Supervising Principal

Lincoln Investment; Fort Washington (Montgomery County); On-site; USD 110,000 - 160,000; Full time

Job summary

Lincoln Investment, based in Fort Washington, PA, seeks a Supervising Principal to oversee Financial Professionals and ensure compliance with FINRA, SEC, MSRB, and ERISA rules. The role focuses on supervising sales activities, reviewing reports, and addressing investor concerns while coordinating with Compliance and DS visits across the country.

Ideal candidates hold a Bachelor’s degree with 3–5 years in securities compliance and possess strong data analysis, communication, and

Qualifications

• Bachelor's degree in a related field or equivalent experience.
• Experience in compliance and supervision within securities industry preferred.
• Familiarity with FINRA, SEC, MSRB and ERISA rules & regulations.

Responsibilities

• Supervise FP sales activities across territory including review of new business, correspondence, and email.
• Review exception reports and other files for suitability.
• Investigate questionable transactions and coordinate corrective actions.
• Answer compliance questions from Financial Professionals and staff.
• Conduct DS visits to FP locations nationwide to ensure proper supervision.
• Develop criteria for Special Supervision programs and support implementation.

Skills

Data analysis

Data presentation

Communication

Organizational skills

Time management

Project management

Attention to detail

Problem solving

Diplomacy

Independence

Education

Bachelor's degree

Job description

Lincoln Investment is recognized as one of Philadelphia's Top Workplaces for fifteen years, is an independent broker dealer and registered investment advisor that offers brokerage, investment advisory and other financial services. Lincoln has about 1,000 financial professionals nationwide and we serve over 310,000 clients representing over $60 billion in assets. We are a majority family-owned financial services firm that regards our employees as integral players in our continuous growth. Lincoln Investment's success is built upon our dedication to helping people retire well and promoting a work environment that fosters success.

Our financial strength and profitability are natural results of "helping people, having fun, and enjoying success." Lincoln Investment offers a competitive compensation and benefits package. Our Home Office is conveniently located in Fort Washington, PA, just outside of Philadelphia.

Basic Function

The primary responsibility of the Supervising Principal is to serve as the Designated Supervisor and to supervise the sales activities of Financial Professionals ("FP") in an assigned area. Other responsibilities include communicating regularly with Financial Professionals regarding compliance regulations and serving as an expert resource on compliance questions and issues.

Responsibilities

• Supervise the sales activities of FPs in an assigned territory including, but not limited to, the review of new business, correspondence, and email.
• Review exception reports and various other reports for suitability.
• Investigate questionable transactions and take corrective actions which may require FP and/or investor contact.
• Answer compliance questions from Financial Professionals and their office staff.
• Participate in pre-audit briefings with Branch Examinations.
• Conduct Designated Supervisor ("DS") Visits to FP's business locations across the country to assist in properly supervising the FP, which includes but is not limited to:
  • Completion of a check list of questions.
  • Review office and client files for business and correspondence not submitted through the BD and or not approved by the BD.

• Work with the Vice President of Supervisionto identify, supervise, monitor, and document FPs who are recognized as requiring Special Supervision. Develop criteria for how and why these FPs are identified, monitored and when this monitoring is no longer necessary. Assist in the creation of customized Special Supervision programs for individual FPs and support carrying out the programs as required.
• May assist the Compliance Department in identifying and investigating investor complaints received and prepare (or coordinate with the Compliance Department to prepare) the written response to the investor within thirty (30) days of receipt of the complaint. This includes, but is not limited to, conducting an analysis of the complaint, analyzing the alleged losses in the account, and interviewing Branch Managers and FPs.
• Assist in preparing training materials and presenting at compliance training meetings as needed.
• Other tasks as needed which may include but are not limited to:
  • Contribute to the update of procedural manuals or written supervisory procedures as needed.
  • Assist in the creation and/or implementation of new DS/FP Compliance Memorandums as needed.
  • Work with Compliance Advisors on special projects as needed.

Skills

• Ability to gather, analyze and display data in an appropriate format and keep accurate and organized records/documentation.
• Aptitude to assess a situation and make a decision on how to move forward.
• Ability to assess business risks to the firm and bring these matters to supervisor's attention.
• Capacity to work independently.
• Excellent oral and written communication skills.
• Organizational and time management skills (e.g., ability to effectively manage multiple priorities).
• Ability to conduct oneself in a diplomatic and professional manner.
• Offer creative solutions to issues.
• Project management capabilities.
• Exceptional attention to detail.
• Provide an outstanding level of service and a helpful attitude to DSs, FPs and co-workers.

Knowledge/Experience

• Three to five years of experience in the securities industry (preferably in compliance and/or supervision).
• Working knowledge of FINRA, SEC, MSRB and ERISA rules & regulations as they apply to both broker/dealers and registered investment advisors.
• Thorough understanding of securities products, insurance products (including variable annuities, equity indexed annuities and fixed annuities) and investment advisory programs. Employee new to this role may have up to 90 days to meet requirements per FINRA regulations.

Education/Training

• Bachelor's degree in a related field or the equivalent combination of education and/or experience.

Certification/Licenses

• Series 7, Series 24, Series 53, and Series 66 (or equivalent, i.e. Series 63 & Series 65) licenses required.
• Series 9/10 preferable.
• Series 4 helpful, but not required.

Lincoln Investment is an equal opportunity employer. Lincoln Investment prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. Lincoln Investment conforms to the spirit as well as to the letter of all applicable laws and regulations.