the most exciting and important time to be a part of Northwestern Mutual. We're strong, innovative and growing.

We invest in our people. We provide opportunities for employees to grow themselves, their career and in turn, our business.

We care. We make a positive difference in our communities. Nationally, thousands have benefitted from our support of research and programs to fight childhood cancer. Each year, our Foundation, employees and financial representatives donate time, talent and financial support to causes they're passionate about.

What You Will Do

Supervises investment and insurance business and activity, in a collaborative team environment, to ensure compliance with firm policies and industry regulations. Partners with Northwestern Mutual field force daily to help them grow their business the right way.

How You Will Do It

• Perform review and supervision of securities correspondence, flagged email and social media correspondence between financial representatives and their clients.
• Approve correspondence in accordance with regulatory requirements, as well as firm policies and procedures. Escalate higher risk flagged correspondence to the appropriate field supervisor for resolution.
• Perform transaction supervision using compliance monitoring systems (e.g. the Securities Monitoring and Review Tool (SMART).
• Work closely with a small number of small to mid-sized Network Offices and their accompanying supervisory teams to ensure appropriate monitoring and supervision is conducted in accordance with regulatory requirements, as well as firm policies and procedures.
• Play a consultative and advisory role to the field supervisors to review and discuss opportunities for workflow improvement, training, and/or documentation within their network office. Perform suitability review and ultimate approval of newly submitted brokerage and advisory accounts.
• Work with supervision team to provide feedback and information on the observed trends found by the Supervision Support Team. Information provided outlines areas of concerns associated with the timeliness and/or documentation of supervisory reviews that have been unaddressed and require action to minimize business risk and ensure regulatory compliance.
• For the assigned supervision and surveillance systems, provide support to the subject matter expert of the respective system (e.g. provide feedback and support with system enhancements to help with implementation). Participate in the discussions related to the creation, testing and implementation of annual system enhancements.
• At the direction of the subject matter expert, provide value by assisting in the completion of miscellaneous basic projects required to improve the overall effectiveness of the system. Participate as a resource on basic divisional project teams.

Bring your best! This role needs:

• Bachelor's Degree in business, finance or related field and/or equivalent work experience.
• 2 years of experience in a professional level position in insurance or financial services industries required.
• 2 years of professional level experience in core product lines (some combination of life insurance, DI, and LTC), mutual fund, and/or general security related experience.
• FINRA SIE, Series 7 and 24 licenses must be acquired within 6 months.
• Strong analytical, as well as strong written and oral communication skills needed.
• Strong foundation on NMIS policy and procedure and regulations is needed.
• Ability to work with all levels of management within the field and home office.
• Demonstrated ability to handle multiple issues to resolution in a timely manner while maintaining good relationships with internal and field clients.
• Ability to understand both business and compliance issues and effectively communicate with both compliances and field sales associates.

Benefits

Great pay package, 401K, company sponsored retirement plan, educational assistance, performance based incentive pay, medical, dental and vision insurance, parental leave, caregiver time off... and more!

Pay Range

Pay Range - Start: $60,880.00

Pay Range - End: $91,320.00

Structure 110

$66,960.00 USD - $100,440.00 USD

Structure 115

$70,000.00 USD - $105,000.00 USD

We believe in fairness and transparency. It's why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you're living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable,

This position has been classified as a Registered Representative under NMIS guidelines and requires fingerprinting. Series 24 - FINRA, Series 7 - FINRA, SIE - FINRA

FIND YOUR FUTURE

We're excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and our commitment to a culture of belonging.

• Flexible work schedules
• Concierge service
• Comprehensive benefits
• Employee resource groups

Northwestern Mutual is an equal opportunity employer that welcomes talented individuals of all backgrounds. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.