Advisor, Regional Supervision - Money Movement

Description
Job Summary:

The Regional Supervision Advisor of money movements will administer and analyze various supervision reviews to detect trends and possible rules violations to ensure adherence to securities industry regulations and limit firm liability. This associate will be responsible for approving day-to-day money movement activity. Leads defined work or projects of moderate scope and complexity.

Essential Duties and Responsibilities:

  • Conducts Money Movement approvals through the use of various systems.
  • Contacts clients to verbally verify disbursements that meet certain thresholds.
  • Reviews ACH, Standing LOA, and Periodic Payment setups for Branch Manager Client accounts. Reports findings and manages concerns in a professional manner.
  • Performs the Cash Management Review to detect potential sales practice violations in relation to the receipt, disbursement, or transfer of funds within the RJFS system.
  • Monitors and responds to emails received in the RJFS Supervision inbox.
  • Interfaces with regional management associates to inform them of any supervisory concerns that may arise with branch office managers/FAs and works together with them to address these concerns as well as to resolve any conflicts that may arise related to client accounts.
  • Monitors and keeps up to date with regulations regarding money movement activity in client accounts and applies them accordingly.
  • May participate in the formation of policies related to compliance.
  • Performs other duties and responsibilities as assigned.

Qualifications
Knowledge, Skills, and Abilities:

Knowledge of:

  • Investments and trading, securities industry regulations, and money movement (all at a level consistent with the requirement of Series 24 and/or 9/10 licensing). Familiarity/facility with RJ and its systems is preferable.
  • Company’s working structure, policies, mission, and strategies.
  • General office practices, procedures, and methods.
  • Suitability and other compliance issues involved with branch manager/FA trading activity.

Skill in:

  • Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication, spreadsheets, presentations, and databases.
  • Critical thinking and decision-making, involving the interpretation of regulatory rules and compliance policies.
  • Detail orientation to ensure the regulatory liability is limited, without impairing workflow.
  • Utilizing business-appropriate phone manners.

Ability to:

  • Independently manage and complete multiple projects and tasks; work independently with minimal direct supervision.
  • Use appropriate interpersonal styles and communicate effectively and professionally, both orally and in writing, with all organizational levels including branch managers/FAs.
  • Establish and communicate clear directions and priorities.
  • Provide a high level of customer service.

Educational/Previous Experience Recommendations:

  • Bachelor’s degree (B.A) in a related discipline and a
minimum of two (2) years of experience in Supervision and/or the financial services industry.
~or~
  • Any equivalent combination of experience, education, and/or training approved by Human Resources.

Licenses/Certifications:

  • Appropriate series license(s) for assigned functional area preferred or the ability to obtain within an established timeframe.
o SIE required provided that an exemption or grandfathering cannot be applied.
o Required to have a Series 7, 9 and 10
o Series 24 can be used instead of the 9 and 10
  • Additional licenses/certifications demonstrating the candidate’s knowledge/expertise in industry regulation and concepts preferred.