Supervisory Principal

Steward Partners; United States; On-site; USD 90,000 - 130,000; Full time

Job summary

Steward Partners is seeking a Supervisory Principal to join our centralized supervision model, overseeing sales practices and branch personnel across the firm. You will partner with Compliance to implement supervisory processes and ensure adherence to regulations and firm policies.

The role involves reviewing trades, addressing suitability alerts, escalating issues, and contributing to data-driven reporting while maintaining books and records and supporting regulatory inquiries.

Qualifications

• Bachelor’s degree or equivalent work experience.
• Experience in financial services or brokerage supervision is preferred.
• Series 7 and 24 (or 9/10), Series 53 & 4 a plus; Series 63 & 65 or 66 or ability to obtain within 6 months.

Responsibilities

• Review securities transactions across asset classes to identify sales practice concerns.
• Address account-level suitability alerts for brokerage and advisory accounts.
• Escalate matters to Field Supervisory Officer as needed.
• Run reports and collect data in response to regulatory inquiries.
• Support evolution of supervisory policies, procedures, and systems.

Skills

Regulatory oversight

Attention to detail

Communication

Analytical thinking

Time management

Education

Bachelor’s degree or equivalent

Tools

Microsoft Excel

PowerPoint

Word

SharePoint

Job description

Steward Partners is an employee-owned, full-service leading independent private financial services firm, with professionals delivering multifaceted financial solutions and comprehensive service to our clients and their families.

Steward Partners caters to family, institutional and multigenerational investors delivering comprehensive wealth planning and investment strategy implementation, professional asset management services, private banking, institutional consulting, international advisory and business solutions. We pride ourselves on delivering wide-ranging client service with an unwavering commitment to excellence.

Position Overview:

The Supervisory Principal works within a centralized supervision model at Steward Partners which is responsible for oversight of the sales practices and branch personnel and other registered and non-registered locations throughout the Firm This position will partner with the Compliance Department to implement supervisory processes and procedures that mitigate risk and ensures adherence to the rules, regulations, and policies relating to the business of the Firm. Supervision monitors operational readiness for audits, conducts targeted reviews, performs controls testing and provides support for operational risk items.

Responsibilities:

• Review securities transactions on the electronic trade blotter including but not limited to equities, fixed income, mutual funds, UITs, municipal securities, options and 529 transactions; analyze transaction activity to identify potential sales practice concerns and respond accordingly to any matters requiring further attention.
• Address account-level suitability alerts for brokerage and advisory accounts
• Identify matters that need to be escalated to the Field Supervisory Officer
• Run reports and collect data in response to regulatory inquiries; as determined by the Compliance department
• Coordinate with Supervision leadership in preparing ongoing data/metrics reporting
• Support the evolution and enhancement of supervisory policies, procedures, and systems in collaboration with Operations and Compliance
• Perform reviews and analysis through the firm’s compliance systems and other supervisory reports; present data and make recommendations to Supervision Management
• Maintain books and records and ensure proper documentation and notes are on file
• Identify, investigate, and facilitate resolution of client complaints; in conjunction with the Compliance Department
• Maintain a strong level of knowledge on industry trends and areas of focus to ensure appropriate supervisory practices are in place
• Contribute to projects that upgrade/implement new regulatory related systems in addition to special projects as needed
• Maintain the evolution and enhancement of supervisory policies, and procedures, and systems in collaboration with input and feedback to Operations and Compliance departments

Skills, Experience & Qualifications

• 1-3 years’ experience in the financial services industry
• Bachelor’s degree or equivalent work experience
• Series 7 and 24 (or 9/10), Series 53 & 4 a plus.
• Series 63 & 65 or 66 (or ability to obtain within 6 months)
• Knowledge of products and markets, particularly retail brokerage, investment advisory programs, trade support, banking products and capital markets
• Ability to use independent judgement to address matters requiring attention
• Strong ability to execute on assigned tasks/responsibilities
• Ability to work in a fast-paced environment
• Strong written and verbal communications skills
• Independent self-starter who can manage multiple activities to defined deadlines in a team setting
• Analytical, critical thinking, and organizational skills with ability to exercise good judgment
• Proficient with Microsoft Excel, PowerPoint, and Word, Project and SharePoint