Sr Associate, Compliance Supervision

NewEdge Capital Group LLC; New Orleans (LA); Hybrid; USD 90,000 - 100,000; Full time

Benefits offered by this job

Health insurance

Dental coverage

Vision insurance

Disability insurance

401(k) match

Job summary

NewEdge Capital Group seeks a Series 24 Compliance Supervisor to oversee the firm’s supervisory program, including principal review of transactions, annuity supervision, and support for regulatory examinations. The role enforces FINRA Rule 3110 and Reg BI standards and serves as an escalation point for supervisory questions from reps and branch principals.

Hybrid in New Orleans or Pittsburgh; remote considered.

Qualifications

• Active FINRA Series 24 registration or ability to obtain within 90 days of hire
• Series 7 and Series 63; Series 66 or 65 preferred
• Active life and variable contract license or ability to obtain within 90 days of hire in resident state and any required states
• 5+ years in broker-dealer compliance, supervision, or operations incl. supervising annuity or insurance product sales
• Working knowledge of Reg BI, Rule 3110, Rule 2330, 1035 exchange mechanics, and NAIC best interest requirements
• Clean regulatory record (U4 disclosure review)

Responsibilities

• Maintain written supervisory procedures for the firm's supervised lines (incl. annuity sales, exchanges, and 1035 transfers)
• Run periodic surveillance using custodian and carrier reports; follow exceptions to closure
• Coordinate with registration, licensing, and carrier-appointment processes to confirm reps are licensed/appointed before products are sold
• Review and approve transactions and exceptions escalated for principal approval with documented rationale
• Resolve items with reps, custodians, and carriers before approval; reject or elevate deficient submissions
• Review and approve annuity applications, exchanges, replacements, and premium payments under Rule 2330/Reg BI with rationale
• Evaluate surrender charges, rider costs, liquidity needs, and time horizon for clients
• Monitor annuity replacement rates, short-holding-period exchanges, and branch concentration
• Serve as escalation point for annuity-related supervisory questions from reps and principals
• Deliver training on Reg BI, Rule 2330, and supervisory topics
• Document corrective action, heightened supervision plans, and disciplinary referrals
• Review communications, marketing materials, and client illustrations for approvals as appropriate
• Support FINRA/SEC/state examinations and regulatory requests
• Investigate and document customer complaints; assist with regulatory reporting
• Partner with Operations on processing, NIGO exceptions, and funds movement
• Report supervision metrics and emerging risks to the CCO and senior management

Skills

Reg BI

Rule 3110

Rule 2330

Annuity supervision

NAIC best interest

Education

Bachelor's degree in business/finance

Tools

Raymond James platform

Job description

NewEdge Securities seeks a Series 24 Compliance Supervisor to support the firm's supervisory program, including principal review of transactions, surveillance, representative oversight, and regulatory examination support. The role enforces FINRA Rule 3110 and Regulation Best Interest standards and serves as an escalation point for supervisory questions from registered representatives and branch principals. Annuity supervision, covering variable, fixed, and fixed indexed annuities under FINRA Rule 2330, is one of the role's core functions.

Location: Hybrid in New Orleans, LA or Pittsburgh, PA. Remote candidates will also be considered.

Responsibilities

Supervisory Program Ownership

• Maintain written supervisory procedures (WSPs) for the firm's supervised business lines, including annuity sales, exchanges, and 1035 transfers
• Run periodic surveillance using Raymond James and other custodian and carrier reports; follow exceptions to closure
• Coordinate with registration, insurance-licensing, and carrier-appointment processes to confirm representatives are properly licensed and appointed before products are sold

Transaction Review and Approval

• Review and approve transactions and exceptions escalated for principal approval, for suitability and best interest, including documented rationale
• Resolve open items with representatives, custodians, and carriers before approval; reject or elevate deficient submissions

Annuity Supervision

• Review and approve annuity applications, exchanges, replacements, and subsequent premium payments under Rule 2330 and Reg BI, including documented rationale
• Evaluate surrender charges, loss of benefits, new surrender periods, rider costs, and the client's liquidity needs, time horizon, and age
• Apply concentration and product-specific criteria, including limits for older and retirement-age clients
• Monitor annuity replacement rates, short-holding-period exchanges, rep and branch concentration, and surrender activity
• Serve as an escalation point for annuity-related supervisory questions from registered representatives and branch principals

Representative Oversight

• Deliver training on Reg BI and other supervisory topics, including Rule 2330 and annuity replacement requirements
• Document and track corrective action, heightened supervision plans, and disciplinary referrals
• Review communications, marketing materials, and client-facing illustrations, including annuity materials - provide approvals, as appropriate

Regulatory and Operational Coordination

• Support FINRA, SEC, and state examinations and respond to regulatory requests
• Investigate and document customer complaints; assist with required regulatory reporting
• Partner with Operations and Cashiering on processing, NIGO (not in good order) exceptions, and funds movement, including annuity transactions
• Report supervision metrics and emerging risks to the CCO and senior management

Qualifications

Required

• Active FINRA Series 24 (General Securities Principal) registration, or ability to obtain it within [90] days of hire
• Series 7 and Series 63; Series 66 or 65 preferred
• Active life and variable contract insurance license, or ability to obtain one within [90] days of hire, in the resident state and any additional states required
• [5+] years in broker-dealer compliance, supervision, or operations, including experience supervising annuity or insurance product sales
• Working knowledge of Reg BI, Rule 3110, Rule 2330, 1035 exchange mechanics, and NAIC best interest requirements
• Clean regulatory record (U4 disclosure review as part of background check)

Preferred

• Bachelor's degree in business, finance, or a related field
• Experience with Raymond James - clearing platform and annuity order-entry workflows
• Experience with FINRA or SEC examinations and with drafting or revising WSPs
• CFP, CRCP, or other relevant designation
• Familiarity with fixed indexed and registered index-linked annuities and the carriers' product features

Skills

• Sound judgment on suitability and best interest, with clear written documentation of decisions
• Ability to deliver direct feedback to producing representatives and hold firm on supervisory standards
• Strong analytical skills, including comfort with exception reports and surveillance data
• Clear, concise written and verbal communication with representatives, carriers, and senior management

Salary Range: $90,000 - $100,000, based on experience, with eligibility to participate in the company's bonus program

About the Organization Who We Are:
NewEdge Capital Group provides best-in-class technology-enabled solutions and support services to financial advisors and their clients. Comprised of NewEdge Wealth, NewEdge Advisors, and NewEdge Securities, they have over $120 billion in client assets and support over 450+ financial advisors servicing several thousand households, family offices and institutions comprising more than 75,000 client accounts.
What We Offer:
Compensation includes a competitive base salary, with the opportunity to qualify for bonuses or commissions based on the position. NewEdge Capital Group offers a comprehensive benefits package to eligible employees, including health, dental, and vision insurance, short- and long-term disability coverage, life insurance, paid time off, paid parental leave, 401(k) match (subject to applicable waiting periods), and additional voluntary and supplemental benefits to elect based on your needs.
Applications will be accepted on an ongoing basis.

EOE Statement NewEdge Capital Group, along with its subsidiaries, is an equal opportunity employer and does not unlawfully discriminate against employees or applicants for employment on the basis of an individual’s race, color, religion, creed, sex, sexual orientation, national origin, age, disability, marital status, veteran status or any other status protected by applicable law.

This position is currently accepting applications.